The Regulator of Social Housing (RSH) has today published its first substantial set of annual stability check results for housing associations and other registered providers.

The stability checks are a yearly exercise that look at the financial information landlords have submitted to RSH (including their most recent business plan and annual accounts) and consider whether their current viability grade is consistent with this.

A V1 grade for financial viability means a landlord meets the regulator’s viability requirements and has the financial capacity to deal with a wide range of adverse scenarios.

A V2 grade means the landlord has the financial capacity to deal with a reasonable range of adverse scenarios but needs to manage material risks carefully to ensure it continues to meet RSH viability requirements.

A V3 grade means the landlord does not meet the viability requirements. There are issues of serious regulatory concern and in agreement with us the landlord is working to improve its position.

A V4 grade means the landlord does not meet our viability requirements. There are issues of serious regulatory concern, and the landlord is subject to regulatory intervention or enforcement action.

Meanwhile,  North West Leicestershire District Council has received a C2 grading following an inspection.

 

Landlord	Consumer grade	Consumer Grade Change	Governance Grade	Governance Grade Change	Viability Grade	Viability Grade Change	Engagement Process
Watford Community Housing Trust	C1	Based on previous assessment	G1	Assessed and unchanged	V1	Assessed and unchanged	Stability Check
Warrington Housing Association Limited	–	Not assessed yet	G1	Assessed and unchanged	V1	Assessed and unchanged	Stability Check
Accent Group Limited	–	Not assessed yet	G1	Assessed and unchanged	V1	Assessed and unchanged	Stability Check
Hastoe Housing Association Limited	C2	Based on previous assessment	G1	Assessed and unchanged	V2	Assessed and unchanged	Stability Check
North Devon Homes	C1	Based on previous assessment	G1	Assessed and unchanged	V2	Assessed and unchanged	Stability Check
South Liverpool Homes Limited	C1	Based on previous assessment	G1	Assessed and unchanged	V1	Assessed and unchanged	Stability Check
Moat Homes Limited	C2	Based on previous assessment	G2	Assessed and unchanged	V2	Assessed and unchanged	Stability Check
Red Kite Community Housing Limited	–	Not assessed yet	G1	Assessed and unchanged	V1	Assessed and unchanged	Stability Check
Saffron Housing Trust Limited	C1	Based on previous assessment	G1	Assessed and unchanged	V2	Assessed and unchanged	Stability Check
Torus62 Limited	C2	Based on previous assessment	G1	Assessed and unchanged	V1	Assessed and unchanged	Stability Check
Pioneer Housing and Community Group Limited  (The)	–	Not assessed yet	G1	Assessed and unchanged	V2	Assessed and unchanged	Stability Check
Cobalt Housing Limited	C2	Based on previous assessment	G1	Assessed and unchanged	V2	Assessed and unchanged	Stability Check
Weaver Vale Housing Trust Limited	C1	Based on previous assessment	G1	Assessed and unchanged	V1	Assessed and unchanged	Stability Check
Bromsgrove District Housing Trust Limited	–	Not assessed yet	G1	Assessed and unchanged	V2	Assessed and unchanged	Stability Check
Trent & Dove Housing Limited	–	Not assessed yet	G1	Assessed and unchanged	V2	Assessed and unchanged	Stability Check
Havebury Homes	C1	Based on previous assessment	G1	Assessed and unchanged	V2	Assessed and unchanged	Stability Check
Rooftop Housing Group Limited	C2	Based on previous assessment	G1	Assessed and unchanged	V2	Assessed and unchanged	Stability Check
Wythenshawe Community Housing Group Limited	–	Not assessed yet	G1	Assessed and unchanged	V1	Assessed and unchanged	Stability Check
Bernicia Group	–	Not assessed yet	G1	Assessed and unchanged	V1	Assessed and unchanged	Stability Check
Platform Housing Group Limited	–	Not assessed yet	G1	Assessed and unchanged	V1	Assessed and unchanged	Stability Check
Framework Housing Association	–	Not assessed yet	G1	Assessed and unchanged	V2	Assessed and unchanged	Stability Check
Southern Housing	C2	Based on previous assessment	G1	Assessed and unchanged	V2	Assessed and unchanged	Stability Check
North West Leicestershire District Council	C2	First grading	–	–	–	–	Inspection