Concessio Canonical ID
GB11P0000312
Registry Preview
Overview
Capital value
£145.5m
HMT 2025
Expiry
2038
12 years remaining
Unitary charge
£30.4m
FY 2026-27
Deep Scan
Investment ThesisLocked
Isle of Wight Council - Highways Maintenance is an operational Private Finance Initiative toll road concession in the United Kingdom, with 12 years remaining to the 2038 contract end — grantor Isle of Wight Council, operated by Island Roads Services Ltd, a 2-holder equity registry on file (HMT 2025).
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Public Registry Fields
General Information
Display format
GB-11-P-000031-2
Country
United Kingdom (GB)
Sector
Toll Road (11)
Family
Transport
Structure
PFI/PF2 (P) · Private Finance Initiative
Grantor
Isle of Wight Council
Operator
Island Roads Services Ltd
Financial close
26 Sept 2012
Operations start
01 Apr 2013
Contract end
31 Mar 2038
Capital value
£145.5m (HMT 2025)
Unitary charge (2026-27)
£30.4m
Equity holders (2025)Vinci Concessions — 50% · Meridiam Infrastructure — 50%
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Contract Economics
Financial Terms & ClausesLocked
| Term | Value | Price base | Period | As of |
|---|---|---|---|---|
| Unitary charge (annual) | £30.4m | Nominal · outturn | FY 2026-27 | HMT 2025 · verified |
| 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) | 25 | — | 20th |
registry |
| Capital value | £145.5m | 2025 | 60th |
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
Isle of Wight Council
Department for Transport (DfT) · United Kingdom
Operator / SPV
Island Roads Services Ltd
Company No. 08169805
In the full profile
Management service co.
Hard FM provider
Senior lenders
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 Isle of Wight Council.
Who operates Isle of Wight Council - Highways Maintenance?
The operator on record is Island Roads Services Ltd.
When does the concession expire?
The contract end on file is 31 Mar 2038 — 12 years remaining.
What is the unitary charge?
The unitary charge for FY 2026-27 is £30.4m per the HM Treasury 2025 return. The full indexed schedule is available in the platform.
What is the capital value?
£145.5m per the HM Treasury 2025 return.
Who holds the equity?
Per the HMT 2025 return: Vinci Concessions (50%), Meridiam Infrastructure (50%). Transaction history is available in the platform.
Transparency
Data & Sources
How this entry is verified
Reconciled against HM Treasury PFI/PF2 2025 summary data. View the gov.uk publication →
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.