CIH North West Excellence in Governance On-going trends and growth of diversification Mike Gaskell – Partner, Trowers & Hamlins LLP Presentation ———— April 2015
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CIH North West
Excellence in Governance
On-going trends and growth of diversification Mike Gaskell – Partner, Trowers & Hamlins LLP
Presentation ———— April 2015
Diversification – for commercial proft
● Corporate acquisition
● Facilities management
● Lettings agency
● Housing management
● Repairs and maintenance
● Selling services to others
● PRS
Diversification – for relevance and influence
Community
Gateway
Association
Community
College Strategic alliance
Preston
Vocational
Centre
RP1
RP2
Care
providers
Other
charities
Cost
Sharing
Vehicle
Diversification – for vfm and efficiency (1)
Existing Cost Sharing Groups
● East Thames / Triathlon (housing management)
● Guinness / Westward (gas servicing)
● Aster / English Rural (audit and rural development)
● Fortis / Rooftop (R&M)
● BPHA / Flagship (housing management)
● Watford Community/ Thrive (R&M and apprenticeships)
● Housing co-operative / multiple members (multiple
services)
● Devon & Cornwall HA / West Devon (multiple services)
● Barcud (audit)
● ISOS/Two Castles (gas servicing)
Diversification – for vfm and efficiency (2)
Strategic alliance
Aster
Group
English
Rural
Strategic alliance
Diversification – for funding
● Institutional funding – lease back deals/ index linked
financing
● Mirror associations
● Bond vehicles
Diversification in care
● Integrated service models – working with others
collaboratively
● Economies of scale – mergers and rationalisation of property
assets
Group structures – structural types
● Commercialised
● Socially focused
● More streamlined / less complex
Specific staffing issues
● The big issues are costs and flexibility
● Maximising staff efficiency
● Considering controversial topics head on – use of
zero hours contracts and NMW/living wage
● Pensions decisions will drive group structures
● Where are staff employed?
● Avoiding triggers of payments out
Identifying opportunities
● Know your business
● Know your strategy
● Talk to people
● Know your communities
● Understand the risks
HCA’s reaction to sector change
● Revised regulatory framework
● Governance and financial
viability standard and new Code
● Board skills
● Asset and risk register
● Protecting social housing assets
● Stress testing
● Self certification – increased onus on boards/ increased
onus on you
Contact
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Mike Gaskell
Partner
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