Opening Doors - Enhancing Lives

Pennaf Housing Group
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01745 538300
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Pennaf operates across 7 Local authorities in North Wales and owns and manages over 5,700 properties within that region. The group is committed to providing high quality new homes through its main Registered Social Landlord’s (RSL’s) Clwyd Alyn Housing Association and Tŷ Glas.

The Groups Primary Purpose is “Opening Doors – Enhancing Lives” and it’s five corporate objectives are:

  1. We invest in and adapt houses in the community
  2. Residents are satisfied with our services
  3. We are financially resilient and deliver value for money
  4. We are governed effectively
  5. We maximise our people’s potential, effectiveness and engagement

You can find more information via each of the company websites: 

Financial Information 

Group statement of comprehensive income - For the period ended 30 September 2017

The Group’s strong operational performance and efficiency has resulted in robust financial health, despite economically challenging times. Over the past three years the group has experienced strong growth. The Group’s intention is to continue to grow and we intend to deliver 1,500 new homes over the next 5 years. The Group’s most recent financial statements are available on the Pennaf website: 


Our financial strength and stability have been supported by ratings issued by both Standard and Poor’s and Moody’s, these ratings are currently A Stable and Baa1 stable respectively.  The latter Moody’s rating was recently downgraded from an A3 negative set in May, in the light of their downgrading of the UK from Aa1 to Aa2 and the consequent downgrade of the sector by one notch.

Bond Issue

The Group was the first in Wales to secure £160 million publicly listed bonds through the capital markets, with a further £90 million retained for future investment. These funds have been used to reduce financing costs by settling bank debts and to build additional housing in line with the Group’s aims.

Business Plan 

The Group's Business Plan 

Operational Information

The Group is regulated by the Welsh Government and the latest Regulatory Judgement Report, which was issued in September 2017, gave the Group the top rating of ‘Standard’ for both Governance and Services, and Financial Viability. 

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