Turnover drops following hit to shared ownership sales income due to delays
Amplius completed 909 homes in 2025/26.
The total is a slight increase on the 896 homes it completed the previous year but was below its unspecified target due to development delays on two key sites.
The 39,000-home group’s turnover fell from £297m to £292m. It said this reflected a £12m decrease in first tranche shared ownership sales income due to the delays, offset by increased rental income.
It said: “The year-on-year reduction in turnover reflects a £12 million decrease in first tranche shared ownership sales income, partially offset by increased rental income arising from inflation-linked rent uplifts and new homes coming into management.”
“The reduction in first tranche sales income was primarily driven by development delays, with a number of completions falling into FY 2026/27.” The group said its repairs and maintenance costs were impacted by the “demobilisation of one contractor and mobilisation of another in the same region.”
Rob Griffiths, deputy chief executive of Amplius, also said the organisation is “on track” to complete its integration plan this year, following its creation via a merger of Grand Union Housing Group and Longhurst Group in December 2024.
Amplius’ full, audited, results will be published later in the year.
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