Half-year financial results show positive picture

We published our trading statement for the first six months of the 2021/22 financial year on Tuesday 9 November 2021.  

The statement shows that we continue to perform well financially, with net surplus higher than budget. This positive figure is largely due to better-than-expected stair-casing sales, where shared owners buy a greater proportion of their home and favourable interest as well as mark-to-market rates. 

Chief financial officer Yomi Okunola said: “In general, these results show that we remain a financially robust organisation with substantial liquidity.  

“However, we continue to operate in an uncertain external climate as we slowly recover from the pandemic. Maintaining our focus on value for money will be crucial to ensuring continued strong finances so that we can invest in our stock which is crucial to our commitment to enhance our residents’ experience as well as building much-needed new homes.”