ONE of the fastest growing businesses in Wales, Edenstone Homes has been recognised in the 2018 Fast Growth 50 list, following an increase in turnover from £3.8m in 2015/16 to £14.9m in the year ending April 2017.

In that time, the Magor-based company created an extra 40 direct jobs and supported further employment opportunities in the supply chain.

Results in the same period also earned the company a ranking in Wales Business Insider's latest SME 100.

Since then, Edenstone has continued to grow, recording turnover of £18.3m in the year ending April 2018. The business plans to increase turnover to £50m per annum by 2020-21.

Martin Taylor, managing director for Edenstone Homes, said: “We’re proud to have been recognised as one of the fastest growing businesses in Wales.

"The Fast Growth 50 chart covers the period up until the end of 2017, but we are continuing to expand and grow. The success of the business is due to the hard work and dedication of the entire team who have helped ensure we meet out targets for growth. Based on current projections we are on target to increase turnover to £50m a year by 2020-21.

“We aim to achieve this by acquiring new sites and delivering much-needed new homes across South Wales and the South West of England.”

Edenstone currently has sites in Aberthin, Abergavenny and Horsley and more recently launched a 50-home development in Dinas Powys. The company is also building under the Bluebell Homes brand in Lydney.