Our annual turnover for 2008-2009 financial year is approximately $4.5m, our strong balance sheet demonstrates our ability to provide a long term commitment to the provision of social and affordable housing. Our healthy capital structure is reflected in a low level of debt relative to equity - a very positive sign of investment capacity. We hold assets in both cash, land and buildings and our debt/equity ratio is 0.64, which reflects the relatively low debt level (based on management accounts as at 31 March 2009). The majority of our income is from tenant rents.

Strong financial and strategic management is critical in achieving our goals of growing our tenancies and stock in management and expanding our company.

Growth will be achieved by expanding our tenancy and property management through:

• Managing properties on behalf of other parties
• Property development partnerships with private and not-for-profit providers
• Expanding our own property portfolio

Our finance strategy to support our growth includes:

• Increasing our cash flow
• Improving efficiency and generation of surplus funds
• Attracting capital and leveraging our existing asset base to invest in property assets that offer more housing opportunities to low income people

bric housing company is interested in proposals to joint venture property development and the management of properties and tenants.  We have several service delivery points, networked offices and remote service access, and we pride ourselves on our tenancy and property management expertise.