Crest Nicholson hit by more build defect problems

Crest Nicholson has discovered build defects on another four completed sites which could cost the company £15m.
The house builder revealed another set of legacy contract problems in a trading update to the city this morning.
It said: “Since the publication of the FY23 results, the Group has become aware of certain build defects predominantly on four sites that were completed prior to 2019 when the Group closed its Regeneration and London divisions.
“These sites will require rem