93:"The key exposure arises from the extent of the group’s reliance within its business plan on sales receipts, from both shared ownership and, more significantly, market sales activity. Over the plan’s first five years, total sales receipts of £513m are forecast, of which £404m are assumed from market sales. In each of the plan’s first two years, total forecast sales surpluses exceed those of the group as a whole, with market sales margins representing 80% and 83% of the total surplus respectively. OHG does have a recent track record of successful sales programmes however, given the significant future cash flows involved in this area of activity alongside limited headroom on the main gearing covenant, risks relating to liquidity management and covenant compliance will need to continue to be effectively monitored and controlled."
85:… Whilst the group has recently been successful in delivering planned outcomes and its financial position has improved, the regulator needs further assurance that the level of oversight by the board is of the standard necessary to ensure this continues. The board also needs to strengthen its capacity to carry out this scrutiny role and to hold the executive to account. Reporting to the board has not been sufficiently frequent and detailed enough for the board to be clear about current performance and issues arising across all of the group’s business.
238:
model while already consulting the parent
Riverside Group on major decisions and slowly aligning and integrating the day to day running of One Housing Group to the needs and culture of Riverside Group. At the end of the twe year transition period, One Housing Group will then simply be dissolved. Housing stock will then belong to Riverside Group who will also manage the newly integrated properties.
198:
members held a four-day strike in 2014 after the suspension of their steward Bryan
Kennedy. He had led a campaign against pay cuts in 2013, and was suspended immediately prior to a further round of negotiations on new pay reductions. One Housing Group denied any connection between the suspension and
158:
In 2012, One
Housing abolished the separate management structure after a consultation with residents, bringing the stock directly under its control. Some local residents objected, in part because of the promises made at the time of the stock transfer, and wrote to the housing minister asking him to
41:
One
Housing Group was formed by a merger of Community Housing Association and the Toynbee Housing Association. Community was formed in 1972, and managed 5,000 homes at the times of the merger in July 2007. Toynbee was formed in 1962 and managed 3,000 homes at merger, alongside a further 2,100 homes
237:
On 24 June 2021 One
Housing Group and Riverside Group announced their plan to form a new partnership. If confirmed, then One Housing Group would join Riverside Group as a subsidiary for two years only. This will allow One Housing Group to run as a separate entity, continuing the current business
146:
Residents had used the consultation process to negotiate Island Homes being a resident-led organisation … "Island Homes’ Board of 15 would include eight residents – one tenant and one leaseholder from each of the four estates. The individual estates were to determine their nominees. Toynbee
82:
the board needs to enhance its oversight and scrutiny of the group’s activities to maintain compliance with regulatory requirements. The group is in the process of implementing a suite of recommendations arising from a governance review which will better align governance arrangements with the
151:
However, despite the promises made, no contractual provision was made during the stock transfer. In 2008, after the merger of the
Toynbee and Community Housing Trusts, the new One Housing Group suspended the Island Homes Board and appointed new trustees, citing management problems.
65:
In their current five-year plan, they say they aim to create 800 new homes for the elderly and 230 homes will including on site care. ÂŁ74m will be spent on maintenance of their existing housing stock. In 2014 they engaged 17 firms to build 900 homes at a contractual value of ÂŁ900m.
228:
According to Inside
Housing, the Chief Executive Officer Richard Hill had ÂŁ211,364 total salary (salary ÂŁ205,964 + bonus ÂŁ0 + car allowance ÂŁ5,400) for the fiscal year 2019/2020. This is a reduction of 6.9% compared to the previous fiscal year with a total salary of ÂŁ226,936.
174:
Some locals and councillors claim that complaints about maintenance of the existing stock are high. As a result of a petition highlighting a loss of trust between residents and OHG, Tower
Hamlets withdrew their "preferred partnership" status from One Housing.
183:
A group of 18 tenants facing eviction from four joined
Victorian terraces in Islington Park Street took their complaints to Twitter and local media in 2015. The Crescent Road Community also face eviction from their communal property in Coombe Hill, Kingston.
171:, the total stock of former Toynbee Island Homes 2,000 homes could be replaced by 9,000 newly built properties by the group, under Project Stone. Most would be sold on the open market, "with “high earning financial sector workers” named as potential buyers."
