L&G Modular woes continue as firm sinks further into red to take losses close to £300m

By Carl Brown2023-11-06T12:03:00

Insurance giant racks up £120m hit on business last year

L&G Modular has posted a pre-tax loss of more than £120m last year.

The latest losses for the firm, which has closed its factory in North Yorkshire and is winding down its operations, comes on top of a combined £174m of losses in the seven years since it was founded.

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