Network Homes is one of the strongest housing associations in the country financially.
For 2016/17, our financial statements show:
- Operating surplus of £69.5 million, with a net surplus of £51.8 million
- Turnover of £223.5 million
- Overall operating margin of 31.1%
In recent years, as well as the consistent revenue streams from the traditional affordable homes for rent we own, the housing market for our homes for sale has been very strong, driven by high demand and insufficient housing supply.
Every penny of the surplus we make each year is reinvested into the business. As a housing association, we do not have shareholders and we not pay dividends. We use all of our money to reinvest in our social objectives, delivering more homes and seeking to improve our services year on year.
We publish key financial information every year. Our latest financial results are generally published during July or August each year.
You can find our latest published financial reports here: