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, in what it described as an "exceptional" year.
Loddon Homes, which is 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.
Its revenue surged 59% to £2.7m, from £1.7m in 2024.
- Registered in 2016
- Provides supported housing, shared ownership, and social and affordable rent for residents in the council area
- Aims to increase affordable housing supply, generate income for the council and deliver housing solutions for high-spending council services
An "exceptional" year
Any savings are then invested back into communities and services throughout the borough.
Author's summary: Council-owned provider reports £1.2m profit.
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