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Boston Mayflower Finance PLC, a subsidiary of Lincolnshire Housing Partnership (LHP), announced LHP's unaudited trading update for the 9 months to 31st December 2025. For this period, LHP reported a turnover of £51.8m (budget £52.8m), an operating surplus of £14.3m (budget £13.5m), and an operating margin of 27.7% (budget 25.6%). As of 31st December 2025, LHP's available liquidity stood at £96.8m and gearing at 36%, with a Q3 forecast year-end surplus of £10.7m, which is £2.0m favourable to budget.
| Date | 4 Feb 2026 |
| Time | 10:34:30 |
| Category | Trading updates |
| ID | 7115R |
Boston Mayflower Finance PLC
February 2026
Boston Mayflower Finance PLC, a wholly owned subsidiary of Lincolnshire Housing Partnership (a registered Housing Association), announces the trading update for LHP for the 9 months to 31st December 2025.
The figures presented are unaudited and for information purposes only.
With excellent liquidity and strong operating margins, LHP remain in a good position to continue to meet the needs of our customers by investing in new and existing homes and our strategic priorities (Really Good Repairs, Cracking Data & Real Customer Influence).
|
Statement of Comprehensive Income |
31 Dec 2025 |
31 Dec 2025 |
|
|
Actual |
Budget |
|
Turnover |
£51.8m |
£52.8m |
|
Operating Surplus |
£14.3m |
£13.5m |
|
Total Comprehensive Income |
£9.4m |
£8.3m |
|
Operating Margin |
27.7% |
25.6% |
As at P9, both actual and full year forecast metrics are favourable to budget, mainly due to reduced staff costs, insurance premiums and service charge costs.
The Q3 forecast year end position is a surplus of £10.7m, which is £2.0m favourable to budget of £8.7m, and significantly within covenant levels.
|
Key Metrics |
31 Dec 2025 |
|
|
Actual |
|
Gearing (Net Debt/Housing assets at historic cost) |
36% |
|
EBITDA Interest Cover (EBITDA / Net Interest payable) |
441% |
|
Available Liquidity |
£96.8m |
There have been no changes to the Group structure during the period.
For further information or comments on this announcement, please contact: