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Housing Today
Trusted media brand of the Chartered Institute of Housing
Greensquare Accord posts surplus for first time since merger
GSA said its underlying stability is improving after a “challenging” first two years
Greensquare Accord has reported a £3.8m surplus for the 2023/24 financial year, after two years of deficits, following the merger of GreenSquare Group and Accord Housing in April 2021.
In 2022/23 GSA recorded a £28.6m deficit and a £19.3m deficit the year before.
The deficit in 2022/23 was partly due to refinancing costs of £7.6m, as well as one-off non-recurrent costs of £18.7m during the financial year.
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