ao link

Mark Henderson to retire from Home Group after 18 years in charge

Home Group has announced that Mark Henderson will retire as chief executive after 18 years in charge of the housing association.

Linked InXFacebookeCard
Mark Henderson
Mark Henderson has served as chief executive of Home Group since he joined the landlord in 2008
Sharelines

LinkedIn SHHome Group has announced that Mark Henderson plans to retire as chief executive after 18 years in charge of the housing association #UKhousing #SocialHousingFinance

Mr Henderson has served as chief executive of Home Group since he joined the landlord in 2008.

 

The Newcastle-based housing association, which manages around 57,000 homes across England and Scotland, said it will now launch a recruitment campaign for a successor. 


Read more

Home Group sees £11.5m rise in pre-tax surplusHome Group sees £11.5m rise in pre-tax surplus
Home Group increases liquidity by £260m in refinance that improves covenantsHome Group increases liquidity by £260m in refinance that improves covenants
Parent group of North West ALMO names new chief executiveParent group of North West ALMO names new chief executive

An appointment is then expected to take place later this year, and Mr Henderson’s departure date will depend on when a replacement is found.

 

The group said he will work a “significant notice period to enable a smooth and seamless transition to his successor”.

 

The long-serving leader’s decision to retire comes as Home Group is marking its 90-year anniversary this year.

John Cridland, chair of Home Group, said: “The board and I want to thank Mark for his outstanding leadership and for ensuring a clear, well-planned transition.

 

“Under his stewardship, Mark has expanded Home Group’s mission to build more homes and provide more services, and has created strong relationships at the highest levels of government and within the sector. All of which have brought significant benefit to the organisation, our customers and our communities.

 

“We are now working in partnership with an external agency in the search for our next chief executive. In the meantime, it is very much business as usual, and the organisation remains in a strong and stable position.” 

 

According to its financial results for 2024-25, Home Group posted a pre-tax surplus of £34.7m, a rise from £23.2m in the previous year.

 

In December, the provider retained its regulatory grades of G1/V2.

 

In April last year, the housing association increased its liquidity by £260m and improved its covenants after refinancing revolving credit facilities (RCFs) with three lenders and securing another RCF.

Sign up for Social Housing’s weekly news bulletin

Picture: Alamy
Picture: Alamy

 

New to Social Housing? Click here to register and receive our weekly news bulletin straight to your inbox

 

Social Housing’s weekly news bulletin delivers the latest news and insight across finance and funding, regulation and governance, policy and strategy, straight to your inbox. Meanwhile, news alerts bring you the biggest stories as they land. 

 

Already have an account? Click here to manage your newsletters.

Linked InXFacebookeCard
Add New Comment
You must be logged in to comment.