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Bernicia Retains Top Regulator Rating

Bernicia has welcomed news that the Regulator of Social Housing (RSH) has confirmed top grades for its governance and financial viability.
John Johnston

Retaining its G1 V1 ratings demonstrates that Bernicia is well-governed and financially resilient.

The ratings follow a successful Annual Stability Check by the RSH, which involves an assessment of financial robustness and changes in risk profile.

Bernicia owns and manages 14,000 properties from the Scottish Border to Darlington, with 570 employees and its headquarters based in Ashington, Northumberland.

John Johnston, Bernicia’s Chief Executive, said: “We are delighted to receive the highest regulatory assessment, which reflects the hard work and strength of the whole team at Bernicia, particularly the close working partnerships between our board, colleagues and involved tenants.

“This assessment is awarded against a backdrop of Bernicia building more homes than ever before and maintaining high levels of investment in our existing stock.

“This includes energy efficiency improvements to ensure tenants have a quality and truly affordable home and our investments in employability initiatives as well as projects to help tackle loneliness and isolation.

“Whilst there are challenges in our marketplace, we are proud to be part of a sector that was established to help people.

“We are determined to continue to put our human and financial resources to work to support our tenants, customers and the wider communities we serve at a time when they arguably need this most.”

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