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) |
2017-18 |
2016-17 |
2015-16 |
2014-15 |
2013-14 |
|
Turnover |
357 |
333 |
301 |
250 |
221 |
|
Operating surplus |
116 |
107 |
93 |
84 |
98 |
|
Surplus for the year |
85 |
65 |
45 |
36 |
67 |
We can confirm all of our blocks meet current fire safety standards and regulations and all have valid, up-to-date Fire Risk Assessments (FRAs) in place. Please note all FRAs are completed by independent experts and not by internal teams at Orbit.
We have completed visits to all of our blocks, reassuring customers about fire safety.
All of our blocks are compliant with the DCLG requirements; we have been working closely with the DCLG, sharing information as required. Once the ‘Grenfell Tower Inquiry’ has taken place we will review the findings and take action where appropriate.
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 - Director of Treasury and Corporate Finance
Email - jonathan.wallbank@orbit.org.uk
Joy Baggaley - Group Finance Director
Email - joy.baggaley@orbit.org.uk