RNS
announcement
Karbon Homes Group: Annual Report
and Financial Statements to 31st March 2024
Karbon Homes is a housing
association that owns or manages almost 33,000 homes across
the North East of England and Yorkshire within diverse communities
facing a range of challenges and opportunities.
A full pdf copy of the financial
statements is attached to this announcement and is
also available via the company's website
at www.karbonhomes.co.uk/corporate/
Paul Fiddaman, Chief Executive of
the Karbon Group, said: ''Through 2023/24, Karbon has remained
committed to its mission of providing a strong foundation for
life.
We have pushed forward with our
ambitious plans to deliver more affordable homes across the region
and have invested heavily in the maintenance of our existing
homes.
We have invested in our customer
facing services, launching a new customer approach that supports
our ambition to have a greater local presence in the areas we
work.
We have continued delivering on our
Fair Foundations approach to placeshaping; a way of working differently in our left behind communities to
make long-lasting changes and support growth.
And we have continued to explore growth opportunities, creating efficiencies and developing stronger revenue streams
to bring additional financial capacity into the
organisation.
All the while, the safety, security
and wellbeing of our residents has remained our top priority, and
they have remained at the heart of everything we do."
We are pleased to report that,
despite increased construction and maintenance costs caused by
rising inflation and greater demand for investment in our existing
homes, our operating surpluses (adjusted for negative goodwill
arising from recent mergers) have remained healthy over the last
two years at c. £46m.
We are, therefore, pleased to
publish our financial statements to 31st March
2024.''
For further information, please
contact:
Andrew Thompson, Assistant Director:
Treasury
andrew.thompson@karbonhomes.co.uk
Click on, or paste the following
link into your web browser, to view the associated PDF
document. http://www.rns-pdf.londonstockexchange.com/rns/7778Y_1-2024-8-1.pdf