In January 2017 the boards of Housing Solutions and Bracknell Forest Homes announced they were in early stage merger discussions.
At last week’s board meetings, the boards of Housing Solutions and Bracknell Forest Homes agreed not to proceed with their merger discussions.
Whilst there were sound grounds for evaluating the option to merge, having concluded the due diligence process and sought to develop a joint business plan, it became apparent that there were differences of opinion about the way forward for the merged association and that these could not be easily overcome.
The process has been useful for both associations and much of the work undertaken can be carried forward into our respective strategies.
Orla Gallagher, Chief Executive of Housing Solutions has written to all Housing Solutions’ customers to notify them of the decision and thank customers for their support during this time.
A copy of the letter to customers can be found below.
For press enquiries, please contact Holly Burgess, PR and Marketing Manager at Housing Solutions for more information on 01628 543126 or email email@example.com