Following a year of sustained expansion, Places for People has announced growth in both turnover and operating profit. The organization’s 2025/26 Annual Report reveals a turnover surpassing £1.23 billion, marking a rise from the previous year’s £1.06 billion, alongside a £40 million increase in operating profit.
Financial Performance and Growth Strategies
This performance resulted in an underlying operating margin of 22.6%, an improvement from 19.3% in 2024/25. The group’s expansion was driven by mergers and the addition of new homes to its portfolio, coupled with a focus on operational efficiency to enhance financial metrics and profitability.
Housing Development and Innovation
In collaboration with partners, the housing association completed 2,509 new homes during this period, with 77% classified as affordable, including 512 homes for social rent—a record achievement. The group also achieved its strongest performance in Modern Methods of Construction, partnering with local authorities on modular housing projects in Salford and Bristol to alleviate temporary accommodation challenges.
Addressing Homelessness and Sustainability
Places for People’s homelessness initiatives provided full support to 8,500 individuals facing or at risk of homelessness. Concurrently, the organization released its ESG Report, tracking progress toward its 2024 targets. Notable achievements include diverting over 98% of waste from landfills across workplaces, leisure centers, and development sites, and incorporating renewable energy technologies in more than half of newly constructed homes. Additionally, through PfP Thrive, 673 training sessions focused on green and future skills were conducted.
Strategic Mergers and Leadership Perspective
The recent merger with Origin, followed by mergers with South Yorkshire Housing Association and Elim Housing, has bolstered Places for People’s national presence, particularly in Sheffield and Bristol. Greg Reed, PfP Group CEO, commented: ”As Number 10 ushers in a new era of collaboration, PfP’s success over the past year demonstrates the true power of partnership.
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