Longhurst Group publishes latest Annual Report and Financial Statements
Longhurst Group is pleased to have published its Annual Report and Financial Statements for 2019/20.
The report is published following one of the most significant periods in the Group’s history, during which we consolidated our structure to become one organisation and launched our ambitious 2025 Improving Lives strategy.
Our strong financial performance and commitment to delivering value for money has helped us to achieve a surplus after tax of £13.4million for the year and an overall operating margin of 27.3 percent.
In our first year as a Strategic Partner of Homes England, we invested £81million to deliver 568 new homes in 2019/20 and start work on a further 432, underlining our commitment to proving the homes people need, where they are needed most. A further £11.7million was invested into a major works programme to improve our existing homes.
As well as the key financial statistics and data that has underpinned our success, this year’s report is also full of stories from our customers and communities that highlight how we have continued to realise our vision to improve lives.
It also details our response to the Coronavirus outbreak, which saw us mark over 10,000 calls to our customers to check on their wellbeing and launch a hardship fund that has already helped over 60 customers facing financial hardship.
Deputy Chief Executive and Chief Financial Officer, Rob Griffiths said: “It has been another hugely important year for the Group, which has once again been a period of significant change and challenge.
“Not only have we consolidated our member companies into a single organisation, we have also launched our Improving Lives strategy, which sets out our ambitious plans for the next five years and beyond.
“Against that backdrop of change, we’re very proud to have maintained our strong financial performance, which is explored in detail in this latest report.
“We now look forward to building on this success over the course of the coming year, enabling us to do even more for our customers and the communities we serve.”