Repairs & Maintenance expenditure fell by 5% since 2014/15 as Accounts Published
Findings so far as 120 out of 160 housing providers publish their 2015/16 accounts reveal that overall Repairs and Maintenance expenditure has fallen by 5% since 2014/15.
A series of global accounts insights produced by Vantage Business Solutions reveals that the biggest area of reduced spend is on major works, with an 11% drop in spend. This has resulted in a decrease of £108 on average spend per property.
Vantage are offering unprecedented insight into the sectors financial performance via the online tool Global Accounts Plus. Its aim is to empower housing associations to make informed decisions whilst setting future budgets by presenting the final accounts of the top 200 registered providers in a meaningful way.