Trusted media brand of the Chartered Institute of Housing
Trusted media brand of the Chartered Institute of Housing
Boss of partnerships housebuilder blames poor performance on too rapid expansion and modular facilities
Partnerships housebuilder Countryside is cutting staff and reviewing “all options” for its new MMC factories after a review of the business found the firm had failed to manage recent rapid expansion.
Countryside said in an update to the city it was merging two unprofitable regional businesses in with neighbouring regions and was “lowering the cost base” of the business at regional and group level, after encountering operational problems in the North and failing to realise the benefits of the 2018 acquisition of Westleigh.
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