Centrus Impact Report 2023

Executive Summary

We are proud to publish our second Impact Report as a certified B Corporation. This shares our achievements, impact and ambitions across sustainability, social responsibility and governance with the lens on 2023.

“The macro-economic challenges and ESG backlash rose fervently in 2023.
In the face of these challenges Centrus remains committed to high standards of verified social, governance and environmental performance and has backed this up with public transparency and accountability. Our people and our purpose are backed by the delivery of bespoke solutions for projects, companies & assets that matter to people, communities & the environment”.
George Roffey, Chief Sustainability Officer at Centrus.

At Centrus, our sectors of operation have tangible impact on the environment and on society. As a service provider, our action and output on our value chain is far greater than our supply chain inputs and in this service provision, people are our most valued asset. So that our people know how their role contributes to ESG, we strive to set an exemplary internal footprint.

Download our impact report.

For more information, please contact George Roffey, Chief Sustainability Officer – Centrus

Proxima launch: France’s first independent high-speed train company

Proxima: France’s first independent high-speed train company

Rachel Picard and Tim Jackson together with Antin Infrastructure Partners have announced the launch of Proxima, France’s first independent high-speed train company.

Centrus is proud to have acted as a key commercial and financial advisor to Antin Infrastructure Partners and Proxima founders, Rachel Picard and Tim Jackson, securing Antin Infrastructure Partners as the sole equity provider for the project.

Proxima will strengthen the offer available to high-speed rail travellers in France, providing more than 10 million new seats per year.

Click here to read the full story in Railway Gazette

For more information, please contact Stephen Layburn

Centrus Analytics Newsletter | May 2024

As May unfolds and the sun starts to shine a little brighter, we’re thrilled to bring you the latest edition of our Centrus Analytics newsletter.

Client updates

We’re delighted to share that Jigsaw Homes Group Ltd has joined our growing list of titanTreasury users. This partnership with Jigsaw, a leading housing provider with over 35,000 homes across the North of England, marks another milestone in our mission to revolutionize treasury management. By leveraging titanTreasury, Jigsaw aims to streamline their processes, enhance reporting accuracy, and drive efficiencies within their treasury function.

Click here to read more on the partnership.

“titanTreasury is now the treasury and risk management system of choice for the UK housing association sector, along with a growing range of corporate and institutional clients.

Our solution helps reduce time on transactions, by doing the heavy lifting, and enable more time for strategic thinking.”

Gilles Bonlong, Director – Centrus

Upcoming Events

ACT Annual Conference: 21st/22nd May 2024

Join us at the ACT Annual Conference in Liverpool on May 21st and 22nd, 2024, where Centrus, in collaboration with our software partner 3VFinance, will showcase the capabilities of titanTreasury.

Visit us at stand E22 to explore how titanTreasury can empower your organisation.

This year’s conference theme, ‘Thriving in Uncertainty,’ resonates deeply with the challenges many businesses face today. titanTreasury stands ready to assist you in navigating these challenges by offering:

  • Enhanced cash visibility: Gain real-time insights into your cash position across multiple accounts, entities, and currencies.
  • Improved liquidity management: Utilise detailed cashflow forecasts to identify and address potential cash shortfalls or surpluses, enabling you to optimize liquidity.
  • Risk management: Leverage real-time functionalities to measure, assess, and hedge your market exposures effectively.

We look forward to connecting with you at the conference. Please get in touch with Gilles Bonlong, Director at Centrus to arrange a meeting.

