Rosewood Housing Limited is non-compliant with RSH's governance and financial viability standard
In a regulatory notice published today (27 November 2023), the Regulator of Social Housing has concluded that Rosewood Housing Limited (Rosewood) is non-compliant with the governance and financial viability standard.
Following a self-referral, RSH investigated Rosewood and found significant issues with its financial viability and governance arrangements.
Rosewood, a for-profit provider, is a subsidiary of Inland Homes plc which has entered into administration. As a result, Rosewood is only currently able to operate with the support of the administrators.
RSH currently lacks assurance that Rosewood can remain financially viable. It has concluded that Rosewood has not managed its affairs with an appropriate level of skill, independence, diligence, effectiveness, prudence and foresight.
RSH continues to engage intensively with Rosewood. The provider has started to address these issues and is in discussions with administrators to protect its viability in the longer term.
Harold Brown, Senior Assistant Director for Investigations and Enforcement, said:
Notes to Editors