Metropolitan Thames Valley Housing has reported an £80.2 pre-tax deficit in its unaudited financial results for the 2023/24 financial year.

The 57,000 home-housing association incurred non-recurring and fire safety costs totaling £110m in the previous financial year.

The bulk of these expenses, amounting to £64m (non-cash), were linked to addressing fire safety issues in blocks owned by leaseholders, exceeding 11m in height. Additionally, £32m (non-cash) was attributed to the write-down of two decommissioned tower blocks in North London which are “end of life”.