Rydon sets aside £27m for Grenfell civil claims settlement as losses mount

By Tom Lowe2023-07-06T11:14:00

Turnover plunged by more than half last year as construction arm pulls out of design and build market

Grenfell Tower contractor Rydon made a provision of more than £27m to cover the cost of a settlement with more than 900 people affected by the 2017 blaze.

The group revealed in its latest accounts for the year ending 30 September 2022 it had set aside the sum ahead of the civil claims settlement with survivors and bereaved family members, which was reached in April this year.

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