As reported by the Regulator of Social Housing on 15 October 2026, the regulator was taking enforcement action against Concept Housing Association after a sustained period in which Concept failed to address serious failings in how it was run. The RSH cited weak business planning and inadequate risk management, and said Concept could not demonstrate that its arrangements with external organisations were appropriate. The regulator said it lacked confidence in Concept's long-term viability and its ability to protect tenants' homes, noting a significant financial deterioration in recent months; Concept's financial statements were overdue to the RSH by more than a year.

The RSH required Concept to commission a third-party insolvency expert to develop a wind-down plan, obtain an independent review of board and executive skills with a rapid follow-up plan, provide evidence and independent assurance on health and safety obligations for all its social homes, and use these reviews to produce a credible improvement plan. The regulator said it would take further action if Concept failed to comply. Chief Executive Jonathan Walters said Concept had not put things right despite intensive engagement.

Separately, the RSH said it was investigating matters that may indicate serious failings in Hexagon Housing Association's delivery of the Governance and Financial Viability Standard. Hexagon was added to the gradings under review list, with the outcome to be confirmed in a regulatory judgement once the investigation was completed.