Jigsaw Group is set to consolidate its four registered social housing providers into a single organisation, with the target date for completion by 31st March 2027.
The move will see Jigsaw Homes Group, Jigsaw Homes Midlands, Jigsaw Homes North and Jigsaw Homes Tameside come together as one provider.
Additionally, Jigsaw Homes Group Limited released its unaudited trading update for the six months ended 30th September 2025.
The group delivered 254 new homes in that period, with properties offered for affordable rent, social rent, rent to buy, and shared ownership.
The development strategy remains on track to deliver around 4,000 new homes by April 2026.
Around £100m was spent on maintenance during 2024/25, with investment continuing into 2025/26.
The group has maintained its G1/V1 regulatory rating and an A2 credit rating from Moody’s.
As of 30th September 2025, 81% of performance key performance indicators (KPIs) were on target.
The group had 1,111 homes on site across 56 schemes, with 42 new units started in the six-month period.
Operating surplus and surplus after tax to 30th September 2025 were up on previous periods.
Financial performance is currently forecast to be slightly better than expected for the year ending 31st March 2026.
Turnover for the six months was £122m, with 92% from social housing lettings.
Operating surplus was £40m, 33% of turnover, and surplus after tax was £25m, 21% of turnover.
EBITDA-MRI interest cover stood at 175%.
At 30th September 2025, Jigsaw had over £2bn of housing properties, with gearing at 48%.
The group had around 10,100 unencumbered units.
Brian Moran, group CEO at Jigsaw Group, said: “Jigsaw Group remains financially robust and strategically well-positioned.
“Our development pipeline, regulatory compliance framework, and asset management programmes support sustainable growth whilst delivering our social mission.”
