Proposed merger with Notting Hill Housing – what’s next?
Published - 5 December 2017
It has now been agreed that we should undertake a formal ‘amalgamation’ to bring our two organisations together. Amalgamation means neither organisation has to become a subsidiary of the other. Both will come together to create an entirely new organisation. The decision taken by both Boards absolutely encapsulates our intention that this is a merger of equals.
While we are confident that amalgamation is the right decision for us, and while it is technically possible to complete everything in line with our original timescale of January 1st 2018, both Boards agreed that it would be prudent to allow a little more time. We want to get everything right: listening to our customers and shareholders, and hearing your views about how we structure and run our new organisation. With this in mind, our aim is to formally launch the new organisation in early 2018.
You should have received a letter or email from us in October to inform you of this decision and invite you to take part in our formal consultation process. Hopefully you have now given us your feedback either at one of our merger consultation events or by contacting us directly. At this point in time all feedback from customers and other stakeholders is being considered by both Boards and discussed with shareholders.
This merger is an important and exciting move in and for the housing association sector. We want to drive up customer service and offer even more options for people to live in homes that suit their lives. Our founders established both organisations in the 1960s with the objective of housing low-income people in decent and affordable homes. That remains true and will be central to everything Notting Hill Genesis does.
More information and the latest news about the merger