Metropolitan Funding PLC MTVH Notice of Lenders Update March 2022 (2080H)
April 05 2022 - 3:00AM
UK Regulatory
TIDM38EO
RNS Number : 2080H
Metropolitan Funding PLC
05 April 2022
Metropolitan Funding PLC
Thames Valley Housing Association (TVHA).
The TVHA group (trading as Metropolitan Thames Valley), one of
the UK's leading providers of affordable housing and care and
support services, announces that it held an update meeting with key
lenders on Wednesday 30 March.
https://www.mtvh.co.uk/?attachment_id=108362
Topics covered included the Operating environment, the Financial
and Development position as well as an update on both
Sustainability and Decarbonisation.
The core housing business continues to perform well despite the
lingering impact of Covid-19, increasing inflation and interest
rates, and the emerging risks resulting from the conflict in
Ukraine. Total revenue including home sales is still expected to be
around 10% lower than last year due to the prior year bulk sale.
Underlying operating surplus is in line with expectations.
Liquidity management remains a key focus to mitigate the impact
of wider economic shocks; the position remains comparable to that
reported at 30 September 2021.
TVHA is pleased to welcome Helen Cope to the Board from March
2022, and she has been appointed Chair of the Customer Services
Committee.
https://www.mtvh.co.uk/about-us/board-and-executive/
TVHA has also published its first Sustainability Reporting
Standards (SRS) Report following its decision to act as an early
adopter of the Good Economy criteria.
https://www.mtvh.co.uk/wp-content/uploads/2022/02/MTVH-SRS-Report-Feb-2022.pdf
Enquiries
Please contact: Donald McKenzie, Director of Corporate Finance,
at donald.mckenzie@mtvh.co.uk or on (W) 0203-535-4434 or (M) 07738
714126
This information for investors is also available on our website:
https://www.mtvh.co.uk/about-us/investors/
Disclaimer
The information in this announcement has been prepared by the
Thames Valley Housing Association group and is for information
purposes only.
The announcement should not be construed as an offer or
solicitation to buy or sell any securities issued by the Parent,
the Issuer or any other member of the Group, or any interest in any
such securities, and nothing herein should be construed as a
recommendation or advice to invest in any such securities.
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END
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