Concessio Canonical ID
GB40P0003547
Registry Preview
Overview
Capital value
£134m
HMT 2025
Expiry
2037
11 years remaining
Unitary charge
£27.47m
FY 2026-27
Deep Scan
Investment ThesisLocked
Highland Schools PPP2 — PFI Schools Concession is an operational Private Finance Initiative social infrastructure concession in the United Kingdom, with 11 years remaining to the 2037 contract end — grantor Highland Council, operated by Alpha Schools (Highland) Limited, a 1-holder equity registry on file (HMT 2025).
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Public Registry Fields
General Information
Display format
GB-40-P-000354-7
Country
United Kingdom (GB)
Sector
Social Infrastructure (40)
Family
Social
Structure
PFI/PF2 (P) · Private Finance Initiative
Grantor
Highland Council
Operator
Alpha Schools (Highland) Limited
Financial close
29 Mar 2006
Operations start
26 Mar 2007
Contract end
26 Mar 2037
Capital value
£134m (HMT 2025)
Unitary charge (2026-27)
£27.47m
Equity holders (2025)Equitix Ash Holdco 4 — 100%
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Contract Economics
Financial Terms & ClausesLocked
| Term | Value | Price base | Period | As of |
|---|---|---|---|---|
| Unitary charge (annual) | £27.47m | 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 library16 clauses on file
Environmental▪▪▪▪▪ extract + source cite
Duration▪▪▪▪▪ extract + source cite
Revenue Sharing▪▪▪▪▪ extract + source cite
Performance Guarantee▪▪▪▪▪ extract + source cite
Extension▪▪▪▪▪ extract + source cite
Rebalancing▪▪▪▪▪ 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.
16 contract clause extracts with source citations are available in the platform.Request access →
Sector-Benchmarked
Operating KPIsLocked
| Metric | Latest | Period | Sector percentile | Coverage |
|---|---|---|---|---|
| Concession period (years) | 30 | — | 90th |
registry |
| Capital value | £134m | 2025 | 85th |
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
Highland Council
Scottish Government · United Kingdom
Operator / SPV
Alpha Schools (Highland) Limited
Company No. 05509942
In the full profile
Management service co.
Hard FM provider
Senior lenders
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 Highland Council.
Who operates Highland Schools PPP2 — PFI Schools Concession?
The operator on record is Alpha Schools (Highland) Limited.
When does the concession expire?
The contract end on file is 26 Mar 2037 — 11 years remaining.
What is the unitary charge?
The unitary charge for FY 2026-27 is £27.47m per the HM Treasury 2025 return. The full indexed schedule is available in the platform.
What is the capital value?
£134m per the HM Treasury 2025 return.
Who holds the equity?
Per the HMT 2025 return: Equitix Ash Holdco 4 (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.