Enfield Council's housing company, Housing Gateway Limited (HGL), has saved the council £16.1 million in 2024/25. The savings were achieved through the purchase of 672 homes, reducing the council's reliance on expensive temporary accommodation.
The Enfield Council cabinet met on Wednesday, 15 October 2025, to review the outturn report for Housing Gateway Limited, among other key performance indicators and strategies. According to the Cabinet meeting minutes, the cabinet noted the achievements of HGL, which included:
- Purchasing 672 homes, resulting in £16.1m savings for the council.
- Transferring 742 temporary accommodation properties from the council, bringing the total leased portfolio to 1,168 properties.
- Obtaining £7m in grant funding to purchase 33 homes for Afghan refugees and families in temporary accommodation.
- Achieving a 92% decent homes standard rating across HGL's stock.
The report also noted that HGL reported a £5.9 million profit before tax, including £4.6 million from property valuation gains and £1.3 million in actual profit. The Housing Gateway Limited Outturn Report 2024/25 indicates that HGL's overall profit margin is 3%. However, when considering the HGL core portfolio independently, the profit margin rises to 11%, which is in line with the industry average of 5-15%.
The Cabinet agreed to note the 2024/25 outturn position for HGL as set out in the report.
HGL was established in 2014 to manage temporary accommodation needs and provides services including temporary accommodation, private rented accommodation, and property acquisitions. The Council retains sole nomination rights to all of HGL's properties, allocating homes in line with the Council's approved Allocations Policy.
