PR Newswire
London, August 17
QUARTERLY REPORT AS AT June 2016
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 Arena Derwent Home Jephson Knightstone Midland Heart Paradigm Riverside Thames Valley Viridian | 283 566 422 559 1,161 458 628 181 960 515 1,416 | 283 566 422 559 1,163 458 628 181 960 515 1,417 | 0 0 0 0 (2) 0 0 0 0 0 (1) | 183.50 94.13 89.52 110.45 103.54 105.97 100.67 128.68 92.76 140.04 124.78 | 381.68 195.79 186.19 229.73 215.37 220.41 209.40 267.66 192.94 291.28 259.54 | 451.13 396.84 397.00 402.03 397.00 396.88 412.73 397.00 390.00 421.04 437.03 | 711.35 651.79 640.89 723.72 707.39 653.53 700.58 697.97 640.89 706.96 718.77 | 2,724.79 260.06 394.84 533.16 151.56 111.50 505.13 85.25 154.94 405.71 708.03 | £2,700,386.76 £2,770,387.36 £1,964,338.48 £3,210,447.24 £6,250,986.04 £2,523,670.76 £3,287,529.44 £1,211,159.56 £4,630,536.04 £3,750,292.52 £9,187,750.52 | £1,492,274.92 £1,918,856.31 £1,281,151.06 £2,154,699.31 £4,542,787.04 £1,890,569.97 £2,139,644.06 £949,093.02 £3,306,921.24 £2,810,420.58 £6,181,048.62 | £686,751.00 £1,016,225.00 £913,523.00 £1,432,167.00 £3,076,087.00 £1,322,967.00 £1,215,720.00 £501,691.00 £1,525,337.00 £1,626,736.00 £4,092,419.00 | 2.17 1.89 1.40 1.50 1.48 1.43 1.76 1.89 2.17 1.73 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 | £2,483,689.02 | £2,456,808.90 | £1,414,508.86 | 0.99 | 2.06 | £1,240,762.49 | £1,212,408.36 | £695,332.61 | 0.98 | 1.01 |
| Arena | £2,758,363.34 | £2,731,542.55 | £1,986,925.82 | 0.99 | 1.96 | £1,484,272.90 | £1,451,111.44 | £1,050,764.15 | 0.98 | 1.03 |
| Derwent | £1,961,501.57 | £1,964,075.68 | £1,364,363.94 | 1.00 | 1.49 | £1,057,746.61 | £1,067,787.92 | £743,919.03 | 1.01 | 0.81 |
| Home | £3,198,204.59 | £3,183,403.58 | £2,285,913.67 | 1.00 | 1.60 | £1,723,994.03 | £1,738,465.12 | £1,250,610.15 | 1.01 | 0.87 |
| Jephson | £6,285,806.27 | £6,337,696.82 | £4,888,859.84 | 1.01 | 1.59 | £3,376,862.21 | £3,451,907.36 | £2,670,193.04 | 1.02 | 0.87 |
| Knightstone | £2,520,021.62 | £2,396,547.12 | £1,872,240.89 | 0.95 | 1.42 | £1,357,610.20 | £1,279,595.21 | £995,949.87 | 0.94 | 0.75 |
| Midland Heart | £3,204,455.33 | £3,141,004.01 | £2,149,223.08 | 0.98 | 1.77 | £1,731,663.85 | £1,674,681.96 | £1,136,160.36 | 0.97 | 0.93 |
| Paradigm | £1,203,802.96 | £1,189,959.40 | £978,354.30 | 0.99 | 1.95 | £651,519.84 | £662,646.76 | £548,396.95 | 1.02 | 1.09 |
| Riverside | £4,593,833.14 | £4,570,155.10 | £3,468,715.86 | 0.99 | 2.27 | £2,479,633.66 | £2,479,037.00 | £1,881,441.29 | 1.00 | 1.23 |
| Thames Valley | £3,565,347.59 | £3,475,704.47 | £2,717,278.17 | 0.97 | 1.67 | £1,926,834.36 | £1,882,765.02 | £1,467,628.29 | 0.98 | 0.90 |
| Viridian | £9,164,628.81 | £9,182,108.69 | £6,568,787.38 | 1.00 | 1.61 | £4,940,942.60 | £4,997,503.79 | £3,585,114.12 | 1.01 | 0.88 |
TABLE 3: COMPLIANCE
ASSOCIATION | COVER | OVER LAST 52 WEEKS ... | OVER LAST 28 WEEKS ... | OUTCOME OF STOCK CONDITION SURVEY | ||
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 | ||
| A2 | Pass | Pass | Pass | Pass | Pass | CGTC |
| Arena | Pass | Pass | Pass | Pass | Pass | CGTC |
| Derwent | Pass | Pass | Pass | Pass | Pass | CGTC |
| Home | Pass | Pass | Pass | Pass | Pass | CGTC |
| Jephson** | Pass | Pass | Pass | Pass | Pass | CGTC |
| Knightstone | Pass | Pass | Pass | Fail | 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 |
| Viridian* | Pass | Pass | Pass | Pass | Pass | CGTC |
TABLE 4: ADDITIONAL FACILITY
PROVIDER NAME | DRAW-DOWNS | OUTSTANDING BALANCE | |
| ORIGINAL AF PROVIDER | Barclays Bank plc | £9,435,000.00 | £0.00 |
TABLE 5: LIABILITIES
OUTSTANDING NOTE AMOUNT PRINCIPAL (PER £100) | TOTAL NOTE AMOUNT ISSUANCE TO DATE | |
| AS AT END OF THE QTR | 68.12186755 | £192,270,000.00 |
Notes
*30 Jubilee Close previously charged under the 29 June 2005 Viridian Loan Agreement was released on April 2016.
**7 Lockfield and 8 Downfield Drive, previously charged under the 29 June 2005 Jephson Loan Agreement were released on May 2016.
