Watkin Jones takes £8.7m hit but eyes brighter 2026

Watkin Jones has slumped to an £8.7m pre-tax loss after another year of impairments and slow deal flow.
But the developer insisted the worst of the downturn was now behind it as forward-sold revenue and a £2bn pipeline stack up for 2026 and beyond.
Revenue fell 23% to £280m in the year to September and margins tightened as three to four-year-old legacy schemes worked through the system, while a £7.1m impairment on two assets and a £5m top-up to building-safety provi