The modular housing business of insurance giant L&G has reported another huge loss in 2019 accounts – taking the firm’s total pre-tax losses since inception to over £100m.

L&G Modular, set up by the firm in 2016 to produce 3,500 factory-built homes a year, fell to a pre-tax loss of £30.6m for the 2019 calendar year, without reporting any revenue.

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