215:
found that "people with a history of mental health problems are being excluded from the social housing built there while the developers and local council have also set quotas for the number of homeless and unemployed people" at
425:
31:. They manage 16,000 homes and provide support to residents who needs special help, through their social care arm, One Support. As of 2015-16, they had an annual turnover of ÂŁ255m and employed ~1800 staff.
38:. Their housing stock is mainly in the London boroughs of Barnet, Camden, Enfield, Hackney, Haringey, Islington, Newham, Tower Hamlets and the City of Westminster, as well as in Berkshire.
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We think we have a win-win approach to building homes. We increase supply for those wanting to buy their home and at the same time use the profits to house those on lower incomes.
89:
In 2015, they noted that governance had improved. They noted that the main risks were now financial, with a plan that is highly dependent on sales receipts from house building.
147:
specifically promised that governance arrangement in its Offer
Document to tenants, and there is little doubt it played a massive part in securing its majority in the ballot."
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the negotiations. A Unite spokesperson accused One Housing of being "an incredibly bad employer", which had cut wages of employees while increasing the salary of their CEO.
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In 2013/14 we sold 90 private sale and 113 shared ownership properties and plan to complete a further 330 private sale and 49 shared ownership homes during 2014/15.
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block the changes saying "OHG has, in effect stolen the right of Island Homes to govern themselves… We ask you to intervene and suspend the merger process."
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managed by Toynbee Island Homes, a charitable subsidiary formed to look after stock transferred from London Borough Tower Hamlets on the Isle of Dogs.
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Around a third of TIH homes failed to meet the Decent Homes Standard used by the Housing Corporation in 2007, the regulator at the time.
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fund the construction of our new homes by selling on the open market. We do this independently and through joint venture partnerships.
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Help save our homes - Stop One Housing Group evicting Islington Park Street and Crescent Road Communities], change.org
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https://onehousing.co.uk/about-us/riverside-and-one-housing-groups-in-partnership-talks/a-complementary-partnership
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The two linked communities collected an 8,000 strong petition asking for their communities not to be evicted.
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Tower Hamlets ran a stock transfer consultation, followed by a local referendum:
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stated that One Housing Group need to improve its governance and oversight:
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Isle of Dogs residents ask housing minister Grant Shapps to block takeover
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One Housing Group embroiled in Twitter row with tenants facing eviction
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Their Chief Executive is Richard Hill, and they are a member of the
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According to their annual report 2013-14, One Housing says they:
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King's Cross Central: 'a crude exercise in social engineering'
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HCA Regulatory Judgement on One Housing Group Limited – LH0171
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Riverside Group and One Housing, a complementary partnership
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One Housing Group workers strike to defend their union rep
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Crisis of confidence over Isle of Dogs’ One Housing Group
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HCA Regulatory Judgement on One Housing Group Limited
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759:Housing organisations based in London
754:Housing associations based in England
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371:Docklands and East London Advertiser
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303:, Housing Corporation, November 2007
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660:Shepherds Bush Housing Association
224:Chief Executive Salary Survey 2020
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689:National associations in London
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133:London Borough of Tower Hamlets
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220:'s 500 social housing units.
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191:Pay cuts and union disputes
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27:and the south east of the
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636:Sovereign Network Group (
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351:Isle of shattered dreams
207:A 2012 investigation by
76:Social Housing Regulator
125:Poplar Borough Council
74:In its 2013 audit, the
522:15 August 2015 at the
357:blog, 1 September 2012
316:Five Year Plan 2014-19
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117:Greater London Council
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680:Agudas Israel Housing
665:Hornsey Housing Trust
353:, Cllr Marc Francis,
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720:Housing cooperatives
696:Anchor Hanover Group
670:Newlon Housing Trust
609:Notting Hill Genesis
584:Guinness Partnership
218:King's Cross Central
203:King's Cross Central
21:housing association
648:Local associations
470:2015-03-17 at the
258:"Official website"
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480:24 September 2012
264:on 15 August 2015
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598:East Thames
574:A2 Dominion
98:Controversy
748:Categories
589:Hyde Group
242:References
633:(Optivto)
355:Red Brick
268:16 August
169:The Wharf
23:based in
631:Southern
520:Archived
468:Archived
46:Strategy
614:Peabody
594:L&Q
579:Clarion
700:Anchor
129:Samuda
127:) and
25:London
196:Unite
19:is a
270:2015
211:and
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