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Special Report Preview: Profits from sales remain on downwards trend

Profits from sales formed 35 per cent of England’s top housing associations’ total pre-tax surplus in 2016/17.

While substantial, this was markedly below the figure from the previous financial year, when the share of net surplus from sales stood at 42 per cent.

 

Social Housing analysed profits from sales in the 2017 accounts of the 150 associations with the largest turnovers across the country and found that total sales-related surplus was up slightly to £1.34bn from £1.32bn in 2015/16.

 

Sales surpluses are made up from first tranche shared ownership sales; sales of fixed assets such as the Right to Buy and Right to Acquire; and non-social housing sales of properties built for open market sale...

 

Subscribe to view the full report including interactive data tables and charts or click here to view the full article if you are already a subscriber

 

 

Chart

Sales surpluses (£m) First tranche surplus Sales surpluses (£m) Non-social housing surplus Sales surpluses (£m) Fixed assets surplus Sales surpluses (£m) Total sales related Total pre-tax surplus (£m) Share of net surplus (%) First tranche Share of net surplus (%) Non-SH devt. related Share of net surplus (%) Fixed assets sales Share of net surplus (%) 16/17 total Share of net surplus (%) 15/16 total
Joseph Rowntree+ 0.6 0.0 1.4 2.0 0.2 333 0 774 1,107 -307
Aldwyck 4.9 2.7 2.6 10.1 6.0 82 45 43 170 98
Chelmer Housing 3.5 0.5 1.1 5.2 3.8 94 14 29 137 51
Hyde 10.7 3.4 64.0 78.1 61.7 17 6 104 127 307
Genesis 0.5 2.9 27.1 30.5 25.0 2 12 108 122 135
Asra 3.2 0.0 1.9 5.1 5.3 60 0 37 96 41
Orbit 12.1 7.9 22.8 42.8 55.3 22 14 41 78 77
Equity 1.4 0.0 0.6 2.0 3.0 48 0 21 69 57
Viridian 16.4 3.1 6.7 26.2 39.6 41 8 17 66 28
Gateway 1.6 1.4 3.8 6.8 10.3 16 14 37 66 53
Trafford 0.0 0.8 3.6 4.4 6.7 0 12 54 66 39
Wrekin 0.5 0.0 4.4 4.9 7.5 6 0 59 65 89
BPHA 10.3 0.0 8.6 18.9 29.0 36 0 30 65 63
Poplar Harca 1.5 0.0 8.5 10.0 15.9 9 0 54 63 11

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