Gentoo surplus drops due to £6m impairment charge

By Carl Brown2025-10-22T09:00:00

Balance sheet value of three towers now earmarked for demolition drops

Gentoo’s overall surplus fell as it wrote down the value of three tower blocks it has since decided to demolish.

The 28,000-home Sunderland-based landlord, in its annual financial statement for the year to 31 March, reported a surplus of £10.3m, down from £12.1m the previous year. Its operating surplus fell from £41m to £38m.

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