L&G’s failed modular housing business records £61.1m loss as it continues phased wind-down

By Daniel Gayne2024-09-30T12:33:00

Firm’s cumulative losses now total more than £350m

Insurance giant Legal & General’s (L&G) failed modular business made a further pre-tax loss of £61.1m in 2023.

The business, known as L&G Homes Modular Limited, is in the process of a phased wind-down after its parent company decided in May last year to cease production.

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