Yorkshire Coast Homes, which manages around 4,400 homes, was downgraded to a G2 for “a number of weaknesses relating to risk management”.
Enham Trust, a 281-home provider,was not compliant on governance or financial viability with a £2.4m deficit in 2015/16 and predicting a “significant loss” for 2016/17, due to losses in the social enterprise part of the business and the impairment of the provider’s development scheme. HAs under 100 units are not graded. The regulator also found weaknesses in the provider’s accounting records and lender loan covenants have not been met as a result.
The regulator downgraded 1,217-home Unity Housing Association for its governance. The regulator found regular board and executive appraisals had not been carried out in recent years and some aspects of its reporting arrangements “require improvement”. The regulator said recent appraisals had been completed with external support. The regulator suggested that Unity should now carry out a “comprehensive” review to make sure it is following its “chosen code of governance”
The remaining 23 judgements published showed compliance.
For more details of these, have a nose at the www.gov.uk/government/publications/regulatory-judgements-and-regulatory-notices