Change accessibility  Google translate  Change contrast   Font size 

Google translate Google translate
click to choose
Colour contrast Contrast
Font size Text size

IDA results confirmed

Following an In Depth Assessment (IDA) by the Regulator for Social Housing earlier this year, the Group has been awarded G1 V2 status.

An IDA considers how well an organisation is governed as well as its financial viability, with the Group’s last assessment taking place in 2019, when we were awarded G1V1.  

Our G1 status has been retained, confirming that we have the highest possible rating for governance. Although we’ve seen our financial viability move down to V2, it was a change that we’d anticipated based on the current economic challenges.

Rob Griffiths, the Group’s Deputy CEO and Chief Financial Officer, said: “The housing sector, like many others, is clearly facing a set of complex external circumstances. We’re pleased to retain our G1 status for governance while the V2 assessment is something we’d anticipated based on external economic factors and our ambitious development programme.  

“It’s clear that our change in rating for financial viability is due to the exceptional economic climate we’re operating in, but we have strong treasury management arrangements in place to manage these risks.

“We’re confident that our robust financial processes and procedures, allied with strong governance, will help us successfully navigate these challenging times while retaining our commitment to provide the best possible homes and services to our customers.”

Menu Clock House Get involved Headset Magnifying Lock Burger menu Close Wrench Wallet Heart Life ring Chevron down Chevron left Chevron right Facebook Twitter Instagram Youtube TikTok Lightbulb People Map pin Blocks List GBP Arrow right Search care Longhurst Group Longhurst Group L & H Homes L & H Homes Friendship Care and Housing Friendship Care and Housing Libra Treasury Libra Treasury Spire Homes Spire Homes Keystone Keystone Axiom Axiom