12/11/2021
Flagship announces its half year trading highlights and summary unaudited financial results
Flagship Housing Group Limited (Flagship) trading update and unaudited financial statements for the 6 months ended 30 September 2021
Flagship, the parent company of Flagship Finance Plc and a Registered Provider owning and managing 31,984 homes in the East of England, announces its half year trading highlights and summary unaudited financial results for the 6 months to 30 September 2021.
Headline results and highlights
- Flagship, own and manage 31,984 homes (31,825 at 31 March 2021) – the largest landlord in the East of England, bringing significant regional influence
- Flagship benefit from a G1 / V1 rating from the Regulator of Social Housing – last IDA completed 28 October 2020
- Flagship has maintained its credit rating of A2 (Stable) from Moody’s
- Financial performance remains robust with operating margin increasing from 30.0% to 33.8%
- Unaudited operating profit for the period was £47.9m Housing Properties (net of depreciation) have increased to £1,776m from £1,755m
- Flagship has published its ESG Report, running in parallel with its Sustainable Finance Framework. Both documents are available on our investors hub
To read the full report, please click here