Assessing financial viability
Registered housing agencies are required to operate viable social businesses. This means having recourse to adequate financial resources to meet current and future business and financial commitments.
We assess agency financial health by looking at such factors as
- sustainability of financial performance
- financial stability
- potential for growth
The approach is described in our financial viability [pdf 304kb] publication.
Risk analysis
The depth of review undertaken around financial viability is based upon a risk analysis. This takes account of factors such as
- growth undertaken by agency, such as capital works
- level of borrowing of agency
- the impact of failure of an agency
- the result of a desktop financial analysis
Assessment report
Outcomes of financial assessment are contained in the annual financial viability assessment report provided to each agency.
