Our focused strategy, management discipline and business resilience enabled us to continue our commitment to investing in services and putting our customers first, as we navigated the ongoing financial challenges in the social housing sector this year.
This strong financial performance demonstrates our capacity to remain resilient and adapt effectively in a difficult environment. We have a well-established build and sales programme that helps us continue to provide new homes while mitigating our exposure to market risks.
Highlights
- Core operating surplus of £64.6m (2022/23: £57.4m)
- Core operating margin of 21.1% (2022/23: 20.2%)
- Net assets of £802.2m (2022/23: £786.3m).