Sovereign surplus falls 11% as development slowdown continues

By Carl Brown2022-02-01T11:06:00

Housing association continues to battle inflation and materials shortages

Sovereign has reported an 11% drop in surplus quarter-on-quarter due to ‘headwinds’ caused by materials shortages.

The 60,000-home housing association, in its 2021/22 third quarter update, reported a surplus of £19.6m, down from £21.9m in the second quarter of the year.

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