bpha Finance PLC
06 September 2016
bpha Limited Annual Report and Financial Statements 2015/2016
We are delighted to share bpha's latest Annual Report and Financial Statements which demonstrate our strongest ever financial performance.
The strong performance, delivered in our 25th anniversary year, ensures our continued viability and underpins our long-term commitment to build around 500 new homes per annum for the foreseeable future.
During the year, housing stock has grown to 17,896 units, a record £17.8m surplus has been delivered and new fund raising has taken liquidity to its highest ever level.
The operating margin achieved of 46% for social housing activity remains one of the highest in the sector. In addition, a £100m restructuring of derivative portfolio has resulted in a significant reduction of potential mark to market exposure.
Efficient management of our housing stock and careful investment decisions within a well understood and tight geography continue to ensure that we deliver much needed new homes in areas of acute housing shortage whilst strengthening our overall financial performance.
We hope you find this report informative:
A copy of the above document has also been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.morningstar.co.uk/uk/NSM.
If you have any comments or queries about our Annual Report and Financial Statements, please email: [email protected] .
This information is provided by RNS