Futures Treasury PLC Futures Housing Group ends partnership talks (7133B)
04 October 2022 - 11:55PM
UK Regulatory
TIDM93YU
RNS Number : 7133B
Futures Treasury PLC
04 October 2022
bpha, Flagship and Futures end Partnership Talks
After six months of detailed discussions, bpha, Flagship and
Futures have ended their talks to try and form a new 60,000 home
association.
Since announcing talks in April, the economic environment has
changed in an unprecedented manner, undermining the potential to
achieve the goals the partners had set themselves.
Reflecting on this decision, the Chairs of the respective
organisations said: "As three individually strong organisations we
set ourselves some ambitious goals for a potential new
organisation. Given the change in economic circumstances over the
last six months, achieving these aims is no longer feasible and
therefore we have agreed to end the talks. Each of the
organisations is well placed to continue to serve their customers
effectively and now look forward to supporting each other in the
normal course of business."
Futures is rated G1, V1 by the RSH and has an A+ (stable
outlook) credit rating from S&P.
For further information, please contact Ian Skipp, Group Finance
and Resources Director, Futures Housing Group on 07973 495403.
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