The north-west landlord has almost doubled its surplus for the same period last year
Onward Homes has reported a net surplus before tax of just under £16m from April September 2025, according to its latest interim trading statement.
Surplus for the 36,000-home landlord has almost doubled from £9m in the same period during the previous financial year.
The social housing provider’s surplus excludes fixed assets. It attributes the increase to a 4.5% rise in rental income and a 1.2% reduction in operating costs, driven by lower maintenance work volumes, while strategic asset sales also saw a 9% increase.
Dani James, executive director of finance, writes in the trading statement: “Expenditure is forecasted to increase in the latter half of the year, but forecasted performance remains in line with budget and covenant compliance.”
In December, Onward Homes announced the appointment of Sandy Livingstone as its new chief executive, replacing Bronwen Rapley, who has retired.
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