High-rise off-site manufacturing firm Vision Modular Systems saw its profit fall back by 25% last year as it suffered from the impact of increasing costs.

The modular housebuilder, which is behind some of the most high-profile off-site schemes in the UK, including Greystar’s 44-storey George St towers in Croydon, reported pre-tax profit for the year to November 2021 of £5.2m, down from £6.9m in 2020.

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