Concessio Canonical ID
GB30P0000270
Registry Preview
Overview
Capital value
£139.3m
HMT 2025
Expiry
2041
15 years remaining
Unitary charge
£13.91m
FY 2026-27
Deep Scan
Investment ThesisLocked
Leeds Residual Waste Treatment Project is an operational Private Finance Initiative waste management concession in the United Kingdom, with 15 years remaining to the 2041 contract end — grantor Leeds, operated by Veolia Es Leeds Limited, a 1-holder equity registry on file (HMT 2025).
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Public Registry Fields
General Information
Display format
GB-30-P-000027-0
Country
United Kingdom (GB)
Sector
Waste Management (30)
Family
Environmental
Structure
PFI/PF2 (P) · Private Finance Initiative
Grantor
Leeds
Operator
Veolia Es Leeds Limited
Financial close
07 Nov 2012
Operations start
23 Oct 2015
Contract end
15 Apr 2041
Capital value
£139.3m (HMT 2025)
Unitary charge (2026-27)
£13.91m
Equity holders (2025)Veolia Environment — 100%
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Contract Economics
Financial Terms & ClausesLocked
| Term | Value | Price base | Period | As of |
|---|---|---|---|---|
| Unitary charge (annual) | £13.91m | 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 library4 clauses on file
Environmental▪▪▪▪▪ extract + source cite
Governing Law▪▪▪▪▪ extract + source cite
Tariff▪▪▪▪▪ 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) | 25.5 | — | 70th |
registry |
| Capital value | £139.3m | 2025 | 75th |
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.
11 KPI datapoints on file for this concession (2022–2024) — full annual series and sources in the platform.Request access →
Equity History
Ownership & TransactionsLocked
| Date | Event | Stake | Consideration | Implied EV | Counterparty |
|---|
This information is available in the Concessio platform. To explore the full transaction history for this concession, request access.
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Counterparties
Parties & ContactsPartial
Grantor
Leeds
Department for Environment, Food and Rural Affairs (DEFRA) · United Kingdom
Operator / SPV
Veolia Es Leeds Limited
Company No. 07876913
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 Leeds.
Who operates Leeds Residual Waste Treatment Project?
The operator on record is Veolia Es Leeds Limited.
When does the concession expire?
The contract end on file is 15 Apr 2041 — 15 years remaining.
What is the unitary charge?
The unitary charge for FY 2026-27 is £13.91m per the HM Treasury 2025 return. The full indexed schedule is available in the platform.
What is the capital value?
£139.3m per the HM Treasury 2025 return.
Who holds the equity?
Per the HMT 2025 return: Veolia Environment (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.