Investor updates and presentations
9 June 2022
Paragon Asra Housing Limited (“PA”) is the parent company of Paragon Treasury Plc and a Registered Provider owning and managing over 23,000 homes in the East Midlands, London and Surrey.
A PA property in London has been highlighted in media coverage on ITV News (8 June 2022). PA is aware of the repair issues in this case and is working with the resident to resolve them as quickly as possible. We have apologised to our resident.
This is a rare incident, but it should not have happened. PA Housing is investigating this case to learn lessons and ensure these are applied to avoid a repeat.
All investor enquiries in relation to this update should be directed to:
Simon Hatchman, Executive Director - Resources
6 May 2022
Trading update and unaudited accounts
Trading update and unaudited financial results for the period ended 31 March 2022.
31 March 2022
Paragon Asra Housing Limited ('PA') In Depth Assessment outcome
PA is the parent company of Paragon Treasury Plc and a Registered Provider owning and managing over 23,000 homes in the East Midlands, London and Surrey.
PA confirms that following an In Depth Assessment (‘IDA’) conducted by the Regulator of Social Housing, PA is graded as V2 for financial viability and G1 for Governance (previously V1, G1). The financial viability regrade reflects the following factors, working in combination:
- PA’s ongoing commitment to build 6,000 new social tenure homes between 2020 and 2030
- Short-term additional expenditure on fire safety remediation, in the main relating to a small number of blocks where major remediation works have been identified. PA is working to mitigate this cost through government grant applications and liaison with the original building contractors
PA welcomes the IDA process and fully accepts the results, with feedback from the Regulator to be embedded within working practices going forward.
All enquiries in relation to this trading update should be directed to:
Executive Director - Resources
10 February 2022
Presentation to investors
PA Housing delivered a no-deal general business update presentation to investors on 10 February 2022. The presentation pack can be accessed via the button below. Please contact our Resources Director Simon Hatchman if you have any queries about the presentation.
Previous announcements and investor presentations
View our latest announcements from Paragon Treasury Plc and other information about PA Housing.