Fire safety provisions push Durkan to £9.3m loss

South East housing contractor and developer Durkan plunged to a £9.3m pre-tax loss last year after provisions for legacy fire safety remediation works.
The business also experienced margin and turnover decline at an operational level due to economic headwinds.
Group turnover of £132m (2021:£137.5m) fell short of initial forecasts for the year with delays to project start dates due to cost inflation pressures and programme movements.
Durkan also took the decision not to progress