Investor Relations

Incommunities has enjoyed positive relationships with its funders since its transfer in 2003. In 2024/25 Incommunities restructured the Group's facilities and secured the funding requirements to deliver Our 5-year Corporate Strategy strategic objectives.

The refinancing allowed Incommunities to:

Reduce the overall cost of funding.
Increase the average maturity of the debt by refinancing some of the existing debt and providing additional facilities.
Diversify the sources of funding.
Provide additional £100m of revolving credit facilities extending liquidity to 36 months.
Improved covenants of EBITDA only interest cover.

This resulted in a more cost effective and diverse funding portfolio.

Performance Highlights

3-Year Summary


Statement of Comprehensive Income (£m)	2024-25	2023-24	2022-23
Turnover	125.6	113.1	104.4
Operating Surplus	18.4	18.5	12.2
Surplus for the year	7.6	9.1	0.9

3 Year Summary - Properties


Number of properties	2024-25	2023-24	2022-23
No. of properties	22,869	22,833	22,672
New homes built	234	203	84

Our inspection outcomes…

In spring 2026 we had our inspection from the Regulator of Social Housing. Here are the results:

G1
Our governance grade reflects strong leadership, responsible decision-making, and effective risk management, all while keeping a focus on what matters most to our customers: safe homes, great services, and clear accountability.

V2
Our financial viability grade reflects our decisions to continue investing in and improving existing homes, as well as to build new ones.

C2
The consumer grading shows strong performance in all areas of the consumer standards, including keeping people safe, how we listen to and involve our customers and how we deliver effective services.