Key facts
- Durkan is withdrawing from its contracting business after over 50 years.
- The company cited heightened risk, declining returns, and increasing legislative/regulatory burdens for the exit.
- Durkan reported a £10.9 million pre-tax loss for the year ending November 30, 2025.
- Exceptional fire-safety remediation costs were £19.3 million in the year.
- Durkan's contracting revenue fell 13% to £86.8 million.
- Durkan's regeneration business revenue increased 43% to £28.7 million.
Housebuilder Durkan has announced its strategic decision to withdraw from its traditional contracting business after more than 50 years, citing "heightened risk and declining returns" driven by an increasing legislative and regulatory burden. The company will now concentrate on its regeneration and housebuilding operations.
Durkan Holdings reported a pre-tax loss of £10.9 million for the financial year ending November 30, 2025, a widening from £7.5 million in the previous year. Revenue from the group's contracting business fell 13% to £86.8 million, while its housebuilding arm completed 68 homes, down from 145 in the prior year, attributed to planning challenges and capital constraints. In contrast, revenue from its regeneration business, Durkan Regen, increased by 43% to £28.7 million.
The company incurred £19.3 million in exceptional fire-safety remediation costs during the year, compared to £15 million in 2024. Durkan is involved in a court case concerning remediation costs at Centrillion Point in Croydon, where it has agreed to pay half of a £13.5 million Remediation Contribution Order. The firm's accounts reflect ongoing costs related to legacy projects and changes in fire-stopping regulations following the Grenfell Tower fire.