Orbit Group is committed to its communities with 50 years’ experience in the housing sector. As one of the largest housing providers in the country, we manage over 40,000 homes across the midlands, east and south east. Our annual turnover is in excess of £300m and we are one of the largest developers in our sector with a programme of homes for social rent, affordable rent, shared ownership and market sale.
We employ more than 1,200 people to deliver our mission of Building Communities and we achieve this by working together to improve the social, economic and environmental prospects of people and communities. This mission forms the basis of our 2020 Vision guided by our passions, principles and resources.
- Appointment of Group Finance Director
18 December 2017
Orbit is pleased to confirm the appointment of Joy Baggaley as Group Finance Director.
Announcing Joy’s appointment, Orbit CEO Mark Hoyland, said: "I am delighted that Joy is joining Orbit. Joy's leadership, treasury experience and pedigree in the sector will be instrumental in helping us achieve our growth ambitions."
Upon being appointed, Joy said: “I am thrilled to be joining Orbit, an organisation with an impressive commercial record, clear social purpose and tremendous potential. It is an exciting time for the sector and Orbit’s financial strength will be key to fulfilling our future ambition.”
Joy joined Orbit in an interim role in August 2017, having most recently held the position of Chief Financial Officer at The Riverside Group.
- Moody's Report
[Update 16 January 2018]
- Grenfell Tower update
We can confirm all of our blocks meet current fire safety standards and regulations and all have valid, up-to-date Fire Risk Assessments (FRAs) in place. Please note all FRAs are completed by independent experts and not by internal teams at Orbit.
We have completed visits to all of our blocks, reassuring customers about fire safety.
All of our blocks are compliant with the DCLG requirements; we have been working closely with the DCLG, sharing information as required. Once the ‘Grenfell Tower Inquiry’ has taken place we will review the findings and take action where appropriate.
- Financial Results
Please see our latest financial statements below for information on our financial performance across the Group. You can also explore archived statements for previous financial years here.
- Group Financial Statements 2016 - 17
- Heart of England Housing Association Ltd 2016 - 17
- Orbit Treasury Limited 2016 - 17
- Orbit South Housing Association Limited 2016 - 17
- Orbit Homes 2020 Ltd 2016 - 17
- Orbit Capital Plc 2016 - 17
At Orbit we take Value for Money very seriously. You can find our Value for Money Self Assessments and our Value for Money framework here, explaining how we drive efficiency across Orbit: View Value For Money area
- Orbit Information
Treasury Day November 2016, for more information click on the PDF documents below:
- Orbits Performance 2015/16
- Funding Update and Plans
- Innovation at Orbit
- Orbit's Development Plans and Slide Show
Explore the people that make up our the Group Board and Executive Team at Orbit:
Take a look at the view provided by our regulators in their viability review:
This report is an assessment of the financial viability of the Orbit Group, and of our compliance with the viability element of the Governance and Viability Standard.
This report is based on an assessment of our latest Business Plan and supporting Financial Forecast Return approved by the board in September 2013, responses to quarterly surveys (latest one December 2013), annual accounts and audit management letter for the period 31/03/2013 and other enquiries made by the regulator in coming to their assessment.
Further information surrounding our governance and regulation:
Governance rating – G1. The provider meets the requirements on governance set out in the Governance and Financial Viability standard.
Viability Rating – V1. The provider meets the requirements on viability set out in the Governance and Financial Viability standard and has the capacity to mitigate its exposures effectively (issued March 2014)
- Future Plans
Information around our business plan and all latest reports can be found here.
- Investor Contacts
As a valued investor, your primary contacts can be found below:
Jonathan Wallbank - Treasury Director
Email - email@example.com