Eastlight in Numbers 2023-24

An overview of Eastlight Community Homes Limited's latest business performance.

Last year: 12,450

14,500

total homes owned and managed

Last Updated: 16 September 2024

G1/V1

Regulatory grading maintained

Last Updated: 23 December 2024

Last year: 21.7%

24%

Eastlight's operating margin

Last Updated: 31 March 2024

Last year: 162%

160%

EBITDA-MRI interest cover

Last Updated: 31 March 2024

Last year: £7.6

£13m

investment to improve homes

Last Updated: 31 March 2024

70%

residents satisfied with Eastlight overall (TP01)

Last Updated: 31 March 2023

The Tenant Satisfaction Measures (or 'TSMs') measure how tenants feel about the homes and services we provide. 

 

Our latest results can be found here.

Last year: 324

417

new affordable homes built

Last Updated: 31 March 2024

275 new homes for affordable rent.

142 new homes for shared ownership.

*Unfortunately, high interest rates have markedly slowed down our output when delivering more social-rented homes this year.

However, like other housing associations, Eastlight remains committed to doing all we can to meet local housing need.

Last year: 923

1,126

homes in contract or on-site

Last Updated: 31 March 2024

  • 1,048 from developer-led projects
  • 78 from Eastlight-led projects

Last year: 257

265

new homes in the pipeline

Last Updated: 31 March 2024

  • 196 from developer-led projects
  • 69 from Eastlight-led projects.

Last year: 68%

74%

homes EPC-C and above

Last Updated: 31 March 2024

1,174

new tenancies created

Last Updated: 31 March 2024

Last year: 382 (200/182)

461 (230/231)

employees at Eastlight (male/female)

Last Updated: 31 March 2024

9.5% of colleagues belong to an ethnic minority group.

11% have disclosed a disability.

  • Eastlight House sign (HQ in Braintree)

    Where we started

    Eastlight was formed in July 2020 following the merger of two affordable homes providers: Colne Housing and Greenfields Community Housing.

    Colne was established in Colchester in 1972, managing near 3,500 homes across North Essex and Suffolk. Greenfields was created following transfer from Braintree District Council in 2007, becoming one of just four community gateway housing associations in England.

    The providers joined so they could be ‘stronger together’. Their vision was for a bigger, better and bolder partnership approach to help solve housing challenges and unlock eastern potential for residents and communities.

  • A woman in a wheelchair is speaking to a man stood next to her.

    Where we are now

    Eastlight is now the largest resident-led housing association in the UK, with 14,500 homes across Essex and the East. We empower residents by listening to their views and working with them across everything we do.

    Residents on our Boards and Committees scrutinise business decision-making, and our community empowerment schemes provide local people with the tools they need to make a positive difference.

    Building affordable and sustainable homes is evermore important to us, and we are proud to have delivered over 1,000 new homes since 2020.

    Equally important is the investment we make in existing stock, reducing our environmental impact and improving the overall performance of our homes.

Eastlight Statement Of Accounts Graphic

Statement of Accounts

Read our audited accounts and our latest achievements, for year ending March 2024.

Eastlight Esg Report Graphic

ESG

Read our recent performance against the Sustainability Reporting Standard for Social Housing (SRS).

Value for Money Report 2023-24 cover

Value for Money

Our Value for Money Report, for year ending March 2024.

Eastlight Corporate Strategy Website Banners Photoroom Png Photoroom (1)

Corporate Strategy

Our five-year strategy outlines our commitments to our people, residents and communities.

Elh098 Sustainability Strategy 4

Commitments to Sustainability

Our strategy outlines how we have committed to becoming a more sustainable organisation.

Four women and a man are walking side by side along a gravel path.

Social Impact

Find out how Eastlight makes a difference to the lives of our residents and communities.

If you'd like to talk to us about investing or working with us, please contact:

David Mullen Investors Page

David Mullen

Executive Director of Finance
Alex Bowden Investors Page

Alex Bowden

Head of Treasury & Strategic Finance