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

Current Regulatory Judgement

The Regulator of Social Housing assesses registered housing providers on how well they meet its standards. Ratings are issued on a scale of 1 to 4 for governance and financial viability, for all social housing providers owning 1,000 or more social housing homes.

Incommunties is rated G1 / V2 which means:

G1: The highest rating a housing provider can achieve, showing that we meet the regulator's governance requirements and have achieved the highest standards for managing risks and controlling the organisation.
V2: A compliant viability rating, showing we have the financial capacity to deal with a reasonable range of adverse scenarios but needs to manage material risks to ensure continued compliance.

Current regulatory judgement