Merger with Aspire would enable ‘step change’ in efficiency, says WHG

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%

Delayed results reveal asset write-down and building safety costs ‘principally’ behind doubling of NHG deficit But underlying operating margin also weakens

Hyde turnover up 36% following acquisitions  G15 landlord nearly doubles completions as it seeks to attract further funding from institutional investors

Vico boosts stock numbers due to doubling of completions and acquisitions from Sage  Yorkshire-based provider adds 1,482 homes to its housing stock in space of a year

Drop in sales income and impairment charge hits Gentoo’s margin and interest cover  Sunderland-based provider says ‘challenging market’ contributed to deficit on sales

Turnover and surplus up at Citizen  Midlands provider says repairs demand up since Awaab’s Law

Your Housing Group hits development target and moves back into surplus   Warrington provider improves tenant satisfaction

Thirteen exceeds development target  Tees Valley provider increases turnover and surplus despite fall in shared ownership income

Torus increases surplus despite drop in shared ownership income  Merseyside provider builds more than 1,000 homes for second successive year

EMH reports increase in turnover and surplus  Group reveals it made self-referral to regulator during year, but took ‘prompt corrective action’

Write downs from sale of Wembley development site push PA Housing into deficit  One-off costs squeeze landlord’s margin as it builds record number of homes

Turnover up but completions drop at Wheatley  Scotland’s biggest social landlord currently has 1,129 homes on site

Jigsaw narrowly misses five-year aim to build 4,000 homes  Group says a ‘small number’ of schemes remaining in the plan are set to complete in 26/27

L&Q accepts margin pressure as it increases spend on existing homes to record £415m Landlord increases annual spend on improving stock by 12%

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