Manchester-based provider said surplus for 2024/25 is £27.2m
Great Places Housing Group started work on 933 homes in the 2024/25, down on the 1,378 target it originally set out for the year.
The 26,000-home association said: “Despite third-party delays on two key schemes impacting on our number of development starts, we are in a strong position to realise our programme ambitions for 2025/26.”
In an unaudited trading update, Great Places said it’s pre-tax surplus was in line with its previous forecast at £27.2m.
Its operating margin was 22.7%, below the group’s golden role of 25%
The group said it is on track to meet its target of 2,500 homes at Energy Performance Certificate ‘c’ or better early next year, while it said its stock condition survey has been a “significant success” with 94% of properties now having had a survey in the past five years. It is aiming for 100% by September.
Its arrears reduced to 3.5%, against a target of 4.1%. Great Places also said it improved in 10 out of 11 tenant satisfaction measures.
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