The Regulator of Social Housing (RSH) published a regulatory judgement on 9 September 2026 finding that Keystage CIC, a small for-profit landlord, failed to meet the Governance and Financial Viability Standard. The Luton-based landlord told RSH in December 2025 about significant liquidity issues. RSH's investigation found weaknesses in how Keystage managed its financial risks and business planning. The regulator said Keystage had been working constructively with it to protect tenants, homes and services, had appointed an interim chief executive and finance director, and had made plans to become a subsidiary of another social landlord through a merger. RSH said it would continue intensive engagement. Keystage owns and manages 34 supported housing and 14 affordable general needs social homes, plus a portfolio of 196 non-social homes across 27 leased properties.

In the same set of judgements, Leicestershire-based Melton Borough Council was upgraded from C2 to C1 after showing it now delivers the outcomes of the Neighbourhood and Community Standard and the Transparency, Influence and Accountability Standard.

Look Ahead Care and Support Limited received a first consumer grade of C2, with governance at G2 and viability at V2, both unchanged. RSH said the landlord, which owns and manages around 1,100 social homes and manages around 700 owned by other landlords in London and the South East, needed to improve health and safety compliance oversight, particularly legal timescales for addressing hazards such as damp and mould, and some aspects of risk management and oversight.