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Investor Relations

A growing organisation with an A2 rating from Moody’s; our extensive development programme will continue to increase the number of homes under our management year on year; however we remain alert to opportunities to grow through other means. We are open to approaches from others looking to join a Group such as ours.

 

2,500 Homes within Five Years

£225 million bond funding secured in 2012 and the subsequent sale of our £25m reserve bonds in the summer of 2014 underpins our development programme for the coming year.  During 2015/16 we will be looking to raise a further £70m - £80m to fund our development programme during 2016 and 2017. 

Alongside the government’s commitment to a £2bn housing budget our independent funding arrangements are critical in ensuring we deliver 2,500 new homes within five years. With this in mind we have made changes that leave us well placed to secure new funding, resource our contingency planning and identify investment opportunities.

 

Risk Management

Our robust and comprehensive approach to risk management underpins all of our business objectives. In 2013 we were the first registered provider to implement a comprehensive Group-wide contingency plan. Stress testing of this contingency plan is now complete while our asset and liability registers will be finished this summer. Our integrated financial system enables us to:

  • plan in great detail
  • validate our assumptions
  • employ complex and multiple scenario testing
  • set financial targets for management

Our V1G1 viability and governance status given by the Homes and Communities Agency demonstrates their confidence in our ability to mitigate risk, whilst developing substantial numbers of new homes.

 

Value for Money

In line with the rest of the sector, we are working hard to demonstrate our commitment to value for money. We can evidence a holistic approach to value for money that takes account of cost, efficiency, social value and outcomes through our Value for Money Strategy.

 

Libra Treasury assumes responsibility for treasury management of the bond and restructured group loan facilities.