REG - Connexus Homes Ltd Herefordshire Cap. - Annual Financial Report

SavillsAnnouncement

03/09/2025 16:30

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RNS Number : 8986X  Connexus Homes Limited  03 September 2025

Regulatory Announcement - Herefordshire Capital Plc

 

Issuer:

Herefordshire Capital Plc

Registered in England and Wales (No. 9279170)

Registered Office: The Gateway, Auction Yard, Craven Arms, SY7 9BW

 

Date: 03 September 2025

 

Subject: Announcement of Year End Results

 

Details:

 

 

Herefordshire Capital PLC has published its audited Annual Report and Accounts
for 2024/25.

 

Despite the challenging economic environment, Group operating surplus improved
to £16.9m, compared to £15.3m in the previous year. Connexus Homes Limited
delivered an extensive repairs programme and capital improvement programme in
year, improving the quality of its housing stock which will strengthen its
position in the long term. Its rent collection performance was strong compared
to peers. It has strong liquidity and available security to meet its future
business plans which provides assurance about its going concern status.

 

Connexus Homes Limited has a healthy level of available uncharged security. A
group full market valuation was undertaken in 2023 by Savills Valuers. The
valuation saw a significant uplift on the values received in 2020 which were
subject to a material uncertainty clause.

 

There are circa 2,835 uncharged dwellings available for security which have an
estimated valuation of £174.4m, against which further security can be applied
if required. These pools are being managed in line with future funding plans,
funder security covenant requirements and market changes to the extent they
effect security valuations.  The annual report and accounts can be found here
(https://connexus-group.co.uk/documents) .

 

 

Enquiries:

 

Media

Steve Atkin, Head of Communications and Marketing, Connexus Homes Limited

+44(0) 332 31 32 33

 

Investors

James Taylor, Finance Director, Connexus Homes Limited

+44(0) 332 31 32 33

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