FTHN: From the Hornets Nest

[email protected]
send the Dame your information, discretion assured.

Comments are welcome but do not necessarily reflect the view of the Dame.
Offensive/inappropriate comments will be deleted and the poster banned.

THE FRANCO FIASCO

October 1, 2026

Time for tenants to have board representation. This sort of mess must never happen again; tenants should have a hand in selecting a new CEO.

Regulatory Downgrade: In November 2024, the Regulator of Social Housing found Notting Hill Genesis non-compliant for governance (earning a ‘G3’ grade) and consumer standards.
Financial Losses: The organization announced a pre-tax deficit of £285.7m for 2025/26, driven by asset valuation adjustments, impairments, and building safety remediation provisions.
Account Delays: Just before Franco’s departure, Notting Hill Genesis delayed the publication of its annual accounts for the second time in three years due to internal finance function delays.
Credit Downgrade: S&P Global downgraded the housing association’s credit rating amid these compounding financial and operational pressures.
Tenant Discontent: The landlord faced severe, chronic repair delays, widespread errors in service charges, and intense pressure from resident groups and local members of parliament.

Post Views: 146

Anonymous
October 8, 2026
The Dame showed up Franco a while ago. Councillor Sof McVeigh agreed to do what she could to support beleaguered tenants in Philbeach Gardens.
The Dame and her Hornets have performed another public service in highlighting Franco’s incompetence at Notting Hill Genesis.
Reply