SBHG, set up in 1966 by members of St Stephen’s Church, has more than 5,000 homes in West London. Guinness has released a statement stating that the SBHG brand will initially be preserved with the partnership aiming to take place in the autumn.

In June 2022, the RSH published a report identifying weaknesses in SBHG’s risk management and internal control frameworks and business plan reporting. The report concluded it had failed to identify the potential crystallisation of financial risks in sufficient time.

…