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Syed Maqsood and Kevin Wan North West Housing Association


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Syed Maqsood and Kevin Wan North West Housing Association
Case Study Principle 6
Co-opeartive Ways Forward Conference
January 2014

Published in: Education, Business, Real Estate
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Syed Maqsood and Kevin Wan North West Housing Association

  1. 1. Case study – Principle 6 Secondary Co-operatives North West Housing Services Ltd Syed Maqsood , Chief Executive Kevin Wan, Director of Finance
  2. 2. Introduction ∗ Brief History of NWHS ∗ Our Mission and Values ∗ Our Members ∗ Our staff ∗ Recent Achievements ∗ Future role of Secondary co-ops
  3. 3. Brief History of NWHS ∗ ∗ ∗ ∗ ∗ ∗ ∗ ∗ ∗ Social Housing in the UK – Housing co-ops Formed in 2006 by a consortium of 35 independent members Customer-owned and controlled secondary co-operative society Currently 46 full members / 30 non-members £1.8 million turnover NWHS , Members cumulative turnover £12m 33 highly qualified staff Manage £250 million of member assets Work exclusively in the Third Sector providing a range of services Members of SEN, Co-operatives UK, National Housing Fed, CCH
  4. 4. Mission and values “We aim to be the chosen service provider for housing cooperatives, small housing associations, leaseholders and other community-based organisations in the North West of England” By operating within the 7 co-operative principles to enable and support our members to achieve financial sustainability and meet their social objectives.”
  5. 5. Our Members ∗Housing Co-operatives ∗Small community Housing Associations ∗Tenant Management Organisations ∗Leasehold Management Companies – not for profit Non Housing : Diversification ∗Worker co-ops ∗Consortia Co-ops ∗Community benefit societies ∗Charities ∗Community Interest Companies
  6. 6. Members Benefits ∗ ∗ ∗ ∗ ∗ ∗ ∗ ∗ ∗ Services provided on a not for Profit basis Cost sharing and Mutual trading tax status Share in the Surplus Increased Bargaining Power / economies of scale Board Membership Community focus Access to a large network of like minded organisations Members training seminars and social events Access to right expertise and better technology
  7. 7. Our Staff ∗ ∗ ∗ ∗ ∗ ∗ ∗ ∗ 33 Highly Qualified and Professional staff Highly Experienced in the third sector Senior team members sit on other Third sector Boards Low staff turnover and excellent attendance Attractive terms and conditions Remuneration approved by the Board Ratio of Highest paid to lowest is 5 to 1 – FTSE 100 262 to 1 Invest in staff – Continued Professional development
  8. 8. Recent Achievements
  9. 9. Social Enterprise NW Awards 2013: NWHS highly commended in the Co-operative of the Year category
  10. 10. Social Enterprise NW Awards 2013: NWHS highly commended in the Co-operative of the Year category
  11. 11. Cherryfield Co-operative relocation: 19 new homes in Kirkby to be developed in partnership with Knowsley Council and Tesco
  12. 12. Langrove Community Housing Cooperative: five new homes to be developed in partnership with Riverside Housing Association
  13. 13. Helped set up Arts Hub Creative Community Co-operative, The only creative community co-operative in Merseyside
  14. 14. e
  15. 15. Other Achievements of Note ∗ First organisation in the UK to obtain HMRC approval to use the VAT Cost Sharing Exemption ∗ First organisation in the UK to be accredited by the National trade body CCH for quality of services offered to Housing Co-operatives ∗ Nearly £20k of Surpluses given to the community via our community small grant fund ∗ First Members rebate given in 2013 : £60k rebated back to our members ∗ £250k Members loan fund set up and lending
  16. 16. Future Role of secondary co-ops ∗ Shared service co-operatives – enable smaller coops to compete ∗ Business credit union ∗ Expand the range of services and benefits offered to members ∗ Support members to grow ∗ Support and enable creation of new co-operatives ∗ Question to the floor – further ideas for the use of Federated models in the sector – what are the barriers ?