We help UK housing associations and other social infrastructure organisations to manage their treasury functions effectively by developing policies and practices that best mitigate risk without restricting resources.
We ensure that your business plan is fit for purpose and accommodates wider market conditions as well as your specific circumstances.
We will design a funding strategy that is aligned with your business ambitions and the market conditions, taking advantage of low rate and arbitrage opportunities to reduce costs and risks simultaneously.
We will analyse your existing debt portfolio to identify value and constraints ahead of a restructure or new funding requirements.
We take a clear and structured approach to debt analysis by reviewing your existing facilities and comparing their conditions with your group structure, requirements, and goals and ambitions, to reveal where your debt supports your objectives and where it hinders them.
To restructure a portfolio, we will renegotiate terms with banks and investors on your behalf and will source the most suitable counterparties.
We arrange or advise on over £2bn of new funding per year, which gives us the market knowledge to determine the best approach, as well as unique insights into banks and capital market investors to achieve the best results for you.
Interest Rate Hedging
We advise clients on how best to protect their business against volatile markets. We will design an optimal hedging strategy that is in aligned with your business objectives, providing support throughout the hedging process, including execution.
Our team has considerable experience in the derivative markets, as well as strong relationships with counterparty banks.
For many clients, optimising their level of protection does not mean decreasing their unhedged exposure, but instead reducing costs or increasing flexibility through restructuring existing instruments.
We will help you to obtain a credit rating that supports your ambitions. Our understanding of the process and agencies enables us to advise the best course of action, whether to pursue a rating or not.
We will support you in the selection of the most suitable rating by modelling your business and providing an indicative rating for you from each major agency. Comparing this analysis with our knowledge of the appetites and criteria of the agencies, we will give you a clear picture of the choices available to you and suggest the most suitable agency for your unique circumstances.
We will then manage the process of obtaining a rating for you.
We have helped over 20 organisations to obtain and maintain a credit rating – with most of these placed in the upper half of the sector.
Mergers and Acquisitions
We help clients that are considering or pursuing a merger opportunity. We can provide high level financial, operational and feasibility analysis, to help clients create a business case for the project.
We will discover and then develop solutions to tackle specific requirements. These may be gaining consent from lenders, or the client’s ability to remain compliant when taking on a new suite of covenants and a new portfolio of debt. We will work with you to identify the optimal solution and then assist with the execution of the plan.