Crest Nicholson lowers profit forecast as costs overrun at Farnham scheme

Construction site

Source: Shutterstock / Sirisak baokaew

Crest Nicholson has lowered its profit forecast to between £45m and £50m after its Brightwells Yard scheme in Farnham, Surrey incurred extra building costs of £11m, according to the housebuilder’s annual trading update.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.

Registered users and subscribers SIGN IN here to continue