News from Cass Business School

Cass students breeze to victory with business plan idea

Business plan competition won by Cass Renewables Ltd for their idea of a company specialising in the service of offshore wind farms.

Every year students in Cass' Shipping Trade & Finance, Supply Chain Trade & Finance and Energy Trade & Finance programmes compete in a business plan contest. 

This year's winners Cass Renewables Ltd, Anthony Comninos, Aristotle Topalidis, Richard Carroll, Andrew Taylor and Ryan Crocombe, 'founded' a company specialising in the service of offshore wind farms. 

Their idea was to commission a fleet of ten ships specially adapted to carry personnel in order to maintain and repair wind turbines in an age with ever increasing demand for sustainable energy. The personnel transfer vessels would be time chartered to major utility companies and government bodies involved in the construction and operation of UK wind farms.

The contest was very competitive and the business plan, which is the RPMS (research project management skills module) grade, is seen as the culmination of the MSc, where students utilise all they have learned from the course and apply theory to practice.

35 - 40 groups from the three MSc courses prepared, in both oral and written form, a business plan proposal for panels of academic staff. The final groups were judged by associates from Moore Stephens, a respected accountancy and consultancy firm in the City.

Professor Michael Tamvakis, module leader for the RPMS says of the winning plan "This year's finalists were Cass Renewables, who impressed the judges with their solid financial analysis, polished written report, professional presentation and impressive responses to the battery of questions to which they were subjected". 

Aristotle Topalidis, part of the winning team says "We are delighted to have won. We were determined to make a strong impact with our business plan and win. We literally spent over eighty hours a week on our business plan and pulled five "all nighters" leading up to the submission date.

"Professor Costas Grammenos, Professor Michael Tamvakis and Professor Nikos Nomikos deserve credit as well, for challenging us in their lectures and in turn empowering us to produce quality work."

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