Autumn 2025

Financial Overview – Spending Breakdown

As a Community Benefit Society, SLH operates as a not-for-profit organisation, fulfilling our social mandate through the provision of high-quality homes and services.

Through our current business strategy of Growing, Greening and Transforming, we’re pleased to report strong financial performance in our SLH Annual Report and Financial Statement 2025 and are proud to have maintained our G1/V2 RSH regulatory gradings (G1 Governance and V2 Financial Viability – both compliant grades).

2024-25 in numbers

Throughout 2024-25 we have continued to invest all monies received into improving our existing homes, service and neighbourhoods, whilst delivering on our ambitious business goals to improve the energy efficiency of existing homes and to deliver 26 new affordable homes.

3366 Homes
£12.1M Invested in improving customers’ homes through major repairs, including energy efficiency improvements.
£1m Spent on damp & mould.
£903k Spent on building safety.
£5.2m Invested in delivering 26 new homes, including in Kendal, Natland, Kirkby-in-Furness and Austwick.

We currently manage more than 3300 properties, with homes and communities in Kendal, Ulverston, Ambleside, Walney, the Lake District National Park and Sedbergh in the Yorkshire Dales National Park.

Find out more in our Environmental, Social & Governance (ESG) Report 2025.

Where our money is spent

A detailed breakdown is provided below to illustrate how each £1 pound of rent and service charge is allocated, demonstrating our commitment to maintaining safe, comfortable, and welcoming homes and communities.

38% Repairs & Maintenance Keeping homes and communal areas safe and well maintained
32% New homes & improvements Building new homes and improving existing ones
18% Management & Services Supporting day-to-day running and resident services
7% Community investment Supporting local projects, wellbeing, and engagement
5% Other Costs Including compliance, insurance, and reserves