G15 landlord reports higher surplus and increases spend on existing homes and development in half-year report
Clarion has reported a drop in turnover in the first half of the year.
The 109,000-home housing association, in an unaudited update for the six months to 30 September, reported turnover of £522m, down from £542m in the same period the previous year.
The group said the drop reflected “the challenging development sales market” but said it was partially offset by inflation-linked rent increases.
The G15 landlord however increased its net surplus from £68m to £93m.
The group increased its spend on developing new homes from £196m to £253m year-on-year, although its completions dropped from 792 to 678. Clarion spent £186m on improving existing homes, up from £177m in the same period last year.
Mark Hattersley, chief financial officer at Clarion, said: “The group has delivered a strong half year performance, underpinned by disciplined financial management and the resilience of our social housing business”
Clarion placed third by turnover in Housing Today’s Largest 50 Housing Associations table, published earlier this month.
Largest 50 Housing Assocations 2025
For the first time and within less than two months since all the data was made public, Housing Today has published a full sortable table of the largest 50 housing associations in the UK according to their 2024/25 accounts.
Our interactive data table allows you to sort the providers by turnover, surplus, operating surplus, homes completed and homes owned and/or managed
We’ve analysed providers’ turnover, surplus, operating surplus, homes completed and homes owned and/or managed for the 2024/25 financial year.
Housing Today has dug into the data to show aggregated trends and which providers have shown the largest changes in their metrics year-on-year and why.
We’ve also pulled out key trends and talking points we’ve noticed from our reporting of financial statements over the past few months. Also find all our reports of HA accounts in one alphabeticised library. See below.
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