Concessio Canonical ID
GB30P0000189
Registry Preview
Overview
Capital value
£105m
HMT 2025
Expiry
2029
3 years remaining
Unitary charge
£40.39m
FY 2026-27
Deep Scan
Investment ThesisLocked
AVSE (Almond Valley Seafield & Esk) is an operational Private Finance Initiative waste management concession in the United Kingdom, with 3 years remaining to the 2029 contract end — grantor Scottish Water, operated by Stirling Water Seafield Limited, a 1-holder equity registry on file (HMT 2025).
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Public Registry Fields
General Information
Display format
GB-30-P-000018-9
Country
United Kingdom (GB)
Sector
Waste Management (30)
Family
Environmental
Structure
PFI/PF2 (P) · Private Finance Initiative
Grantor
Scottish Water
Operator
Stirling Water Seafield Limited
Financial close
29 Mar 1999
Operations start
01 Jan 2001
Contract end
30 Nov 2029
Capital value
£105m (HMT 2025)
Unitary charge (2026-27)
£40.39m
Equity holders (2025)Veolia Water UK — 100%
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Contract Economics
Financial Terms & ClausesLocked
| Term | Value | Price base | Period | As of |
|---|---|---|---|---|
| Unitary charge (annual) | £40.39m | Nominal · outturn | FY 2026-27 | HMT 2025 · verified |
| Indexation basis | ||||
| Availability deductions | ||||
| Performance deductions | ||||
| Market testing / benchmarking | ||||
| Termination compensation | ||||
| Change in law | ||||
| Handback provisions |
Contract clause library1 clause on file
Governing Law▪▪▪▪▪ extract + source cite
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) | 28.9 | — | 75th |
registry |
| Capital value | £105m | 2025 | 65th |
HMT annual · public |
| Availability (%) | ||||
| Deductions (% of UC) | ||||
| Lifecycle spend vs plan (%) |
Percentile bars show this concession's position against Waste Management benchmark cohorts in the registry (largest cohort n=718). 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
Scottish Water
Scottish Government · United Kingdom
Operator / SPV
Stirling Water Seafield Limited
Company No. SC182250
In the full profile
Management service co.
Hard FM provider
Senior lenders
Financial adviser
Legal adviser
Diligence Signals
Risk & CounterpartyLocked
Diligence signals
1 tracked
regulatory
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 Scottish Water.
Who operates AVSE (Almond Valley Seafield & Esk)?
The operator on record is Stirling Water Seafield Limited.
When does the concession expire?
The contract end on file is 30 Nov 2029 — 3 years remaining.
What is the unitary charge?
The unitary charge for FY 2026-27 is £40.39m per the HM Treasury 2025 return. The full indexed schedule is available in the platform.
What is the capital value?
£105m per the HM Treasury 2025 return.
Who holds the equity?
Per the HMT 2025 return: Veolia Water UK (100%). 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.