TARGET HOUSING LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Hawsons Chartered Accountants

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After due consideration of all relevant factors, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”

Significant events

• “Target's turnover increased to £18.6m, a rise of more than 20% on the previous year, reflecting the scale and breadth of the support we now provide.”
• “By March 2025, we managed 1,085 properties across Yorkshire, the East Midlands and the Humber, up from 986 in the previous year.”
• “Twenty-eight new acquisitions were completed, enabled by our continued partnerships with Homes England, Charity Bank and Social and Sustainable Capital (SASC).”
• “After several years of deficit, we returned to surplus with a positive outturn, a testament to the resilience of our staff and the careful stewardship of resources.”
• “CQC registration achieved in June 2024.”
• “The charity delivered an operating surplus of £421k (2024: £71k). After interest payable... the net surplus for the year was £101k (2024: £190k deficit).”
• “Cash flow from operating activities was £3.20m (2024: £1.08m), demonstrating strong underlying cash generation. However, investment in housing stock required £3.59m of capital expenditure, largely funded through new loan drawdowns of £1.33m.”
• “Capital commitments: As at 31 March 2025 the charitable company had contracted to purchase fixed assets amounting to £165,000 (2024: £1,414,000).”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +21.1%

  £15,383,742 → £18,627,965

• Cash

  +50.4%

  £1,075,301 → £1,617,714

• Net assets

  +4%

  £2,496,263 → £2,597,060

• Employees

  +6.6%

  183 → 195

• Operating profit

  +492.3%

  £71,019 → £420,623

• Wages

  +13.3%

  £4,616,398 → £5,228,890

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers