TIDM93LF
RNS Number : 9586K
Home Group Ld
02 September 2019
Home Group Limited
Home Group reports strong results for the year ended 31(st)
March 2019.
Home Group, one of the largest housing associations in the UK,
has reported a strong performance in its financial statements for
the year to 31 March 2019.
Despite challenging political and economic climates, Home Group
remains on track to deliver its target to build 10,000 homes by
2022, and push closer towards its mission to build homes,
independence and aspirations.
Headlines:
-- Turnover of over GBP367 million
-- Surplus before tax of GBP47 million
-- Invested GBP79.4 million to maintain and improve our customers' homes
-- Issued secured bond during year, raising GBP250 million to
help us reach our ambitious build target
-- During the year we invested over GBP330 million in development of new homes
-- We delivered 1,660 new homes during the year for rent and ownership
Other highlights include:
Customer satisfaction
Our close relationship with our customers was a key focus in the
year to 31 March 2019. Our customer satisfaction levels increased
from the already high position from which they started.
Satisfaction levels now stand at 95% for rented customers and 97%
for supported ones.
Customer promise
We engaged hundreds of our customers in 2018/19 in-order-to
update our customer promise, ensuring it is fit-for-purpose going
forward. We now have a promise which has been shaped by our
customers and will be assessed and evaluated by them. The National
Housing Federation's Together with Tenants charter, for which we
were an early adopter, was influential in helping shape our new
promise.
Homes England strategic partner
During the year to 31 March 2019, we became a wave one strategic
partner with Homes England, where we committed to deliver 2,300
homes outside London over the next five years.
Persona
Our new outright sales brand, Persona, which only began
operating in 2018, has already lifted the bar in terms of design
quality. It was recognised at the 2018 What House Awards with a
silver medal for Best House.
Other awards and accolades, include:
Great Place to Work
-- Super large organisations - 7(th) in UK
-- Best workplaces for women (large organisations) - 8(th) in the UK
Diversity in Housing Awards 2019
-- Leading LGBT organisation - WINNER
UK National Contact Centre Awards 2019
-- Customer experience manager of the year - WINNER Laura Welch
Skills for Care Accolades Awards 2019
-- Best employer support for registered managers - WINNER
Stonewall Top 100 Employers 2019
-- 17(th)
Investors in people
-- GOLD accreditation
John Cridland, Chairman of Home Group, said:
"Overall, our performance in the year to 31 March 2019 has been
extremely strong, particularly when the economic and political
climates are considered. We are still in uncertain times at
present.
"However, our strategy going into 2019/20 continues to be bold
and ambitious. We are all behind our mission to build homes,
independence and aspirations. With the level of professionalism,
energy and passion shown by colleagues in the year to 31 March
2019, I've no doubt we'll get even closer towards achieving this in
2019/20."
Mark Henderson, Chief Executive of Home Group, said:
"Last year was certainly challenging, as this year is proving to
be - not just for us but for the sector. However, I was proud of
our performance last year given the climate in which we operated. A
huge amount of credit must go to colleagues across the organisation
for getting us to where we are today. Their commitment, passion and
drive are exemplary, and that is largely why we are in a strong
position for 2019/20."
Board
J Cridland, CBE, MA (Home Group Chairman, appointed 19 July
2018)
R J Davies, LLB, FCMA (Home Group Chairman, until 19 July
2018)
C E R Bassett, LLB (Hons) (until 18 July 2019)
R A Bradley, DL, BA (Hons), DipSocAd, MA, CQSW
K Gillespie, BSc (Hons), FRICS
M G Henderson, BSc (Hons)
J Hudson BSc (Hons), PhD, ACA
R M Jackson, BA (Hons)
M Macfarlane, MA, MBA, LLB (Home Scotland Chair, until 22 May
2018)
M Madden, FCMA, CGMA, B.COMM (Hons) (Home Scotland Chair,
appointed 28 August 2018)
B Mehta, CBE, BA (Hons), MSc
L A Morphy, OBE, BSc (Econ), MSc
V F Peterkin, MA, FCIH (Home Scotland Chair, appointed 22 May
2018, until 28 August 2018)
N W Salisbury, BA (Hons) (Senior Independent Member)
K Tinneny
Key Management Personnel
M G Henderson, BSc (Hons)
Chief Executive
R M Byrne, BA, MCIH
Executive Director - New Models of Care
R Du Rose
Executive Director - Operations (until 3 December 2018)
M Forrest, BA (Hons), PGCE, ACA
Executive Director - Operations (Executive Director - Business
Development until 3 December 2018)
B A Ham, BA (Hons), MPhil, FRGS
Executive Director - Development (until 28 June 2019)
J Hudson, BSc (Hons), PhD, ACA
Chief Financial Officer
N Hussain, BA (Hons), Dip DM
Executive Director - Business Development (appointed 22 July
2019)
J Cook
Executive Director - Development (appointed 1 July 2019)
Home Group Limited
Consolidated Statement of Comprehensive Income
For the year ended 31 March 2019
2019 2018
GBP000 GBP000
Turnover 367,317 364,703
Cost of sales (38,040) (27,851)
Operating expenditure (including exceptional
item) (248,959) (256,938)
Surplus on disposal of housing properties 5,930 7,597
Group operating surplus 86,248 87,511
Share of profit in joint ventures /
associates 2,304 5,601
Interest receivable 2,582 2,091
Interest payable and financing costs (44,163) (43,357)
Surplus on ordinary activities before
tax 46,971 51,846
Taxation (2,243) (1,326)
Surplus for the year 44,728 50,520
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END
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