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 […]

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 […]

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 […]

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 […]

bpha today (17 October 2018) announced a £150m tap of its existing £200m 2044 bond, taking the bond nominal to £350m with £75m being retained. The bonds priced at 145bps over the reference gilt. Standard & Poor’s rated the deal at A+, in line with bpha’s credit rating. Paul Gray, Chief Financial Officer of bpha […]

bpha has today (5 October 2018) announced an extension of its £50m Revolving Credit Facility with Clydesdale Bank for five years, with an option to term out the loan for a further five years. Clydesdale Bank has supported bpha, an 18,000-unit housing association operating within the Oxford to Cambridge corridor since 2011 and the deal […]

bpha today (2 September) released its financial statements for the year ended 31 March 2018 reporting continued strengthening in financial performance, delivering a pre-tax surplus of £41.7m (2017: £29.0m).  Strong cash generation supported investment of £100m into homes in 2017/18, as well as continued investments in people, processes and systems to deliver better customer service. […]

Credit rating agency Standard & Poor’s (S&P) has reaffirmed bpha’s long-term credit rating of A+ on 4 October 2018. The outlook for the rating has been revised to ‘negative’ on expectation that proportion of revenues from non-traditional activities may increase in the coming years. In their Research Update, S&P have commented that bpha: benefits from […]

Today (25/03/2019) bpha announced that its CFO, Paul Gray, will be leaving the organisation at the end of April. After 8 years with the organisation, during which time it has grown and developed successfully, he now feels it is time for a new challenge. Paul said: “I have thoroughly enjoyed working for bpha over the […]

bpha features in a new three-part programme produced by ITN Productions and the Chartered Institute of Housing (CIH) which examines the UK’s housing crisis. Introduced by national newsreader Natasha Kaplinsky and unveiled in June 2018, ‘Solving the Housing Crisis’ looks at ways to tackle the housing shortage and speaks to the housing associations, local authorities, […]