We’ve released our trading update (unaudited) for the period ending 30 September 2021 and are extremely pleased to report a strong surplus for the period of £33.2 million, up 36%. We are also exceptionally proud to have maintained our G1/V1 rating and to have completed a stock swap with Orbit where we acquired 620 additional units and transferred 526 to them.
We’ve worked extremely hard during the last six months and continued to deliver on the core objectives of their corporate plan, Making What Matters Brilliant. We’ve maintained our record investment in our customers’ homes, built new affordable homes, improved our customer app and continued to provide colleagues with training and development.
These results mean we are in a strong financial position for the future and we are equipped with the tools to help face the challenges of the current economic environment.