Crest Nicholson has made around 50 redundancies, closing its Chiltern office in December as it shifts towards the “mid-premium” market while confirming profit below previous guidance for its full year. Announcing its preliminary results for the year ending October 31 2025, the housebuilder said it had performed in line with its November update. Adjusted pre-tax profit for the year was £26.5 million, 30.5% up on the equivalent period of 2024 but below the original guidance range of between £28 million and £38 million.