Eastlight in Numbers 2023-24
An overview of Eastlight Community Homes Limited's latest business performance.
Last year: 12,450
14,500
total homes owned and managed
Last Updated: 16 September 2024
G1/V1
Regulatory grading maintained
Last Updated: 31 March 2024
Last year: 21.7%
24%
Eastlight's operating margin
Last Updated: 31 March 2024
Last year: 162%
160%
EBITDA-MRI interest cover
Last Updated: 31 March 2024
Last year: £7.6
£13m
investment to improve homes
Last Updated: 31 March 2024
70%
residents satisfied with Eastlight overall (TP01)
Last Updated: 31 March 2024
The Tenant Satisfaction Measures (or 'TSMs') measure how tenants feel about the homes and services we provide.
Our latest results can be found here.
Last year: 324
417
new affordable homes built
Last Updated: 31 March 2024
275 new homes for affordable rent.
142 new homes for shared ownership.
*Unfortunately, high interest rates have markedly slowed down our output when delivering more social-rented homes this year.
However, like other housing associations, Eastlight remains committed to doing all we can to meet local housing need.
1,126
homes in contract or on-site
Last Updated: 31 March 2024
- 1,048 from developer-led projects
- 78 from Eastlight-led projects
265
new homes in the pipeline
Last Updated: 31 March 2024
- 196 from developer-led projects
- 69 from Eastlight-led projects.
Last year: 68%
74%
homes EPC-C and above
Last Updated: 31 March 2024
1,174
new tenancies created
Last Updated: 31 March 2024
Last year: 382 (200/182)
461 (230/231)
employees at Eastlight (male/female)
Last Updated: 31 March 2023
9.5% of colleagues belong to an ethnic minority group.
11% have disclosed a disability.
-
Where we started
Eastlight was formed in July 2020 following the merger of two affordable homes providers: Colne Housing and Greenfields Community Housing.
Colne was established in Colchester in 1972, managing near 3,500 homes across North Essex and Suffolk. Greenfields was created following transfer from Braintree District Council in 2007, becoming one of just four community gateway housing associations in England.
The providers joined so they could be ‘stronger together’. Their vision was for a bigger, better and bolder partnership approach to help solve housing challenges and unlock eastern potential for residents and communities.
-
Where we are now
Eastlight is now the largest resident-led housing association in the UK, with 14,500 homes across Essex and the East. We empower residents by listening to their views and working with them across everything we do.
Residents on our Boards and Committees scrutinise business decision-making, and our community empowerment schemes provide local people with the tools they need to make a positive difference.
Building affordable and sustainable homes is evermore important to us, and we are proud to have delivered over 1,000 new homes since 2020.
Equally important is the investment we make in existing stock, reducing our environmental impact and improving the overall performance of our homes.
If you'd like to talk to us about investing or working with us, please contact:
David MullenExecutive Director of Finance |
Alex BowdenHead of Treasury & Strategic Finance |