On this page, you will be able to view our key financial metrics, the latest Annual Report & Accounts, and financial statements for our subsidiary companies.
You will also be able to view documents related to our issued bonds and our £1bn euro medium-term note (EMTN) programme.
Summary of the Group's financial results
|
|
FY 23/24 |
FY 22/23 |
FY 21/22 |
|
Turnover |
£271m |
£239m |
£225m |
|
Operating Surplus |
£61m |
£66m |
£66m |
|
Operating Margin (Overall) |
19% |
22% |
24% |
|
Operating Margin (SHL) |
21% |
23% |
28% |
|
Total Comprehensive Income |
£131m |
£75m |
£56m |
|
Tangible Fixed Assets – Housing Properties |
£2,899m |
£2,418m |
£2.221bn
|
|
Total Loans |
£1,591m |
£1,374m |
£1,237m |
|
Cash and Cash Equivalents |
£50m |
£59m |
£137m |
|
Gearing |
53% |
54% |
49% |
|
EBITDA-MRI Interest Cover |
79% |
106% |
144% |
Please note: Ratios in the table above have been calculated per The Regulator for Social Housing’s Value for Money metric definitions. Therefore they may differ from those evidenced to bank lenders as part of annual covenant compliance.
Annual Report & Accounts
Each year, we publish our annual report, which reflects on our financial highlights.
Read our latest Annual Report & Accounts for the year ended 31 March 2024.
Financial statements - 2024
See the financial performance of our subsidiary companies.
- Stonewater 5 Download812.35 KB
- Stonewater Funding Download617.55 KB
- Greenoak Housing Association Download548.07 KB
- Mount Green Housing Association Download807.03 KB
Mid-year performance update
Stonewater is pleased to report its consolidated financial results for the six months ended 30 September 2023 (2023-24 HY).
- 2023 Download2.97 MB
Secured bonds and notes
Below is a summary of our three bonds and notes. We have had one issue of sustainability notes from our £1bn EMTN programme and have two own-named bonds.
|
Sustainability note |
Bond |
Bond |
|
|
ISIN |
XS2382845894 |
XS0830525621 |
XS1603460608 |
|
Maturity date |
10 September 2036 |
20 September 2042 |
2 November 2045 |
|
Coupon rate |
1.625% |
5.034% |
3.375% |
|
Coupon type |
Fixed |
Fixed |
Fixed |
|
Coupon frequency |
Semi-annual |
Semi-annual |
Semi-annual |
|
Bonds issued and sold |
£250m |
£125m |
£178m |
|
Bonds issued and retained |
- |
- |
£72m |
|
Bonds issued and cancelled |
- |
£75m |
- |
|
Bond size |
£250m |
£125m |
£250m |
|
Key documents |
Looking for previous reports?
Find reports and records from previous years on our archive page.
Visit the archive