Willmott Dixon has set aside an additional £5.4m to “draw a line” under the financial uncertainty related to cladding and fire protection issues with buildings it previously completed.
The figure, revealed by group chairman Colin Enticknap, in the firm’s annual results for the year to 31 December 2020, takes the total amount set aside by Willmott Dixon to deal with cladding issues on completed buildings to £10.3m.
It said the total figure reflected “our view on the group’s liability net of insurance recoveries to settle all claims”.
Register for free and continue reading
This is not a paywall. Registration allows us to enhance your experience across Construction Management and ensure we deliver you quality editorial content.
Registering also means you can manage your own CPDs, comments, newsletter sign-ups and privacy settings.
