The UK arm of Irish insulation giant Kingspan incurred a write-down of €108.3 million on its investments in subsidiary firms in 2024, according to new company documents. The Co Cavan-headquartered group, which globally recorded a trading profit of €907 million on revenues of €8.6 billion last year, operates in a wide array of markets in Britain, including insulation, water and energy, and data centres. Its UK holding entity Kingspan Group Limited incurred an impairment of €67.4 million on its structural and off-site business, which specialises in so-called modern methods of construction, with the company developing products like its TEK structural…

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