As part of the capital market issue and loan restructuring process, the Group established a special purpose funding arms to the business. Libra (Longhurst Group) Treasury plc, was introduced in May 2012, and Libra (Longhurst Group) Treasury No 2 plc was introduced in March 2018, both to help facilitate new borrowing arrangements.
Libra entities manage the treasury arrangements and associated security for the bonds and new loan facilities on behalf of various member companies.
Libra entities are chaired by Clive Barnett. Clive is also a member of Longhurst Group’s Board. He has 20 years’ experience of the social housing finance market and was the former Head of Housing Finance with RBS.