Council-owned For-profit Provider Reports Success
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, 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.
- Revenue increased by 59% to £2.7m
- Post-tax profit of £1.2m, compared to a loss of £68,879 the previous year
an “exceptional” year
Loddon Homes provides supported housing, shared ownership, and social and affordable rent for residents in the council area, aiming to increase affordable housing supply and generate income for the council.
Author's summary: Council-owned Loddon Homes reports £1.2m profit.
More News
- Letter: State lawmakers must be careful with False Claims Act
- When An Infant Spoke and the Apostles Stayed Silent: A Lesson for the Modern Age
- Shares of Navan Closed Down 20% In Long-Awaited IPO Debut
- Senior Woolworths executive sues retailer, Banducci for discrimination
- Pascendi and the Pope Who Didn't 'Trust the Science'
- ‘Avatar: The Last Airbender,’ comes to life through on-stage orchestra
- C'ville sex toy retailer makes its move into Richmond, seeks to capitalize on sale of Taboo - Richmond BizSense
- Bravo Network Cashes in on Paid Apostasy and Anti‑LDS Bigotry