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​Riverside upgraded and Muir Group downgraded in latest regulatory judgements

By 2024-03-27T11:02:00

regulations governance

Regulator of Social Housing finds Riverside is ‘able to control’ its organisation after merger with One Housing Group

Riverside has had its governance rating upgraded after improving its management of risk following its merger with One Housing Group.

The Regulator of Social Housing (RSH) today moved the 77,000-home association’s governance rating from ‘G2’ to the top ‘G1’ grade.

RSH had previously given Riverside the lower ‘G2’ rating – which means it is compliant but needs to improve -due to concern over risks from its merger with One Housing Group in 2021. One, which reported a £25.5m pre-tax deficit for 2020/2021, joined Riverside as a subsidiary in December 2021 before fully amalgamating last year.

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