The Regulator of Social Housing has revealed the latest round of regulatory judgments, with 18 of the 25 assessed retaining the top G1/V1 ratings.
Other providers retained a lower rating of G1/V2, which is still deemed compliant; while three retained their G2/V2 ratings, again, still compliant.
G1/V1 indicates the highest of four possible grades for both governance and financial viability, with G1, G2, V1, and V2 all considered compliant, and G3, G4, V3 and V4 all considered non-compliant.
Commenting on the judgments, Martin Collett, chief executive of G1/V1-rated English Rural, said: “We are delighted to maintain the highest regulatory grading, which recognises that English Rural is a well run and financially secure organisation.
“The outcome highlights the excellent work undertaken by both our board and staff.
“It is also important to recognise that it is the health of the organisation which enables us to achieve our mission of delivering homes and services to the rural communities we partner with, and importantly the residents who live in the homes we provide.”
Mark Perry, chief executive of VIVID, also rated G1/V1, said: “We’re pleased to retain top ratings of G1 for governance and V1 for financial viability from the Regulator for Social Housing.
“This reflects the strength of our business plan, controls, and risk management to ensure we continue in the strongest position possible to achieve our vision ‘More homes, bright futures’.
“This is more important than ever with the challenges the pandemic has brought to our customers and communities.”
The providers that retained their G1/V1 ratings are:
- English Rural HA
- Broadacres Housing Association
- Castles and Coasts Housing
- Anchor Hanover
- Silva Homes
- South Liverpool Homes
- South Lakes Housing
- Advance Housing
- Longhurst Group
- Alliance Homes
- West Kent HA
- Plymouth Community Homes
- Magna Housing
- Unity Housing Association
- Westward Housing Group
The providers that retained their G1/V2 ratings are:
- Broadland Housing Association
- Gloucester City Homes
- Origin Housing
- Poplar HARCA
The providers that retained their G2/V2 ratings are:
- Abbeyfield Society
- Wandle Housing Association
- Southern Housing Group
Image: Billion Photos/Shutterstock
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