Housing Plus Group has reported a £37.8m surplus in its first full financial year, and invested £145.6m in new and existing homes.
The housing provider manages 34,000 homes across Staffordshire, Shropshire, and Telford & Wrekin. During 2025/26, the investment included £39.3m on maintaining and improving existing properties. The group also delivered 719 new homes for people in housing need.
Its money advice teams received 4,712 referrals and helped customers achieve £10.7m in financial outcomes.
Planned investment in services includes a repairs service designed around customer demand, with more repairs completed on the same day. The group will also continue its programme of investment in existing homes and support for customers struggling financially.
Housing Plus Group aims to build 3,500 additional homes by 2031, while increasing investment into existing homes.
Wayne Gethings, group chief executive at Housing Plus Group, said: “Achieving a £37.8m surplus is a strong result, it’s down to the hard work of our great team, but the important story is what that allows us to do for our customer and communities.
“We don’t make a profit or pay dividends, so our financial strength gives us the capacity to invest in the things that matter most to customers.
“That means improving our repairs service so we can do more jobs on the same day. It means investing in kitchens, bathrooms and other improvements through our planned programme. It means building more affordable homes. And it means being there with practical help when someone is struggling with money.
“Ultimately, that’s why financial strength matters to us. It allows us to do more for our customers and communities and to create places people are proud to call home.”
Richard Nowell, interim chief financial officer at Housing Plus Group, said: “These results give us a strong platform for the future.
“Generating a surplus gives us the financial capacity and resilience to keep investing while managing the pressures facing the housing sector.
“We’re focused on making every pound work hard for our customers. That means maintaining a strong financial position while directing investment into existing homes, new affordable housing and the services our customers need for the long term.”
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