Kent housebuilder falls to £27m pre-tax loss

Kent-based partnerships housebuilder Chartway has fallen to a pre-tax loss, according to its latest annual results.

The firm said its accounts covered the 18 months to 30 November 2025, having been extended from the end of May “to align the Company’s reporting period with the revised financing arrangements and changes in ownership structure”.

Last November, investor PGIM bought the business from previous owner, private equity firm Cabot Square Capital, and its management for an undisclosed sum.

Over the period, Chartway made a pre-tax loss of £27m, compared with a £22m pre-tax profit in the 12-month period the year prior.

It said “several contracts [had] mov[ed] to loss-making positions as a result of market pressures”.

The firm added that it racked up £14.5m of exceptional costs during the period which included £1.5m of restructuring costs and £1.8m of legacy site costs and provisions.

Turnover during the 18 month period was £118m compared to the £101m posted for the year before.

But the firm said “there are a number of positive signs in the market” and added the government’s plan to spend £39bn on affordable housing, announced last summer, was “potentially transformative to the affordable housing market and extremely positive to the Chartway Group”.