Ashton Pioneer Homes is a “not-for-profit” organisation, meaning that all surpluses are reinvested in the company. With a turnover of just over £4.5m, APH is an important business in the local community.
The Association has a funding facility with the Nationwide Building Society which initially enabled the acquisition of housing stock from Tameside MBC. This credit arrangement also enables further investment in new and existing developments. We have a 30 year business plan to ensure that we meet our commitments, which currently stand at around £10.1M.
We can comply with the Government’s rent-setting regime without detriment to our services, or to our continuing investment in homes and estates. Our homes are already fully Decent Homes compliant.
Consolidated Financial Performances