In 2018 United Living published its strongest ever annual financial results, as the business announces its diversification into the private rented sector (PRS) with its new venture, United City Living.
Turnover for 2017-18 is up 33% on the previous year, while profits (EBITDA) rose by 13%. United Living has a secured forward order book exceeding £800m with a further £175m in negotiation and a commitment to achieve profitability of 5% per annum.
United Living is a significant player in the refurbishment market having won one of the largest repairs and maintenance frameworks with CityWest Homes to refurbish their assets in Westminster alongside ongoing large frameworks with Wolverhampton Homes and Clarion Housing Group.
United Living has also become part of the Government’s National Developer Partner Panel in all regions and has been appointed to a number of other key frameworks during the course of the year.
LDC exited its investment in United Living in 2019, in a deal which merged the business with utilities and property services business Fastflow Group.