Due Diligence
EquityBase works closely with Centrila who provide the Cenoption.
Centrila relies upon wide ranging research into the housing market taking into consideration a host of different parameters. Regular in depth analysis of contemporary house price trends by period and geographical area, historical property trends, extensive and complex research carried out by actuarial professionals pertaining to the housing market and its own vision, knowledge and experience in this field collectively underpin Centrila's business strength and success.
Letter from Professional Advisors |
Documentation from Professional Advisors |
Centrila is also able to seek ongoing advice from professionals that are well versed in all aspects of protecting property portfolios and house builders from fluctuations in property prices with strategies to offset these fluctuations such as the implementation of complex hedging mechanisms.
Firms that Centrila employs to complement its business
Centrila recognises the importance of working with leading professional firms to bring continual added value to the Cenoption and to ensure the highest level of service is always maintained. Details of the firms Centrila is working with are provided here, together with a brief explanation of how each company is involved with the Cenoption and why this is of great benefit to the product and ultimately to Centrila's clients.
Professional Advisors - BPL Solicitors Limited
BPL Solicitors has been selected as Centrila's current conveyancing partner for a host of reasons. Having established itself with an enviable reputation within the legal profession, BPL Solicitors is able to offer Centrila leading conveyancing services and has the in-house administrative and technological resources to be able to handle volume business while maintaining the highest of service levels.
Should you choose to exercise the Cenoption on a UK property, Centrila will normally appoint BPL Solicitors to act on its behalf, while of course you may choose any other solicitor to act for you.
In addition, BPL Solicitors has formulated the UK Cenoption contract, offering its advice and input to ensure that the contact is concise, conforms to UK law and is easy to understand and use.
Professional Advisors - Sansons chartered accountants
Centrila has retained the services of Sansons, a leading chartered accountancy firm based in the heart of Docklands, arguably the new financial centre of London.
Sansons provides invaluable advice to Centrila on a host of different business issues, including the company's structure, how best to structure current and future tax liabilities and general best practice business advice.
Centrila has also mandated Sansons to provide regular independent audit functions and confirmation of the level of capital reserves held securely in trust.
This provides clients with peace of mind that Centrila is maintaining the required level of capital as per actuarial recommendations, and additional security in the knowledge that these cash reserves cannot be used except with the express consent of the Trustees, should a client exercise their Cenoption.
Sansons' involvement is an invaluable addition to Centrila's business that complements the company's commitment to transparency and best business practice.
Professional Advisors - Barclays Bank
Centrila has engaged Barclays Bank to act as its bank for the deposit of clients' premiums and for the holding of capital cash reserves.
Barclays will therefore be providing the trust bank account in which the capital cash reserves will be held to reflect Centrila's total commitment to ensuring capital cash reserves can only be used for future obligations, which the company may incur should clients exercise their Cenoptions.
Barclays multi-national banking platform also allows Centrila to benefit from its cutting edge technology, multi-currency facilities and bespoke banking solutions.
Barclays is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services with an extensive international prescence in Europe, the Americas, Africa and Asia. With over 300 years of history and expertise in banking, Barclays operates in more than 50 countries and employs approximately 155,000 people. Barclays moves, lends, invests and protects money for more than 48 million customers and clients worldwide.
Why is the money held in a trust account?
A well managed trust account, although not normally producing the same potential returns that may be achievable in some higher risk investment vehicles, is universally regarded as one of the most reliable and secure methods of managing and protecting large sums of capital.
Centrila is committed to ensuring that cash reserves being maintained benefit from this safe environment to provide total security in these uncertain financial times.
