A report found 1,000 properties without gas safety checks.
Luminus is a 7,300-home housing association.
It has been downgraded to a non-compliant G3 for governance when the HCA found serious weakness in its governance, following an in depth assessment.
The provider is in breach of the ‘Home Standard’ after putting its tenants at risk of “serious detriment” through its failure to keep up-to-date gas safety checks. The HCA said it lacks assurance that the board of the Huntingdonshire-based organisation “is maintaining effective control over Luminus and its activities”.
The HCA found “material weaknesses” in the information provided to the board about the risk of these ventures which “have not been effectively challenged”.
“The board does not receive sufficiently detailed information to allow it to effectively monitor and make decisions on the investment, and has not effectively challenged that situation,” it said. “The regulator has concluded that board members of Luminus are not discharging their duties with adequate skill.”
During an internal audit last June, Luminus also found 25% of a small sample of properties did not have valid gas safety certificates. Following this, it was identified that more than 1,000 properties had not had a valid gas safety certificate for at least some part of the previous two years. The board did not inform the regulator.