Each year, the Regulator of Social Housing (RSH) runs stability checks to test if large housing associations are financially sound and manage risks appropriately. The RSH has just published its latest judgement on emh group.
Today’s update confirms that emh retains its V2, C1 and G1 status.
Latest update
The RSH completed a stability check of emh in November 2026. These checks review our latest accounts, business plan and a range of other information. The regulator tests our short-term and long-term financial strength, and ability to handle economic pressures.
Our V2 financial viability grade remains the same as the last review in March 2026. The C1 consumer and G1 governance ratings are also unchanged.
The new RSH judgement states that:
“Based on evidence reviewed through our latest stability check, our judgement is that emh group meets the viability requirements of the Governance and Financial Viability Standard and has the financial capacity to deal with a reasonable range of adverse scenarios. However, it needs to manage material risks to ensure it continues to meet those requirements.
“There is appropriate assurance that emh group’s financial plans are consistent with, and support, its financial strategy. emh group has an adequately funded financial plan, sufficient security in place to support its plans, and is forecast to continue to meet its financial covenants.
“emh group continues to meet our viability requirements and has financial capacity to deal with a range of adverse scenarios. However, in the short-term, emh group has plans for significant investment in its current homes which reduces its capacity. In addition, emh group anticipates generating surpluses from the sale of existing homes. While emh group is not reliant on sales, it represents an uncertain cashflow for the organisation which needs to be managed. We have assurance that emh group has reporting and oversight in place to manage the risks of its disposal programme.”
Recap of our 2026 performance
RSH judgements cover different areas of landlord services. Larger landlords, including emh, are graded on three key areas:
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Consumer grades
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Governance grades
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Viability grades.
Our 2026 group performance grades are as follows.
|
Area |
What’s covered |
Possible grades |
emh latest grade and date |
|
Consumer |
How well we manage homes and services, spot problems when they happen, and put plans in place to make things right |
C1 (highest) to C4 (lowest) |
C1, August 2026 |
|
Governance |
How well our business is run, and whether we can manage our risks and invest in new and existing homes |
G1 (highest) to G4 (lowest) |
G1, March 2026 |
|
Viability |
Our financial profile, assumptions, and plans in place to deal with a range of financial risks |
V1 (highest) to V4 (lowest) |
V2, November 2026 |
To sum up, this judgement shows that we:
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Achieved the highest consumer and governance standard ratings this year
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Meet the regulator’s viability requirements
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Have the financial capacity to deal with a reasonable range of potential problems
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Must manage risks to make sure we continue to meet requirements.
Charley Gibbons, emh Group Chief Executive said:
“We welcome the Regulator of Social Housing’s confirmation of our V2 grading following its recent review. This reflects the Regulator’s confidence in emh as a viable and financially stable organisation. Alongside our strongest possible consumer and governance ratings, this grading supports our commitment to further improve services, invest in homes and manage our business effectively. Our focus remains on improving opportunities for people across the East Midlands.”