好色先生TV

Clarion has reported an increased surplus for the first quarter of the financial year, which it says is partly due to reducing its reliance on contractors to deliver repair work.

The 125,000-home housing association, in a trading update this morning, said its pre-tax surplus for the three months to 30 June was 拢27.3m, up from 拢19m for the same period last year.

Its operating surplus, which excludes certain one-off items, increased from 拢52.8m to 拢64m over the same period.

It said: 鈥淭he operating surplus increase is primarily due to the annual rent uplift, combined with improved cost control especially in relation to repairs and maintenance, where we are seeing the benefits from insourcing work and having less reliance on contractors.鈥�

Clarion, which is undergoing a major transformation programme to improve customer service, in its annual financial statement last week said it had insourced the remaining part of its repairs service in Merton and Kent and is 鈥渢aking action to control costs鈥� relating to maintenance. This came after a 拢42m increase in maintenance costs and major works in 2023/24. Clarion said 81% of this increase was due to higher demand and inflation coupled with the use of 鈥渟ubcontractors鈥� to increase capacity.

Today鈥檚 trading update also revealed Clarion spent 拢17.6m on existing homes in the quarter, which is down on the 拢27.3m posted for the same period last year due to the phasing of work. It invested 拢104.1m in delivering new homes, slightly down on the 拢105.8m spent last year.

The unaudited figures also showed an increase in turnover in the quarter from 拢243.9m to 拢260m year-on-year.

The group also said it completed 335 homes in the quarter.

Clarion is aiming to build 1,828 homes in the year. The group said last week that it has an ambition to build 3,000 homes a year in the longer-term but is taking a 鈥渃autious鈥� approach, moderating its 鈥渄evelopment programme in response to market uncertainty and financial capacity鈥�.