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We've published our Financial Statements

2018 - September, Latest news

Paragon Treasury Plc's parent company, Paragon Asra Housing Limited ('PA'), announces the release of its audited financial statements for the financial year ended 31 March 2018. These financial statements reflect the first year of trading for PA, which was formed on 13 April 2017 following the amalgamation of Paragon Community Housing Limited (‘PCH’), asra Housing Association Limited (‘AHA’) and Leicester Housing Association Limited (‘LHA’).

PA is pleased to confirm that its results for 2017/18 were in line with the Board’s financial plans. Key figures are as follows; the 2016/17 combined results for PCH, AHA and LHA are stated for comparative purposes and the results represent group-wide performance:

 

PA

17/18

Comparative

16/17

Turnover £m

164.7

163.4

Operating surplus £m

65.1

57.2

Operating margin

40%

35%

Net surplus £m

32.9

26.6

Total assets less current liabilities £m

1,671

1,708

Cash reserves £m

22.6

86.8

Financial indebtedness £m

691

741

Properties owned / managed

23,505

23,968

 These results evidence a strong and resilient financial position which allows the Board to make appropriate strategic decisions in pursuit of PA’s vision, which is to become widely recognised as a social enterprise with a reputation for providing quality homes and services by 2022.

 

View Financial Statements

 

Please contact our Finance Director Simon Hatchman for further information.

Simon Hatchman
Finance Director
 

0116 257 6786
simon.hatchman@pahousing.co.uk