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Persimmon boosts forward sales revenue

27/04/2017 | By Pete Apps

One of the UK’s largest house builders has boosted its sales turnover by 11% this year, as sales increase and house prices rise.

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Investors: associations should publish half-yearly accounts

29/03/2017 | By Pete Apps

Housing associations should publish half-year accounts and report all market-sensitive disclosures on their website to comply with the needs of investors.

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Wates announces 17.1% rise in profits

20/03/2017 | By Pete Apps

A housing contractor has announced a 17.1% rise in profits to £35.5m in 2016.

house building

Bovis rejects two merger bids, but remains in talks with Galliford Try

13/03/2017 | By Sophie Barnes

Bovis Homes has rejected two merger bids from major house builders Redrow and Galliford Try, but will continue talks with Galliford Try.


Luminus made £235,000 loss from market sale

08/03/2017 | By Pete Apps

Luminus made a £235,000 loss from its open market sale developments as it booked a £6.5m deficit for the year, its previously unpublished accounts reveal.

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Global Accounts: associations' sales activity soars 39%

17/02/2017 | By Nick Johnstone

Just 10 housing associations were responsible for three-quarters of the sale activity carried out by UK landlords in 2015/16, while the total proceeds from such sales grew by 39%.


Cala on course for record profits

16/02/2017 | By Pete Apps

The house builder part-owned by giant institutional investor Legal and General (L&G) is set to deliver record profits and new homes, a trading update said.

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Profits and completions soar for Redrow

08/02/2017 | By Nathaniel Barker

House builder Redrow posted record pre-tax profits and a surge in completions in the second half of last year.


Kier set for 2,200 completions

27/01/2017 | By Pete Apps

House builder and contractor Kier Group is on track for more than 2,200 completions this year, a positive trading update revealed.

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Clarion reports sales 30% below target

25/01/2017 | By Nick Johnstone

Clarion Group, the UK’s largest social housing provider, has reported that its sales volumes have come in 30% lower than expected in the first three quarters of the financial year.

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Lakehouse slumps to £31.7m loss

24/01/2017 | By Tim Clark

Social housing contractor Lakehouse has posted a £31.7m operating loss for the year to September last year according to the firm’s annual results.


Grainger profits leap 64%

01/12/2016 | By Mark Smulian

Growing demand in the private rented sector has driven a 64% leap in pre-tax profit for residential landlord Grainger.

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Willmott Dixon sees 48% rise in pre-tax profits

28/11/2016 | By Simon Brandon

Construction firm Willmott Dixon has posted a 48% rise in half-year pre-tax profits to June.


Builder confident despite 'slowing' central London

14/11/2016 | By Pete Apps

One of the UK’s largest house builders has reassured investors that the housing market “remains resilient” following the EU referendum, despite a “softening” of prices in central London.


English associations’ sales income breaks £2bn

28/10/2016 | By Pete Apps

English housing associations generated more than £2bn through properties developed for sale last year, with the vast majority of the activity in London.

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Average margins rise to 28.3%

28/10/2016 | By Pete Apps

The average operating margin of the largest housing associations rose by one percentage point in the last year before rent cuts came into effect.


Northern Ireland sector operating surplus rises 15%

24/10/2016 | By Heather Spurr

Housing associations in Northern Ireland have reported a 15% increase in their combined operating surplus as they seek to strengthen their businesses in the face of welfare reform.


Increased sales income boosts Guinness' surplus

18/10/2016 | By Carl Brown

Guinness Partnership has reported a significant increase in income from sales as it boosted its post-tax surplus by 20%.

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Association reports £800k deficit

14/10/2016 | By Carl Brown

Incommunities made a deficit of £800,000 last year due largely to the costs of voluntary severance payments made to 92 staff.


Housing association's exit payments total £11.3m

13/10/2016 | By Pete Apps

A Sunderland housing association made compensation payments totalling £11.3m in the last financial year as it axed half its executive team and 330 staff.

