Our strategy is underpinned by a strong balance sheet, a performance driven culture and a rigorous approach to compliance and risk.
|
Statement of comprehensive income (£m) |
2019-20 |
2018-19 |
2017-18 |
2016-17 |
2015-16 |
|
Turnover |
323 |
316 |
357 |
333 |
301 |
|
Operating surplus |
130 |
116 |
116 |
107 |
93 |
|
Surplus for the year |
73 |
42 |
85 |
65 |
45 |
Orbit Fire Risk Assessments are completed by independent experts and not by our internal teams.
All of our blocks have in-date FRAs and we have zero overdue High, Medium or Low actions.
We continue to review our taller buildings, following the guidance set out by MHCLG in January 2020. We are committed to enhancing our fire safety provision in these blocks, should it be required.
To see our latest financial statements for information on our financial performance across the Group and also explore archived statements for previous financial years please click here.
Governance rating – G1. The provider meets the requirements on governance set out in the Governance and Financial Viability standard.
Viability Rating – (V2). The provider meets viability requirements and has the financial capacity to deal with a reasonable range of adverse scenarios. (issued November 2017)
In 2018 Orbit secured a £450m 30-year single-tranche bond, giving us greater flexibility and capacity to support our long-term ambition.
Orbit Capital plc – GBP 450m 3.375% 30 year due June 2048
As a valued investor, your primary contacts can be found below:
Jonathan Wallbank - Interim Group Finance Director
Email - jonathan.wallbank@orbit.org.uk