Crest Nicholson PLC to resume work next week after new government guidance


Holdings PLC () has said it is to start a controlled re-opening of its construction sites from May 18 following new government guidance.

All the housebuilder’s sites and operations have been shut since early April.

Reservation levels have been impacted by coronavirus (COVID-19) it added, though it said there have been moderate numbers of new sales and some legal completions during the lockdown.

Net debt has risen due to the impact of the virus and a strong contribution from joint ventures and partnerships in the comparative half-year.

As of April 30, ‘s net debt was £93.6mln against holdings of £255.2mln, which the group said reflected good receipt collections, disciplined build spend and deferrals of land acquisitions.



Read MoreCrest Nicholson PLC to resume work next week after new government guidance

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