Rydon dogged by legacy fire safety remediation costs

Legacy fire safety work continues to be a drag on Rydon Group’s financial performance.
Revenue across the parent group fell by nearly a third last year to £64m with the group managing to generate a £560,000 pre-tax profit following a £11m contribution from Rydon Homes.
Rydon Construction, which has been wound down with the exception of working through existing legacy contracts, suffered a £9.7m loss (2022:  £3.9m loss) from £0.6m revenue in the year