Home REIT, an investment firm set up to buy accommodation for the homeless and now in the process of being wound down after various troubles, has published its accounts for 2023.
Financial statements from the company have been delayed for years. Its 2022 results were finally published in October 2024.
The latest results show a fall in net asset value to £216.9m in the year to 31 August 2023, from £345.9m a year earlier. The company made a loss of £118.2m.
Chair Michael O’Donnell described the publication as “a further positive step toward the relisting of the company’s shares”, which have been suspended.
“We remain focused on optimising the value of the portfolio and maximising returns to shareholders, while keeping disruption to underlying residents to a minimum, in line with the company’s managed wind-down strategy,” O’Donnell added.
“The company has made significant progress in recent months, with debt now fully repaid and the remaining portfolio launched for sale.”
On publication of the results, Lynne Fennah, Marlene Wood, Peter Cardwell and Simon Moore have now stood down from the board.
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