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Housing downturn hits family-owned groundworks firm

M Lambe Construction has fallen into the red amid slow demand for new housing, according to its latest accounts. The family-owned civils and groundworks specialist reported a £429,659 pre-tax loss from turnover of £95.1m for the year ended 31 October 2024. Revenue fell by 8.6… The post Housing downturn hits family-owned groundworks firm appeared first […]

M Lambe Construction has fallen into the red amid slow demand for new housing, according to its latest accounts. The family-owned civils and groundworks specialist reported a £429,659 pre-tax loss from turnover of £95.1m for the year ended 31 October 2024. Revenue fell by 8.6…

The post Housing downturn hits family-owned groundworks firm appeared first on Construction News.

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