Sovereign Housing

A strong business

We are a robust, well-run business with excellent credit ratings of A+ with Standard & Poor’s and A2 with Moody’s. We hold the highest ratings from the Regulator of Social Housing for both viability (V1) and governance (G1), which were confirmed in our In-Depth Assessment last year.

We’ve made substantial progress in delivering value for money services, taking up opportunities created by our merger in 2016. And we’ve achieved our £34m targeted saving since 2015 – a year earlier than forecast. This means we can reinvest these savings into higher quality services for our residents and in the growth of the business an approach that earned us a ‘gold’ in the Housing Association National Accountancy Awards 2018.

While we’re not-for-profit – with every penny reinvested in homes and services – we’re still a major business. With the financial clout of a FTSE-250 business, we combine our financial and organisational strength, along with funding from government, banking and capital markets, to maximise our social impact.

These firm foundations, along with our fantastic people, mean we can do even more as we work towards achieving our ambitious new five-year strategy.

This December, it will be thirty years since Sovereign was created out of a stock transfer in West Berkshire. While our social purpose has not changed, our transformation over the last three decades has been dramatic. We’re proud to stand by our long-standing decision to protect our social rented homes, not converting them to the higher affordable rent on re-let.