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LONDON - PenArian Housing Finance PLC announced that its ClwydAlyn division achieved revenue growth of £64 million for the 2024/25 financial year, representing an increase of £6 million compared to the previous year, according to a press release statement.
The housing organization completed 902 new homes during its 2020-2025 Corporate Plan period, with 95% of these properties receiving an EPC A energy efficiency rating. The company secured over £170 million in Welsh Government grants and other capital funding to support its housing development initiatives.
ClwydAlyn also invested £47 million in maintaining and upgrading existing properties. These improvements included over 1,000 homes receiving new boilers and heating systems, more than 900 new windows and doors, over 1,600 new kitchens and bathrooms, and nearly 900 adaptations to support independent living.
The organization maintained its commitment to prevent evictions into homelessness throughout the five-year period, a policy it plans to continue under its newly launched 2025-2030 Corporate Plan.
The new corporate strategy focuses on three main objectives: ending homelessness, providing warm homes, and ensuring access to affordable food. These are supported by two additional enabling objectives related to staff loyalty and corporate support services.
ClwydAlyn reported strong cashflow management, maintaining a minimum of 24 months of committed net cashflows in available funds or facilities. The company recently secured a flexible loan arrangement with Principality to support planned development programs and intends to increase its revolving credit facility in the coming year.
The organization maintained its "A Stable" credit rating with Standard and Poor’s and an "A3 stable" rating from Moody’s.
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