What is surplus and what happens to the money we make each year

September 16th, 2016 in Mark Henderson, Home Group CEO, blog

'Surplus' highlighted in a dictionary

Each year, like many listed companies, we share our financial results with a group of interested parties, including customers, the Stock Exchange, our colleagues, the media and our regulators.

And like any business we want to run in an efficient way, making sure we keep costs reasonable and our processes as lean as possible. The similarities stop there though, because as a social enterprise and charity we are a non-profit making organisation. It doesn’t stop us being commercially minded. But it does mean that any money we make after costs and taxes isn’t given back to shareholders, each and every penny is spent on building affordable housing and support services for those who need it. We call this our ‘surplus’.

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