Julie initially joined us at short notice to support our business planning process. Julie was able to hit the ground running, needing minimum handover and guidance; the business plan was delivered to our Board complete and on-time. As a result of the Covid pandemic, a second business plan together with stress testing and mitigations was required and was delivered within the space of 4 weeks.
Julie is logical, flexible, and can work calmly under pressure. She can also work independently using her own initiative as well as working within a team. Julie communicates effectively both within the organisation and externally. I am confident that Julie’s skills and abilities would be a valuable asset to any organisation.
“We commissioned 2TIX LTD to prepare a Financial Capacity and Funding Options Report. The Co-op wanted to understand its capacity to develop or acquire more properties. It also wanted to understand how it could go about the process of analysing the risks of such action and how these could best be managed.
Adrian was very thorough in his analysis, kept to a tight time table, and was perceptive to understand how some of the issues arising would be viewed by the Co-op.
His final report, though comprehensive and detailed, was written in a highly accessible style to enable non-finance professionals to engage with it. The whole project was a pleasure to work on and I would be very happy to recommend 2TIX.”
TREASURY STRATEGY AND BUSINESS PLAN
“On 1 June 2020, South Western Housing Society and Tamar Housing formed the Willow Tree Housing Partnership. We appointed the team at 2TIX LTD in August 2020 to review our separate borrowing requirements, align our treasury policies and develop a new treasury strategy. As part of this project they also supported the production of the 2021/22 business plan cash flows in HousingBrixx.
Working under very tight time pressures they met every deadline and we were very pleased with the results they delivered. We would be very pleased to recommend them.”
TRAINING – TRANSITION FROM LIBOR TO SONIA
“We commissioned 2TIX LTD to run a small-group training session on the transition from LIBOR to SONIA via Microsoft Teams. The training covered all the necessary details including the background to the change, the key actions we will need to take, and how to calculate interest on a Compounded SONIA loan.
The presentation was thoroughly researched and from his extensive knowledge Adrian was able to answer all our questions. It was a very worthwhile session and we would certainly recommend him.”
TREASURY RETAINER - COMPOUNDED SONIA
"2tix Ltd provided great support and guidance on the drafting and calculation methodology of a new SONIA RCF."
"Adrian provides a wide range of treasury services and advice via a retainer arrangement. This has allowed us to call upon his extensive knowledge to support treasury strategy and operational decision-making. He is very responsive to our requirements and is regarded as a key member of the MTVH treasury operation, available to call upon at short notice.”
“Based on the advice in the treasury strategy that Adrian devised, the board agreed to arrange a new loan in order to ensure that we were able to proceed with an important new development of homes. Working to a strict timetable, Adrian calmly supported us through the whole process, giving sound advice at every stage and this enabled us to complete the loan on time and on budget. ”
“The board agreed to go ahead with a landmark development and this decision required top-up funding to be available before the development contract could be signed. Adrian became a full member of the delivery team; he was always available when needed and helped manage the whole process from start to finish. He provided guidance on the possible pitfalls, supported both the executive and the board’s decision making and providing challenge and proactive encouragement to Alpha throughout.”
FIXED RATE LOAN RESTRUCTURE
“A mismatch between a loan repayment schedule and a fixed rate agreement came to light. Adrian investigated; his quick but thorough report was able to prove that the bank had inadvertently created the issue. He then devised a technical solution that fixed the problem without any gain or loss for either party. His plain language explanations helped us negotiate with the bank and his support helped ensure the bank paid costs. We were very pleased with the support Adrian gave, which delivered a fantastic result.”
LONG TERM FIXED RATE LOAN
“Following a review of borrowing options, The Regenda Group board took the decision to borrow from bLEND to provide £25m of additional long term loan funding. Adrian supported the board and executive throughout the review and up to completion and with his help we borrowed on a 15-year deal at an all-in cost of 2.83% fixed. At the time this was the lowest yield achieved by bLEND. We were delighted with the outcome; the whole process, including the rating work, was very smooth and quick and this funding will help us deliver our target of nearly 1,300 homes over the next 5 years”