Key financial metrics

Key financial metrics table
Metric	2023/24	2022/23	2021/22	2020/21
Turnover	£314m	£290m	£284m	£266m
Surplus after tax	£67m	£75m	£79m	£62m
Operating margin	30%	31%	32%	31%
Asset gearing	41%	40%	37%	38%
Interest cover (EBITDA-MRI)	1.9x	1.9x	1.7x	1.9x
Homes owned or managed	47304	46437	45658	44962
Housing completions	1191	1265	1224	902

Key financial metrics table

2023/24	£314m
2022/23	£290m
2021/22	£284m
2020/21	£266m

2023/24	£67m
2022/23	£75m
2021/22	£79m
2020/21	£62m

2023/24	30%
2022/23	31%
2021/22	32%
2020/21	31%

2023/24	41%
2022/23	40%
2021/22	37%
2020/21	38%

2023/24	1.9x
2022/23	1.9x
2021/22	1.7x
2020/21	1.9x

2023/24	47304
2022/23	46437
2021/22	45658
2020/21	44962

2023/24	1191
2022/23	1265
2021/22	1224
2020/21	902

Table notes:

Surplus after tax in 2023 / 24 excludes fair value gains