The Regulator of Social Housing has published the second substantial set of results from its annual stability checks.
A total of 15 providers have been regraded from V1 to V2 for financial viability; while 24 providers have retained their V1 grades, with 20 retaining their V2 grades.
Those receiving a downgrade are:
- Bromsgrove District Housing Trust Limited
- Coastline Housing Limited
- East Midlands Housing Group Limited
- Golden Lane Housing Limited
- Habinteg Housing Association Limited
- Halton Housing
- Inquilab Housing Association Limited
- Livin Housing Limited
- Onward Group Limited
- Plymouth Community Homes Limited
- Prima Housing Group Limited
- Rooftop Housing Group Limited
- Housing Plus Group Limited (The)
- Thrive Homes Limited
- Wakefield And District Housing Limited
The regulator published the first set of substantial stability checks earlier this month; Clarion was one of 19 registered providers to receive a viability downgrade.
The stability checks are an annual exercise in which the regulator looks at the financial information providers have submitted and consider whether each provider’s current viability grade is consistent with the information contained in their regulatory returns.
In doing this, the regulator focuses on indicators of financial robustness and evidence of any significant changes in risk profile.
Where the provider’s grade is unchanged as a result of the stability check, the regulator will publish a strapline regulatory judgement (RJ).
Where the regulator considers that a provider’s current grade is inconsistent with their regulatory returns, it will change its grading and publish a narrative RJ.
Providers are compliant with the standards if they have either V1 or V2 grades.
V1 means the provider has the financial capacity to deal with a large range of adverse scenarios.
V2 means that the provider has somewhat less capacity to respond to adverse events but remains financially viable.
Image credit: wutzkohphoto/Shutterstock
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