Regulatory Ratings Change

Saxon Weald Group's (incl. Saxon Weald Capital Plc) Regulatory rating to G2/V2/C2 following regulatory judgement 27 August 2025

Saxon Weald Group has received an updated Regulatory Judgement of G2/V2/C2 from the Regulator of Social Housing. This change relates specifically to responsive engagement that focussed on Saxon Weald's risk and control framework relating to the procurement, contract management and some aspects of financial controls associated with delivery of fire safety actions.

Whilst we continue to meet all regulatory requirements and have maintained good overall performance, our revised rating is reflective of improvements needed, which our management team have a comprehensive improvement plan in place to address.

We remain financially strong and focused on delivering high-quality, safe and sustainable homes.

Corinna Bishopp, Chief Executive of Saxon Weald, said: "We recognise the importance of strengthening our oversight on property safety and financial controls and are in full agreement with the Regulator. Our comprehensive action plan is actively addressing these areas, with targeted initiatives to improve our understanding of property conditions and better respond to the individual needs of our customers.

We are already seeing progress, including:

1. A substantial reduction in overdue safety actions;

2. A sustained improvement in our repairs service;

3. Implementation of stronger financial and procurement controls; and

4. Enhanced data collection on our homes and customers.

These improvements will help us deliver safe, quality homes and more responsive services for our customers.

We remain committed to working closely with the Regulator and our stakeholders to restore our G1 rating and achieve a C1 classification. This reflects our dedication to excellence in governance and focus on our customers."