Persimmon writes-off £25m investment in TopHat

Persimmon has written-off the £25m it invested in modular house builder TopHat last year.
In its latest results Persimmon said the decision was due to “a re-assessment of risks within the modular build sector”.
But Persimmon is continuing to work with TopHat as it looks to boost output at its offsite Brickworks, Tileworks and timber frame Space4 factories.It said: “We originally invested in the TopHat business because of its industry-leading facade product.“While th