Restorative expenses install for Rydon
Almost 7 years on, consequences of the Grenfell Tower fire continue to be felt throughout the market, not least at the business that set up the deadly cladding systemOutcomes submitted by Rydon Group reveal that in the year to 30th September 2023 it made a pre-tax loss of ₤ 9.1 m (2022: loss ₤ 5.9 m) on turnover of ₤ 47.5 m (2022: ₤ 51.9 m).
Moms and dad business Rydon Group Holdings made a pre-tax revenue of ₤ 600,000 (2022: ₤ 6.2 m) on turnover of ₤ 61m (2022: ₤ 91m), thanks to the addition of Rydon Homes, that made an earnings of ₤ 11m before tax on turnover of ₤ 15.8 m.
Rydon no longer runs as a style and construct professional, aside from in relation to run-off or tradition tasks.
"In relation to tradition jobs, Rydon Construction has actually been and is continuing to deal with f...