Money, surplus, annual results, financial, finance, accounts

DCH books £27m surplus

11/10/2016 | By Pete Apps

A South West housing association has booked a surplus of £27m as it developed 557 homes last year.

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Paradigm reports £21.9m surplus

05/10/2016 | By Pete Apps

A South East housing association has recorded a boosted surplus of £21.9m and completed 542 new homes.


New Charter records surplus after 150 jobs axed

04/10/2016 | By Pete Apps

One of the North West’s largest housing associations has recorded a £3.6m surplus after shedding 150 jobs to deal with the impact of the 1% annual rent cut.

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East Thames boosts surplus ahead of merger

29/09/2016 | By Pete Apps

An east London housing association has recorded its largest-ever surplus of £28m ahead of its planned merger with L&Q.

accounts results statements financial

Genesis records £28.7m surplus

21/09/2016 | By Pete Apps

A north London based housing association has recorded a surplus of £28.7m for 2015/16, and built 314 new homes.


Peabody boosts surplus by £50m

20/09/2016 | By Pete Apps

Peabody has boosted its annual surplus by £50m to £116m for the year, as it built 1,080 new homes across London.


Orbit boosts surplus and beats homes target

20/09/2016 | By Pete Apps

Orbit boosted its surplus to £38.3m last year, as it invested the cash in completing a record 1,750 homes.

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Sovereign records £45m surplus ahead of merger

19/09/2016 | By Pete Apps

A large South West housing association has reported a £45m surplus as it prepares to complete a mega-merger before the end of the year.

accounts results statements financial

Galliford reports record profits

14/09/2016 | By Pete Apps

Galliford Try has reported record profits of £135m, a rise of 18%, after completing 5,204 new homes.

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Midlands landlord hits back over cost analysis

13/09/2016 | By Chloe Stothart

A major Midlands landlord has hit back at the regulator over its cost analysis of the sector, claiming it does not account for large care and support businesses.  

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Barratt reports 20% rise in profit

07/09/2016 | By Pete Apps

Britain’s largest house builder has upped its pre-tax profit 20.7% to £682.3m, after completing 17,319 homes in a year.

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Association records £8.8m surplus

30/08/2016 | By Pete Apps

A 6,500-home housing association has reported an £8.8m surplus for the last financial year, a small dip on its previous figure.

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Confidence returns following Brexit wobble, says Persimmon

23/08/2016 | By Pete Apps

One of the UK’s largest house builders says confidence has returned to the sales market after “modest” jitters following the EU referendum in June.


Association slashes £18m following rent cut

19/08/2016 | By Pete Apps

A housing association has put an £18m savings programme in place after the rent cut blew a £12.5m hole in its business plan.

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Network trebles income from market sales

17/08/2016 | By Pete Apps

A 20,000-home London-based housing association will report an underlying surplus of £103m after more than trebling its income from market sales.

accounts results statements financial

Mears reports dip in profits

16/08/2016 | By Pete Apps

A major housing and care contractor has announced a slight dip in profits in the first six months of the year, describing the care business as “challenging”.

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Association plans housebuilding increase following rate cut

15/08/2016 | By Sophie Barnes

A housing association plans to increase the number of homes it builds because of the interest rate cut announced by the Bank of England.

balance sheet

Bellway reports 27% increase in revenue

05/08/2016 | By Carl Brown

Bellway has reported a 27% increase in revenue and says demand remains strong despite the Brexit vote.


Surplus slips at large Welsh landlord

04/08/2016 | By Pete Apps

One of the largest housing associations in Wales has recorded a slightly decreased surplus as it continues work to bring its housing stock up to Welsh housing standards.

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Amicus Horizon books £39m surplus

03/08/2016 | By Pete Apps

A London housing association has booked a £39m surplus from a turnover of £171m.


Family Mosaic records £75m surplus

02/08/2016 | By Pete Apps

A London housing association has increased its surplus to £75m, as it continues to keep rents at traditional social housing levels.

merger - big fish swallows little fish

Sanctuary makes offer to 'struggling' landlords

02/08/2016 | By Pete Apps

One of the largest housing associations in the UK has made an open offer to take over “struggling” organisations, as it publishes its annual financial statements.

