London developer Mount Anvil sees annualised pre-tax profit rise to £10.4m after setting aside £14m for building remediation work.
London residential developer and contractor Mount Anvil Group has reported a 24 per cent increase in annualised pre-tax profit, reaching £10.4m for the 12 months ending 31 March 2026. The financial results come despite the business absorbing a £14m provision set aside specifically to cover building remediation and cladding works.
Statutory turnover for the period stood at £184.5m, reflecting a dip linked to project timing and financial set-asides. The £14m safety provision highlights the ongoing financial impact of post-Grenfell fire-safety mandates across the multi-occupancy residential sector, as developers continue setting aside capital to rectify legacy structures.
Despite the substantial liability, the growth in pre-tax profit underlines underlying demand for London residential developments, even as safety regulations require significant capital allocation.
What does this mean for a UK tradesperson or DIYer actually buying this kit — does it change what they should pay, buy, or watch out for?
For tradespeople and sub-contractors, substantial remediation provisions signal sustained, multi-year demand for specialized fire-stopping products, non-combustible insulation, structural cladding, and rated fixings. While this high corporate spend will not instantly alter retail prices at B&Q, Wickes, or local builders' merchants, it ensures high demand across the supply chain for compliant fire-safety materials. Sub-contractors operating in high-rise residential refurbishment should ensure they are sourcing fully certified, fire-rated building products directly through accredited trade distributors, as compliance scrutiny on remediation jobs remains extremely high.
Reported by Construction News — original article
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