With an annual turnover of nearly £150 million, we have an ‘A with a stable outlook’ S&P rating and a ‘V2’ regulatory assessment for viability.
Our job is to deliver strategic priorities by spending on the right things and securing value for money.
We aim to maintain at least two years’ supply of finance to cover operating costs, and keep our financial covenants with lenders under constant review so we can continue to build more homes, improve existing properties and develop our services.
Our annual accounts and value for money statement demonstrate how each one per cent saving we make through controlling costs and careful procurement creates around £250,000 of opportunity to do something valuable.
We manage our income and expenditure to cope with any likely future changes to the national social housing rent settlement, and stress-test projections through a 30-year financial plan.
For investors and partners
Value for money
Operational goals
“Our S&P rating with a stable outlook recognises that, against the challenging external economic environment, emh remains a good investment. This stable outlook reflects our board’s confidence that we are financially robust with the resilience to manage any challenges ahead.”
Geoff Clarke, Executive Director – Finance