Amplius Living (5060) - Interim Regulatory Judgement: 26 November 2025
Published 26 November 2025
Applies to England
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Our Judgement
| Grade / Judgement | Change | Date of assessment | |
|---|---|---|---|
| Consumer | Not assessed yet | ||
| Governance | G1 Our judgement is that the landlord meets our governance requirements. |
Interim grading | November 2025 |
| Viability | V2 Our judgement is that the landlord meets our viability requirements. It has the financial capacity to deal with a reasonable range of adverse scenarios but needs to manage material risks to ensure continued compliance. |
Interim grading | November 2025 |
Reason for publication
Amplius Living was created by a transfer of engagements of Longhurst Group Limited (Longhurst) into Grand Union Housing Group Limited (Grand Union) on 16 December 2024. On the same date, Grand Union changed its name to Amplius Living (Amplius).
We are publishing an interim regulatory judgement for Amplius following these changes.
This interim regulatory judgement confirms a governance grade of G1 and a financial viability grade of V2.
Prior to this interim regulatory judgement, the governance and financial viability grades for Grand Union were last updated in November 2024 following a stability check and responsive engagement, which confirmed a G1 grade for governance and V2 grade for financial viability. The grades for Longhurst were last updated in November 2024 following a stability check, which confirmed a G1 grade for governance and a V2 grade for financial viability.
Summary of our decision
Our judgement is that Amplius meets our governance requirements. From the previous G1 grades issued to Grand Union and Longhurst, we have concluded an interim governance grade of G1 for Amplius.
Our judgement is that Amplius meets our financial viability requirements and has the financial capacity to deal with a reasonable range of adverse scenarios. From considering the previous grades, and based on the relevant information and evidence we reviewed in carrying out a stability check, we have concluded an interim financial viability grade of V2 for Amplius Living.
How we reached our judgement
Following the changes to Amplius as described above, we carried out an assessment to consider its interim grades based on the previous grades for Grand Union and Longhurst. In addition, to help us form a judgement about how well the combined entity meets the financial viability requirements of the Governance and Financial Viability Standard, we have reviewed a range of documents provided by Amplius, and analysed information supplied in its regulatory returns.
We will award standard grades for consumer, governance and viability following a programmed inspection, or when we have carried out an assessment following responsive engagement. We may also change an interim V1 or V2 financial viability grade into a standard grade when a stability check has not identified the landlord as being potentially at a higher risk of failing to deliver the outcomes of the Governance and Financial Viability Standard.
Summary of findings
Governance – Interim Grade – G1 - November 2025
Based on the previous G1 grades for both Grand Union and Longhurst, we have concluded an interim governance grade of G1 for Amplius.
Viability – Interim Grade – V2 - November 2025
The previous financial viability grade issued to Grand Union was V2 following a stability check and responsive engagement. Our judgement at the time was that Grand Union met our viability requirements and had an adequately funded business plan, sufficient security and was forecast to continue to meet its financial covenants. The judgement reflected that Grand Union was investing in improving the quality and energy efficiency of its existing homes and continuing to develop new homes.
The previous financial viability grade issued to Longhurst was V2, following a stability check. Our judgement at the time was that Longhurst met our viability requirements and had the financial capacity to deal with a reasonable range of adverse scenarios but needed to manage material risks to ensure continued compliance. The judgement reflected Longhurst’s increased development costs and additional investment in its existing homes.
Based on the evidence gained through our stability check, we have assurance that Amplius meets our viability requirements and has the financial capacity to deal with a reasonable range of adverse scenarios. Amplius has evidenced that it has an adequately funded business plan, sufficient security in place to support its financial plans, and forecasts that it will continue to meet its financial covenants under a reasonable range of adverse scenarios.
On this basis we have concluded an interim financial viability grade of V2 for Amplius.
Background to the judgement
About the landlord
Amplius provides housing and related services. It does not have any RSH registered subsidiaries. The group contains six unregistered subsidiaries:
- GUHG Development Company Limited and Keystone Developments (LG) Limited provide design and build services to the group;
- There are three funding vehicles, Libra Treasury plc, Libra Treasury No.2 plc and Grand Union Group Funding plc; and
- Grand Union Homes Limited that has now ceased trading.
Amplius reported a turnover of £297m for the year ended 31 March 2025 and employed the full-time equivalent of 1,191 staff. Amplius owns and manages around 36,471 homes and operates across the Midlands, the East and South East of England.
Our role and regulatory approach
We regulate for a viable, efficient, and well governed social housing sector able to deliver quality homes and services for current and future tenants.
We regulate at the landlord level to drive improvement in how landlords operate. By landlord we mean a registered provider of social housing. These can either be local authorities, or private registered providers (other organisations registered with us such as non-profit housing associations, co-operatives, or profit-making organisations).
We set standards which state outcomes that landlords must deliver. The outcomes of our standards include both the required outcomes and specific expectations we set. Where we find there are significant failures in landlords which we consider to be material to the landlord’s delivery of those outcomes, we hold them to account. Ultimately this provides protection for tenants’ homes and services and achieves better outcomes for current and future tenants. It also contributes to a sustainable sector which can attract strong investment.
We have a different role for regulating local authorities than for other landlords. This is because we have a narrower role for local authorities and the Governance and Financial Viability Standard, and Value for Money Standard do not apply. Further detail on which standards apply to different landlords can be found on our standards page.
We assess the performance of landlords through inspections and by reviewing data that landlords are required to submit to us. In Depth Assessments (IDAs) were one of our previous assessment processes, which are now replaced by our inspections programme from 1 April 2024. We also respond where there is an issue or a potential issue that may be material to a landlord’s delivery of the outcomes of our standards. We publish regulatory judgements that describe our view of landlords’ performance with our standards. We also publish grades for landlords with more than 1,000 social housing homes.
The Housing Ombudsman deals with individual complaints. When individual complaints are referred to us, we investigate if we consider that the issue may be material to a landlord’s delivery of the outcomes of our standards.
For more information about our approach to regulation, please see Regulating the Standards.