This month, the Regulator of Social Housing has, once again, provided Torus Group with a commendable Governance and Viability rating of G1/V1 following its annual stability check. This reflects Torus's unwavering commitment to sound governance and financial strength.

The stability check, a routine examination conducted annually on housing providers with 1,000 or more properties, serves as a financial health assessment.

Torus underwent a thorough evaluation of its business plan and annual accounts, securing its position as a financially robust entity capable of navigating unforeseen challenges.

Commenting on the outcome, Steve Coffey, Torus Group Chief Executive, said:

"We take pride in maintaining our G1/V1 status and being recognised again by the Regulator as a well-governed and financially sound organisation, particularly in the face of ongoing challenges.

“The Stability Check serves as a comprehensive evaluation, ensuring not only regulatory compliance but also assessing Torus's unwavering commitment to the Value for Money Standard. Our steadfast dedication to upholding elevated standards and financial viability establishes a robust foundation, empowering us to actively pursue our mission of Growing Stronger Communities.

"This reaffirmation of Torus's high ratings is a testament to the ongoing work of all colleagues, our Landlord Operations Committee, and our Board."

The results have been published on the Regulator of Social Housing website.

Find out more at: www.gov.uk/government/publications/regulatory-judgement-torus62-limited