Watkin Jones stays in red as cost of redundancies tops £1m

By Dave Rogers2023-05-23T11:40:00

Firm axed around 40 jobs last autumn in wake of mini-Budget

Watkin Jones stayed in the red for the first half of the year although the build-to-rent and student housing specialist narrowed its losses consdierably from last time.

In half year results for the six months to 31 March, the firm this morning said pre-tax losses were £800,000 – down from £16.6m fpr the same period last year with that number affected by the company setting aside £28m to cover cladding remediation work on its buildings.

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