STONEWATER FUNDING PLC

• ◆

  5 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

BDO LLP, Statutory Auditor

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“These financial statements are prepared on a going concern basis. As part of the assessment the Board reviewed an updated 30 year long-term financial plan in June 2025, with a focus on the next five years, which considers various economic factors including the increase in inflation and interest rates, and the impact of modelled scenarios in combination, together with any mitigations that could be taken. The modelling confirmed that the Group would still be able to operate in these scenarios within all banking covenants, with adequate cash resources and available debt facilities.”

Significant events

• “In January 2025, Stonewater Funding reallocated part of the 2042 bonds which had been on lent to Stonewater Limited, to Mount Green Housing Association Limited. ... £30.0m of nominal debt (and the associated bond premiums) were onlent to Mount Green at a fixed interest rate of 5.034%.”
• “In November 2024, S&P Global Rating revised Stonewater's long term issuer credit rating and the issue rating on the three publicly listed bonds issued by Stonewater Funding PLC to A- with a stable outlook.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

12

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

5

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.