Group reveals made self-referral to regulator during year, but took ‘prompt corrective action’
East Midlands Housing Group (EMH) Group has reported an increase in its turnover and surplus, despite a “complex” operating environment.
In results for the year ended 31 March 2026, EMH reported turnover of £158m, up slightly from £153m.
Meanwhile, operating surplus increased from £35.6m to £39.6m and surplus before tax was up from £14.8m to £17.2m.
However, development dropped slightly from 441 completions to 425.
The 23,000-home landlord, which operates in 49 different local authority areas across the east midlands, is now in the last year of its three-year business plan, which includes a target to build up to 500 new homes annually.
In its annual report, EMH said the “external environment remains complex” and warned of the impact of “higher interest rates, elevated cost bases, development cost volatility, supply chain pressures and customers affordability challenges all increase pressure on resources”.
However, it also noted that the longer-term rent settlement, the new Social and Affordable Homes Programme and Warm Homes initiatives “create opportunities for more confident planning, but must be balanced with affordability for customers, delivery capacity and the need to maintain sustainability”.
The year included the retirement of Chan Kataria as chief executive, who was replaced by Charley Gibbons.
During the period, the Regulator of Social Housing upgraded EMH’s consumer rating to C1.
In its annual report, the provider revealed that it has made a self-referral to the regulator during the year “in relation to the ageing classification of rental accounts inherited from an organisation that joined the group in previous years”.
“Upon identification of the issue, prompt corrective action was taken, supported by comprehensive communication with all affected parties,” it said.
“Following its review, the regulator was satisfied that the group had responded appropriately, with effective remedial measures implemented to prevent recurrence, Consequently, no regulatory action was taken”.
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