Livv Housing Group is an independent housing association, providing affordable, quality homes for around 25,000 people, through nearly 14,000 properties in Knowsley, Merseyside.
To prepare a series of scenarios on the effects of Covid-19 on the base financial plan to aid in the board’s understanding of the possible effects they faced and allow them to make decisions around an updated plan.
Alongside the executive director of finance and performance and the group financial controller, DTP’s Andy Chapman put together a matrix of scenario tests based on the potential effects of the pandemic on the current financial plan. These results were then run through the Housing Brixx model to see the impact on debt and covenants. An output report of the effects was produced by DTP so that the board had full details to aid in their decisions around the future plan updates.
We were able to produce meaningful data about the effects of the pandemic, which aided the executive director of finance and performance in his presentation to the board. This enabled the board to make better informed decisions about the future plan.
Howard Roberts, Executive Director of Finance and Performance