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LONDON - Housing associations LiveWest Homes Limited and Bromford Flagship Limited have entered into formal discussions about a potential business combination, according to a press release statement issued Thursday.
Under the proposed structure, Bromford Flagship’s parent company would head the group, with LiveWest joining as a wholly owned subsidiary. The parent company would be renamed Bromford Flagship LiveWest Limited if the combination proceeds.
LiveWest would operate as a key subsidiary alongside Flagship Housing Limited, Bromford Housing Association Limited, and Merlin Housing Society Limited, as well as other existing entities within the group.
The organizations stated that the potential combination aims to strengthen financial standing and capacity, with goals of delivering more affordable homes, increasing investment in existing properties, and expanding services to customers.
Any combined business would require registration approval from the Financial Conduct Authority.
Both entities are currently registered as charitable community benefit societies and registered providers with the Regulator of Social Housing. LiveWest Homes is registered under number 7724 with the regulator (L4873), while Bromford Flagship is registered under number 29996R with the regulator (L4449).
The companies plan to host a joint investor call via Microsoft Teams in October, with specific details to be announced at a later date.
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