Allenbuild suffers fourth year of losses

Housing association-owned contractor Allenbuild is pulling out of bidding for new work after suffering its fourth year of losses.
The firm, which now operates from offices in Preston and Edinburgh, reduced losses to £460,000 last year from a £4.6m loss in 2021 as sales fell 17% to £38m.
The firm acts as an internal contractor for social housing provider Place for People, which bought the affordable housing contractor for £3m from Renew Group back in 2014.But after the run