25,000-home landlord wants sale by next spring or it will close factory down
Greensquare Accord has put it loss-making timber frame factory business Low Carbon Living Homes (LoCAL) up for sale as it focuses on strengthening its core social landlord services.
The 25,000-home landlord said in a statement that if no buyer is found it will close its Walsall factory by next April.
Greensquare Accord’s latest financial statements reveal LoCAL made a loss of £1.3m in 2024/25.
The Midlands-based association said the factory in the year “delivered 139 plots” on its own schemes with 236 delivered to other developers.
Mona Shah, chief finance and investment officer, said: “Our product has been used by housing providers on developments up and down the country - that is something to be proud of. However, the landscape has changed significantly and while it has been a difficult decision to exit, it is a necessary one.
“We have a strategic objective to simplify and strengthen our organisation to enable us to focus on our core offer and to realise our vision of being a great social landlord.”
Greensquare Accord’s accounts show the group fell into deficit for the year. It posted a deficit of £13.6m, compared to a surplus of £3.8m last year.
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