G15 landlord’s bonds will be temporarily delisted from 1 October
Notting Hill Genesis has announced it won’t published its audited accounts until October, missing the regulatory deadline for filing.
It is the second time in three years the G15 landlord will miss the deadline. Its listing of its £1.8bn bonds will also once again be temporarily suspended.
NHG said the delay is “due to internal delays impacting the audit process.”
It said: “The company expects to publish the statements without audit qualification and reiterates its previously disclosed unaudited trading update performance.”
Under the Housing and Regeneration Act 2008, private registered providers must submit a copy of their accounts no later than six months after their year-end. This for most providers, including NHG, is 30 September.
NHG in July said it will report a pre-tax deficit of £285.7m in 2025/26, due mainly to one-off asset valuation adjustments, impairments and building safety remediation provisions. The 68,000-home provider is also continuing to work on an improvement plan after being downgraded to a non-compliant ‘G3’ governance grade by the Regulator of Social Housing in November 2024.
The Regulator of Social Housing has been approached for comment. When NHG last missed the deadline in 2024, an RSH spokesperson said: “We expect all providers to submit the required regulatory information to us in a timely fashion, including their annual financial accounts.”
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