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Investor relations

Our investors are key to achieving our goal of providing and maintaining high quality affordable homes and services. We welcome approaches from new investors.

We build homes in an area where there is an overwhelming demand for affordable housing.  We have a strong business plan and are committed to using our financial capacity to grow the business and provide more high quality new homes with low levels of subsidy. We plan to build 1,000 new homes in the next five years.

We have moderate debt levels and our cash-flow is strong.

To meet our aim we need a diverse range of funding which is structured cost-effectively to provide the necessary investment funds and maintain liquidity.

Our strategy

Our strategy is to raise capital through a bond issue in early 2015 to continue to fund responsible growth, with investment enhancing the value of the business.

Governance

Our board members are responsible for governing Paragon. Their central role is to direct our work and determine direction and strategy in an effective and accountable way. As a business for social purpose we believe that it is important that we are open and transparent in all that we do.

Latest News

Paragon Community Housing and asra Housing Group will be amalgamated into a single 24,000 home organisation from April 2017.

The new organisation will be known as PA Housing.  The designate Board and Executive Team were announced on 9 February 2017.

PA Housing plans to build 350 additional homes per annum as a result of the additional capacity generated from the consolidation of its operations and more efficient treasury management.

John Cudd, Chair of Paragon said, “Following a rigorous recruitment process, I am very pleased that we will have a highly talented Board and Executive Team.  We will have the right skills and experience to build on the respective strengths of each organisation and boost our drive to provide quality homes and services to our customers.”

Aman Dalvi, Chair of asra and designate Chair of PA Housing said, “Our aim is to deliver more homes and provide better services through our teams and through strong alliances and partnerships with a range of stakeholders involved in the supply chain.”

Executive Team

Chief Executive - Dilip Kavi

Chief Operating Officer - Matt Cooney

Business Development & Sales - Chris Whelan

Director of Finance - Simon Hatchman

Governance & Co Secretary - Marion Hall

Operations (Midlands/London) - Patrick Taylor

Operations (London/South East) - Ian Watts

PA Housing Board

Steve Amos

Chris Cheshire

John Cudd

Aman Dalvi (Chair)

David Edwards

Richard Harris

David Hunter

Curtis Juman

Katherine Lyons

Wayne Morris

Gemma Saffhill

Anne Turner

Useful links:

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Media & press contact:

Marion Hall
Director of Corporate Services
Tel: 01932 235 721
mhall@paragonchg.co.uk

 

 

Paragon has the highest rating for governance & viability

G1 V1

as awarded by the Homes and Communities Agency

Paragon has a low risk credit rating of

A2

issued by Moody's Investors Service

"Staff consistently said that the focus on customer service excellence is about exceeding the standard levels of support and service provided by ‘ordinary’ housing associations."

-Investors In People Assessor

September 2014