Crest Nicholson’s earnings before tax fall by 722% after remediation charge hits
House builder Crest Nicholson has reported a loss before tax of £143.7m, down from a profit of £23.1m in 2023.
www.insidehousing.co.ukHere are the latest publicly reported updates on Crest Nicholson as of today.
- Profit guidance and covenant14-relief: Crest Nicholson warned of a materially weaker year ahead, cutting its 2026 earnings guidance and signaling potential covenant-relief talks with lenders. This follows softer land activity and higher cost inflation in a challenging housing market.
- Market reaction and shares: News outlets noted a decline in Crest Nicholson’s shares as investors digested the reduced guidance and the impact on margins and cash flow.
- Recent financial disclosures: Crest Nicholson has previously disclosed remediation provisions tied to legacy fire safety issues, impacting earnings and capital expenditure plans, with ongoing remediation activity expected to run for several years.
- Company communications: The group has continued to publish updates through its own investor news portal, summarizing quarterly and annual results, development releases, and strategic outlook.
- Related coverage: Industry outlets have tracked Crest Nicholson’s leadership changes and strategic shifts as part of broader efforts to restore profitability and operational discipline.
If you’d like, I can pull the most recent investor releases or summarize the key numbers (EBIT, net debt, unit guidance) in a quick, at-a-glance table. I can also provide links to the original sources or a short timeline of events.