GreenSquareAccord Limited Annual Financial Report
04 October 2024 - 3:13AM
RNS Regulatory News
RNS Number : 9024G
GreenSquareAccord Limited
03 October 2024
GreenSquareAccord has published its financial
statements for the year ended 31 March 2024 and they are available
here
Headline results are as follows:
·
Operating margin of 20.2% (2023: 8.2%) and surplus before tax
of £3.9m (2023: deficit of £28.6m) demonstrated a significant
improvement and stabilisation in GSA's financial performance in its
third year of trading since merger.
·
Operating surplus of £51.7m on turnover of £230.5m is more
than double the prior year figure which included £18.8m of
non-recurrent costs.
·
EBITDA MRI interest cover rose from 55% to 83% (Regulator for
Social Housing VfM metric)
·
Increased investment in existing homes of £22m (2023: £11.4m)
reflects the increasing pace and scale of the Group's programme to
improve stock quality.
· The
Group handed over 463 new homes in the year, bringing the average
new homes delivered per annum in the three years since merger to
500.
Further information is available on the GSA
website.
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