Latest accounts for the Dartford-based group show losses widened sharply in the year to 30 September 2025 from £1.0m last time as turnover also fell 14% to £52m from £61m.

Revenue has fallen sharply since pre-Grenfell disaster levels that stood around £250m for the group.

Rydon said its maintenance arm continued to deliver housing and healthcare work under long-term contracts, giving the business a measure of certainty despite rising price pressure.

But the group’s construction arm remained focused on meeting its obligations under the Government’s Responsible Actors Scheme.

Rydon said it has now spent £31m on building safety liability costs and was well advanced with the programme.

The group’s balance sheet tightened during the year, with shareholders’ funds falling to £0.5m from £4.5m.

Cash dropped to £0.9m from £3.3m, while total assets less current liabilities fell to £15m from £27m.

Forward workload at Rydon Maintenance also reduced to £156m from £190m.