Our financial performance

Key Financial Indicators

  2021/22 2020/21 2019/20 2018/19 2017/18
  Number of homes in management 43,007 42,599 43,155 42,857 42,133
  Turnover £340m £332m £322m £314m £317m
  Turnover from Social Housing 82% 90% 92% 95% 84%
  Operating Surplus £97m £104m £90m £103m £117m
  Interest Cover 239% 189% 197% 247% 262%
  New Homes Spend £228m £190m £183m £245m £156m
  Investment in existing homes £19m £20m £20m £20m £13m
  Total Borrowings £1,567m £1,497m £1,478m £1,281m £1,089m
  Committed facilities £2,090m £2,137m £1,883m £1,661m £1,695m

 

Regulator of Social Housing - Value for Money metrics

  2021/22 2020/21 2019/20 2018/19 2017/18
  Investment in property %  7.5% 6.8% 8.2% 9.7% 6.7%
  New supply delivered %  1.3% 1.4% 2.0% 2.1% 0.9%
  Gearing %  47.3% 46.0% 46.0% 43.8% 38.8%
  EBITDA-MRI %  131.7% 143.3% 150.3% 191.6% 217.1%
  Social Housing cost per unit  £4,663 £4,378 £4,425 £4,189 £4,246
  Operating Margin  20% 24% 23% 29% 31%
  Return on Capital Employed  2.8% 3.3% 2.8% 3.5% 4.3%
  Rent Arrears  4.1% 4.1% 4.3% 4.5% 3.9%
  Customer Satisfaction  88.8% 88.7% 94.5% 96.0% 96.7%
  Ratio of responsive to planned repairs 0.4 0.4 0.4 0.3 -
  Void rent loss  0.95% 1.10% 1.60% 0.81% 0.59%
  Rent collected (General needs & HOPS)  99.0% 100.2% 99.8% 99.2% 98.8%
  Occupancy  99.2% 99.4% 99.3% 97.9% -

 

Ratings

  Date Result
  Credit Rating - Moody's  27 May 2022 A3 Stable
  Regulator of Social Housing Governance Viability Judgement  15 December 2021 G1
  Regulator of Social Housing Financial Viability Judgement  15 December 2021 V1


Investor alerts

Want to receive investor email alerts from Optivo? You can subscribe to our email mailing list.

Sign up