L&G modular homes amassed loss hits £359m

L&G is still counting the cost of its abortive foray into modular housing as it closes out the last remaining live projects.
Latest accounts for the year to December 2023 show the L&G Modular Homes business reported a further £44m pre-tax loss stemming from the decision to close its modular factory near Selby in June 2023 and build out three remaining sites.
The latest figures take the total reported pre-tax loss amassed over eight years to £359m.
L&G Homes Modular report