Improvement of £67,185 on the preceding year

Rent Arrears
Performance at end of December (Q3 2015/16)
Showing an improvement of £67,185 on the preceding year

To bring us right up to date we have the end December figures from NPH this morning which show a total arrears figure of £1,078,486
Because of the patterns of rise and fall over the rent year and the impact of the rent free weeks a more accurate picture of overall direction is achieved by comparing monthly figures with the same month in the preceding year and of course this will show the improvement (or not) year on year. So for the last quarter the picture looks like this:
end of December
Showing an improvement of £67,185 on the preceding year

[1] Rent free weeks: NBC have adopted rent collection on a 48 week basis resulting in 4 rent free weeks. The free weeks always give a dip in arrears levels because we ask those in arrears to keep paying, two free weeks fall in December i.e. week beginning 21st December and the other beginning 28th December

 

 

 

 

 

 

 

 

 

 

 

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