The Shareholder Committee of Hounslow Council met on Tuesday 14 July 2026 to review the financial and operational performance of the Lampton Group for the 2025-26 financial year. The meeting was scheduled to discuss the outturn report for the Lampton Group, which details its performance against its business plan.

Lampton Group Performance Outturn 2025-26

The committee was scheduled to review the preliminary full-year financial and operational results for the Lampton Group for the year ending 31 March 2026. The report indicated a return to a small Group profit of £0.1 million, which was £0.9 million favourable to budget, on a turnover of £85.0 million. Key themes highlighted for discussion included stable governance under the single Group Board model, consistent operational performance with strong commercial growth in Recycle 360, and areas of pressure in Greenspace 360 and Lampton 360 (corporate centre) that were being actively managed. The report also noted that the Group was entering the 2026-27 financial year with operational effectiveness, commercial momentum, and a clear three-year plan aligned with the Council's Lampton-first commissioning approach.

The report detailed the performance of individual Lampton companies. Lampton Recycle 360 Ltd was identified as a strong performer, delivering a profit of £1.5 million, £1.1 million favourable to budget, driven by additional domestic rounds commissioned by the London Borough of Hounslow and operational cost savings. Coalo also reported a stable performance with a profit of £0.3 million, £0.8 million favourable to budget.

Areas of pressure included Lampton Greenspace 360 Ltd, which reported a loss of £0.4 million, £0.8 million adverse to budget, due to core commission income not covering full overhead allocation and unbudgeted utility costs. Lampton 360 Ltd (corporate centre) reported a loss of £0.2 million, £0.2 million adverse to budget, primarily due to insurance renewal costs and staff costs. Lampton Investment 360 Ltd reported a loss of £1.0 million, in line with budget, with strong rent collection offset by void rent loss and lower occupancy.

Operational performance was also to be discussed, with Recycle 360 noted for its high reliability in waste collections and growth in commercial revenue. Coalo's performance in repairs and property services was highlighted, with elevated demand and a focus on improving the non-emergency repairs first-time fix rate. Lampton Investment 360 (Lampton Homes) showed strong rent collection but faced challenges with void rent loss and refurbishment delays impacting occupancy. Greenspace reported the completion of its grounds maintenance programme and effective seasonal mobilisation. Lampton Leisure saw membership grow in the final quarter of the year, and Commercial Cleaning exceeded its quality targets.

The report also touched upon people and health and safety, noting the total sickness days and RIDDOR-reportable incidents across the Group. Long-term sickness absence was identified as a primary workforce risk for 2026-27, with procurement of a new H&S Management System planned.

The committee was asked to note the Lampton Group Shareholder report and identify any areas where members would welcome further detail or follow-up reporting. The report also outlined the Council's financial exposure as the sole shareholder of the Lampton Group, noting that the positive performance in 2025-26 reduced the level of exposure. The provisional financial performance was subject to external audit.