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Quarterly Business Review June 2021.pdf

MORhomes-Business-Review-Jun-2021.pdf
Preview of Quarterly Business Review June 2021
🔗 Source: morhomes.co.uk
📊 Size: 910 KB
👤 Author: AndrewMorton
⬇️ Downloads: 55

Summary

MORhomes PLC released its business review for the quarter ending 30 June 2021, highlighting positive audited results for the year to 31 March 2021, with loans up 46% to £457m, and an encouraging start to the current financial year. The company's borrower management accounts showed positive performance, with turnover and surplus better than budget, and net debt and net financing costs below budget. MORhomes borrowers were less impacted by sales activity than the industry average, with lower voids and arrears. The company has made progress on security charging, with 89% of total loans outstanding secured, and has agreed a new Second Secured Debt facility.

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Description

MORhomes PLC released its business review for the quarter ending 30 June 2021, highlighting positive audited results for the year to 31 March 2021, with loans...

Technical Information

  • File Format: PDF
  • File Size: 910 KB
  • Pages: 9
  • Language: EN
  • Author: AndrewMorton
  • Total Downloads: 55
  • Last Updated: 1 month ago

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