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Housing Today
Trusted media brand of the Chartered Institute of Housing
Bust housing business subsidiary owes Rydon £5m, say administrators
Covid and inflation brought down Real Contracting Group
Property firm Rydon is owed almost £5m by a subsidiary of the partnerships housing business created when it divested from contracting work in 2021.
Founded by ex-Wates residential boss Paul Nicholls, Real Contracting Group took over Rydon’s building divisions in the south-west and south-east.
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