Why we are engaging with Manor Estates Housing Association (Manor Estates).
We are engaging with Manor Estates about its financial management.
Manor Estates has told us it needs to obtain new private finance during 2024/25 to support its plans.
What Manor Estates must do
Manor Estates must send us by 30 April 2024 an update on the borrowing requirement for 2024/25.
What we will do
We will:
- review the borrowing update and engage as necessary; and
- update our published engagement plan in the light of any material change to our planned engagement with Manor Estates.
Regulatory returns
Manor Estates must provide us with the following annual regulatory returns and alert us to notifiable events as appropriate:
- Annual Assurance Statement;
- audited financial statements and external auditor’s management letter;
- loan portfolio return;
- five year financial projections; and
- Annual Return on the Charter.
It should also notify us of any material changes to its Annual Assurance Statement, and any tenant and resident safety matter which has been reported to or is being investigated by the Health and Safety Executive or reports from regulatory or statutory authorities or insurance providers, relating to safety concerns.