TIDM90IY

RNS Number : 7054J

Boston Mayflower Finance PLC

03 April 2018

We are pleased to confirm that today the FCA has issued the necessary registration of Lincolnshire Housing Partnership Ltd (LHP) being an amalgamation of the former two housing associations Boston Mayflower Ltd and Shoreline Housing Partnership Ltd.

The new company will inherit all the former assets and liabilities of the two associations creating a business with a combined annual turnover of GBP52m, property of GBP266m and net assets of GBP102m. The combined business will employ 350 staff mainly in Boston and Grimsby.

The new business is planning to deliver annual operating efficiency savings of GBP1.8m per annum within the first 3 years.

This information is provided by RNS

The company news service from the London Stock Exchange

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(END) Dow Jones Newswires

April 03, 2018 12:23 ET (16:23 GMT)

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