Investors finance and investors

Welcome to the Investors page for Lincolnshire Housing Partnership (LHP).

LHP provides high quality and affordable homes to rent and buy.

We own and manage over 12,000 homes along the East Coast of Lincolnshire.

Our six key strategic priorities are:

• Deliver quality services
• Invest in existing homes and estates
• Build new and regenerate homes
• Listen to and empower tenants
• Support and develop colleagues
• Ensure strong governance and finance

Financial Statements

Please read the LHP Financial Statements - March 2020

Trading Update

Following a year under Covid-19 and lockdown restrictions, LHP (who account for operational activity) continues to closely monitor its financial and operational performance. LHP finds itself in a better position than anticipated 12 months ago at the outset of the pandemic. Please view update here: Trading Update

Credit Rating

We are delighted to report that our latest Standard and Poor’s (S&P) rating has been confirmed as A+. Please click here to read the full report.

Executive Team Changes

Executive Team appointments

Dated 15 June 2021

Lincolnshire Housing Partnership (LHP) has made some recent appointments to its Executive Team.

Kathryn Price is now confirmed as our Executive Director of Finance, having previously joined LHP last year in an Interim capacity.

Suzanne Wicks is now a permanent member of the Executive Team and takes on the new role of Executive Director of Strategy, Culture and Digital. This encompasses all the work we are undertaking with our Culture Change Programme and Digital Transformation journey and now includes direct line management of our Governance function and lead on ESG (Environmental, Social & Governance sustainability).

The team is completed with Bridget Lloyd and Alex Dixon who have no changes in their roles although they now take responsibility as the Accountable persons for Customers and Building Safety respectively.

For further information, please visit https://www.lincolnshirehp.com/meet-the-team/ or contact Murray.Macdonald@lincolnshirehp.com.

Bond Statement

Boston Mayflower Finance PLC (the Issuer)

£150,000,000 4.321 per cent. Guaranteed Secured Bonds due 2059 (the Bonds)

Dated: 7 June 2021

The Issuer has today reached financial close on the sale of £35,000,000 retained bonds further to the Forward Purchase Agreement announced on 5 June 2020.

On 8 September 2014 the Issuer issued £150,000,000 in principal amount of the Bonds. The Issuer immediately repurchased £75,000,000 in principal amount of the Bonds (the Retained Bonds). On 17 June 2020 the Issuer sold £40,000,000 in principal amount of its Retained Bonds.

Following this financial close all of the Retained Bonds are sold, and no Bonds are held by or on behalf of the Issuer.

For further information, please contact:

Kathryn.Price@lincolnshirehp.com

Information on a Regulatory Notice, received from the Regulator for Social Housing

28 April 2021

The Regulator of Social Housing has today announced the results of its latest Regulatory Judgement for LHP. Our governance rating has been upgraded to G1. This means that we meet all the Regulator’s requirements in relation to governance.

Our financial viability rating remains at V2, which demonstrates that we continue to meet the regulator’s requirements and have the financial capacity to deal with a reasonable range of adverse scenarios.

The Regulator has highlighted our improved controls and processes, the accuracy of our business plan data, board reporting and regulatory returns when awarding us the top governance rating.

Our approach to stress testing and mitigation strategies was also recognised for demonstrating our commitment to working closely with our Board, ensuring they have oversight and ownership.

To read the full regulatory judgement, please click here.

Board and Directors

5 February 2021

Lincolnshire Housing Partnership (LHP) is pleased to announce the appointments of Kate Lindley and Sally Marshall-Mills as co-opted Board Members with effect from 2 February 2021.

Kate has more than 20 years of experience leading customer focused operational services and business transformation within both local authorities and the housing sector and currently works as Client Services Director for Socitm Advisory.

Sally is a Housing and Accountancy professional, who is an experienced public sector leader with significant financial and governance experience.

Details of our current Board Members can be found on this page.

Details of our Executive Team can be found on this page.

Investor contacts

LHP's Finance and Investor Relations Team is led by Kathryn Price, Executive Director of Finance.

Kathryn is responsible for all aspects of LHP’s finances.

To contact Kathryn, please email: investor@lincolnshirehp.com

Financial statements prior to merger

Boston Mayflower Financial Statements 31 March 2018

Boston Mayflower Value for Money self-assessment 2016/17

Shoreline Housing Partnership Financial Statements 31 March 2018

Shoreline Housing Partnership Value for Money self-assessment 2016/17

 

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