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Onward Group returns to surplus despite contractor failure costs
North west association in charge of 35,000 homes forced to write-down value of development schemes
Onward Group has returned to surplus despite having to write-down the value of two development schemes due to contractor failure.
The 35,000-home north-west landlord made a surplus of £10.7m, compared to a £22.5m loss the previous year, which was impacted by a £36m one-off loan breakage cost linked to Contour Homes joining the group.
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