L&G Modular falls to sixth successive loss

By Joey Gardiner2022-09-30T11:24:00

Business has now racked up £174m of losses since inception

The modular housebuilding arm of insurance giant L&G has stayed in the red for the sixth consecutive year with a £37m pre-tax loss – despite finally reporting sales revenue for the first time.

According to accounts filed at Companies House, L&G Modular recorded a pre-tax loss of £36.8m for the 2021 calendar year, an increase on the £30.2m loss reported in 2020, on turnover of £12.2m – its first recorded revenue.

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