PR Newswire
London, December 22
| QUARTERLY REPORT AS AT | September 2015 | |||||||||||
| TABLE 1: COLLATERAL | ||||||||||||
| ASSOCIATION | NO OF DWELLINGS | LAST REPORT NUMBER OF DWELLINGS | DIFFERENCE NUMBER OF DWELLINGS | AVERAGE PER DWELLING | GROSS ANNUAL RENT | NET RENTAL INCOME | ANNUAL DEBT SERVICE | NET RENTAL COVER | ||||
| WEEKLY GROSS RENT | VOIDS & CREDIT LOSSES | ANNUAL PROVISION PER DWELLING FOR... | ||||||||||
| MANAGEMENT | MAINTENANCE | SERVICE CHARGES | ||||||||||
| A2 | 283 | 283 | 0 | 161.85 | 336.64 | 445.15 | 702.01 | 2,421.79 | £2,276,410.32 | £1,259,525.68 | £686,751.00 | 1.83 |
| Arena | 566 | 566 | 0 | 92.89 | 193.21 | 391.84 | 643.23 | 282.81 | £2,745,614.56 | £1,884,204.86 | £1,016,225.00 | 1.85 |
| Derwent | 422 | 422 | 0 | 89.33 | 185.80 | 392.00 | 632.47 | 392.41 | £1,960,198.24 | £1,283,867.89 | £913,523.00 | 1.41 |
| Home | 559 | 559 | 0 | 109.88 | 228.56 | 396.92 | 714.21 | 476.59 | £3,194,122.88 | £2,178,815.58 | £1,432,167.00 | 1.52 |
| Jephson | 1,163 | 1,163 | 0 | 104.22 | 216.77 | 392.00 | 698.10 | 153.01 | £6,302,648.56 | £4,604,809.50 | £3,076,087.00 | 1.50 |
| Knightstone | 458 | 458 | 0 | 105.76 | 219.98 | 391.88 | 644.95 | 101.60 | £2,518,714.12 | £1,896,564.96 | £1,322,967.00 | 1.43 |
| Midland Heart | 628 | 628 | 0 | 97.99 | 203.82 | 407.43 | 691.38 | 463.33 | £3,200,031.64 | £2,091,007.76 | £1,215,720.00 | 1.72 |
| Paradigm | 181 | 181 | 0 | 127.20 | 264.58 | 392.00 | 688.80 | 84.59 | £1,199,073.72 | £932,598.94 | £501,691.00 | 1.86 |
| Riverside | 960 | 961 | (1) | 91.74 | 190.81 | 392.00 | 632.47 | 112.73 | £4,579,474.64 | £3,304,582.17 | £1,525,337.00 | 2.17 |
| Thames Valley | 515 | 515 | 0 | 141.11 | 293.51 | 392.00 | 712.20 | 349.42 | £3,754,956.92 | £2,855,422.00 | £1,626,736.00 | 1.76 |
| Viridian | 1,417 | 1,417 | 0 | 124.19 | 258.31 | 430.32 | 705.04 | 700.77 | £9,150,692.72 | £6,182,853.85 | £4,092,419.00 | 1.51 |
| TABLE 2: COLLECTION | ||||||||||||
| OVER LAST 52 WEEKS ... | OVER LAST 28 WEEKS ... | |||||||||||
| ASSOCIATION | GROSS RENT | COLLECTED RENT | NET COLLECTED RENT | (COLLECTED RENT) /(GROSS RENT) | (NCR) /(ADS) | GROSS RENT | COLLECTED RENT | NET COLLECTED RENT | (COLLECTED RENT) /(GROSS RENT) | (NCR) /(ADS) | ||
| A2 | £2,446,091.43 | £2,446,109.34 | £1,433,273.53 | 1.00 | 2.09 | £1,269,098.13 | £1,278,872.68 | £743,627.74 | 1.01 | 1.08 | ||
| Arena | £2,738,701.02 | £2,662,810.93 | £1,914,059.81 | 0.97 | 1.88 | £1,483,144.90 | £1,445,071.18 | £1,043,205.50 | 0.97 | 1.03 | ||
| Derwent | £1,922,967.96 | £1,947,275.39 | £1,362,490.25 | 1.01 | 1.49 | £1,047,754.62 | £1,026,572.59 | £706,361.03 | 0.98 | 0.77 | ||
