GCH is the UK’s last successful large-scale voluntary stock transfer (LSVT) of housing stock from a Council to a new Registered Provider of Social Housing.
Ridge has provided a wide variety of specialist asset management advisory services for Gloucester City Homes over a number of years.
Having been selected for our considerable experience of LSVT, Ridge worked closely with GCH, and its financial and legal advisors, through the preparations and transfer stages, helping to formulate effective and fundable business planning options. Ridge provided robust stock condition survey data and specialist investigations of the significant number of high rise and non-traditional dwellings within the portfolio.
Our work has included:
Due diligence review of stock data and associated information, to inform stock transfer proposals
Working with financial consultants and specialist advisors to successfully deliver stock transfer of housing and related assets
New stock condition surveys (50% sample of the stock + all blocks).
Surveys of related assets, including garages
Populating the PIMSS asset management database
Creation of 30-year business plan input tables
Drafting of ‘optional’ business plan reductions to determine affordability, post Government rent reductions
Specialist structural engineering inspection of high-rise and non-traditionally constructed dwellings
Development of future works programmes and procurement strategy
Options appraisal for a tax efficient model to deliver the repairs and voids service
Facilitation of workshops to derive a strategy for commercial units
Drafting of an asset management strategy
Provision of a whole stock viability model, with options appraisal templates and process maps.
Drafting of HCA value for money statement in respect of asset management activity