We own and manage over 9,000 homes across Essex. High demand for our homes provides excellent opportunities for further growth through the provision of new properties.
We have a strong focus on Essex, enabling economies of scale and geography to be harnessed, as reflected in our strong financial performance and peer group benchmarking results.
We have adapted well to the changes affecting the UK social housing sector and the economy as a whole. Since 2011 we have been developing new homes without grant subsidy from central government and have a pipeline of around 300 new homes per year.
We issued our first corporate bond in December 2013 through our funding vehicle Myriad Capital Plc. Myriad Capital Plc. is a wholly owned subsidiary of CHP. The £200m bond included £75m retained bonds and was shared between nine investors.
In November 2017, we issued £75m of secured, retained public bonds. These were sold through our financing subsidiary Myriad Capital Plc. The bonds were successfully placed with high quality, long term investors and the proceeds will be used to fund our ambitious development programme over the next two to three years, delivering around 1,000 new homes.
Rating and regulation
We are rated A+ by Standard & Poor's. We hold ratings from the Homes and Communities Agency for both governance (G2) and financial viability (V1). For more information on the regulation of social housing in the UK see the HCA website. See the governance and performance section of this website for more information about our regulation and ratings.
Board and directors
Our board of trustees bring together a broad mix of skills and expertise to provide the group with a clear strategy and to provide the executive management team with constructive challenge and support.
The executive management team has a proven track record of delivering new homes, high quality services, and value for money.