Article summary
The Regulator of Social Housing (RSH) has published a regulatory notice for Auxesia Homes Limited following a reactive investigation into potential viability issues after a review of its latest financial statements for year ending 30 September 2021. The RSH found that Auxesia Homes Limited was non-compliant with the Governance and Financial Viability Standard, failed to demonstrate it had an appropriate, robust and prudent risk and control framework in place and failed to assess, manage, and address risks to ensure the long-term viability of the registered provider. The regulator also concluded that the board did not demonstrate that it was managing its affairs with an appropriate degree of skill, independence, diligence, effectiveness, prudence and foresight.
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