The British government subsequently wanted developers to pay to bring buildings into line with the new standards, even where they had complied with previous rules. Estimates of the total bill to the industry run to £4 billion.
He said the group had completed “extensive remedial works” on a number of buildings. “We have ensured that none of our residential leaseholders have had to make any contribution towards any fire-safety related remedial works or any temporary measures undertaken,” he added. Net assets fell to £183 million on March 31st this year from £217 million 12 months previously, the consolidated balance sheet shows. The company did not pay any dividends.
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