Investors (S&P Rating: A/Negative)

Incommunities has enjoyed positive relationships with its funders since transfer in 2003. In 2018/19 Incommunities committed to restructure the Group’s facilities and secure the funding requirements to deliver the “Improving Lives to 2040” strategic objective.

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 c.£100m of unused facilities (including a £50m retained bond).

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

Performance Highlights – 3-Year Summary

3 Year Summary

Statement of Comprehensive Income (£m)

2022-23

2021-22

2020-21*

Turnover

104.4

102.1

99.9

Operating Surplus

12.2

15.2

22.0

Surplus for the year

0.9

3.5

10.3

*Restated

 

3 Year Summary - Properties

Number of properties

2022-23

2021-22

2020-21

No. of properties

22,672

22,708

22,651

New homes built

84

126

115

 

Investor Updates

S&P Ratings

S&P March 2023

S&P March 2022

S&P opinion (2020)

View our Annual Report and Financial Statements

 

Bond Prospectus

Press Release  

Fixed Income Investor Presentation December 2020

Investor Contacts

As a valued investor, your primary contacts can be found below:

David Konu, Interim Director of Finance david.konu@incommunities.co.uk

 

Current regulatory judgement: Incommunities Limited (17 January 2024)

Board and Committees