For-profit Heylo bolsters board with two new directors

She also worked for just over a year as chief financial officer at London-based One Housing between 2019 and 2020. Ms Akojie is also a board member at Kent-based Golding Homes. 

Mr Green is a managing partner at Liverpool Street Capital Advisors, a corporate finance advisory firm. Earlier in his career he spent 12 years at accountancy giant PwC. He also currently sits on the board of London-based affordable housing charity Dolphin Living. 

A Heylo spokesperson said: “The experience and expertise Ebele and Jason bring consolidates an already strong and talented leadership team whose mission is not only to open the door to homeownership for more first-time buyers, but to also deliver customers exceptional service and care at all times.” 

Heylo’s for-profit registered provider is currently non-compliant with the Regulator of Social Housing’s (RSH) standards.

The firm was handed a G3/V3 rating in 2022 after the regulator’s first assessment of the organisation found “significant weaknesses” in its governance. 

Heylo’s business model posed a “significant risk” to the for-profit’s ability to protect its social housing assets and “ensure its long-term viability”, according to the RSH.

In its last reported full year to the end of September 2023, Heylo Housing RP reported a rise in turnover to £27.5m, compared to £22.2m the year before. 

The for-profit increased the number of shared ownership homes it has a leasehold interest in to 7,404, which was a 13 per cent year-on-year rise. 

In 2021, a senior Heylo executive told Social Housing that the provider hoped to have close to 20,000 homes by the end of 2026.