{"id":5940,"date":"2025-06-12T07:47:09","date_gmt":"2025-06-12T07:47:09","guid":{"rendered":"https:\/\/cita.co.uk\/news\/?p=5940"},"modified":"2025-06-12T07:47:09","modified_gmt":"2025-06-12T07:47:09","slug":"crest-nicholson-returns-to-profit","status":"publish","type":"post","link":"https:\/\/cita.co.uk\/news\/crest-nicholson-returns-to-profit\/","title":{"rendered":"Crest Nicholson returns to profit"},"content":{"rendered":"<p>Crest Nicholson is back in the black after big losses last year driven by provisions for fire safety remediation work.<\/p>\n<p>The house builder is also reaping the benefits of a transformation strategy targeting the mid-premium market led by new CEO <span class=\"aed\">Martyn Clark.<\/span><\/p>\n<p>Results for the six months to April 30 2025 show pre-tax profits of \u00a39.4m from a \u00a330.9m loss last time on revenue down slightly to \u00a3249.5m from \u00a3257.5m.<\/p>\n<div class=\"ad-mpu ad-mpu-inline\">\n<div class=\"sleeve\"><a data-ad-id=\"497595\" href=\"http:\/\/www.constructionenquirer.com\/wp-content\/themes\/constructionenquirer\/adclick.php?url=https%3A%2F%2Fwww.pragmatic-consulting.co.uk%2Fcourses%2F%3Futm_source%3Dconstruction-enquirer%26utm_medium%3Dbanner%26utm_campaign%3Dconstructionenq-ads\" target=\"_blank\" onclick=\"track_ad_click(this);\"><img decoding=\"async\" src=\"https:\/\/www.constructionenquirer.com\/wp-content\/uploads\/Construction Enquirer - Pragmatic C MPU.gif\"\/><\/a><\/div>\n<\/div>\n<p>Crest Nicholson set aside \u00a3132m last year for fire safety work but is now clawing back some of that cash from supply chain firms with \u00a311.8m recovered during the period.<\/p>\n<p>Structural changes continued following the closure of the London and Regeneration divisions with the merger of the Midlands and Yorkshire operations helping achieve a 6% reduction in administrative overheads.<\/p>\n<p>Clark said: &#8220;We have launched a comprehensive transformation programme to drive the delivery of our new strategy repositioning Crest Nicholson firmly in the mid premium segment.<\/p>\n<p>&#8220;There remains much to do, but I am pleased with the start we have made.<\/p>\n<p>&#8220;I remain confident that with our experienced management team and dedicated workforce, we are well positioned to benefit as the market improves, reshape the business for long-term success.&#8221;<\/p>\n<div class=\"ad-mpu ad-mpu-inline\">\n<div class=\"sleeve\"><a data-ad-id=\"439734\" href=\"http:\/\/www.constructionenquirer.com\/wp-content\/themes\/constructionenquirer\/adclick.php?url=http%3A%2F%2Fwww.intersteels.com%3Futm_source%3Dconstruction-enquirer%26utm_medium%3Dbanner%26utm_campaign%3Dconstructionenq-ads\" target=\"_blank\" onclick=\"track_ad_click(this);\"><img decoding=\"async\" src=\"https:\/\/www.constructionenquirer.com\/wp-content\/uploads\/Retro-FitsteelspecialistsGIF-ezgif.com-resize.gif\"\/><\/a><\/div>\n<\/div>\n<div class=\"ad-mpu ad-mpu-inline\">\n<div class=\"sleeve\"><a data-ad-id=\"478038\" href=\"http:\/\/www.constructionenquirer.com\/wp-content\/themes\/constructionenquirer\/adclick.php?url=https%3A%2F%2Fwww.creaghconcrete.co.uk%2F%3Futm_source%3Dconstruction-enquirer%26utm_medium%3Dbanner%26utm_campaign%3Dconstructionenq-ads\" target=\"_blank\" onclick=\"track_ad_click(this);\"><img decoding=\"async\" src=\"https:\/\/www.constructionenquirer.com\/wp-content\/uploads\/CE_Creagh.gif\"\/><\/a><\/div>\n<\/div>\n<p>from Construction Enquirer https:\/\/ift.tt\/2yMsLDK<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crest Nicholson is back in the black after big losses last year driven by provisions for fire safety remediation work. The house builder is also reaping the benefits of a transformation strategy targeting the mid-premium market led by new CEO Martyn Clark. Results for the six months to April 30 2025 show pre-tax profits of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":155,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[9],"class_list":["post-5940","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-construction-enquirer"],"_links":{"self":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/5940","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/comments?post=5940"}],"version-history":[{"count":1,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/5940\/revisions"}],"predecessor-version":[{"id":5941,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/5940\/revisions\/5941"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media\/151"}],"wp:attachment":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media?parent=5940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/categories?post=5940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/tags?post=5940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}