The merger will lead to a 32,500 unit association from the Midlands to the North West.
See below from figures etracted fro Inside Hosuing:
Association | Homes owned & managed | Turnover | Costs | Operating margin (%) | Surplus | First tranche shared ownership sales income | Market sales income | Turnover from social housing lettings (%) |
---|---|---|---|---|---|---|---|---|
Adactus | 13000 | 71.2 | 44.9 | 36.9 | 14.7 | 1.8 | 5 | 78.5 |
New Charter | 19500 | 103.2 | 77.9 | 24.4 | 3.6 | 0 | 0 | 85.8 |
Merged landlord | 32500 | 174.4 | 122.8 | 29.5 | 18.3 | 1.8 | 5 | 82.8 |
Figures from 2015/16 annual accounts. All figures in £m unless stated.