Financial performance

The Group generated a surplus for the year before tax of £7.4m (2017: £8.1m) at an operating margin of 53% (2017: 54%). The surplus included the disposal of 15 relatively high value social homes, as they fell vacant during the year, providing a gain of £3.0m. The gain will be used to subsidise the development of new rural homes.

EBITDA MRI interest cover remained at 1.4 times (2017: 1.4 times).

The Group completed 88 new homes, in line with the target set for the year.

Useful Documents:

Investor Presentation - September 2018

 



 
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