Together Housing delays audited accounts publication

London – Together Housing Finance plc has announced that it will fall short of the September 27 deadline for releasing its audited financial statements for the fiscal year concluding March 31, 2026. The corporation, which raised £350 million in 4.50% secured bonds maturing in 2042, explained that auditors need extra time to resolve a complicated legal matter associated with a settlement between Together Housing Association Limited and Pendleton Together Operating Limited, a subsidiary of the parent company's holding company.

This delay impacts both Together Housing Finance's financial statements and the consolidated audited accounts of Together Housing Group Limited, the group's parent entity. In accordance with the bond trust deed and bond loan agreement, Together Housing Finance must deliver audited accounts within 180 days of the fiscal year-end.

The company secured approval from M&G Trustee Company Limited, the bond trustee, to push back the deadline to October 26, 2026, as per a press release. Both the issuer and Together Housing Association are confident that the financial statements will not face audit qualifications. They also assured that the draft statements lack any non-public, price-sensitive data about the issuer or the parent group.

Together Housing Finance aims to publish the issuer's financial statements by September 30, 2026. The bonds were initially issued under a bond loan agreement signed on December 13, 2012, with proceeds subsequently lent to Together Housing Association Limited. This report is AI-generated and vetted by an editor. For additional information, refer to the Terms and Conditions.