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On this page, you will be able to view our key financial metrics, the latest Annual Report & Accounts, and financial statements for our subsidiary companies.

You will also be able to view documents related to our issued bonds and our £1bn euro medium-term note (EMTN) programme.

Summary of the Group's financial results

 

FY 22/23

FY 21/22

FY 20/21

Turnover

£239m

£225m

£210m

Operating Surplus

£66m

£66m

£77m

Operating Margin (Overall)

22%

24%

33%

Operating Margin (SHL)

23%

28%

34%

Total Comprehensive Income

£75m

£56m

£53m

Tangible Fixed Assets – Housing Properties

£2,418m

£2.221bn

£2.037bn

Total Loans

£1,374m

£1,237m

£1,083m

Cash and Cash Equivalents

£59m

£137m

£130m

Gearing

54%

49%

47%

EBITDA-MRI Interest Cover

106%

144%

215%

Please note: Ratios in the table above have been calculated per The Regulator for Social Housing’s Value for Money metric definitions. Therefore they may differ from those evidenced to bank lenders as part of annual covenant compliance.

Annual Report & Accounts

Each year, we publish our annual report, which reflects on our financial highlights.

Read our latest Annual Report & Accounts for the year ended 31 March 2023.

Two young children smiling and running into house, parents walking through doorway behind them

Financial statements

See the financial performance of our subsidiary companies.

Mid-year performance update

Stonewater is pleased to report its consolidated financial results for the six months ended 30 September 2023 (2023-24 HY).

Secured bonds and notes

Below is a summary of our three bonds and notes. We have had one issue of sustainability notes from our £1bn EMTN programme and have two own-named bonds.

 

Sustainability note

Bond

Bond

ISIN

XS2382845894

XS0830525621

XS1603460608

Maturity date

10 September 2036

20 September 2042

2 November 2045

Coupon rate

1.625%

5.034%

3.375%

Coupon type

Fixed

Fixed

Fixed

Coupon frequency

Semi-annual

Semi-annual

Semi-annual

Bonds issued and sold

£250m

£125m

£178m

Bonds issued and retained

-

-

£72m

Bonds issued and cancelled

-

£75m

-

Bond size

£250m

£125m

£250m

Key documents

Programme Admission Particulars – 2023 

 

Pricing supplement 

Propectus

Propectus

 

Looking for previous reports?

Find reports and records from previous years on our archive page.

Visit the archive