Bellway sees post-Grenfell building safety bill hit £514m

House builder Bellway set aside another £346.2m in its latest results for post-Grenfell cladding and safety improvements bringing its total bill to £513.7m.
The firm has set up a new Building Safety Division to oversee remediation of legacy schemes.
Results for the year ended July 31 2022 show Bellway made a pre-tax profit of £304.2m after the provisions from a turnover of £3,536m at an underlying gross margin of 22.3%.Housing completions grew by 10.5% to a record 11,198