Derwen Launched, Hereford Reached & Year End Financials
Older people’s housing company Derwen launched
‘Derwen’ a unique new housing company, dedicated to providing homes and services for older people across Wales was launched at Newport’s Riverfront Centre by Dame Rosemary Butler AM and Alison Phillips, Wales’ Deputy Older Persons’ Commissioner.
Derwen becomes Wales’ only specialist older people’s housing company. Derwen has been formed by the merging into Seren Group of Newport Housing Trust; the organisation responsible for redeveloping the iconic prefabricated bungalow estates across Newport, and the transfer-in of Charter Housing Association’s dedicated older people’s housing, residents and staff. Another important addition to Derwen is the Newport Care & Repair Agency.
Dame Rosemary Butler AM said at the launch, held at the Newport Riverfront,
‘I’m delighted to attend the launch of Derwen and support a scheme that is dedicated to providing and responding to the specific needs of older people living independently in their own homes. Housing plays an integral part in the daily lives of older people across my constituency and further afield, and I look forward to following Derwen’s progress as it continues to provide facilities that will enhance both quality of life and independence.”
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Group helps Council secure Vibrant and Viable Places funding
Newport was among 11 local authorities that were successful in bidding for the Welsh Government’s Vibrant and Viable Places programme. This high profile regeneration scheme will see £100 million of grant funding spent throughout Wales over a 3 year period.
Newport City Council was one of only 3 local authorities to get 100% of what they bid for and were granted £15 million. Newport’s bid comprises a number of schemes spread across the city centre and aims to create 600 jobs and a significant number of new and refurbished homes.
The Seren Group were the only RSL to work with Newport on their bid and officers are now working closely with the Council’s project team to deliver the first of these homes.
Reach wins contract at Norfolk House, Herefordshire
Following an interview for this small Extra-care/very sheltered service, reach were successful in being awarded the contract. Reach will assume responsibility for this service on the 1st April, 2014 and as such, are working through our transition/mobilisation plan at present.
Picture: Residents at Norfolk house celebrate the 100th birthday of fellow resident Alice
End of Year Financials Point to Bright Future
The Seren Group’s end of year financial report reflects the success with which the Group and its’ companies have negotiated a challenging operating environment in recent years.
Group Turnover has risen from £44.1m to £45.79m and whilst the Group recorded a drop in Total Operating Surplus from £2.4m to £1.7m the write-down of our Devon Place office means an increase in Surplus to £2.8m more accurately reflects our position. Thanks to this surplus, the Group has been able to invest some £18m in the business, leaving us well placed to continue growth and development in the years ahead.
Finally, and reflecting the investments made from surplus, the Group’s fixed and net current assets rose is value from £346m to £346.64m.
Serenliving offer landlords a service cut to size
Serenliving continue to attract new landlords with a property management service that stands out from the crowd. Drawing on the wide range of expertise within Seren Group, the team at Serenliving are able to offer landlords access to specialist services like surveying and support to work with problem tenants.
— serenliving (@serenliving) March 28, 2014