With his brother Arthur owned E and A Wates in Mitcham Lane Streatham which had 2 further branches in Tooting.
In 1897 Edward Wates and his three brothers set up the first Wates Company.
During the 1920s and 1930s Edward's sons, Norman, Sir Ronald and Allan, expanded the Company by speculative house building and then extending their activities into general contracting. They built thousands of houses in the area