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Investor updates and presentations

9 June 2022

Trading update

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

07720 087108
[email protected]



6 May 2022

Trading update and unaudited accounts

Trading update and unaudited financial results for the period ended 31 March 2022.

Find out more

 

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:

Simon Hatchman
Executive Director - Resources
07720 087108
[email protected]


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.

View presentation

 

Previous announcements and investor presentations

View our latest announcements from Paragon Treasury Plc and other information about PA Housing.

  • 2021

    04 November 2021

    Trading update and unaudited accounts

    Trading update and unaudited financial results for the period ended 30 September 2021.

    Find out more


    10 September 2021

    Paragon Asra Housing Limited (‘PA Housing’) annual ESG report for financial year ended 31 March 2021

    PA Housing, the parent company of Paragon Treasury Plc and a Registered Provider owning and managing 23,000 homes in the East Midlands, London and Surrey, confirms the publication of its inaugural Environmental, Social and Governance (‘ESG’) outturn report.

    The report covers activities in the financial year ended 31 March 2021 and it incorporates the ESG metrics included in the sector-wide Sustainability Reporting Standard for Social Housing, of which PA Housing is one of a number of housing association early adopters. The report also provides a general update on PA Housing’s ESG activities during the year.

    Read the report


    13 August 2021

    2020/21 financial statements and supplementary information for investors

    Paragon Treasury Plc’s parent company, Paragon Asra Housing Limited (‘PA’), announces the release of its audited financial statements for the financial year ended 31 March 2021.

    PA’s overriding priority throughout the Covid-19 pandemic has been to ensure the safety and welfare of our residents, staff and partners. While our services have faced disruption, we have worked to maintain high service levels wherever possible

    Read full announcement

    View Financial Statements


    27 May 2021

    New Chair

    Hattie Llewelyn-Davies stands down as Chair and Board member of PA Housing.

    Hattie wishes PA every success in the future, praising the strength of its staff and residents.

    Everyone at PA extends their thanks to Hattie for her hard work and dedication over the last three years, and sends their very warmest wishes for the future.

    Board member Anne Turner has been appointed as Interim Chair, pending recruitment of a permanent successor.

    30 April 2021

    Presentation to investors

    PA Housing presented to investors on 27 and 28 April 2021, culminating in completion of a benchmark size bond issue on 29 April 2021. 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.

    Find out more

     

    23 April 2021

    Trading update and unaudited accounts

    Trading update and unaudited financial results for the period ended 31 March 2021.

    Find out more

  • 2020

    13 November 2020

    Presentation to investors November 2020

    PA Housing presented a general business update to investors on Monday 16 November. 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.

    View presentation

    3 November 2020

    Trading update and unaudited accounts

    Trading update and unaudited financial results for the period ended 30 September 2020.

    Find out more


    9 October 2020

    Presentation to bank lenders October 2020

    We recently held our annual lenders day, at which we provided a general update on PA’s business performance and future plans. This year we included particular details on our ESG activities. The full slide pack from the day can be accessed here. Please contact our Resources Director Simon Hatchman if you have any queries about the presentation.

    View presentation


    1 September 2020

    2019/20 financial statements and supplementary information for investors

    Audited financial statements for the financial year ended 31 March 2020.

    Read full announcement

    View Financial Statements


    6 May 2020

    Trading update and unaudited accounts

    Trading update and unaudited financial results for the period ended 31 March 2020.

    Find out more 


    2 April 2020

    Update on response to Coronavirus 

    Our response to the Coronavirus situation and its current expectations in respect of financial performance impacts.

    Read more

  • 2019

    8 November 2019

    Trading update and unaudited accounts

    Trading update and unaudited financial results for the period ended 30 September 2019.

    Find out more

     

    25 September 2019

    2018/19 financial statements and supplementary information for investors

    Audited financial statements for the financial year ended 31 March 2019. 

    Our results for the year were in line with the Board’s financial plans, confirming continued strong performance. Key group figures are as follows:

     

    2018/19

     

    2017/18

    Turnover £m

    160

     

    165

    Of which shared ownership sales

    11

     

    15

    Operating surplus £m

    62

     

    65

    Operating margin (overall)

    39%

     

    40%

    Operating margin (social housing lettings)

    33%

     

    36%

    Operating margin (shared ownership sales)

    33%

     

    40%

    Net surplus before tax £m

    39

     

    33

    Total assets less current liabilities £m

    1,714

     

    1,671

    Cash reserves £m

    50

     

    23

    Financial indebtedness £m

    712

     

    691

    Properties owned/managed

    23,059

     

    23,505

    These results represent a stable and resilient financial position, allowing the Board to make appropriate strategic decisions in pursuit of PA’s vision - which is to become widely recognised as a social enterprise with a reputation for providing quality homes and services. 

    The full audited financial statements for PA are available below: 

    View Financial Statements 

    An information pack to update investors on various aspects of PA’s performance and plans is also available. This includes an addendum which covers the following in response to recent investor enquiries: 

    • new build development programme
    • property sales performance
    • flood risk
    • high rise cladding
    • customer satisfaction
    • business plan stress testing

     View presentation


    22 February 2019

    We are proud to announce that we’ve been nominated for Housing Finance Awards in the categories of Finance Team of the Year and Treasury Team of the Year.

    Most of the team were still new to PA (and indeed social housing) a year ago, so it’s a real accolade for everyone’ hard work and contribution that we’ve been able to get this nomination.”

    The awards ceremony, which is held annually by the National Housing Federation, will take place in Liverpool on Wednesday 20 March. We’re up against 4 other housing associations in each category."

    Ian Kerr, Head of Treasury & Financial Planning

    Good luck to our brilliant teams!


    07 February 2019

    £50 million funding package secured

    We are delighted to announce that PA Housing has secured a £50m funding package from Lloyds Bank Commercial Banking that will allow us to build 5,700 new homes over the next 10 years.

    Find our more

 

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