Registered provider rejoins ALMO it left 10 years ago

Dawn Keightley, chair of Leazes Homes, added: “Leazes Homes’ board has had clear ambitions around developing exemplar accommodation solutions in the supported housing market for some time, but was also aware that Leazes Homes’ existing operating model would not be able to gear up to deliver against those ambitions and other solutions needed to be considered to bring in the capacity, knowledge and resources required.”

In its last reported full-year to the end of March 2020, Leazes posted an 84% drop in surplus to £41,000 on a flat turnover of £6.3m. It delivered one new unit of social housing in the year.

In its accounts filed at Companies House, Leazes said it had decided to “focus its resources on providing supported housing”.

Leazes Homes will maintain its own identity and retain its assets, YHN said. An intra-group agreement is being established that will include protections to secure Leazes Homes’ assets.

Leazes’ board will be responsible for the “strategic and operational oversight” of the supported housing and services for both partners, YHN added.

Elsewhere in the region, Thirteen, one of the North East’s largest housing associations, last month acquired more than 1,000 homes from Clarion as part of the G15 landlord’s stock rationalisation programme.