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# Housing provider bosses hail financial results
- URL: https://lichfieldlive.co.uk/housing-provider-bosses-hail-financial-results/
- Published: 2024-07-31T06:03:00.000Z
- Updated: 2024-07-30T08:40:10.000Z
- Description: Bosses at a local housing provider have hailed the company’s financial results.
- Author: Lichfield Live
- Tags: Business, #wp, #wp-post, #Import 2026-07-22 18:53, News

BOSSES at a local housing provider have hailed the company’s financial results.

Bromford said turnover rose in the year to 31st March 2024 to £314million.

The company’s results also showed its net surplus increase to £67million, while investment in existing properties increased by 14% to £64million.

Bosses say the financial position means they have “significant capacity” to deliver future growth plans.

Chief executive Robert Nettleton said:

> “I am pleased to report a strong set of results in what has been a challenging operating environment.  
>  
> “We’ve delivered 1,191 homes all of which are affordable, while many of our peers are reducing or withdrawing from building new homes.  
>  
> “I am especially proud that our customer advocacy score has increased to 91%, the highest it has ever been.” 

Bromford also saw a £299million investment in new homes, with 155 built by its in-house construction team.

Chief finance officer Paul Walsh added:

> “Our robust financial position provides us with the capacity to meet the growing needs of our existing and new homes programmes, reinforcing our long-term commitment to our customers and communities.”