bpha maintains strong operating margin in half year financial report

bpha today (29 November 2019) released its half year financial report results for the six months ended 30 September 2019. The report shows that bpha is continuing to maintain a strong financial performance, with a social housing lettings operating margin of 42.4% (Sept 2018: 42.8%) which is in the upper quartile for the sector. It […]

More

bpha retains highest regulatory ratings

bpha has retained the highest regulatory ratings a housing association can achieve following a recent in-depth assessment (IDA) by the Regulator of Social Housing (RSH). bpha was rated a G1 for governance and V1 for financial viability, reflecting the regulator’s assurance on the way we are governed and managed, and our financial stability. Kevin Bolt, […]

More

On 16 October 2019, S&P reaffirmed bpha’s long-term credit rating of A+

Credit rating agency Standard & Poor’s (S&P) has reaffirmed bpha’s long-term credit rating of A+ (negative). In their Research Update, S&P have commented that bpha: continues to have strong enterprise profile underpinned by high proportion of revenues from traditional social housing activities, its dynamic area of operation and its excellent asset quality has a strong […]

More

bpha announces appointment of new Chief Financial Officer

bpha has appointed Julian Pearce as its new Chief Financial Officer. Julian has spent over 20 years in a range of senior executive finance roles, most recently as Chief Financial Officer at NHS Property Services and has a strong track record as a senior executive operating at Board level. Julian has previously been a Partner […]

More

2019 Financial Statements – bpha maintains strong operating margin

bpha today (16 September 2019) released its financial statements for the year ended 31 March 2019, maintaining strong operating margin of 42.6% (2018: 47.2%), with social housing lettings operating margin of 40.6% (2018: 44.3%). This was achieved along with historically high investment rates in existing and new homes, including the completion of 621 new affordable […]

More

bpha appoints two new Non-Executive Directors to the Board

bpha is pleased to announce the appointments of Dr Geraldine O’Sullivan and Shirley Pointer as Non-Executive Directors. They joined the Board in May 2019. Geraldine brings extensive experience gained within the health service, including as a Consultant Psychiatrist and as Executive Director, Quality and Medical Leadership of the Hertfordshire Partnership University NHS Foundation Trust. Geraldine […]

More

Francesco Elia appointed as Interim CFO

bpha has today (29/03/19) appointed Francesco Elia as its Interim CFO with immediate effect. Francesco is an accountant with over 10 years’ experience of senior executive roles within a range of housing associations, including one from the G15. His appointment comes after it was announced earlier this week that Paul Gray would be leaving the […]

More

New revolving credit facility with Handelsbanken

bpha completes £40m revolving credit facility with Handelsbanken   bpha has today (18 March 2019) announced completion of a new £40m revolving credit facility with Handelsbanken for five years, with an extension option. This new facility follows the £50m revolving credit facility with Clydesdale Bank and the tap of our 2044 Bond for £75m which […]

More

Highest Governance and Viability ratings retained

bpha has retained its Governance Rating of G1 and Viability Rating of V1, the highest possible levels. The latest Regulatory Judgement was updated on 19 December 2018. Properly Governed: G1 The provider meets the requirements on governance set out in the Governance and Financial Viability standard. Viable: V1 The provider meets the requirements on viability […]

More

bpha maintain strong financial performance in half-year report

bpha today (30 November) released its half year financial report for the six months ended 30 September 2018. The report shows good progress against each of the 6 strategic themes set out in the 2017/18 Financial statements, whilst maintaining strong financial performance, delivering a pre-tax surplus of £21.6m It also outlines how we are continuing […]

More
Back