Development up 37% at 50,000-home provider
Platform Housing Group has completed 1,000 homes in the first three quarters of the 2025/26 financial year.
The 50,000-home provider revealed the figure in an unaudited trading update this morning. Its figure is 37% higher than the 732 completed in the same period last year and means the group had almost equalled its development figure for the whole of the previous year with three months of 2025/26 left. The group started work on 1,600 homes in the period.
The West Midlands-based landlord reported turnover for the nine months of £287.3m, similar to last year’s figure of £285m. Its social housing turnover increased by 6% to £238.7m, but its shared ownership sales income fell from £41.6m to £29m, which it said was “in line with development cycle and infrastructure delays from statutory authorities”.
Platform increased its spend on development by 18% to £273m in the period, while its investment in existing stock dipped from £44m to £40.4m.
Platform’s interim chief executive Kevin Bolt said: “We continue to invest in much needed new homes, with the delivery up by a third as high starts on site begin to translate into high numbers of completions.” He added that sales exposure from development has been limited to shared ownership sales, which he said has improved margins.
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