Decision

Vico Homes Limited (L4441): Regulatory Judgement - 14 January 2026

Published 14 January 2026

Applies to England

Our Judgement

	Grade/Judgement	Change	Date of assessment
Consumer		Not assessed yet
Governance	G1 Our judgement is that the landlord meets our governance requirements.	Assessed and unchanged	January 2026
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.	Regrade	January 2026

Reason for publication

We are publishing a regulatory judgement for Vico Homes Limited (Vico Homes) following a stability check and responsive engagement completed in January 2026.

This regulatory judgement confirms a governance grade of G1 and a financial viability regrade to V2.

Summary of the decision

Our judgement is that Vico Homes meets our viability requirements and has the financial capacity to deal with a reasonable range of adverse scenarios. However, it needs to manage material risks to ensure continued compliance. Based on this assessment, we have concluded a viability regrade from V1 to V2 for Vico Homes.

From the stability check, there is no evidence to indicate a change in governance grade is required. Vico Homes’ governance grade remains G1.

This regulatory judgement is based on a stability check which did not include an assessment of Vico Homes’ delivery of the outcomes of our consumer standards.

Prior to this regulatory judgement, the governance and financial viability grades for Vico Homes were last updated in November 2024 following a stability check to issue a governance grade of G1 and a financial viability grade of V1.

How we reached our judgement

We carried out a stability check of Vico Homes as part of our annual stability check programme.

Our judgement about how well Vico Homes is delivering the viability outcomes of our Governance and Financial Viability Standard is based on a review of a range of documents provided by Vico Homes, as well as analysis of information supplied by Vico Homes in its regulatory returns.

In confirming Vico Homes’ governance grade as part of the stability check, our work was limited to verifying that the information contained in Vico Homes’ regulatory returns did not appear inconsistent with its existing published governance grade.

Our stability checks do not assess a landlord’s delivery of the outcomes of our consumer standards.

Summary of findings

Governance – G1 – January 2026

From the stability check, there is no evidence to indicate that a change in governance grade is required.

Viability – V2 – January 2026

Based on evidence gained from the stability check and responsive engagement, we have assurance that Vico Homes meets the viability requirements of the Governance and Financial Viability Standard.

Vico Homes’ financial plans are consistent with, and support, its financial strategy. Vico Homes has an adequately funded financial plan, sufficient security in place to support its plans, and is forecast to continue to meet its financial covenants.

Vico Homes is increasing its development and will need to service an increased level of long-term debt in a challenging operating environment. Combined with increasing investment in its existing properties, this has weakened its financial performance, and impacts Vico Homes’ capacity to respond to adverse events.

Background to the judgement

About the landlord

According to the 2025 statistical data return, Vico Homes owns 32,299 homes in Yorkshire and Humberside.

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.

Further information

• Regulating the standards

• Regulatory standards for landlords