PERFORMANCE AND GOVERNANCE

Our performance

Monitoring our performance is key to making sure we’re getting things right. That’s why we have a set of key performance indicators (KPIs) which we regularly monitor. These provide us with a clearer picture of where we’re performing well and where there’s room for improvement. Monitoring these metrics with laser-like focus helps us to be more agile in our decision making, address emerging issues and deliver an improved customer experience.

In the coming pages, we’ve included a number of KPIs and Value for Money metrics which give a picture of our performance during the last year. We’ve made good progress as we respond to the challenges of tackling a backlog of repairs and complaints. However, we know we need to do more and that it will likely take time for all our customers to appreciate the benefits of the improvements we’ve made. Financially, we’ve improved an already strong position when it comes to rent arrears and from a development perspective, we’ve been able to build more much-needed affordable homes and sell more homes to those wanting to get on the property ladder. Across the business, we’ve continued to make improvements while focusing on the bigger picture of supporting our customers and providing safe, affordable homes.

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 Key metrics
 Tenant Satisfaction Measures (TSMs)

Portfolio KPIs

0.84%

Total rent arrears

0.79%

Total rent loss

896

Completed developments

Value for Money (VfM)

0.3%

Reinvestment

0.4%

New social housing delivered

0.6%

Gearing

0.8%

EBITDA MRI Interest Cover

0.7%

Social housing operating margin

0.7%

Overall operating margin