Strategic Report
Governance
Financial Statements
Additional Information
Non-financial KPIs
Retention rate (%)
EPC rating A-C (%)
Employee satisfaction (%)
J
K
L
2023 2022 2021
2023 2022 2021
2023 2022 2021
82 82
76
67
71
37
85
64
88
Why we use this indicator Energy Performance Certificates (EPCs) indicate how energy efficient a building could be by assigning a rating from A (very efficient) to G (very inefficient). From 1 April 2023 Minimum Energy Efficiency Standards (MEES) regulations prohibit leasing space that is F or G rated, unless an exemption certificate applies. The minimum EPC rating is likely to be raised further, with the UK Government consulting in 2021 on proposals to require a minimum of C by 1 April 2027, and B by 1 April 2030. The outcome of this consultation is awaited.
Why we use this indicator We use this indicator to assess our performance against one of our strategic objectives, to nurture a positive culture reflecting the values and alignment of the Picton team. The indicator is based on the employee survey carried out during the year.
Why we use this indicator This provides a measure of income at risk and the retention of that income during the year. This is achieved through lease extensions or removal of break options.
1
1
1
3
3
3
2
2
2
Our performance in 2023 Our higher retention rate principally reflects our active asset management approach to the portfolio. Total ERV at risk due to lease expiries or break options totalled £5.5 million, in line with last year.
Our performance in 2023 The proportion of EPC ratings between A to C has increased against the prior year and makes up 76% of the portfolio. The remaining 24% is rated D or E.
Our performance in 2023 Our employee satisfaction score remains at a consistently high level.
Picton Property Income Limited Annual Report 2023
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