Concessio Canonical ID
GB40P0002747
Deep Scan
Investment ThesisLocked
Exchequer Partnership (No. 2) is an operational Private Finance Initiative social infrastructure concession in the United Kingdom — grantor Hm Revenue & Customs, operated by Exchequer Partnership (No.2) PLC.
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Public Registry Fields
General Information
Display format
GB-40-P-000274-7
Country
United Kingdom (GB)
Sector
Social Infrastructure (40)
Family
Social
Structure
PFI/PF2 (P) · Private Finance Initiative
Grantor
Hm Revenue & Customs
Operator
Exchequer Partnership (No.2) PLC
Financial close
01 Jun 2003
Operations start
19 Nov 2004
Contract end
—
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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) | 31.5 | — | 90th |
registry |
| Capital value | £204.1m | 2025 | 90th |
HMT annual · public |
| Availability (%) | ||||
| Deductions (% of UC) | ||||
| Lifecycle spend vs plan (%) |
Percentile bars show this concession's position against Social Infrastructure benchmark cohorts in the registry (largest cohort n=1,517). 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
Hm Revenue & Customs
Cabinet Office (CO) · United Kingdom
Operator / SPV
Exchequer Partnership (No.2) PLC
Company No. 04426513
In the full profile
Sponsors / equity holders
Senior lenders
O&M contractor
Financial adviser
Legal adviser
Diligence Signals
Risk & CounterpartyLocked
Diligence signals
3 tracked
contractual · market · political
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 Hm Revenue & Customs.
Who operates Exchequer Partnership (No. 2)?
The operator on record is Exchequer Partnership (No.2) PLC.
Who holds the equity?
Per the HMT 2025 return: Aberdeen Investments/RB Sidecar (50%), Consolidated Investment Holdings (CIL) (50%). 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.