who are iceni homes?
DESCRIPTION
Presentation by Paul Bonnett Managing Director Iceni Homes Limited For In Small Supply - National Event for Smaller Housing Providers 22 nd May 2014. Who Are Iceni Homes?. Joint Venture Company Limited by shares Iceni’s Share Holders: Colne Housing Hundred Houses Society - PowerPoint PPT PresentationTRANSCRIPT
Presentation by
Paul BonnettPaul BonnettManaging Director
Iceni Homes LimitedIceni Homes Limited
For
In Small Supply - National Event for Smaller In Small Supply - National Event for Smaller Housing ProvidersHousing Providers
2222ndnd May 2014 May 2014
Who Are Iceni Homes?
Joint Venture Company Limited by shares Iceni’s Share Holders: Colne Housing
Hundred Houses Society
Suffolk Housing Society All partners have equal shares Non charitable Governance
Where Are Iceni Based/Operational Areas
Based in Bury St Edmunds with presence in Cambridge and Colchester
Operates across Norfolk, Suffolk, North Essex and Cambridgeshire
Iceni’s Programme/Turnover
Approx. 250 dwellings per annum 33 Schemes on site (2014) Turnover £23.5 million (2014)
Key Legal Agreements
Joint Venture Agreement
Framework Development Agreement
Services Agreement
What Individual Partners Do
Set their own development strategy
Receive HC and other grants
Purchase Land
Own and manage assets
What Iceni Does
Iceni manages and clients Development Programmes Iceni meets the objectives, priorities and targets as set out in
their Development Strategies Agree with HAs which schemes/sites to pursue/acquire Appraises, Procures, Manages Bids on partners’ behalf for grant HCA Audits on behalf of RPs Technical Design Brief/Development Operational Guidelines
(D.O.G.)
Iceni’s Fee Structure
Based on scheme size and typeFees are inclusive of expensesThey cover abortive work when schemes do not proceedThey cover the costs of Iceni undertaking other activities on behalf of the HA members e.g. attending Local Authority HA Forums etc.Payment ArrangementsIceni basically acts as the HA’s Development Team
Benefits – Expertise & Efficiency
Experience Specialist Staff Reduced Duplication Economies of Scale Resource allocation Partner relationships
Benefits – Financial
Tax savings e.g. VAT savings on consultant’s fees
All profits returned to partner associations as Gift Aid
Access to grant through partnership Mutual Status
Benefits – MarketBenefits – Market
• Relationships and local knowledgeRelationships and local knowledge• Access to the fruits of the table not the crumbsAccess to the fruits of the table not the crumbs• Stakeholder relationshipsStakeholder relationships• New partnersNew partners• Future - Market sale, market rentFuture - Market sale, market rent
The story so far…
2000 homes completed Mix of general needs, supported and specialist
housing, rural, s106, shared ownership, shared equity and temporary housing (Empty Homes Initiative)
HCA programme – grant accessed and programme delivered
The story so far….
Gift Aid - £1 million returned to sponsoring associations since 2005Estimate for 2014 £250k
VAT total savings of circa £100K for sponsoring associations each year
Mutual Status – Now agreed by HMRC Delivery of 2008-11 and 2011-15 HCA Programmes
The Future for Iceni
Bids to HCA for AHP 2015 – 2018 Market Sale/Market Rent for our HA partners
- New LLP New Iceni Members? Very positive future for Iceni
- Strong pipeline of schemes - HA partners funding - Approx. £250k per annum average profit for the next 5 years
