December 2017 Largest associations grow turnover to £20bn in 2017
Income holds up in first year of rent cut as housing associations reduce costs.
The UK’s largest housing associations grew their turnover to more than £20bn in 2017.
The 202 associations in Social Housing’s analysis had over £3m units and collectively made £4.1bn in pre tax surpluses.
The digest sets out financial results for the associations that hold the most units in their category across England, Wales and Northern Ireland. The definition of traditional, mixed group and LSVT associations in England for this report is the one used by the Homes and Communities Agency (HCA) in the 2016 Global Accounts...
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
UK housing associations: audited accounts 2016/17 summary
| Income and expenditure | Balance sheet | Financial ratios | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| England | Number of units | Gross turnover, £m | Op. costs, £m | Op. surplus/ turnover | Net interest, £m | Surplus on sales, £m | Net surplus, £m | Net surplus/ turnover | Assets total, £m | Loans total, £m | Per unit, £m | Gearing ratio | EBITDA MRI interest cover | |
| 60 | Traditionals | 1,173,931 | 8,536 | (6,212) | 30% | (1,126) | 371 | 1,847 | 22% | 75,316 | 30,794 | 26,232 | 49% | 146% |
| 26 | Mixed | 803,982 | 5,028 | (3,477) | 34% | (840) | 215 | 1,010 | 20% | 42,746 | 18,482 | 22,988 | 50% | 121% |
| 60 | LSVT | 799,017 | 4,554 | (3,120) | 34% | (627) | 134 | 965 | 21% | 32,539 | 14,879 | 18,621 | 54% | 247% |
RELATED
- © Social Housing
- All rights reserved
By continuing to browse this site you are agreeing to the use of cookies. Browsing is anonymised until you sign up. Click for more info.