24 May 2024

Trading update and unaudited accounts

Paragon Asra Housing Limited (‘PA Housing’) announces its trading highlights and unaudited summary financial results for the 2023/24 financial year.

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6 November 2023

Presentation to investors

PA Housing delivered a Fixed Income Investor Update presentation to investors in November. The presentation pack can be accessed via the button below. Please contact our Executive Director - Resources, Simon Hatchman if you have any queries about the presentation.

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2 November 2023

Trading update and unaudited accounts

Paragon Asra Housing Limited (‘PA’) trading update and unaudited financial results for the period ended 30 September 2023.

PA, the parent company of Paragon Treasury Plc and a Registered Provider owning and managing over 24,000 homes in the East Midlands, London and Surrey, announces its trading highlights and unaudited summary financial results for the first half of the 2023/24 financial year.

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27 September 2023

2022/23 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 2023.

The financial year saw growing economic impacts, with rising inflation and interest rates, and uncertainty surrounding the housing market. Key contractors and suppliers also faced challenges, and in some cases sought to pass on higher costs. In particular, we experienced significant cost increases on our energy supply contracts arising from the conflict in Ukraine and the disruption to global energy supplies. For our residents, the cost of living crisis was a significant factor, introducing heightened risk around rent collection. We have expanded our support offering to residents as we work together through the tough economic climate.

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Our Financial Statements 2022-2023



2 June 2023

Trading update and unaudited accounts

PA Housing, the parent company of Paragon Treasury Plc and a Registered Provider owning and managing 24,000 homes in the East Midlands, London and Surrey, announces its trading highlights and unaudited summary financial results for the 2022/23 financial year.

Find out more

 

23 February 2023

Chief Executive appointed

Paragon Treasury Plc's parent company, Paragon Asra Housing Limited (‘PA Housing’), makes the following announcement.

Further to our previous announcement on 16 December 2022, the Board of PA Housing is pleased to confirm that Michael McDonagh has been appointed Chief Executive Officer permanently. Michael has extensive experience of the social housing sector having been an advisor to some of the biggest housing associations in England with over 20 years at KPMG, latterly as Chief Operating Officer of KPMG. He is also Non-Executive Deputy Chair of Housing 21.

PA Housing and the wider social housing sector face a number of important challenges which the Board is determined to address. Michael’s permanent appointment ensures that this work can continue with no interruption to business leadership.

Please contact our Resources Director Simon Hatchman for further information.

[email protected]
07720 087108

 

7 February 2023

Update to investors in relation to damp and mould

Paragon Treasury Plc’s parent company, Paragon Asra Housing Limited (‘PA’), confirms its status and approach in respect of damp and mould.

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Previous updates and presentations for investors

View previous announcements from Paragon Treasury Plc and other information about PA Housing.
2022

16 December 2022

Interim CEO appointed

Paragon Treasury Plc's parent company, Paragon Asra Housing Limited (‘PA Housing’), makes the following announcement.

Recognising the short term needs of both the sector and PA Housing coupled with the incumbent CEO's retirement early next year, the Board has taken the decision to augment short term executive resource and capability with the addition of Michael McDonagh as Interim CEO to aid the transition.

Michael spent most of his career with KPMG where he was the UK Chief Operating Officer and led a successful public sector business. He has worked extensively across the Social Housing Sector. He is a tremendous supporter of social housing and brings this, along with a strong commercial focus, to PA Housing.

Please contact our Resources Director Simon Hatchman for further information.

[email protected]
07720 087108


9 December 2022

Dilip Kavi to retire

Dilip Kavi the CEO of PA Housing has announced he is to retire at the end of March 2023.

Dilip has been employed as Chief Executive from the inception of PA Housing in 2017, leading a team of operational, development, finance and governance directorates for a multiregional housing  association, employing over 700 staff, with a turnover of ca. £200m, a new build programme of up to 600 homes per annum and 23,000 home estate with a market value of ca. £1.5bn. Previously Dilip was Chief Executive of Paragon from 2011.

Dilip said “I have enjoyed my time with PA Housing and its predecessor Paragon but feel now is the right time to pass the baton to someone who can see PA through its next phase of evolution. I will miss the people and am proud of what we have achieved

Suki Kalirai the Chair of the Board said “On behalf of all stakeholders I wish to thank Dilip for his years of dedicated service and commitment to PA Housing and also to the social housing sector as a whole. We will send him off with our gratitude and best wishes for a relaxing and successful future

The Board will now commence the search for a new CEO.



9 November  2022

Presentation to investors

PA Housing delivered a Fixed Income Investor Update presentation to investors on 9 November 2022. The presentation pack can be accessed via the button below. Please contact our Executive Director - Resources, Simon Hatchman if you have any queries about the presentation.

View presentation

 

8 November 2022

Trading update and unaudited accounts

Trading update and unaudited financial results for the period ended 30 September 2022.

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30 September 2022

2021/22 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 2022.

The financial year saw continuing impacts from the pandemic, including as a result of our efforts to bounce back from government restrictions and catch up on work which had been delayed. Then in the latter part of the year, emerging high inflation and related cost of living pressures had an increasing influence on our service delivery. Our financial planning remains robust and agile in response to these challenges.

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Read our Financial Statements


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.

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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 Executive Director - Resources, Simon Hatchman if you have any queries about the presentation.

View presentation

2021

04 November 2021

Trading update and unaudited accounts

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

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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

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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 Tuner 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.

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23 April 2021

Trading update and unaudited accounts

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

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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.

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03 November 2020

Trading update and unaudited accounts

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

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09 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.

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01 September 2020

2019/20 financial statements and supplementary information for investors

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

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View Financial Statements

06 May 2020

Trading update and unaudited accounts

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

Find out more 

02 April 2020

Update on response to Coronavirus 

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

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