Three major landlords delay publication of full-year accounts

In its statement, A2Dominion said it had been informed by BDO that the firm would be unable to finalise its financial statements as a result of “a senior member of the team at BDO being signed off on long-term sick leave”.

NHG said that the delay in filing its accounts was also due to BDO’s staffing issues. It said that because of circumstances outside its control, it had been given consent to postpone its filing to 30 November 2022.

In a statement to Inside Housing, it added: “No material issues have been raised regarding the content of the accounts, and the delay poses no risk in terms of services to our residents. The underlying performance of the business continues to remain robust.”

Swan secured an extension for submitting its financial statements after stating that it would be unable to publish its accounts by the deadline of 27 September. It did not give a reason for why it could not submit its accounts by this date.

“The Issuer and Swan have obtained consent from the bond trustee under the Bonds for an extension of the requirement to publish the 2022 Financial Statements by no later than 4 October 2022,” the housing association said in its update.

A2Dominion said that it had alerted the regulator about the delay. 

Swan has been contacted for comment.

When contacted by BDO, a spokesperson said that the company could not comment on individual audits.

UPDATE: at 14.35pm, 07/10/22

This article has been amended. The original piece indicated that A2Dominion had filed its accounts for the markets late. This was incorrect and it had only missed the regulator’s deadline. This has now been made clear.