Investor relations
Bromford was formed in 1963, with an objective to meet the growing demand for housing across the West Midlands and surrounding area.
Over the following 50 years the housing association has grown, organically and through partnerships and mergers, to own over 40,000 homes across the Central and South West of England with individual relationships with over 100,000 customers. We are now a top 15 housing association nationally.
Overview
We invest in homes and relationships so people can thrive.
We focus on our core business with over 80% of our revenue from social and affordable housing.
We have published our new Sustainable Finance Framework.
We focus on our key geographies with over 50% of our homes in four key areas.
We aim to deliver 11,000 new homes by 2029.
We have an agile business plan and are a strategic partner to Homes England.
We maintain sector leading credit ratings (A+/A2) through our financial framework.
| Key metrics | 2020/21 | 2020/19 |
|---|---|---|
| Turnover | £266m | £271m |
| Surplus after tax | £62m | £48m |
| Operating Margin | 31% | 30% |
| Asset Gearing | 38% | 40% |
| Interest Cover (EBITDA-MRI) | 1.9x | 1.7x |
| Homes Owned | 44,962 | 44,000 |
| Housing Completions | 902 | 1,027 |
Corporate updates
Use the links below to get a closer looks at our strategy for new homes and partnerships, latest news and updates, historic financial performance, our up to date credit ratings, and our current regulatory judgements.
Outstanding securities
| ISIN | Pricing date | Maturity date | Original amount issued | Outstanding amount | Coupon |
|---|---|---|---|---|---|
| N/A | May-20 | May-61 | £100m | £100m | undisclosed |
| ISIN: XS2138374603 | Mar-20/Jul-20 | Mar-54 | £140m | £140m | 2.554% |
| N/A | Mar-20 | Mar-59 | £40m | £40m | undisclosed |
| N/A | Aug-19 | Aug-33 | £50m | £50m | 2.260% |
| N/A | May-19 | May-39 | £100m | £100m | 3.010% |
| ISIN: XS1815429342 | May-18 | May-48 | £300m | £300m | 3.125% |
| N/A | Jan-15 | Jan-55 | £40m | £40m | 3.870% |
| N/A | Nov-13 | Nov-43 | £35m | £35m | 5.250% |
| N/A | Sep-12 | Jun-37 | £61m | £61m | 4.930% |
Contact details
If you'd like to talk to us about investor relations, please contact:
Imran Mubeen, director of treasury
Call on 07711 221464 or email Imran.Mubeen@bromford.co.uk
You can also register for investor updates.