Concessio Canonical ID
GB11P0000080
Registry Preview
Overview
Expiry
2026
Contract ended
Deep Scan
Investment ThesisLocked
A417 A419 Swindon to Gloucester is an operational Private Finance Initiative toll road concession in the United Kingdom — grantor National Highways, operated by Road Management Services (Gloucester) Limited.
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Public Registry Fields
General Information
Display format
GB-11-P-000008-0
Country
United Kingdom (GB)
Sector
Toll Road (11)
Family
Transport
Structure
PFI/PF2 (P) · Private Finance Initiative
Grantor
National Highways
Operator
Road Management Services (Gloucester) Limited
Financial close
01 Feb 1996
Operations start
01 Apr 1996
Contract end
31 Mar 2026
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Contract Economics
Financial Terms & ClausesLocked
| Term | Value | Price base | Period | As of |
|---|---|---|---|---|
| Indexation basis | ||||
| Availability deductions | ||||
| Performance deductions | ||||
| Market testing / benchmarking | ||||
| Termination compensation | ||||
| Change in law | ||||
| Handback provisions |
Locked rows show the standard UK PFI project agreement term set tracked by Concessio; extracted values render as they are verified against primary sources. Full clause text and citations are available in the app.
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Sector-Benchmarked
Operating KPIsLocked
| Metric | Latest | Period | Sector percentile | Coverage |
|---|---|---|---|---|
| Concession period (years) | 30 | — | 65th |
registry |
| Capital value | £110m | 2025 | 50th |
HMT annual · public |
| Availability (%) | ||||
| Deductions (% of UC) | ||||
| Lifecycle spend vs plan (%) |
Percentile bars show this concession's position against Toll Road benchmark cohorts in the registry (largest cohort n=2,704). Interquartile band shaded. Locked rows show the standard KPI set for this asset class — series and percentile placement unlock in the app.
Equity History
Ownership & TransactionsLocked
| Date | Event | Stake | Consideration | Implied EV | Counterparty |
|---|
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Counterparties
Parties & ContactsPartial
Grantor
National Highways
Department for Transport (DfT) · United Kingdom
Operator / SPV
Road Management Services (Gloucester) Limited
Company No. 03044569
In the full profile
Sponsors / equity holders
Senior lenders
O&M contractor
Financial adviser
Legal adviser
Diligence Signals
Risk & CounterpartyLocked
Diligence signals
Grantor election exposure
Disputes & precedent
The full risk register covers counterparty credit, political cycle, regulatory determinations and dispute history for concessions in this class.
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Public Record
FAQs
Who is the grantor of this concession?
The grantor on file is National Highways.
Who operates A417 A419 Swindon to Gloucester?
The operator on record is Road Management Services (Gloucester) Limited.
When does the concession expire?
The contract end on file is 31 Mar 2026 — contract ended.
Who holds the equity?
Per the HMT 2025 return: 3i Group PLC (via BIIF LP) (42%), HICL Infrastructure Company Plc (via IILP) (58%). Transaction history is available in the platform.
Transparency
Data & Sources
How this entry is verified
Registry identity fields; verification expands by tranche.
How Concessio sources data
Records are extracted from primary public sources — regulatory filings, government disclosures and official registries — and cross-checked before entering the platform. Every published datum carries its source citation in the app.