Fix it
Quick overview
We build, manage and look after homes for people across the North
- 32,664 homes owned and managed
- Rated G1/V1 from the Regulator of Social Housing
- External credit rating of ‘A’ with S&P Global
- Strong ESG foundations, with three years of reporting our ESG performance using the Sustainability Reporting Standard for Social Housing
- Proven track record of successful merger and stock acquisition integration, with sustained financial performance
- Homes England Strategic Partner with £165m grant funding to help deliver 2,200 new social and affordable homes to 2026
- Low risk business model with a focus on core social housing and low exposure to market sales risks. Turnover form social housing lettings represents 87% of total group turnover.
Top level metrics
| Key financial metrics £m | 2023/24 | 2022/23 | 2021/22 | 2020/21 | 2019/20 |
|---|---|---|---|---|---|
| SH Core turnover | 161.2 | 138.2 | 128.5 | 114.6 | 113.2 |
| Sales and other turnover | 30.2 | 27.4 | 26.7 | 27.8 | 22.7 |
| Turnover | 191.4 | 165.6 | 155.2 | 142.4 | 135.9 |
| Cost of sales and other Op. costs | (21.3) | (19.1) | (17.8) | (20.6) | (17.7) |
| SH Core Operating Costs | (126.4) | (102.9) | (97.2) | (84.8) | (83.9) |
| SH Core Operating Surplus | 34.8 | 35.3 | 31.3 | 29.8 | 29.3 |
| Operating surplus | 43.7 | 43.6 | 40.2 | 37.0 | 34.3 |
| Surplus on disposals | 2.4 | 3.3 | 3.8 | 1.6 | 4.3 |
| Net interest cost | (18.4) | (17.8) | (19.6) | (19.2) | (16.8) |
| Tax and Other * | 4.7 | 54.4 | 11.3 | 2.7 | 0.3 |
| Surplus |
32.4 | 83.5 | 35.7 | 22.1 | 22.1 |
*Includes negative goodwill of £4.5m (2023/24), £53.5m (2022/23) and £8.5m (2021/22)
Our updates
Use the links below to get a closer look at our strategy for new homes and partnerships, latest news and updates, historic financial performance, our up to date credit ratings, and our current regulatory judgements.
If you'd like to talk to us about investor relations, please contact:
James Clifford, Assistant Director of Strategic Finance and Treasury
james.clifford@karbonhomes.co.uk
0191 223 8797
