Arches Housing Association
Small but ambitious association with new team at the top. As usual for smaller but active associations, all the same business planning challenges, treasury management, governance and regulatory requirements as bigger associations, but without the need or resources to keep specialist finance skills in-house full time.
How We Helped
4point2 provided a combination of hands-on support for the essential strategic finance tasks – annual business planning review, raising new finance, regulatory requirements, etc., plus capacity building and skills transfer for the permanent team. The value of the support was enhanced by giving a commitment to maintain long term, close and supportive relationship while avoiding over-dependency on external support and working towards full skills transfer.
4point2 has enabled Arches to increase the available loan facilities by 80%, identified unused security to support a further £20m of borrowing, contributed to a successful In-depth Assessment with a G1/V1 rating, three clean, query free Financial Forecast Returns and support for an ambitious development programme.