Notting Hill Genesis’ £1.5bn bonds re-listed after delayed accounts published

Notting Hill Genesis’ bonds have resumed trading on the stock exchange after a temporary suspension due to the late filing of its accounts.

The non-compliant G15 landlord had bonds totalling £1.5bn temporarily de-listed at the end of September after announcing it would miss the deadline for filing its accounts. It was the second time in three years the 66,000-home landlord filed its accounts late.

In an announcement today it said: “The Issuer announces that, following the publication of the Issuer’s accounts on 15 October 2026 and publication of the issuer’s accounts on the National Storage Mechanism on 6 November 2026, the temporary suspension in relation to the main market bonds has ended and the listings have been restored today.”

The news comes a fortnight after the Regulator of Social Housing said it is “considering alternative resolution options should they be needed” as NHG tries to move back into regulatory compliance.

NHG was downgraded to a non-compliant ‘G3’ governance grade by the RSH in November 2024. RSH at the time found serious concerns with NHG’s business planning and risk and control frameworks that have led to ‘poor outcomes’ for tenants. It found failures against the new consumer standards including a substantial backlog of overdue fire remediation actions, a lack of data on whether legal requirements had been met in a large number of third party managed buildings, a repairs backlog and a lack of accurate data.

NHG has been working on an improvement plan since 2024 and there have been numerous changes at the top of the organisation. Patrick Franco, chief executive, departed the landlord in September, with former Network boss Helen Evans drafted in as interim.

Earlier this year CFO Mark Smith stood down and NHG brought in Ken Youngman, formerly of Family Mosaic as interim. It also last year appointed former Peabody boss Brendan Sarsfield as chair and hired Curo boss Victor da Cunha as chief customer officer.

NHG recorded a pre-tax deficit in 2025/26 of £284.6m, more than double the £130m reported for the prior year. It incurred a series of one-off costs including asset revaluations and building safety provisions.