US EditionConstruction Jumps but Cladding Costs Push Taylor Wimpey Into the Red
ENGLAND, UNITED KINGDOM, JUL 30 – Taylor Wimpey’s £92 million loss stems from a £222 million cladding provision, plus £38 million in site costs and £18 million related to a UK competition law investigation.
- Taylor Wimpey plunged to a half-year pre-tax loss of £92.1 million for the six months to June 29, 2025, in the UK housing market.
- The loss followed a £222.2 million charge for removing combustible cladding from high-rise buildings, stemming from the 2017 Grenfell Tower fire tragedy.
- Despite reporting a loss, Taylor Wimpey significantly increased the number of homes completed in the first half of 2025, constructing 5,264 units compared to 4,728 in the same period last year.
- The firm also absorbed an £18 million payout following a UK competition probe that concluded with a £100 million ‘package of commitments’ across seven housebuilders.
- Taylor Wimpey expects full-year operating profits of £424 million in 2025 and maintains UK completions guidance between 10,400 to 10,800 homes despite softer market conditions and affordability constraints.
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Taylor Wimpey loss of £92m recorded in the wake of cladding safety issues
The last few months have been a large hit for the company as issues with cavity barriers have caused headaches and losses The Taylor Wimpey loss has been caused by a hit of £222m in identified issues with cavity barriers in brickwork and render. The loss of £92m is pre-tax and represents the six months to 29 June, after the company reported a £100m profit in the last half. £222m is the current best guess at remediation costs £145m represents cos…
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