Council-owned for-profit provider reports ‘exceptional’ year

It aims to increase affordable housing supply, generate income for the council and deliver housing solutions for high-spending council services, such as children and adult services. Any savings are then invested back into communities and services throughout the borough.

It collaborates with Wokingham Borough Council and developers to deliver homes through land-led developments, Section 106 agreements and open market acquisitions.

The for-profit said “progress in resolving long-standing inter-company balances” helped it achieve its bumper profit for 2025, describing the year’s results as an “exceptional situation”. If it weren’t for this transaction, pre-tax profit for the year would have been just £114,000, primarily driven by shared ownership sales.

Loddon Homes resumed development activity last year for the first time since 2022. It secured six shared ownership homes, which generated £704,000 in sales income.

It also acquired two houses in multiple occupation, supported by a £950,000 grant from Homes England and an additional grant from the council.

The deal marked the beginning of a new partnership aimed at expanding supported housing and helping the council with cost avoidance in high-spend areas.

The for-profit said it also faced rising inflation and higher interest rates on borrowing during 2024-25. At the end of the year, Loddon’s total portfolio stood at 185 homes, up from 169 in 2024.

Its social rent portfolio totalled 138 homes, up from 128 the previous year, while its low-cost homeownership portfolio was 47 homes, up from 41 homes the previous year.