Profit at Vision Modular drops by a third

HTA Design_Ten Degrees Croydon_construction1 (1)

Offsite housing pioneer calls 2020 performance satisfactory in ’extraordinary times’

High-rise modular housing manufacturer Vision Modular System saw a sharp reduction in turnover and profit in the year to November 2020 as it grappled with the impact of the pandemic, according to results filed at Companies House.

The firm, which is behind a wide range of high-profile modular housing projects in the capital including the tallest modular towers in Europe in Croydon, said it made a pre-tax profit of £6.9m on turnover of £64.4m, with the revenue figure down 27% on the £87.8m reported in 2019.

Login or Register for free to continue reading Housing Today

To continue enjoying housingtoday.co.uk, REGISTER FOR FREE

Already registered? Login here

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Sign up below to receive:

  • Breaking industry news as it happens
  • Gain access to Housing Today’s Specialist CPD modules
  • Expert News and analysis

It takes less than one minute….

Join the Housing Today community - REGISTER TODAY

… or subscribe for full access - Subscribe now