The largest Scottish registered social landlords saw reserves rise £11.8m as surpluses increased by £112.2m solely as a result of accounting changes.
Housing minister Gavin Barwell has given his backing to a housing association efficiency ‘scorecard’ that aims to help the sector compare performance while driving value for money.
Gentoo Housing made a £8.8m loss in 2016 after making over £11m in redundancy payments.
Accounting changes resulted in Genesis HA moving from a restated loss in 2015 to a £27.3m surplus in 2016.
Notting Hill Housing has booked a record pre-tax surplus despite incurring a £13.9m write-down on one of its developments, in part due to the government’s rent cut.
A summary of the financial performance of MHS Homes, Peabody, Derwent and Bolton at Home in the 2015/16 year.
East Thames Group is planning to build 25,000 homes over 10 years as L&Q’s east London division, as the pair close in on a December completion deadline.
Affinity Sutton delivered over 1,000 homes in the 2015/16 year with what it said equated to just 5 per cent government grant subsidy - the lowest level since the early 1970s.
Thames Valley Housing reaped the rewards of commercial investments in 2015/16 and saw another vote of confidence in its Fizzy business as its Abu Dhabi investor doubled its commitment to £400m.