L&Q Records Record Surplus
6th July 2012
Housing association L&Q, the largest housing provider in London and the South East, has announced a solid set of financial results for 2011/12 which will increase investment in homes, services and communities.
Despite a struggling economy and reduced capital grant, L&Q delivered a £95 million surplus. This has been immediately reinvested in new homes, as well as services for residents in the Association's existing homes and their local communities.
Last year L&Q completed 1,620 homes, started work on another 1,384, and increased their development pipeline of much-needed new homes from 8,000 to 10,300.
At the same time, L&Q boosted its investment in their portfolio of 68,600 homes across London and the South East.
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