Misplaced Pages

L&Q

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.
British housing association

L&Q
Founded1963
FounderRev Nicolas Stacey
TypeHousing association
Location
  • London
Area served London, South East England, East Anglia, North West England
ProductHomes to buy, affordable and social-rented homes, supported and sheltered housing
Key peopleAubrey Adams OBE (Chairman)
Fiona Fletcher-Smith (CEO)
Waqar Ahmed (Finance)
SubsidiariesQuadrant Construction Services Ltd, L&Q Living and Trafford Housing Trust
Employees2800+ (2021)
Websitehttps://www.lqgroup.org.uk/

L&Q (London & Quadrant Housing Trust) is a housing association operating in Greater London, the South East, East Anglia, and parts of the North West (under its subsidiary company Trafford Housing Trust). L&Q's registered office is based in Stratford. Quadrant Housing Association, one of its original forebears, was established in 1963. L&Q is one of the largest housing associations in England. As of 2021, the company owns/manages in excess of 120,000 homes, housing c250,000 residents.

History

The Quadrant Housing Association was formed in the London Borough of Greenwich in 1963 when 32 people invested £2 each to create a housing association. Its founder, Rev Nicolas Stacey, was a Church of England priest who later became head of Social Services for Kent County Council.

In 1973 Quadrant joined forces with another association, London Housing Trust, which had been set up in 1967. The merged organisation was named London & Quadrant Housing Trust.

In 2011, London and Quadrant was criticised by Conservative Party politicians alleging that L&Q had misled the public and MPs over its plans for development on the site of the Walthamstow Stadium.

In December 2016, London and Quadrant merged with the East Thames Housing Group.

In February 2017, L&Q completed a deal to buy the private land company Gallagher Estates for £505 million from Tony Gallagher.

An independent review conducted by Campbell Tickell in 2018 revealed maintenance of some of the company's properties had fallen below standards.

The Times reported in 2019 the company owned 95,000 homes across London and the south-east.

In 2019, L&Q acquired Trafford Housing Trust.

In 2021, Fiona Fletcher-Smith was appointed Group CEO, replacing David Montague CBE.

Quadrant Construction

In 2010, L&Q created an in-house construction practice, Quadrant Construction, which grew by 2016 to a £200m turnover business, making a £4m profit that was given back to the housing association. However, on 23 May 2017, L&Q announced a restructuring which would see Quadrant rebranded, with consultations starting about possible redundancies among the 200-strong workforce.

References

  1. "London & Quadrant (L&Q)". the Guardian. 8 June 2012. Retrieved 22 November 2022.
  2. "Obituary Rev Nicolas Stacey". The Times. 16 May 2017. Retrieved 3 July 2017.
  3. "The Reverend Nicolas Stacey, reform-minded Anglican – obituary". The Telegraph. 9 May 2017. Retrieved 3 July 2017.
  4. Hill, Dave (11 November 2012). "Walthamstow stadium: "This is not over," pledges Duncan Smith as campaign turns fire on Boris". The Guardian. ISSN 0261-3077. Retrieved 2 May 2019.
  5. "East Thames and L&Q announce successful merger completion and refinancing". East Thames. 6 December 2016. Archived from the original on 27 April 2017. Retrieved 25 April 2017.
  6. Isabelle Fraser (2 February 2017). "L&Q snaps up land investor Gallagher Estates in £505m deal". The Telegraph. Telegraph.co.uk. Retrieved 13 May 2017.
  7. "'Weaknesses' found after investigation into L&Q repairs service". Inside Housing. Retrieved 2 May 2019.
  8. Bounds, Andy; Evans, Judith. "L&Q to spend £4bn building homes in north-west England". Financial Times. Retrieved 2 May 2019.
  9. "L&Q completes Trafford Housing Trust takeover". Place North West. 3 October 2019. Retrieved 22 November 2022.
  10. "Fiona Fletcher-Smith becomes new chief executive of L&Q".
  11. Morby, Aaron (23 May 2017). "200 Quadrant Construction staff face restructure". Construction Enquirer. Retrieved 23 May 2017.
Housing associations in London
G15
Local associations
National associations in London
Housing cooperatives
Categories: