Maintaining strong finances and governance

What we know...

  • Financial capacity and good governance are key to successfully delivering Plan A
  • We need to be financially competitive 
  • We have new loan facilities totalling £120m
  • We have financial capability to deliver our priorities and grow the business
  • The economic and regulatory environments remain uncertain and may affect grant levels and availability
  • Universal credit impact remains low compared to sector averages
  • The value of our housing stock for loan security purposes has significantly increased

Challenging objectives, stretching targets and constantly changing goalposts require:

  • Agile financial management 
  • A focus on productivity
  • Targeted investment to deliver priorities


EBITDA MRI as a % of interest

2018/19 - 200.69%

2019/20 - 299.68%

2020/21 Q3 - 415.17%

EBITDA MRI as a % of turnover

2018/19 - 29.34%

2019/20 - 29.43%

2020/21 Q3 - 37.34%

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Delivering a brilliant customer experience

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Supporting sustainable tenancies

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Providing quality homes

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Enabling strong communities

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Building and acquiring homes

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Enabling employees to flourish

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Maintaining strong finances and governance