United Living, the maintenance and new housing specialist, announces record annual financial results.

Turnover for 2018-2019 (April to March) is up 15% on the previous year at £275 million (£240 million in 2017-18), while profits (EBITDA) rose by 8% to £11.5 million (£10.7 million in 2017-2018). Cash balances have increased from £20.6 million to £33.3 million.

ul1

The business has a secured forward order book exceeding £1 billion.

United Living is a significant provider of new, affordable housing and the refurbishment of existing stock. The business has won one of the largest repairs and maintenance contracts with Clarion Housing Group, alongside ongoing work with CityWest Homes to refurbish its assets in Westminster and a long-term partnership with Wolverhampton Homes.

During the year, a new venture - United City Living – was successfully established to support the demands and the opportunities of the private rented sector (PRS). United Living also became part of the Government’s National Developer Partner Panel in all regions and has been appointed to a number of other key frameworks.

 

In June 2019, post the period end, United Living merged with utilities and property services business, Fastflow Group, to create a c.£500 million plus turnover operation employing around 1,100 people.

Neil Armstrong, Chief Executive of the merged business said:“We are delighted with the continued sustainable growth of United Living, which is a testament to the hard work and commitment of all of our people. The enlarged group will provide more opportunities for further progress.”

 

For further information please contact:

Sarah Roots, Head of MarketingandCommunications             Tel: 07825 879382 This email address is being protected from spambots. You need JavaScript enabled to view it.

Notes to Editors

United Living is a leading UK provider of refurbished and living solutions, providing planned maintenance and new housing to clients throughout the country. The group works with registered affordable housing providers, local authorities and private developers to source land and deliver high quality homes and refurbishment programmes. In 2018-2019 UnitedLiving built approximately 1,300 new homes and refurbished more than 500 properties across the country. For more information: www.unitedliving.co.uk

The Fastflow Group is an independent provider of essential services to the utilities and property sectors, working throughout the UK, improving and managing a broad range of client assets. This includes:

  • The maintenance of around 200,000 homes and speedy completion of over 40,000 urgent repairs a year
  • Providing approximately 200 new homes each year for affordable rent through registered housing providers
  • Maintaining water networks across Scotland and the North East of England, providing drinking water to almost three million customers
  • Specialist diversion, repair and maintenance projects on the UK high pressure gas transmission networks