A new 40,000-home landlord and forward-looking social organisation for the North West was created on 1st January, following the successful amalgamation of Liverpool Mutual Homes (LMH) and Torus (of which St Helens based Helena is a part of)
Headed up by former LMH chief executive, Steve Coffey, the new, larger organisation — which retains the Torus name — boasts a 40,000-strong stock of homes.
These are situated throughout the organisation’s heartlands in Liverpool, St Helens and Warrington.
With a turnover of over £180 million and employing 1,500 staff, it is expected to become a “significant regional player” for a range of partners in the region.
“The vision for new Torus is driven by a shared commitment to the communities we serve and by a determination to build positive futures across our heartland areas” said new group chief executive Steve Coffey.
“This is more than a joining together of landlords. As a larger, more diverse organisation – simultaneously landlord, property developer, commercial contractor and social entrepreneur – we’ll deliver our vision on a larger scale.”
The group is already targeting 5,300 new homes by 2024 and has pledged to allocate £5m generated through commercial activities each year into meaningful projects that improve wellbeing, skills and quality of life.
A new corporate plan is being developed ahead of an official launch later this year and both stakeholders and customers will have a chance to have their say on the group’s priorities.