Association increases spend on development but completions fall in nine months to 31 December
Clarion’s turnover is down 3% year-on-year following a near halving of its income from sales.
The G15 housing association, in an unaudited trading update, said its turnover for the year to 31 December was £781.2m, down on the £807.2m reported for the previous year.
The group’s income was affected by a 47% drop in income from outright market and shared ownership sales, from £127.8m to £66.9m. Clarion said the drop was due to “challenging market conditions” as well as its decision to “manage supply”.
The group’s pre-tax surplus rose from £102.2m to £119.6m, with its operating surplus rising by £20.1m due to additional rental income and a £21.4m increase in disposal surplus offset by lower development income.
Clarion increased its spend on both new and existing homes. A total of £417.4 million was invested in new housing supply, compared to £349.3m the previous year while investment in existing homes rose from £69.7m to £101.3m over the same period.
A spokesperson for the 109,000-home provider said: “Clarion delivered another strong financial performance in the quarter, reflecting the resilience of its core operations and enabling continued investment in homes, services and communities.”
Largest 50 Housing Assocations 2025
For the first time and within less than two months since all the data was made public, Housing Today has published a full sortable table of the largest 50 housing associations in the UK according to their 2024/25 accounts.
Our interactive data table allows you to sort the providers by turnover, surplus, operating surplus, homes completed and homes owned and/or managed
We’ve analysed providers’ turnover, surplus, operating surplus, homes completed and homes owned and/or managed for the 2024/25 financial year.
Housing Today has dug into the data to show aggregated trends and which providers have shown the largest changes in their metrics year-on-year and why.
We’ve also pulled out key trends and talking points we’ve noticed from our reporting of financial statements over the past few months. Also find all our reports of HA accounts in one alphabeticised library. See below.
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