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PenArian Housing Finance PLC (ClwydAlyn) completed the sale of Merton Place nursing home to Minster Care in Q3 and finalised a flexible loan arrangement with Principality, while also increasing its committed credit line and extending it for an additional five years. The company forecasts a full year operating surplus of £14 million (20.9% operating margin) and a net surplus of £4.8 million (7.1% net margin), and retained its 'A Stable' and A3 'stable' credit ratings from Standard & Poor's and Moody's respectively, receiving a 'green' Welsh Government Regulatory Judgement in December 2025.
| Date | 11 Mar 2026 |
| Time | 11:07:00 |
| Category | Miscellaneous |
| ID | 2434W |
PenArian Housing Finance PLC
ClwydAlyn continued to perform well throughout 2025/26 and the quarter 3 Management Accounts show strong and consistent performance against budget. Of particular note is the improvement in the management of empty properties reducing the rent losses as a result and the increase in volume of shared ownership staircasing and sales reflecting a positive market. With an ambitious development programme and a changing grant receipt profile from Welsh Government, additional drawdown of funds has been made and interest paid has therefore increased.
The sale of our only nursing home also completed in Q3. Merton Place was sold to Minster Care, an organisation with expertise in this sector and in whom the Board found assurance that our residents and colleagues would continue to be well cared for. This transaction reduces complexity and risk from the organisation and improves operating margin due to the tight business model in the nursing sector. ClwydAlyn continues to support older adults through our Extra Care schemes and Care Home portfolio. The disposal results in lower turnover for ClwydAlyn, but stronger operating margins. The impact of this in 2025/26 is reduced due to the timing of the completion towards the end of the year, however it does support the margins in future years.
The result is a strong full year forecast with an operating surplus of £14 million and an operating margin of 20.9% and a net surplus of £4.8million and margin of 7.1%.
We completed a further flexible loan arrangement with Principality, a Welsh lender in Q3 which provided funds to support our planned development programme. Following the annual review of our Treasury Strategy we are increasing the Group's committed credit line to enhance liquidity and extending the facility for an additional five years.
We were pleased to retain our 'A Stable' credit rating with Standard and Poor's and Moody's rating of A3 'stable'.
We are pleased to announce that ClwydAlyn received its Welsh Government Regulatory Judgement in December 2025 confirming our green status for both Governance and Service Delivery and Financial Viability. Full details of the Judgement can be found on our investors page. Investors2 - Clwydalyn
Should you have any queries regarding this update you can contact:
Company Secretary [email protected]
Executive Director of Resources [email protected]