Hansom: Where the money is

By Hansom2018-08-24T06:00:00

Accountants charge up to £1,156 an hour to sort out Carillion, and an MP gets on stage to prove once again that politics is just showbusiness for ugly people

Home truth

Lindum chairman David Chambers has an interesting take on housebuilders. “A lot of good companies like Taylor Woodrow and Wimpey used to be in construction – and sold out,” he told my hack. Contractor Lindum Homes has built about 60 homes a year for the past two decades and Chambers admits the 12% margin is around 10 times that which its contracting arm makes. I guess it’s not hard to see why some firms gave up on contracting, though the cynic in me might add that, for those that remain, at least they’re not building the same thing over and over and over again…

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