Financial highlights

Milestones

In 2011/12:

• £46m surplus to 31 March 2012
• £273m turnover
• 232% interest cover
• £9.4m efficiency and administration savings
• We continue to have one of the lowest operating costs per home in the sector overall and when compared with our peer group*
• Our Moody’s Aa2 rating is confirmed
• We signed a contract with the HCA for £65m to build another 3,000 new homes between 2011-15 – one of the largest contracts in the country

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