Crest Nicholson has affirmed reports that new chief executive Peter Truscott is casting aside its target to build 15% of homes using offsite manufacturing.

The firm said in its final results statement that offsite manufacture – which it refers to as OSM – was “some way from being a mature model that we can quickly transition to”, but stopped short of saying it would end its use of the technology, saying it would work with government on the issue.