L&Q

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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 people
Aubrey Adams OBE (Chairman)
Fiona Fletcher-Smith (CEO)
Waqar Ahmed (Finance)
SubsidiariesQuadrant Construction Services Ltd, L&Q Living and Trafford Housing Trust
Employees
2800+ (2021)
Websitehttp://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.[1] 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[edit]

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.[2][3]

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.[4]

In December 2016, London and Quadrant merged with the East Thames Housing Group.[5]

In February 2017, L&Q completed a deal to buy the private land company Gallagher Estates for £505 million from Tony Gallagher.[6]

An independent review conducted by Campbell Tickell in 2018 revealed maintenance of some of the company's properties had fallen below standards.[7]

The Times reported in 2019 the company owned 95,000 homes across London and the south-east.[8]

In 2019, L&Q acquired Trafford Housing Trust.[9]

In 2021, Fiona Fletcher-Smith was appointed Group CEO, replacing David Montague CBE.[10]

Quadrant Construction[edit]

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.[11]

References[edit]

  1. ^ The Guardian, https://www.theguardian.com/housing-network/2012/jun/08/london-and-quadrant
  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. ^ Place North West, https://www.placenorthwest.co.uk/news/lq-completes-trafford-housing-trust-takeover/
  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.