Avant Homes makes £109m loss

Regional house builder Avant Homes has racked up pre-tax losses of £108.9m from a turnover of £500m.
Latest accounts for the firm’s holding company for the period to June 30 2023 reveal a string of exceptional items associated with building safety measures and costing errors on previous developments.
Finance costs for loans also racked up as interest payments hit £87.8m during the year.
Avant Homes is run by ex-Persimmon chief Jeff Fairburn.The firm was acquired in 2021 w