Sanctuary completes transfer of engagements of small supported living provider

Sanctuary said colleagues from JJH have transferred to Sanctuary, with many taking on wider responsibilities, providing access to new opportunities, networks, rewards and benefits.

JJH customers have shared their feedback during the process through a series of consultations and in-person events.

Craig Moule, group chief executive of Sanctuary, said: “As a larger organisation with considerable financial strength, we have a proud history of growing our services through acquisitions, allowing more investment in homes and services, benefitting the people who matter most – our customers.

“Combining the best of both organisations makes us more efficient and more resilient, and we look forward to a brighter future together.”

Earlier this month, Sanctuary retained its G1 grading for governance in its first assessment since completing two mergers, including JJH in February last year and taking on Swan in February 2023.

The housing association, which manages around 125,000 homes across England and Scotland, also received a C2 in its first consumer regulation grading, and maintained its V2 for financial viability. Its overall grades are G1/V2/C2.

The acquisition of JJH played a role in the annual increase in Sanctuary’s pre-tax surplus in 2023-24.

According to the provider’s financial results for the year, pre-tax surplus rose by 153.1 per cent from a restated figure of £81.8m in 2022-23, to £207m in 2023-24. Sanctuary said this reflects a £162.7m net gain on acquisitions relating to JJH.