The Regulator of Social Housing (RSH) has published a Regulatory Notice (RN) for Eldonian Community Based Housing Association Limited (Eldonian), a small provider based on Merseyside. Eldonian owned or managed 394 units of social housing in Liverpool at 31 March 2021. As Eldonian owns less than 1,000 homes it does not currently have a published Regulatory Judgement (RJ).
The RSH has found Eldonian to be non-compliant with its Governance and Financial Viability Standard, with the RN referencing “a serious breakdown in the governance, operations and control framework of the provider at the most basic level”.
Key aspects of the RSH’s findings are that Eldonian:
- Made unconstitutional appointments to its Management Committee
- Has significant weaknesses in the leadership of the organisation both at executive level and within the Management Committee
- Has failed to assure the RSH that it is adequately managing its financial resources and any potential conflicts of interest and
- Did not communicate transparently with the RSH about the weaknesses in its leadership and management team.
All of the RJs, RNs and GUR listings published by the RSH can be viewed on the RSH’s website here.