Finance

Crest Nicholson lowers profit forecast as costs overrun at Farnham scheme

By 2023-11-16T10:43:00

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.

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