L&G Modular sinks to £30m loss

By Carl Brown2021-09-13T12:50:00

Firm still yet to share any income five years since launch.

Legal & General’s modular housing business has posted a loss for the fifth consecutive year, taking its total losses to £137m since 2016.

L&G Modular Homes, set up by the insurance giant to deliver 3,500-homes a year, made a pre-tax loss of £30.2m in the 2020 calendar year, according to its latest accounts. The total loss, once income tax credit has been taken into account, is £25.4m.

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