Paragon Asra Housing Limited ('PA Housing') trading update and unaudited financial results for the period ended 31 March 2021
PA Housing, the parent company of Paragon Treasury Plc and a Registered Provider owning and managing 23,000 homes in the East Midlands, London and Surrey, announces its trading highlights and unaudited summary financial results for the 2020/21 financial year.
Over the year, PA Housing has delivered an operating surplus of £40.3m from turnover of £156.8m, equating to an operating margin of 26 per cent. Total comprehensive income after interest and other adjustments (including positive movement of £14.3m on fair value of financial instruments as at the reporting date) was £27.7m. Total available liquidity as at 31 March 2021 was £264m.