Family-Run Construction and Renovations Business Based in North Devon | Kevin Wheatley

Kevin Wheatley Ltd is a leading family-run construction business based in North Devon. In operation since 2021 under the guidance of directors Kevin and Nikki, the business has completed many projects including hotel renovations and residential projects. The directors have experience previously in plant hire and quantity surveying, and have since moved on to running Kevin Wheatley Ltd. They are proud to work with a local college to provide apprenticeships.

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'Building from the ground up' no job is too big or too small

Founded in 2021, Kevin Wheatley Ltd is a leading construction company based in North Devon, providing a full range of services from planning to project management and construction. We develop customised solutions to meet the specific needs of each client, ensuring the highest quality of craftsmanship and service. Our team of construction professionals have decades of experience in the industry and have completed a wide range of projects from small scale renovations to large scale commercial developments. We are committed to delivering the best possible outcome for every project, no matter the size or complexity.

At Kevin Wheatley Ltd, we bring years of family-run craftsmanship and expertise to every project we undertake. Based in the heart of North Devon, our business is built on trust, reliability, and a deep commitment to delivering high-quality results for our clients. Whether you're planning a new build, a residential renovation, or transforming a commercial property, our experienced team has the knowledge and skills to bring your vision to life. From small-scale renovations to large commercial ventures, we offer tailored solutions that meet both your needs and budget.

We take pride in our hands-on, customer-focused approach, ensuring that each project is handled with care and precision. We also work with a local college to provide apprenticeship opportunities, ensuring that our business and the construction sector in North Devon will be in safe hands as time goes on. With a track record of successfully completed projects across North Devon and beyond, Kevin Wheatley Ltd is your go-to partner for construction and renovations.

Credit Commentary:
The directors, Kevin Wheatley and Nicola Wheatley are providing a personal guarantee, which means should the business fail and have insufficient assets within the business to repay the loan, we can look to the guarantor(s) to repay and shortfall on repayment. There have been no CCJs for the company or director. The Equifax score and grade, which we use to assess risk, are based on 2023 accounts. The primary activity of the business is to provide construction-led services ranging from small-scale renovations to large-scale commercial developments.
In evaluating the company’s financial health, their total EBITDA of £59k provides good coverage for interest, existing debt payments, and the proposed facility. The company’s turnover has registered remarkable growth, climbing up to £1.5m (2023: 0.7m) in 2024, translating into a much higher Net Income. The company’s Debt Servicing cover stands comfortable, indicating effective debt management. The bank statements demonstrate reasonable affordability, and the accounts remain well in credit.

Inflation Risk:
Inflation comment : The company does not expect to be affected by inflation.

KEVIN WHEATLEY

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KEVIN WHEATLEY

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