Pivotal Housing Association
For our clients to realistically take positive steps towards rehabilitation and recovery, providing them with a home and basic support should be complimented with training in life skills, vital for securing employment, their own tenancies and surviving independently. Our aim is to introduce a spectrum of training course to be made available to all of our clients over the next 12 months.
Financial health, per its FY2024 accounts
The accounts state that the Association reported net liabilities of £3,551,210 for the year ended 31 March 2024, following a historic fixed-rent lease structure that accumulated landlord liabilities due to occupancy levels below required thresholds. However, the trustees report that post-year-end restructuring agreements resulted in the write-off of approximately £4.3 million in historic liabilities, and the financial statements are prepared on a going concern basis subject to a material uncertainty regarding the Regulator's ongoing review and the untested nature of the new lease arrangements.
What the accounts disclose
“The Board has agreed a Reserves Policy establishing a target minimum unrestricted reserve of £500,000.” — page 14
“Accordingly, these matters indicate that a material uncertainty exists which may cast significant doubt on the Association’s ability to continue as a going concern and therefore its ability to realise its assets and discharge its liabilities in the normal course of business.” — page 17
“Pivotal Group Holdings Included in other creditors are £1,071,888 (2023: £877,694).”
“Charles Terence Estates Limited D Dixon is a director and shareholder of this Company. S Fowley is a director and shareholder of this Company This Company has paid rentals during the period for hostels occupied by the Association as follows: £65,271 (2023: £75,279) rentals payable to Charles Terence Estates Limited.”
“Pivotal Group Holdings Included in other creditors are £1,071,888 (2023: £877,694).”
“Charles Terence Estates Limited D Dixon is a director and shareholder of this Company. S Fowley is a director and shareholder of this Company This Company has paid rentals during the period for hostels occupied by the Association as follows: £65,271 (2023: £75,279) rentals payable to Charles Terence Estates Limited.”
“Pivotal Group Holdings Included in other creditors are £1,071,888 (2023: £877,694).”
“Charles Terence Estates Limited D Dixon is a director and shareholder of this Company. S Fowley is a director and shareholder of this Company This Company has paid rentals during the period for hostels occupied by the Association as follows: £65,271 (2023: £75,279) rentals payable to Charles Terence Estates Limited.”
“Pivotal Group Holdings Included in other creditors are £1,071,888 (2023: £877,694).”
“Charles Terence Estates Limited D Dixon is a director and shareholder of this Company. S Fowley is a director and shareholder of this Company This Company has paid rentals during the period for hostels occupied by the Association as follows: £65,271 (2023: £75,279) rentals payable to Charles Terence Estates Limited.”
“Pivotal Group Holdings Included in other creditors are £1,071,888 (2023: £877,694).”
“Charles Terence Estates Limited D Dixon is a director and shareholder of this Company. S Fowley is a director and shareholder of this Company This Company has paid rentals during the period for hostels occupied by the Association as follows: £65,271 (2023: £75,279) rentals payable to Charles Terence Estates Limited.”
“PHA has previously received regulatory notices from the Regulator of Social Housing (RSH), including in March 2021 and a subsequent enforcement notice in April 2025 and a notice of intended deregistration in January 2026. These identified weaknesses in governance, financial viability, risk management and rent compliance.” — page 13
Inspection and regulatory ratings
- Regulator of Social Housing — Pivotal Housing Association: governance - viability - consumer -
- Regulator of Social Housing — Pivotal Housing Association: governance - viability - consumer -
- Regulator of Social Housing — Pivotal Housing Association:
In the news
- Regulator of Social Housing de-registers Pivotal Housing Association
- RSH is considering compulsory deregistration of Pivotal Housing Association
- RSH considers compulsory deregistration of Pivotal Housing Association
- RSH considering compulsory deregistration of Pivotal Housing Association
- RSH takes enforcement action against Pivotal Housing Association
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2024)
Trustees
- John Clark
- Paul Hackett
- Steven Walton
- Timothy Carpenter
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | — | — |
| 31/03/2024 | £9.6m | £12.3m |
| 31/03/2023 | £9.3m | £10.3m |
| 31/03/2022 | £8.8m | £8.7m |
| 31/03/2021 | £8.0m | £8.0m |
Common questions
Is Pivotal Housing Association financially healthy?
Per its FY2024 accounts: The accounts state that the Association reported net liabilities of £3,551,210 for the year ended 31 March 2024, following a historic fixed-rent lease structure that accumulated landlord liabilities due to occupancy levels below required thresholds. However, the trustees report that post-year-end restructuring agreements resulted in the write-off of approximately £4.3 million in historic liabilities, and the financial statements are prepared on a going concern basis subject to a material uncertainty regarding the Regulator's ongoing review and the untested nature of the new lease arrangements. Its FY2024 accounts were audited by PKF Francis Clark.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MEDLOCK CHARITABLE TRUST | 1 | £115k |
| ODIN CHARITABLE TRUST | 1 | £90k |
| STRATFORD-UPON-AVON TOWN TRUST | 1 | £75k |
| THE ROPER FAMILY CHARITABLE TRUST | 1 | £60k |
| THE NISBET TRUST | 1 | £53k |
| QUARTET COMMUNITY FOUNDATION | 1 | £18k |
| THE CHARLOTTE BONHAM-CARTER CHARITABLE TRUST | 1 | £18k |
| THE ALICE ELLEN COOPER-DEAN CHARITABLE FOUNDATION | 1 | £12k |
Charities like this
- HOPE HOUSING, TRAINING AND SUPPORT LIMITED
- ABILITY HOUSING ASSOCIATION
- CALICO HOMES LIMITED
- THRIVE SOCIAL HOUSING
- SPRING HOUSING ASSOCIATION LIMITED
- The Alongside Charity
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| Pivotal Housing Association | £9.6m | — | 0 | above | — | material uncertainty |
| HOPE HOUSING, TRAINING AND SUPPORT LIMITED | £1.6m | — | — | unclear | — | no doubt |
| ABILITY HOUSING ASSOCIATION | £11.0m | — | — | unclear | — | no doubt |
| CALICO HOMES LIMITED | £35.2m | — | — | unclear | — | no doubt |
| THRIVE SOCIAL HOUSING | £13.0m | — | — | above | — | no doubt |
| SPRING HOUSING ASSOCIATION LIMITED | £21.4m | — | — | unclear | — | no doubt |