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Persimmon writes-off £25m investment in TopHat

Persimmon has written-off the £25m it invested in modular house builder TopHat last year. In its latest results Persimmon said the decision was due to “a re-assessment of risks within the modular build sector”. But Persimmon is continuing to work with TopHat as it looks to boost output at its offsite Brickworks, Tileworks and timber

Conlon Construction sold to staff

Preston-based Conlon has moved to an Employee-Ownership Trust. The move sees Conlon Holdings Limited – including Conlon Construction – now owned by its 72 staff. The formerly family-owned firm was established in 1961 when the ‘founding fathers’ – the five Conlon brothers – were working on The Preston Bypass which is now the M6. Chairman,

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