Thirteen Group Reports Strong Financial Results

Thirteen Group, one of the leading housing associations in the North East and Yorkshire, has announced robust financial results for the latest fiscal year, marked by a significant increase in surplus and substantial investment in new home development.

The group’s surplus for the year surged to £29 million, an 18.8% increase from the previous year’s surplus of £24.4 million.
Turnover increased by £9.3 million compared to the prior year, further demonstrating the organisation’s sustained revenue growth.
The group invested an additional £57 million into the development of new homes, reinforcing its commitment to addressing the region’s housing demands.

Thirteen Group continues to focus on tackling the housing crisis in the North East and Yorkshire by increasing the availability of high-quality, affordable homes. Their development strategy prioritises growth in areas with the greatest housing need, particularly within the Tees Valley region.

The group has committed to a good growth strategy, which guides their approach to new developments. The aim is to create thriving residential hubs by delivering homes that align with local demand and community needs.

As Thirteen Group continues to strengthen its financial and operational performance, its commitment to creating sustainable, affordable housing remains central to its mission. With increased investments in new developments, the organisation is well-positioned to make a significant impact on the housing sector in the North East and Yorkshire in the coming years.