Reported financial information for housing associations.
| Organisation | Turnover | Op. margin | Pre-tax surplus | Growth rate | Customer satisfaction | Comments |
|---|---|---|---|---|---|---|
| Results for the 12 months ending 31 March 2026 (31 March 2025) | ||||||
| Audited results | ||||||
| A2Dominion Housing Group | £342m (£422m) | 20.1% (44.1%) | £3m ( £100m ) | 0.0% | 55.3% | A fall in the surplus on the sale of fixed assets of £100million was because the sale of the organisation's temporary housing portfolio to Westminster City Council was included in the 2024/25 results. Profits from first-tranche sales, development and land sales fell significantly following a significant scaling-back of development. |
| Anchor Hanover Group | £722m (£679m) | -0.6% (7.1%) | -£43m ( £12m ) | 0.8% | 82.9% | An underlying net surplus of £11.1m became a post-tax deficit of £39.4m due to a write down in the value of two new developments of £11.4m, a £16.4m write down plus an £11.7m provision to buy back properties at a legacy development no longer considered viable, a £2.1m provision for fire safety works, and £8.9m of one-off costs incurred as part of the regulatory compliance improvement plan. |
| bpha | £159m (£152m) | 35.0% (36.1%) | £22m ( £20m ) | 2.2% | — | While operating costs increased and the value of investment properties reduced, higher shared ownership sales and staircasing activity boosted the surplus. |
| Bromford Flagship LiveWest | £946m (£918m) | 34.7% (32.6%) | £186m ( £187m ) | 2.4% | 84.0% | Interest payable rose by £17m due to a deliberate strategy to increase liquidity to support future investment, while also recognising the volatile economic environment. |
| Clarion Housing Group | £1,045m (£1,087m) | 27.6% (21.3%) | £136m ( £75m ) | 1.0% | 85.6% | Despite "record investment in new and existing homes", the surplus increased. This was partly due to a £31m increase in the surplus from disposals, including the transfer of 800 homes to BPHA in May. Development had been slowed in response to economic uncertainty and programme delays. |
| Curo Group | £145m (£151m) | 15.3% (5.6%) | £7m ( -£7m ) | 1.0% | 70.2% | Outright sales income fell by £11m in 2025/26. The results for 2024/25 had been affected by the impairment of unsold market sale properties and charges following Curo’s exit from the Social Housing Pension Scheme. |
| Great Places Housing Group | £215m (£194m) | 24.8% (25.9%) | £22m ( £29m ) | 5.1% | 78.4% | The pre-tax surplus was down by £7m due to higher financing costs with a significant increase in debt to support both a high level of development and continued investment in existing homes, building safety and energy efficiency improvements. Marketing costs for shared ownership were also now expensed as cost of sales rather than being capitalised. |
| Guinness Partnership | £529m (£535m) | 18.2% (14.1%) | £11m ( -£11m ) | 1.1% | 68.0% | Operating costs fell by 3% due to lower impairment charges and the release of provisions for building safety work following confirmation of grant funding. Spending was also reduced following the exit from care services and by delivering operational efficiencies. However, the surplus was reduced by £17m of impairment charges on live development schemes, lower sales vales, rising construction costs, and scheme delays. |
| Home Group | £499m (£505m) | 18.3% (17.3%) | £38m ( £35m ) | 1.9% | 72.9% | Although turnover was down by £7m following a decision to withdraw from development for outright sale, the surplus increased by £3m, boosted by higher rental income following rent increases and the handover of new properties, plus an increase in the surplus arising from Right to Buy sales and voluntary disposals. |
| Karbon Homes | £234m (£219m) | 25.9% (26.3%) | £31m ( £36m ) | 1.4% | 84.9% | Operating costs rose by 9%, due to higher void costs and a higher rate of component replacement, while interest costs rose by 20%. |
| London & Quadrant Housing Trust | £1,027m (£1,111m) | 23.9% (33.9%) | £33m ( £143m ) | 1.9% | 79.0% | Operating surplus was reduced by net impairment costs of £44m and a £70m reduction in the value of investment properties. Investment in existing homes was up by £44m to £415m. The surplus on disposal of fixed assets was up from £149m to £173m following the sale of 3,500 homes in Buckinghamshire to SettleParadigm. |
| Midland Heart | £240m (£243m) | 25.5% (37.7%) | £37m ( £67m ) | 1.0% | 81.3% | Investment in homes, services and people was accelerated in response to the rising expectations of tenants, regulators and communities. The previous year’s results were inflated by the sale of the supported housing portfolio to Housing 21. |
| Moat Homes | £176m (£164m) | 33.5% (29.8%) | £24m ( £12m ) | 1.7% | 65.9% | Switching to a short-term responsive repairs contract reduced routine maintenance costs by £4m, while one-off government funding for retrofit work reduced major repairs costs. |
| Onward Group | £210m (£198m) | 16.1% (13.4%) | £19m ( £13m ) | 0.9% | — | The gain on disposal of housing fixed assets increased from £0.1m in 2024/25 to £4.7m in 2025/26. Over this period, the number of sales increased from 66 to 134, made up of 31 Right to Buy, 20 Right to Acquire, 31 shared ownership staircasing and 52 other sales. The latter consisted of strategic asset disposals under its portfolio management programme. |
| Places for People Group | £1,277m (£1,082m) | 19.2% (19.9%) | £164m ( £376m ) | 2.6% | 42.0% | The one-off accounting surplus of £137.7m in 2025/26 arising from the mergers with South Yorkshire Housing Association and Elim Housing Association was less than the £397.4m one-off surplus booked in the previous year due to the merger with Origin Housing Association. Operating profit was 20% higher due to an increased surplus on shared ownership sales and the sale of fixed assets. |
| Platform Housing Group | £385m (£374m) | 25.7% (28.2%) | £43m ( £53m ) | 2.8% | 85.1% | Higher repairs and maintenance costs, due to the introduction of Awaab’s Law, reducing the backlog of older jobs, higher demand for emergency repairs, and the works required to bring void homes up to the lettable standard. |
| Riverside Group | £680m (£686m) | 17.6% (15.7%) | £7m ( £10m ) | 0.9% | 66.9% | An £8.4m fall in shared ownership first-tranche sales income and a £23m fall in earnings from non-social housing activity, including a £19.3m drop in open market sale proceeds, offset a £24m increase in the income from social housing lettings. One-off movements in the fair value of investment properties and financial instruments reduced the surplus by £11.6m. |
| Southern Housing | £719m (£673m) | 17.7% (18.3%) | -£8m ( £5m ) | 1.2% | 66.8% | The loss arose due to a building safety provision of £49m and a movement in the fair value of investment properties of £26m. Underlying performance improved due to a reduction in the number of uncompleted homes in the development programme and “great strides in driving cost efficiency”. |
| Sovereign Network Group | £818m (£794m) | 23.6% (25.8%) | £39m ( £75m ) | 2.0% | — | The surplus was reduced by one-off pension settlement and impairment costs, together with higher depreciation and financing costs to support investment in new and existing homes. |
| Stonewater | £305m (£284m) | 24.6% (24.0%) | £15m ( £13m ) | 1.9% | 78.4% | A £12.7m reduction in the income form shared ownership sales was offset by an increase of £20.2million from the disposal of fixed assets, of which £5.0million related to staircasing transactions. |
| Vivid Housing | £389m (£407m) | 35.4% (32.2%) | £51m ( £62m ) | 4.2% | 71.3% | Reduced surpluses from shared ownership first-tranche and open market sales, alongside a significant increase in development. |