Covid and cladding costs send Watkin Jones profit tumbling

By Dave Rogers2021-01-19T08:09:00

Watkin Jones Hove Gardens - External C01

Firm pays back £800,000 furlough cash

Student accommodation and build to rent specialist Watkin Jones said a provision of £21m to cover the costs of covid-19 and cladding remedial work helped send full-year pre-tax profit down by nearly half .

The firm said it had forked out nearly £6m because of disruption caused by the pandemic while cladding replacement costs had hit £14.8m.

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