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Laing O鈥橰ourke has revealed a 拢141.3m pre-tax loss at its UK construction business, as detailed accounts for the divison became available at Companies House.

Laing O鈥橰ourke Construction Limited said a 拢26.6m writedown on three projects won in 2013 in 鈥渁 particularly aggressive price-driven market鈥� and built through its offsite factory in the Midlands - Design for Manufacture and Assembly (pictured) - had contributed to the loss. Revenue edged up to 拢1.11bn, up from 拢1.02bn.

The results for the division to March last year come ahead of Laing O鈥橰ourke PLC posting results for the overall global business for this period.

Last month the firm鈥檚 chief executive and founder Ray O鈥橰ourke revealed the group had posted a 拢246m loss. The group results will be available in the coming days.

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In his letter to clients and staff last month, O鈥橰ourke said the 拢3bn-turnover contractor was having to report the major loss due to the impact of several problem jobs - including huge losses on a Canadian PFI hospital job, .

He added: 鈥淲e all know that when recession starts, our industry in particular enters a race to the bottom 鈥� regrettably Laing O鈥橰ourke joined in.鈥�

O鈥橰ourke wrote that the firm has taken steps to turn around its performance and was set to return to profit in the current financial year to March 2017.

He also set out plans for the firm to become a 拢4bn-turnover business within four years and restated the firm鈥檚 commitment to investing in off-site manufacturing.

He made no mention of the contractor鈥檚 planned sale of its 拢1.5bn-turnover Australian business - a process the firm kickstarted back in January this year but has since gone quiet - instead opting to highlight that the division 鈥渉as continued to perform well鈥�.

He added: 鈥淚n making this announcement, I want to assure all our stakeholders that our company is adequately financed, has returned to profit in FY17 and is therefore well-positioned to move forward from these less than satisfactory results鈥�.