Greatwell Homes is pleased to announce it has retained the top regulatory judgement rating of G1 for governance and a V2 for viability – the second highest grading, following its annual stability check.
The Regulator of Social Housing has published its regulatory judgement for Greatwell Homes following a stability check completed in December 2024.
The stability check uses information from registered landlords’ regulatory returns and the regulator also reviewed a range of documents provided by Greatwell Homes to help it form a judgement about how well we’re delivering the viability outcomes of its Governance and Financial Viability Standard.
Jo Savage, chief executive at Greatwell Homes, said: “Overall the outcome of the regulatory judgement was as expected and positive. The ratings of G1 for governance and V2 for financial viability recognises that Greatwell Homes is a financially stable and well run business. It also reflects the hard work and commitment of our Board, staff and involved customers and I’d like to thank them for their role in this achievement.”
Summary of the decision
The regulator said: “Based on the relevant information and evidence we reviewed in carrying out the stability check, our judgement is that Greatwell meets our viability requirements and has the financial capacity to deal with a reasonable range of adverse scenarios, but needs to manage material risks to ensure continued compliance. We have therefore issued a V2 for Greatwell.
“This regulatory judgement also confirms that, as part of the stability check, we verified that the information contained in Greatwell’s regulatory returns did not appear inconsistent with its existing published governance grade.
“Prior to this regulatory judgement, the landlord’s most recent governance and viability grades were G1 and V2, which were issued in November 2023 following a stability check.”