A2 Dominion has posted a £12.8m deficit after recognising £32.4m of losses following write-downs and costs due to aborted developments.

The 36,000-home housing association today, in its financial statement for 2022/23, revealed it made a deficit of £12.8m, compared to a surplus of £40.4m the year before. Its turnover fell 16% from £465.8m to £389.1m over the same period. The accounts follow the news earlier this week that A2 Dominion is being investigated by the Regulator of Social Housing over a potential breach of the governance and financial viability standard.