The Cadarn Housing Group was established as Newydd Housing Association in 1974. In 1998, a group structure was formed with The Cadarn Housing Group as the parent company and Newydd Housing Association (1974) Ltd as a subsidiary.
The Group has developed since and currently consists of:
The Cadarn Housing Group Limited
Co-operative and Community Benefit Societies Act 2014. Non-charitable rules.
Parent of Group; provides oversight and support services role.
Newydd Housing Association (1974) Limited
Co-operative and Community Benefit Societies Act 2014. Charitable rules. Landlord - owns and manages 3,000 homes for affordable rent and low-cost home ownership as well as a range of community regeneration initiatives.
Newydd Maintenance Limited - Private
Company Limited by Shares. Sole shareholder is Cadarn. In house contractor providing responsive and planned works to Newydd.
Living Quarters (Lettings & Sales) Wales Limited
Private Company Limited by Shares. Sole shareholder is Cadarn. Manages a small portfolio of market rent properties for Newydd and private landlords.
The Group is governed by our board members who meet several times a year to set strategic objectives, monitor performance and scrutinise important decisions. As the parent Cadarn has ultimate control and can, if necessary, appoint members to the subsidiary boards in order to exercise control. A Group Audit & Risk Committee made up of Board members from across the Group considers internal control and receives direct reports from an independent internal auditor.