London-focused housebuilder Galliard Homes has recorded a pre-tax loss of close to £13m.

The firm, which reported a turnover of £167m in the year to the end of March 2023, recorded a profit before exceptional charges of £10.8m, down 44% on its previous year’s annual profit.

After exceptional charges were deducted, however, it recorded a loss of -£12.9m, according to results filed to Companies House.