Guinness Partnership says its missed figure by more than a third
Housing landlord Guinness Partnership said building safety delays meant it did complete more than a third of its targeted homes in the 2025/26 financial year.
In its annual financial statement, the firm said it completed 793 homes in the year to 31 March. This was up from the 699 completed the previous year but a long way off its original target of 1,281 completions.
The landlord said: “We completed fewer homes than originally targeted due to Building Safety Regulator Gateway 2 and building control sign-off delays which have also led to some schemes progressing more slowly than anticipated.”
The group started work on 239 homes, beating its target of 175 and it said that as of 31 March it had more than 2,400 homes on site.
Guinness’ overall turnover fell slightly by 1.1%, from £534.7m to £528.9m. But the group however moved back into surplus for the year. It reported a surplus of £10.9m, compared to a £10.8m deficit in 2024/25.
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