Consortium acts as financial adviser to Ofgem on transfer of offshore wind farm transmission link

Smith Square Partners Consortium acts as financial adviser to Ofgem on the £666 million completed transfer of Moray EAst offshore wind farm transmission link from MOWEL, a joint venture company owned by Ocean Winds (40%), Diamond Green Limited (33.4%), Equitix (16.6%) and China Three Gorges (10%) to Transmission Capital Partners (“TCP”)

Smith Square Partners Consortium acts as financial adviser to Ofgem on the £666 million completed transfer of Moray East offshore wind farm transmission link from MOWEL, a joint venture company owned by Ocean Winds (40%), Diamond Green Limited (33.4%), Equitix (16.6%) and China Three Gorges (10%) to Transmission Capital Partners (“TCP”) On 14 February, 2024 Ofgem announced its confirmation to grant an Offshore transmission licence to TCP. This sees the transfer of the £666 million offshore transmission link from MOWEL, the developer of the Triton Knoll offshore wind farm who are managed by Ocean Winds, TCP, an International Public Partnerships (“INPP”) backed consortium. The Moray East wind farm consists of 100 turbines, has a capacity of 950MW and is located 22km from the Aberdeenshire, Scotland coast in the Moray Firth. The Smith Square Partners Consortium has been advising Ofgem in relation to sales of offshore wind farm transmission assets since 2020 when it was first appointed by Ofgem for Tender Round 7 and continues to advise on tender rounds up to and including Tender Round 11. Its advice has related to transmission assets for eight offshore wind farms with a projected generation capacity of 7.9 GW and combined asset values of c.£6.1 billion. The Consortium comprises financial advisers Smith Square Partners and Centrus, with CEPA providing financial and related economic advice, tax advice provided by BDO and forensic cost reviews provided by Grant Thornton.

“Offshore windfarms have a crucial role in achieving a net zero carbon economy and are at the forefront of the UK Government’s targets with a target of 50GW of offshore wind by 2030. OFTO transactions will play a key part in this success with a very large pipeline of projects coming to market in the next couple of years. We are pleased to close this transaction with our consortium colleagues and this transaction emphasises our continued focus on the global renewable energy and energy transition markets.”

Scott Wilsher, Assistant Director – Centrus

Centrus hosts the titanTreasury User Day 2023

titanTreasury User Day 2023

On the 25th October 2023, we welcomed our clients to the UK titanTreasury User Day 2023. The day provided a fantastic opportunity to bring titanTreasury users together to learn about new platform functionalities and input ideas for future developments. 

Gilles Bonlong, Melina Lambrou and George Roffey were joined by our partners at 3V Finance, Alexis Paulet and Alexandre Marage, to lead workshops throughout the day. 

titanTreasury is our expert Treasury Management System (TMS) that offers financial departments and treasurers the best functionalities for monitoring and controlling operational market risk (rate, foreign exchange, commodities), credit and liquidity risks. 

To learn more about titanTreasury, please contact Gilles Bonlong, Director at Centrus.

Centrus named ‘market leader’ by Social Housing Magazine

Market leader in capital market transactions

Centrus has been named market leader in capital market transactions by Social Housing‘s exclusive professionals’ league, having advised on the highest number of HA fundraising transactions in 2023. 

The report found that private placements remain the preferred funding route within the capital markets despite the number of housing association bond deals having fallen. 

John Tattersall, Managing Director at Centrus, shared his thoughts on the report findings alongside comments from Pension Insurance Corporation plc, Addleshaw Goddard, ARA Venn, MORhomes PLC and Savills.

Click here to read the full report

Join titanTreasury at The HAT Summit 2023

titanTreasury at The HAT Summit 2023

On Friday 8th September 2023, Centrus will be participating in the 3rd Annual International Treasury Summit, organized by the HAT association, in Athens.

Centrus will be joined by our partners at 3V Finance to share expertise and the benefits of titanTreasury, now used by more than 800 treasury professionals internationally.

If you’d like to connect during the event, please visit our stand or contact Gilles Bonlong.

Round table: ‘Battle of the Titans’- Global Cash Forecasting

Join Centrus Director, Gilles Bonlong at the ‘Battle of the Titans’ roundtable for a discussion on Global Cash Forecasting at 2 pm.

The 3rd International Treasury Summit HAT

Date: September 8, 2023, from 8:30 a.m. to 7 p.m.

Location: Benaki Museum, Pireos 138, Athina 118 54, Greece

Registration: https://www.treasury.gr/3rd-hat-international-treasury-summit