Recently merged Welsh landlord welcomes compliant judgement from regulator

The Welsh government explained that these types of judgements are published shortly after a merger completes and offer the regulator’s interim view based on an assessment of the merger process.

This judgement will be followed by a full regulatory assessment, when the Welsh regulator will look at progress in delivering the service improvements and other benefits set out in the merger plans.

In a statement on LinkedIn, Hedyn said: “This outcome recognises the hard work and dedication shown by our colleagues over the last 12 months as we’ve worked towards the creation of Hedyn.”

Paula Kennedy has taken on the top job at Hedyn. She was appointed chief executive of Melin Homes in 2017 and has 28 years of experience in the social housing sector.

Other members of the senior leadership team, announced last August, include executive directors Joanne Kirrane, ​​Gareth Yeoman-Evans and Peter Crockett. 

The tie-up follows a lengthy engagement process with more than 900 people, which included workshops, testing and stakeholder interviews.

The merger between 10,000-home Newport City Homes and 4,500-home Melin began in 2023 in a bid to build the organisations’ financial capacity and resilience.

Hedyn is the Welsh word for seed, and the landlord said its name symbolises growth, new beginnings and the potential for positive change.