L&G continues investing money into their modular business with the aim of becoming a leader in modular housing in the UK. It has yet to turn a profit and in 2020 it reported a pre-tax loss of $4.03M, which followed a $40.8M loss the previous year.
Legal & General Modular Homes has housing developments in Selby, Littlestone, Bristol, Broadstairs and North Horsham, bringing its pipeline to 750 homes. From its factory in Sherburn in Elmet, in Yorkshire, Legal & General Modular Homes has ambitions to build 3,000 modular homes a year by 2024.
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Haven’t we been hearing those kinds of numbers from other modular home factories and yet none have yet to achieve it. Other companies looking for those kinds of numbers are ilke Homes which secured over $80.0M for expansion and Japanese giant Sekisui investing almost $25M in its UK operation.
L&G recently added an extra 350 people at the Sherburn in Elmet facility in anticipation of the UK’s push for more MMC housing.
Gary Fleisher is Editor in Chief of Modular Home Source. Email at [email protected]
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