Wynne Construction's managing director Chris Wynne was interviewed for a North Wales newspaper’s feature on construction marking 10 years since the financial crash.
Daily Post business correspondent Owen Hughes asked Chris how the Bodelwyddan-based company not only survived the downturn of the global market in 2008, but thrived in the proceeding decade.
The report also asked Tim Stone, managing director at house builder Redrow Homes, on how it managed the crisis, which significantly affected the construction industry. The feature was published in the Daily Post's weekly business section as well as online.
Chris explained that thanks to a good level of orders, the crash didn’t affect the family firm immediately. And when the number of enquiries and tender opportunities slowed in mid-2008, Wynne Construction’s lean business model meant significant redundancies were avoided, despite a 30 per cent decrease in turnover.
Throughout the recession, the business worked closely with Welsh Government initiative Construction Futures Wales to improve efficiency and pass on added value to clients.
Chris, whose grandfather, Charles, established Wynne Construction in 1926, revealed that whatever the financial situation is, there is always room for improvement.
He said: "We never sat back - there is always more to be done to improve what we deliver, whatever financial crisis surrounds us. In addition, we continually reviewed our systems and processes to ensure we remained effective and efficient in the challenging environment."
Chris also credited the company’s investment in new technology, which set it apart from its competitors as the only indigenous Welsh contractor to have full building information modelling (BIM) Level 2 certification. He added: "As an SME, we embraced and invested in the digital age, adopting BIM, a process that enables us to create a detailed digital model of structures before starting a build, saving time and money for the client should any changes need to be made. As a result we emerged out of the recession as an improved organisation, and able to compete with many national constructors."
Wynne Construction is a leading construction company operating throughout North Wales, Mid Wales and the North West of England. The company regularly leads on projects in sectors including education, healthcare, and sport and leisure.