Results

MONEY POUND COINS 394px

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.

MONEY 394px

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.

building

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.

CAPITAL RETURNS 394px

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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CONSTRUCTION 394px

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.

surplus

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.

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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%.

accounts results statements financial

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.

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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.

accounts results statements financial

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.

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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.

accounts results statements financial

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.

kerslake

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.

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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.

accounts results statements financial

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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cost

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.  

CASH 394px

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.

accounts results statements financial

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.

Stock pic of cranes

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.

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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.

accounts results statements financial

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”.

MONEY 394px

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.

ACCOUNTS 394px

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.

CASH 394px

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.

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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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Barclays

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.

Stock pic of pre-decimal cash till

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.

cost

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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Stock pic of calculator

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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ACCOUNTING 205px

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.

National flag of Wales

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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building homes

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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money

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

Stephen teagle

Affordable housing revenue falls amid profit rise

25/02/2016 | By Heather Spurr

A major house builder has posted a 15% boost in profits to £53m, but recorded a fall in affordable housing revenue due to uncertainty after the Budget.

money

Barratt announces 34% profits boost

24/02/2016 | By Pete Apps

Barratt Developments has reported a profit of more than £300m and the completion of 7,626 homes for the six months leading up to December.

KATE DAVIES SEPT 2015

Commercial compassion

24/02/2016

Housing associations should be celebrated as both successful businesses and caring enterprises, says Kate Davies

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funding

Lovell increases revenue in results

23/02/2016 | By Corin Williams

Morgan Sindall Group’s affordable housing division Lovell has reported a 29% revenue increase.

Pentwyn, Cardiff

Persimmon announces profit boost and 14,500 completions

23/02/2016 | By Pete Apps

One of the UK’s largest house builders has completed more than 14,500 homes in the year as it swelled its profits by 34% to £637.8m.

house building new homes

Bovis reports record profits and near 4,000 completions

22/02/2016 | By Pete Apps

One of the UK’s largest house builders has boosted its profits by 20% to a record £160.1m, while completing almost 4,000 homes.

Stock pic of cranes

Redrow announces increased completions

09/02/2016 | By Carl Brown

Redrow has announced an 18% increase in completions in the first half of 2015/16, citing the government’s Help to Buy scheme as a factor in helping demand.

housing money  house 559

Persimmon announces increase in completions

07/01/2016 | By Carl Brown

One of Britain’s largest house builders has announced an 8% annual increase in completions.

Calculator

Levy to cost HA sector millions a year

08/12/2015 | By Jonathan Bunn

The government’s new Apprenticeship Levy will cost the UK’s 30 largest housing associations a total of £7.4m a year, exclusive research by Inside Housing has found.

Stock pic of cranes

House builder eyes £2bn profit

04/12/2015 | By Pete Apps

One of Britain’s biggest house builders claims it is on track to deliver pre-tax profit of £2bn over the next three financial years.

Planning - use me

Council to force viability assessments publication

30/11/2015 | By Jonathan Bunn

House builders that claim they cannot meet a London council’s affordable homes quota for new developments could be forced to make their details of financial viability assessments public.