Regulator gives Incommunities top marks
Incommunities has retained the highest rating in the latest assessment of the group by the Regulator of Social Housing.
The government body is responsible for regulating registered social housing providers with more than 1,000 homes.
The regulator gave Incommunities a V1 viability rating which means it meets their financial viability requirements and has the capacity to deal with any exposures effectively.
Incommunities has also retained its G1rating as set out in the regulator’s governance and financial viability standard.
The rating follows an annual stability check by the regulator which looked at the group’s systems, processes, policies and its ability to deliver value for money. It also confirms Incommunities previous success in an in depth assessment in April 2019.
Geraldine Howley, Incommunities’ Group Chief Executive, said: "I am proud that we have again achieved this top rating.
"This judgement is testament to the hard work and focus of our board members, senior management and staff who work together to continue to drive up performance.
"We are at an important stage in delivering our ambitious strategic plan – Improving lives to 2040 – and will continue to put all our energies into investing in our customers’ homes, people’s lives and their communities."
Jan Ormondroyd, Incommunities’ Group Chair, said: "We are delighted that the regulator has recognised our strengths and the progress we continue to make as a group.
"This rating comes at a key stage in our business growth and provides a strong platform as we deliver our ambitious plans for the future."