State of the Sector Analysis FY24/25
Presenting the definitive headline financial results from the Vantage Global Accounts Plus analysis
126
Registered Social Housing Providers
2,736,725
Social Housing Units Owned and Managed
90%
Of Sector Turnover
In Brief: Our headlines analysis
£24.50BN
Total turnover
Up 8.1% on last year
£5.95BN
Employment costs reached 9% up on last year
£94.95BN
Average debt
An increase of 8.6%
£5.34BN
Operating Surplus
Increase of 10.2%
49,000
UNITS BUILT OR ACQUIRED
A DECREASE OF 2%
£5,856
HEADLINE SOCIAL HOUSING COST PER UNIT
A 9.8% INCREASE
£19.08BN
Social housing turnover
An increase of 9.1%
£1.20BN
SURPLUS ON DISPOSAL OF PROPERTIES
AN INCREASE OF 25%
£3.80BN
INTEREST PAYABLE
AN INCREASE OF 9%
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“The Vantage state of the sector data gives me exactly what I need to help understand the context in which I’m operating. The information allows me to put into perspective what’s happening at my own association, how we are responding to the challenges and what else we need to be thinking about doing. The breadth of data, the objectivity and quality make it an invaluable resource and the report is the one I use with my own Board when we are looking at strategy.”
Gavin Cansfield, Chief Executive Officer, MOAT
Analysis of Operating Margin
Total Repairs and Maintenance Cost
Routine Maintenance
TOTAL FY24/25: £3.40BN
TOTAL FY23/24: £3.07BN
Planned Maintenance
TOTAL FY24/25: £1.29BN
TOTAL FY23/24: £1.21BN
Major Repairs Expenditure
TOTAL FY24/25: £0.80BN
TOTAL FY23/24: £0.70BN
Total sum of capitalised components
TOTAL FY24/25: £3.53BN
TOTAL FY23/24: £2.92BN
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“The state of the sector report has allowed us to quickly understand where other RP’s in our industry are heading and identify emerging trends on a regional and national level. Using sector specific data points it allows us to make more effective decisions from a trusted source and assess progress against our corporate strategy.”
Paul Wright, Director of Finance and Procurement, Gentoo Group