Welcome
Executing the right strategy for Sanctuary
Sanctuary is an organisation with social purpose at its heart. We pride ourselves on being resilient, financially-strong and well-managed - because those qualities enable us to deliver our mission and serve our customers.
Our Corporate Strategy
Our Corporate Strategy focuses on:
- Putting our customers first
- Investing in our assets
- Growing our services
2022/23 Annual Report and Financial Statements
Sanctuary is pleased to report a strong performance for the financial year 2022/2023. The last 12 months have seen another period of growth and recovery from the pandemic. The Group’s financial results reflect this progress with an improvement in surplus before tax which has been invested back in record reinvestment spend of £96m, while maintaining appropriate levels of financial robustness and resilience.
Key financial highlights:
- Homes in management up 13.4% to 119,695
- Revenue up 16.2% to £943.8m
- Operating surplus up 11.8% to £199.6m
- Operating margin of 21.1% (2022: 22.0%)
- Underlying operating margin of 20.0% (2022: 21.2%)
- Social housing operating surplus margin of 33.1% (2022: 35.7%)
- Surplus before tax up 72.9% to £101.3m
- Underlying surplus before tax up 23.1% to £58.1m
- EBITDA up 9.0% to £279.8m
- EBITDA MRI interest cover of 120.3% (2022: 128.4%)
- Cash and undrawn facilities of £614.1m (2022: £535.1m)
Revenue growth across all business areas, combined with £51.9m of additional revenue from in-year business combinations, has resulted in total Group revenue of £943.8m, an increase of £131.3m (16.2%) from the prior year.
Our next investors update is scheduled for 5 July 2024.
Investors News
Boards approve Johnnie Johnson Housing joining Sanctuary
Johnnie Johnson Housing (JJH) is set to join Sanctuary as a subsidiary following the approval of the Boards of both organisations.
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We’ve published our new Decarbonisation and Net Zero Strategy 2023-2026
We’ve published our new 2023-2026 Decarbonisation and Net Zero Strategy, demonstrating our ambition to decarbonise our homes and operations for the benefit of our customers and the environment.
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Sanctuary appoints new non-executive Board member
Sanctuary is pleased to announce that it has appointed Olu Odeniyi to its Group Board as a non-executive member.
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Sanctuary publishes Annual Report and Financial Statements for 2022/2023
Sanctuary is pleased to report a strong performance for the financial year 2022/2023. The last 12 months have seen another period of growth and recovery from the pandemic.
Read this article
We’ve published our new Sustainability Report for 2022/2023
We’ve published our 2022/2023 Sustainability Report, demonstrating our ambition to make a difference in society and a positive impact for our customers.
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Sanctuary and Johnnie Johnson Housing discuss business combination
Sanctuary and Johnnie Johnson Housing (JJH) are excited to announce that they are in the early stage of discussions to enter into a business combination.
Read this articleRegulation
We are regulated by the Social Housing Regulator in England, the Scottish Housing Regulator in Scotland, the Care Quality Commission in England and the Care Inspectorate in Scotland.
Our entities
Learn about our companies and legal entities.