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Paragon Asra Housing Ltd

Asra and Paragon have recently joined together to form Paragon Asra Housing Ltd (PA Housing). PA Housing is a leading provider of housing for people and communities across central and southern England. We support more than 50,000 customers who live in more than 24,000 homes.

Investor Relations

We welcome approaches from new investors.

We build homes in areas where there is an overwhelming demand for affordable housing.  We have a strong business plan and are committed to using our financial capacity to grow the business and provide more high-quality new homes with low levels of subsidy.

To meet our aim we need a diverse range of funding which is structured cost-effectively to provide the necessary investment funds and maintain liquidity.

Our strategy

Following our bond issue in early 2015, and the successful amalgamation to form PA Housing, our strategy is to continue to fund responsible growth, with investment enhancing the value of the business.

Our governance

Our board members are responsible for governing PA Housing. Their central role is to direct our work and determine direction and strategy in an effective and accountable way. As a business for social purpose we believe that it is important that we are open and transparent in all that we do.

Latest News - 28 September 2017

2016/17 financial statements 

Paragon Treasury Plc’s parent company, Paragon Asra Housing Limited (‘PA Housing’), announces the release of its audited financial statements for the financial year ended 31 March 2017. These are the final financial statements released by the two entities which amalgamated on 13 April 2017 to form PA Housing, namely Paragon Community Housing Limited (‘PCHL’) and asra Housing Group Limited (‘AGL’). 

PA Housing is pleased to confirm that both organisations delivered strong results for the 2016/17 financial year, with key figures as follows: 

 

PCHL

AGL

Combined

Turnover £m

71.8

90.0

161.8

Operating surplus £m

28.2

30.1

58.3

Operating margin

39%

33%

36%

Net surplus £m

20.6

5.2

25.8

Total assets less current liabilities £m

748.5

959.6

1,708.1

Cash reserves £m

59.9

26.9

86.8

Financial indebtedness £m

354.0

396.0

750.0

Properties owned / managed

9,050

14,543

23,593

Note: the ‘Combined’ column above represents a simple aggregation of the PCHL and AGL results, not an accounting consolidation, and is included merely to provide a guide as to the financial metrics of the new organisation PA Housing 

These results evidence a solid financial base position from which the newly amalgamated PA Housing can prosper as it works towards its purpose of delivering more affordable homes and great customer services. 

The full audited financial statements for both PCHL and AGL are available by clicking on the buttons below. 

Report and financial statements

 

Value for money report

Please contact our Finance Director Simon Hatchman for further information.

Media & press contact

Simon Hatchman
Executive Director of Resources

0116 257 6716
simon.hatchman@pahousing.co.uk

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