L&Q’s completions during the current financial year have fallen by over a third to 1,902, compared to the 3,007 completions it reported in the third quarter of the 2022/23 financial year, its unaudited trading update for the period ending 31 December 2023 has revealed.

The figures consist of 1,236 completions for social housing tenures and 666 completions for market sale.

In the period from 31 March to 31 December 2023, 351 new build homes commenced on site. During the same period in previous financial year, L&Q made 1,974 starts on site.