Financial highlights

Milestones

In 2010/11:

• £55M surplus for the year to 31 March 2011.
• £268M turnover.
• 219% interest cover.
• Generated savings of £2.65M through efficiencies in staff, office, housing management and administration costs.
• We made savings of £5.5M from tendering exercises across a range of our activities.
• We have one of the lowest operating costs per home both in the sector overall and also when compared with our peer group* (using the 2010 figures for the G15 and five of the largest national housing associations).
• Had our Moodys Aa2 credit rating confirmed.

* G15 plus Sanctuary, Places for People, Guinness, Home and Riverside.