MTVH has been rated by S&P Global Ratings since 2015 when Metropolitan Funding Plc issued its debut £250m, 4.125% 2048 bond.
S&P current rating: A- (Stable) Affirmed December 2020 (PDF)
MTVH has significant stock holdings in London and the South East, in East Anglia (near Cambridge), and in the East Midlands (centred in Nottingham and Derby). In addition to the ownership and management of its rented portfolio, MTVH is also known as a market leader in the sale of Shared Ownership homes, as well as in the provision of high-quality Care and Support services.
| Key Metrics | 2018/19 | 2019/20 |
| Turnover | £411m | £465m |
| Operating surplus | £149m | £127m |
| Operating margin | 36% | 27% |
| Surplus | £6m | £49m |
| New homes delivered | 1,037 | 1,023 |
| Homes owned, managed or administered | 57,000 | 58,000 |
| Key metrics | 2018/19 | 2019/20 |
| Interest cover (EBITDA-MRI) | 1.73x | 1.66x |
| Gearing | 42% | 42% |
View MTVH Annual Report 2020 (PDF)
Metropolitan Funding Plc sold the £100m of Retained bonds following a series of fixed income investor presentations and calls.
£100m retained bond – Feb 2019 (PDF)
Metropolitan Funding Plc (a wholly owned subsidiary of the then Group Parent, Metropolitan Housing Trust Limited) issued a £250m Bond maturing 2048 at a coupon of 4.125%, with initially £100m Retained.
Bond prospectus – MHT Oct 2015 (PDF)