Beevers and Struthers advises Jigsaw Homes on £360m bond

Accountants and business advisers Beever and Struthers has revealed it provided key financial advice on a major bond issue that raised £360m (£100m retained) to provide 4,000 new homes over the next five years.

The Northwest-based firm acted for its client Jigsaw Homes Group, a provider of social and affordable homes for rent and sale, on raising the £360m through the bonds market.

Jigsaw Homes Group is one of the largest housing groups in England, with more than 35,000 homes across the Northwest and East Midlands and will be utilising this investment to support its target of providing 4,000 new social housing properties over the next five years and to become a carbon net zero organisation by 2050.

As reporting accountant, Beever and Struthers was responsible for “key input” into the process through verification of financial information in the bond prospectus issued to potential investors and confirmation of the financial position of the group.

The bond issue also involved financial advisory firm Savills, funders NatWest and Barclays, legal advisers Addleshaw Goddard and Trowers and Hamlin and M&G Trustee Company.

John Jones, partner and head of corporate finance at Beever and Struthers, said: “We are one of the leading providers of specialist audit and advisory services to housing associations nationwide and were delighted to assist Jigsaw with this tremendously successful fundraising to support their sustainability targets.”