Annington's capital strength was confirmed in a landmark c.£4b refinancing that cemented its status as a substantial real estate asset with stable, long-term, government-backed cashflows & growth potential.
The following highlights are taken from the 2019/20 Report and Accounts.
Highlights Financial Year 2020
The carrying value of Group investment properties is stable at
At 31 March 2020,
the Group’s investment properties comprised
40,621 COMPLETED UNITS
Rental income was
Profit after taxation was
The Group sold
The Group recognised sales income of
The Group negotiated an amendment (effective 1 April 2020) to the Term Loan agreement that extends this debt from 2022 to 2025.
The expedited site review process has been a significant area of focus of the business during the year and this is expected to continue as a key focus in the year ahead.
Annington is owned by the private equity firm Terra Firma Capital Partners.