Published on: May 19, 2020

Resilient finances as construction restarts

Residential for rent developer and manager Watkin Jones confirms in today’s interim results that it has started a phased return to construction and has the financial resilience, including gross cash of £72m and £71m headroom on its new RCF, to return to growth and “take advantage of economic opportunities that may arise” in the fall-out from the Covid-19 lockdown. The results show increases in revenue, profit and pipeline in a sector which could be transformed following the lockdown.

Related Content