Trading Statement

Summary by AI BETAClose X

Boston Mayflower Finance PLC, a subsidiary of Lincolnshire Housing Partnership, reported unaudited results for the nine months ending December 31, 2025, showing a turnover of £51.8m against a budget of £52.8m, but an operating surplus of £14.3m exceeding the £13.5m budget, resulting in a total comprehensive income of £9.4m, also favourable to the £8.3m budget. The company's operating margin stood at 27.7%, surpassing the budgeted 25.6%, attributed to reduced staff, insurance, and service charge costs. The year-end forecast projects a surplus of £10.7m, £2.0m ahead of the £8.7m budget, with gearing at 36%, EBITDA interest cover at 441%, and available liquidity at £96.8m, indicating a strong financial position.

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