QUARTERLY REPORT AS AT March 2014
TABLE 1: COLLATERAL
AVERAGE PER DWELLING
ANNUAL PROVISION PER DWELLING FOR...
LAST REPORT DIFFERENCE VOIDS &
NO OF NO OF NO OF WEEKLY CREDIT SERVICE
ASSOCIATION DWELLINGS DWELLINGS DWELLINGS GROSS RENT LOSSES MANAGEMENT MAINTENANCE CHARGES
A2Dominion 283 283 0 147.52 306.85 429.2 675.62 1,984.30
Arena 563 563 0 90.27 187.75 377.84 619.11 286.23
Derwent 423 423 0 83.83 174.36 378 608.7 369.01
Home 559 559 0 102.59 213.38 382.71 687.37 399.73
Jephson 1,165 1,165 0 99.34 206.63 378 671.86 145.92
Knightstone1 459 541 -82 100.78 209.62 351.88 578.25 121.57
Midland Heart 628 628 0 91.88 191.12 385.42 652.84 401.38
Paradigm 182 182 0 119.94 249.48 366 641.58 112.2
Riverside 963 963 0 86.43 179.77 377.61 608.07 122.11
Thames Valley 515 515 0 131.52 273.57 378 684.41 386.76
Viridian 1,419 1,419 0 117.99 245.42 386.16 632.07 719.11
GROSS ANNUAL NET RENTAL ANNUAL DEBT NET RENTAL
ASSOCIATION RENT INCOME SERVICE COVER
A2Dominion £2,170,940.88 £1,209,881.58 £686,751.00 1.76
Arena £2,642,629.60 £1,814,499.86 £1,016,225.00 1.79
Derwent £1,843,893.48 £1,196,671.08 £913,523.00 1.31
Home £2,981,968.08 £2,041,065.70 £1,432,167.00 1.43
Jephson £6,018,175.28 £4,384,360.89 £3,076,087.00 1.43
Knightstone1 £2,405,515.32 £1,826,519.14 £1,322,967.00 1.38
Midland Heart £3,000,510.24 £1,976,394.17 £1,215,720.00 1.63
Paradigm £1,135,129.32 £885,924.15 £501,691.00 1.77
Riverside £4,327,886.16 £3,087,969.39 £1,525,337.00 2.02
Thames Valley £3,522,203.36 £2,634,988.35 £1,626,736.00 1.62
Viridian £8,706,146.28 £5,892,612.61 £4,092,419.00 1.44
TABLE 2: COLLECTION
OVER LAST 52 WEEKS ...
(NET
COLLECTED
(COLLECTED RENT)/
RENT)/ (ANNUAL
GROSS COLLECTED NET COLLECTED (GROSS DEBT
ASSOCIATION RENT RENT RENT RENT) SERVICE)
A2 £2,239,486.17 £2,306,465.85 £1,406,148.08 1.03 2.05
Arena £2,541,521.73 £2,485,593.36 £1,763,168.80 0.98 1.74
Derwent £2,114,301.34 £2,180,269.49 £1,515,077.82 1.03 1.66
Home £2,981,827.68 £2,919,395.02 £2,097,763.26 0.98 1.46
Jephson £6,022,919.41 £6,085,046.59 £4,691,966.72 1.01 1.53
Knightstone £2,813,562.36 £2,743,563.29 £2,166,967.48 0.98 1.64
Midland Heart £2,986,655.40 £2,899,663.79 £1,988,730.77 0.97 1.64
Paradigm £1,125,783.04 £1,132,217.60 £929,535.66 1.01 1.85
Riverside £4,305,054.84 £4,197,248.07 £3,130,425.27 0.97 2.05
Thames Valley £3,324,691.37 £3,387,760.22 £2,648,279.19 1.02 1.63
Viridian £8,739,367.27 £8,645,062.45 £6,096,916.05 0.99 1.49
OVER LAST 28 WEEKS ...
(NET
COLLECTED
(COLLECTED RENT)/
RENT)/ (ANNUAL
GROSS COLLECTED NET COLLECTED (GROSS DEBT
ASSOCIATION RENT RENT RENT RENT) SERVICE)
A2 £1,127,830.60 £1,153,631.81 £696,085.31 1.02 1.01
Arena £1,379,743.57 £1,385,427.17 £996,429.33 1 0.98
Derwent £1,057,298.98 £1,061,724.03 £729,793.55 1 0.8
Home £1,605,659.52 £1,575,052.81 £1,132,639.17 0.98 0.79
Jephson £3,242,765.87 £3,351,369.28 £2,601,106.38 1.03 0.85
Knightstone £1,487,217.67 £1,474,215.68 £1,175,625.89 0.99 0.89
Midland Heart £1,612,440.29 £1,586,426.64 £1,096,421.93 0.98 0.9
Paradigm £610,434.49 £612,287.79 £502,549.33 1 1
Riverside £2,324,710.33 £2,278,679.84 £1,704,037.82 0.98 1.12
Thames Valley £1,808,309.27 £1,861,431.31 £1,462,859.52 1.03 0.9
Viridian £4,701,233.90 £4,709,685.42 £3,355,350.62 1 0.82
TABLE 3: COMPLIANCE
NET RENTAL
COVER OVER LAST 52 WEEKS... OVER LAST 28 WEEKS ...
COLLECTED NET COLLECTED NET COLLECTED OUTCOME OF
RENT OVER COLLECTED RENT OVER RENT TEST LAST
GROSS RENT TEST GROSS NCR >= STOCK
RENT NCR >= 115% RENT 61.92% CONDITION
ASSOCIATION NRC>=105% >= 95% ADS >= 95% ADS SURVEY
A2 Pass Pass Pass Pass Pass CGTC
Arena Pass Pass Pass Pass Pass CGTC
Derwent Pass Pass Pass Pass Pass CGTC
Home Pass Pass Pass Pass Pass CGTC
Jephson Pass Pass Pass Pass Pass CGTC
Knightstone Pass Pass Pass Pass Pass CGTC
Midland Heart Pass Pass Pass Pass Pass CGTC
Paradigm Pass Pass Pass Pass Pass CGTC
Riverside Pass Pass Pass Pass Pass CGTC
Thames Valley Pass Pass Pass Pass Pass CGTC
Viridian Pass Pass Pass Pass Pass CGTC
TABLE 4: ADDITIONAL FACILITY
PROVIDER NAME DRAW-DOWNS OUTSTANDING BALANCE
ORIGINAL
AF PROVIDER Barclays Bank plc £0.00 £9,435,000.00
TABLE 5: LIABILITIES
OUTSTANDING NOTE TOTAL
PRINCIPAL AMOUNT NOTE ISSUANCE
(PER £100) AMOUNT TO DATE
AS AT END
OF THE QTR 0.7287053 £192,270,000.00
1Knightstone released 82 Dwellings as below w/c 15/02/14 following
a release request
(1) 110-112 (inc) and 114-143 (inc) Parklands, Malmesbury, Wiltshire SN16 0QL
(2) 1-9 (inc) Birds Marsh View, Chippenham, Wiltshire SN15 1TH and 21, 21A, 23,
23A, 25, 25A, 27, 27A, 29, 29A, 31, 31A, 33, 33A, 35 and 35A Hill Rise, Chippenham,
Wiltshire SN15 1AU
(3) 1-12 (inc) and 14-25 (inc) Charles Morrison Close, Devizes, Wiltshire SN10 5ES