Stock market

Lakehouse issues further profit warning

02/08/2016 | By Pete Apps

A social housing contractor has issued a £4m profit warning to investors following boardroom turbulence earlier this year.

balance sheet

Affinity Sutton records 15% surplus increase

20/07/2016 | By Carl Brown

Affinity Sutton has recorded a 15% increase to its surplus and maintained its high operating margin as it continues to prepare for its ‘mega-merger’ with Circle.

Ilo of small model builders

Leading house builder moves to calm fears over Brexit

05/07/2016 | By Gavriel Hollander

A leading house builder has sought to calm fears over the housing market following the vote to leave the EU last month.

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Money, surplus, annual results, financial, finance, accounts

L&Q generates record £274m surplus

04/07/2016 | By Gavriel Hollander

L&Q has generated a surplus of £274m for the 2015/16 financial year, breaking its own record for the sector.

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Bank waives LOBO loan interest rate hikes

23/06/2016 | By Gavriel Hollander

Barclays has agreed to waive its option to increase interest rates on a set of loans taken out by housing associations in the wake of the financial crisis.

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Berkeley Group records profit of £479.9m

15/06/2016 | By Pete Apps

A major house builder has announced profit of almost £500m this year, amid a warning from its chair that the EU vote will be “significant” for the housebuilding sector.


Housing associations reduce overheads

06/06/2016 | By Pete Apps

Housing associations have reduced their overhead costs relative to turnover over the last six years, according to new research.

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Relief for housing associations over loan confusion

03/06/2016 | By Heather Spurr

A disagreement over accountancy rules that could have added billions of pounds of debt to associations’ accounts, has been averted following a ruling by the financial watchdog.

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ONS’ grant correspondence revealed

27/05/2016 | By Carl Brown

The Treasury asked the Office for National Statistics (ONS) for information about its review of how to classify social housing grant, Inside Housing can reveal.

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Welsh associations record joint £76m surplus

24/05/2016 | By Pete Apps

The largest housing associations in Wales recorded a joint surplus of £76m and built 89% of the country’s affordable housing in 2014/15.

Stock market

Association reports 28% surplus boost to markets

24/05/2016 | By Pete Apps

A housing association has reported a 28% increase in surplus, after issuing preliminary results to the stock markets for the first time.

Money, surplus, annual results, financial, finance, accounts

Mitie grows profit in 'year of two halves'

23/05/2016 | By Pete Apps

A major contractor has grown its operating profit from property management to £15.8m, despite a “year of two halves” in its social housing business.

For use in Inside Housing, 20 May 2016

Using headroom to the max? Video

20/05/2016 | By Keith Cooper

Councils were left with £2.9bn of borrowing headroom to build new homes, following a deal with the government in 2012. Keith Cooper investigates why dreams of a large-scale return to direct development have not come to pass.

Sanctuary Group secures European Investment Bank funding

House builder boosts profits

10/05/2016 | By Pete Apps

A house builder boosted its pre-tax profits by 69% to £31m in 2015, after building 1,500 homes in London and the South East.

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Builder warns of planning delays

14/04/2016 | By Pete Apps

One of the UK’s largest house builders has increased its cash from sales to £2.15bn, but warned planning delays are hindering its efforts to build more.

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Wates reports increased profits

06/04/2016 | By Alex Berry

A construction firm has reported a 26% increase in its pre-tax profits in its year end accounts.

Mears van

Care business causes Mears profit drop

15/03/2016 | By Pete Apps

A social housing contractor has seen its profits fall by 12% following the acquisition of a loss-making care business.

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Just when you thought it was safe to go back in the water… Video

11/03/2016 | By Nick Duxbury

Just when you thought it was safe to go back in the market… Nick Duxbury investigates the hidden risks of building more homes for sale