Group says a ‘small number’ of schemes remaining in the plan are set to complete in 26/27
Jigsaw Homes Group says it has “substantially achieved” its five-year development target.
The year ended 31 March 2026 was the final year of its 2021-2026 development strategy, during which it aimed to build 4,000 new social homes.
During the year, it delivered 694 homes, including the completion of its largest ever development, a 210-home scheme on a former industrial site in Wyre.
The delivery figure was down from 929 in 2023/24 and 828 in 2024/25, but the group nonetheless said it had “substantially achieved” its development target, with “only a small number of schemes completing in 2026/27”.
For its next development strategy (2026-2031), the group aims to support the delivery of up to 3,000 homes, which it said includes “pursuing a Strategic Partnership with Homes England”.
Jigsaw Homes North was named as one of Homes England’s strategic partners in the first round of allocations, granted £249.5m to build 1,990 homes.
Jigsaw is responsible for 38,637 homes and operates through ten orgnasiations working across 37 local authority areas in the North West and East Midlands.
Its turnover was up in the year from £235.6m to £242.2m.
Operating surplus stood at £66.8m, up from £56.3m, while its pre-tax surplus of £28.6m, was an increase on £17.6m the year prior.
EBITDA MRI Interest Cover was 137.2% in 2025/26, compared with 123.9% in 2024/25 and 137.1% in 2023/24.
Largest 50 Housing Associations accounts tracker
As we enter reporting season, Housing Today is tracking the financial statements of the largest housing associations in the UK.
See more of our recent reports:
Places for People turnover passes £1.2bn as it becomes biggest housing association in UK Increase in shared ownership sales, disposals and non-social housing development along with mergers help revenue climb by 16%
L&Q accepts margin pressure as it increases spend on existing homes to record £415m Landlord increases annual spend on improving stock by 12%
EMH reports increase in turnover and surplus Group reveals it made self-referral to regulator during year, but took ‘prompt corrective action’
Yorkshire Housing surplus drops as CEO repeats call for interest rates cut Yorkshire Housing has reported a drop in its annual surplus as its operating costs rose and shared ownership sales and disposals slowed.
Stonewater completions down by a quarter due to ‘phasing’ of programme Stonewater’s completions have fallen by 28% year-on-year, which it said was due to phasing of its development programme.
Onward Homes misses build target but boosts stock with acquisition of homes Manchester-based provider in-sources damp and mould services to help meet Awaab’s Law demand
Turnover and completions up at Orbit Orbit has recorded an increase in turnover and completions in its latest financial figures.
Amplius increases annual starts to more than 1,000 Provider seeking to build 1,000 homes a year says demand for shared ownership strong despite sales income drop
Sale of more than 400 empty properties boosts Peabody’s surplus Disposal of stock ‘uneconomical to retain’ and student block generates £109m for reinvestment
Great Places started work on more than 1,600 homes in 2025/26 Great Places Housing Group started work on 1,669 homes in the year to 31 March.
A2Dominion records no starts for second successive year as it focuses on improving existing stock G15 landlord completes just 10 homes as it continues to dispose of non-core stock
Turnover and completions down at Riverside But operating surplus and margins up as major housing association ‘balances ambition with financial discipline’
Anchor reports deficit after £50m hit from one-off costs But later living provider smashes its development target for the year
Home Group increases surplus despite drop in turnover Shared ownership income falls and market sale revenue halves as provider pivots to reduce market exposure
Guinness points to gateway 2 approval delays as it misses build target by 38% Housing association moves back into surplus following reduced costs
Biggest developing HA’ BFL confirms rise in turnover despite drop in commercial income Boss Robert Nettleton says group now able to invest £18bn by 2040 in new and existing homes after completion of 127,000-home merger work
Development drops two-thirds at GSA as provider shifts focus to existing stock Provider being investigated by regulator sells 231 homes to generate proceeds for reinvestment and cuts back on commercial activity
Midland Heart’s completions more than halve as it increases spend on stock upgrades Deputy chief executive points to record spend on capital works to improve stock and increase in five-year development target
Moat nearly doubles surplus But completions and pipeline fall despite increase in new homes spend
Curo reports drop in turnover but returns to surplus Fall in open market property sales brings income down
Asset disposals boost Abri Group’s surplus as it explores merger 50,000-home provider aiming to build 20,000 homes over the next decade and become a “top five” housing association provider .
Surplus and margin down at Platform Provider confirms increase in development to 1,380 completions
Completions drop at Karbon as landlord focuses on meeting repairs demand North-east provider narrowly misses development target
Surplus down but turnover and completions improve at SNG Latest annual report shows 4% increase in new homes delivery, but figure remains below 2024 level
Clarion surplus up on stable turnover But social landlord says completions drop despite rise in investment
Completions up at BPHA Bedfordshire provider boosts stock with transfer of 1,200 homes from Clarion
Sanctuary still exploring sale of student housing portfolio as it moves into surplus Accounts also confirm increase in turnover
Vivid completes record number of homes despite missing target Hampshire-based landlord builds more than 1,500 homes for third successive year but turnover and surplus down
Largest 50 Housing Associations 2025
Housing Today’s exclusive 50 Largest Housing Associations 2025 data table allows you to sort the providers by key metrics including homes managed, turnover, surplus or homes built.
We also analysed key trends from the accounts, crunched the data and highlighted the key organisations in the sector. Click below to access the data tables, analysis and library of reports
No comments yet