04 December 2023
Summary:A strong trading performance from MTVH in the six months to the end of September 2023 has allowed us to support residents’ immediate needs, while also investing for the long-term in our homes, communities, and resident services.
Today we published a half-year trading update for the six months to the end of September 2023, providing details of our financial performance over the first half of the year.
The results show that despite a tough economic backdrop we have the financial strength to keep investing in our homes and communities and to support those residents most in need. Our Hardship Fund made payments to residents of £338,000 over the six months, reflecting our commitment to support residents through the cost-of-living crisis.
Our financial strength also means we can continue to build the safe, warm, and affordable new homes that people so desperately need. We completed 293 homes in the first half of the year and are on track to deliver over 815 homes across the full year to March 2024.
Our financial performance over the first half of the year leaves us confident for the full year, and we continue to invest to serve our residents better every day.