Source · Scottish Housing Regulator

Hillcrest Homes (Scotland) Limited

Registered social landlord Compliant

Current engagement plan: 1 April 2026 to 31 March 2027, published 2 April 2026.

Engagement plan

Verbatim required actions
What Hillcrest Homes (Scotland) Limited must do
- Hillcrest must: - send us copies of its Board and audit committee minutes as they become available; - send us by 30 April 2026: - its approved business plan and updated risk register; - 30 year financial projections comprising a statement of comprehensive income, a statement of financial position and a statement of cash flows complete with assumptions and explanatory narrative; - a comparison of projected financial loan covenants against current covenant requirements; - financial sensitivity analysis which considers the key risks, the mitigation strategies for these risks and a comparison of the resultant covenant calculations with the actual covenant requirements; - report to the Board in respect of the approved 30 year projections, sensitivity analysis and covenant compliance; and - evidence of how it demonstrates affordability for its tenants. - send us an update on its development programme by 31 October 2026. This will include its latest report to the governing body/appropriate committee about development and details of the scale and tenure mix, timescales for delivery and any material delays or changes to the programme; - tell us if there are any material adverse changes to its development plans which might affect its financial position or reputation, in line with our notifiable events guidance; and - send us quarterly updates on progress with its plan to address its tenant and resident safety issues.

Headline SHR metrics

Charter indicators (2024/2025)
ARC 10: reactive repairs completed right first time (%)78.6300
ARC 11: gas safety checks not carried out on time (count)3.0000
ARC 12: satisfaction with repairs service (%)86.8800
ARC 13: satisfaction with neighbourhood management (%)73.1600
ARC 14: tenancy offers refused (%)31.6700
ARC 15: ASB cases resolved (%)90.4800
ARC 16: new tenancies sustained more than a year (%)93.2900
ARC 17: lettable stock that became vacant in year (%)7.7900
ARC 18: rent lost to empty properties (%)0.6300
ARC 19: households waiting for adaptations (count)70.0000
ARC 1: tenants satisfied with overall service (%)88.8700
ARC 21: average time to complete adaptations (days)92.6500
ARC 22: court actions resulting in eviction (%)17.0200
ARC 23: homelessness referral offers resulting in a let (%)84.9500
ARC 25: rent seen as value for money (%)71.3700
ARC 26: rent collected as % of rent due99.7500
ARC 27: gross rent arrears as % of rent due4.4300
ARC 28: average factoring management fee (£)158.6500
ARC 29: factored owner satisfaction (%)42.0600
ARC 2: landlord good at keeping tenants informed (%)86.8800
ARC 30: average days to re-let empty properties31.9400
ARC 3&4: average Stage 1 response time (days)3.0000
ARC 3&4: average Stage 2 response time (days)14.1400
ARC 3&4: Stage 1 complaints responded to in full (%)100.0000
ARC 3&4: Stage 2 complaints responded to in full (%)93.3300
ARC 5: satisfaction with opportunities to participate (%)72.1700
ARC 6: properties meeting SHQS (%)96.9700
ARC 7: satisfaction with home quality (%)85.8800
ARC 8: average hours to complete emergency repairs2.7100
ARC 9: average days to complete non-emergency repairs8.1500
ASB cases reported (count)105.0000
ASB cases resolved (count)95.0000
Gross rent arrears at year end (£)1834661.0000
Properties re-let in year (count)516.0000
Rent due in year (£)41404325.0000
Stage 1 complaints received and carried forward (count)862.0000
Stage 2 complaints received and carried forward (count)15.0000
Annual Financial Statements (2024/2025)
AFS: current ratio0.8000
AFS: EBITDA / revenue (%)36.4000
AFS: gearing (%)331.3000
AFS: gross arrears (%)4.1000
AFS: housing properties net book value (£'000s)745784.8000
AFS: interest cover (%)150.8000
AFS: net arrears (%)3.4000
AFS: net debt per unit (£)29471.0000
AFS: operating surplus/(deficit) (£'000s)12897.9000
AFS: staff costs as % of turnover18.2000
AFS subsidiary — Cair Scotland: operating surplus/(deficit) (£'000s)48.7000
AFS subsidiary — Cair Scotland: turnover (£'000s)0.6000
AFS subsidiary — Explorer Heat Ltd: operating surplus/(deficit) (£'000s)0.0000
AFS subsidiary — Explorer Heat Ltd: turnover (£'000s)0.0000
AFS subsidiary — Hillcrest Enterprises: operating surplus/(deficit) (£'000s)497.9000
AFS subsidiary — Hillcrest Enterprises: turnover (£'000s)9846.8000
AFS subsidiary — Hillcrest Foundation: operating surplus/(deficit) (£'000s)234.7000
AFS subsidiary — Hillcrest Foundation: turnover (£'000s)225.3000
AFS subsidiary — Hillcrest Futures: operating surplus/(deficit) (£'000s)544.1000
AFS subsidiary — Hillcrest Futures: turnover (£'000s)19095.7000
AFS subsidiary — Hillcrest Maintenance: operating surplus/(deficit) (£'000s)31.9000
AFS subsidiary — Hillcrest Maintenance: turnover (£'000s)17302.8000
AFS subsidiary — Home Of Rest For The Aged And Infirm: operating surplus/(deficit) (£'000s)14.7000
AFS subsidiary — Home Of Rest For The Aged And Infirm: turnover (£'000s)140.2000
AFS subsidiary — Leith Links NHT 2011 LLP: operating surplus/(deficit) (£'000s)0.0000
AFS subsidiary — Leith Links NHT 2011 LLP: turnover (£'000s)0.0000
AFS subsidiary — Upper Dens Landscaping Ltd: operating surplus/(deficit) (£'000s)0.0000
AFS subsidiary — Upper Dens Landscaping Ltd: turnover (£'000s)19.5000
AFS: surplus/(deficit) for the year (£'000s)2019.4000
AFS: total non-current assets (£'000s)759298.5000
AFS: total reserves (£'000s)82867.6000
AFS: total units owned/managed (count)9316.0000
AFS: turnover (£'000s)57951.5000
AFS: turnover per unit (£)6221.0000
AFS: voids (%)2.1000
Stock data (2024/25)
Stock: average weekly rent (£)103.8800
Stock: non-housing units owned (count)409.0000
Stock: properties classified low demand (count)519.0000
Stock: properties classified unlettable (count)31.0000
Stock: properties used for temporary accommodation (count)164.0000
Stock: total self-contained units owned (count)7615.0000
Stock: units partly owned (count)246.0000

Source: Scottish Housing Regulator statistical returns. Figures are as published, not independently verified.

Landlord details

Name
Hillcrest Homes (Scotland) Limited
Type
Registered social landlord
SHR registration number
125

About this register

The Scottish Housing Regulator publishes an annual engagement plan for every registered social landlord and council landlord, and — rarely — a statutory intervention report where it has used its powers under the Housing (Scotland) Act 2010. Required actions and intervention narratives are copied verbatim from SHR's published documents.

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