Council-owned For-profit Provider Reports Exceptional Year
A for-profit affordable housing provider owned by a borough council has reported a £1.2m profit, describing it 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.
- Revenue surged 59% to £2.7m, from £1.7m in 2024.
- The for-profit was registered in 2016 and provides supported housing, shared ownership, and social and affordable rent for residents in the council area.
an "exceptional" year
Its aims include increasing affordable housing supply, generating income for the council, and delivering housing solutions for high-spending council services.
Author's summary: Loddon Homes reports a £1.2m profit in an exceptional year.