Social housing group Keepmoat has announced that profit rose by a quarter from 拢20.8m to 拢25.9m in 2008.

In the year to 30 September 2008, there was also a 4% increase in turnover from 拢260m to 拢271m.

David Blunt, its chief executive, said: 鈥淭he interim performance reflects on an economic and financial environment that has taken many by surprise.

鈥淥verall the business is in a healthy shape to meet all challenges from what many commentators believe to be a very difficult period ahead.鈥�

Last week 好色先生TV revealed that several private equity firms were circling the firm, in which HBOS has a stake. They include 3i, Bridgepoint and Cognetas.

It is understood they are attracted by the secure revenues of the social housing sector.

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