Council-owned for-profit provider reports ‘exceptional’ year
A for-profit affordable housing provider owned by a borough council has reported a £1.2m profit, in what it described as an “exceptional” year.
Loddon Homes, which is owned by Wokingham Borough Council, reported a £1.2m post-tax profit in the year to March 2025, up from a loss of £68,879 the previous year.
Its revenue surged 59% to £2.7m, from £1.7m in 2024.
The for-profit was registered in 2016 and provides supported housing, shared ownership, and social and affordable rent for residents in the council area.
It aims to increase affordable housing supply, generate income for the council and deliver housing solutions for high-spending council services, such as children and adult services.
Any savings are then invested back into communities and services throughout the borough.
Author's summary: Council-owned housing provider reports £1.2m profit.
More News
- Equinix Grows Revenue, Buys Land, With 3 GW Of Capacity Now Under Development
- Equinix Reports Higher Earnings, Revenues and Capacity
- Alphabet’s Financial Results Top Estimates As Cloud Grows 34%
- St. Louis’ Gray Design Group adds senior project manager – REJournals
- Eala falls to Mboko to exit Hong Kong Open
- Animal Crossing: New Horizons Gets a Free Update and Switch 2 Edition
- Stanley Gibbons Baldwin's Auction Highlights Preview: October 31, 2025
- CNN announces election night coverage plans, including All Access-only ‘livecast’
- Disney Ended Doctor Who Partnership for These 3 Reasons
- Feds Say Kat Abughazaleh “Impeded” ICE Agents. That Would Put Her on the Right Side of History.