Trading Statement
Boston Mayflower Finance PLC
28 February 2025
Boston Mayflower Finance PLC, a wholly owned subsidiary of Lincolnshire Housing Partnership (LHP) (a registered Housing Association), announces the trading update for LHP for the 9 months to 31st December 2024.
The figures presented are unaudited and for information purposes only.
|
Statement of Comprehensive Income |
31 Dec 2024 |
31 Dec 2024 |
|
|
Actual |
Actual |
|
Turnover |
£51.8m |
£51.9m |
|
Operating Surplus |
£16.1m |
£16.6m |
|
Total Comprehensive Income |
£10.9m |
£11.4m |
|
Operating Margin |
31.1% |
32.0% |
As at P9, The Statement of Comprehensive Income reflects the fact that LHP have been affected by increased customer demand and associated costs.
The Q3 forecast for the year end position is a surplus of £12.3m, which is slightly below budget of £13.2m, due to reasons above.
|
Key Metrics |
31 Dec 2024 |
|
|
Actual |
|
Gearing (Net Debt/Housing assets at historic cost) |
41% |
|
EBITDA Interest Cover (EBITDA / Net Interest payable) |
425% |
|
Available Liquidity |
£91.3m |
There have been no changes to the Group structure during the period.
For further information or comments on this announcement, please contact:
communications@lincolnshirehp.com
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