| Home | £3,143,985.01 | £3,081,549.07 | £2,215,734.44 | 0.98 | 1.55 | £1,716,327.47 | £1,704,234.28 | £1,227,850.24 | 0.99 | 0.86 | ||
| Jephson | £6,266,600.62 | £6,272,481.90 | £4,835,328.22 | 1.00 | 1.57 | £3,400,840.59 | £3,447,210.32 | £2,669,575.14 | 1.01 | 0.87 | ||
| Knightstone | £2,487,840.70 | £2,440,834.52 | £1,923,834.57 | 0.98 | 1.45 | £1,351,367.40 | £1,297,523.80 | £1,018,334.74 | 0.96 | 0.77 | ||
| Midland Heart | £3,178,696.08 | £3,116,946.59 | £2,150,179.01 | 0.98 | 1.77 | £1,714,884.70 | £1,702,394.02 | £1,175,907.02 | 0.99 | 0.97 | ||
| Paradigm | £1,181,913.84 | £1,170,062.39 | £954,605.23 | 0.99 | 1.90 | £642,224.06 | £639,714.90 | £524,043.93 | 1.00 | 1.04 | ||
| Riverside | £4,511,347.95 | £4,485,087.61 | £3,406,754.72 | 0.99 | 2.23 | £2,458,759.77 | £2,453,660.62 | £1,866,916.20 | 1.00 | 1.22 | ||
| Thames Valley | £3,536,519.36 | £3,437,222.28 | £2,686,865.55 | 0.97 | 1.65 | £1,922,263.42 | £1,947,826.26 | £1,545,667.39 | 1.01 | 0.95 | ||
| Viridian | £9,079,989.63 | £9,086,569.69 | £6,482,108.54 | 1.00 | 1.58 | £4,920,277.91 | £4,969,516.91 | £3,567,603.29 | 1.01 | 0.87 | ||
| TABLE 3: COMPLIANCE | ||||||||||||
| ASSOCIATION | NET RENTAL COVER | OVER LAST 52 WEEKS ... | OVER LAST 28 WEEKS ... | OUTCOME OF STOCK CONDITION SURVEY | TABLE 4: ADDITIONAL FACILITY | |||||||
| NRC>=105% | COLLECTED RENT OVER GROSS RENT >= 95% | NET COLLECTED RENT TEST NCR >= 115% ADS | COLLECTED RENT OVER GROSS RENT >= 95% | NET COLLECTED RENT TEST NCR >= 61.92% ADS | PROVIDER NAME | DRAW-DOWNS | OUTSTANDING BALANCE | |||||
| A2 | Pass | Pass | Pass | Pass | Pass | CGTC | ORIGINAL | Barclays | ||||
| Arena | Pass | Pass | Pass | Pass | Pass | CGTC | AF PROVIDER | Bank plc | £9,435,000.00 | £0.00 | ||
| Derwent | Pass | Pass | Pass | Pass | Pass | CGTC | ||||||
| Home | Pass | Pass | Pass | Pass | Pass | CGTC | TABLE 5: LIABILITIES | |||||
| Jephson | Pass | Pass | Pass | Pass | Pass | CGTC | OUTSTANDING NOTE AMOUNT PRINCIPAL (PER £100) | TOTAL NOTE AMOUNT ISSUANCE TO DATE | ||||
| Knightstone | Pass | Pass | Pass | Pass | Pass | CGTC | ||||||
| Midland Heart | Pass | Pass | Pass | Pass | Pass | CGTC | ||||||
| Paradigm | Pass | Pass | Pass | Pass | Pass | CGTC | ||||||
| Riverside | Pass | Pass | Pass | Pass | Pass | CGTC | ||||||
| Thames Valley | Pass | Pass | Pass | Pass | Pass | CGTC | AS AT END | |||||
| Viridian | Pass | Pass | Pass | Pass | Pass | CGTC | OF THE QTR | 68.12186755 | £192,270,000.00 | |||
| Notes | ||||||||||||
| 1 32 Russell Street, previously charged under the Riverside Loan Agreement was released on 27th July 2015 | ||||||||||||
