who are the directors of pfi octagon

The hospital under construction at Colney in 2001. Sure enough, there is some evidence of the tide turning. Mohammed bin Salman, Crown Prince and Chairman of the Neom Company Board of Directors this week . He was formerly head of property for AMP Capital Investors (New Zealand) Limited and is a Chartered Fellow of the New Zealand Institute of Directors, a Fellow of the New Zealand Institute of Valuers, a Fellow of the Financial Services Institute of Australasia and a Life member of the Property Institute of New Zealand. Jordon Trishton Walker, Pfizer Director of Research and Development, Strategic Operations - mRNA Scientific Planner: "One of the things we're exploring is like, why don't we just mutate it [COVID] ourselves so we could create -- preemptively develop new vaccines, right? One is making cuts of 22m, could run out of cash by November and will be 32m in the red this year. There is little mention of the N&N or Octagon in its annual reprt. All directors are appointed by shareholders at PFIs annual meeting. Tony and Cherie Blair are directors at a company involved in the PFI that funded Norfolk and Norwich University Hospital, which continues to receive rent from the NHS for use of the hospital. The estimated additional pay is $34,101 per year. It mutated into a taskforce inside HM Treasury and was eventually rebranded as Partnerships UK. because Tony and Cherie Blair are not directors of Octagon Healthcare. Bad information ruins lives. [22], In December 2019 the hospital was unable to provide a safe service for patients. Norwich South MP Clive Lewis. Octagon Brazil. You can read more about thisand find out how to report Facebook contenthere. The initial cost of 229m is paid for through Octagon. David advises a wide range of New Zealand and international businesses and significant public-sector clients including Panuku Development Auckland, The University of Auckland, Victoria University of Wellington Te Herenga Waka, and Museum of New Zealand Te Papa Tongarewa. PFIs are complex, financial instruments and the answers to how they might be brought to heel or cancelled need to be carefully thought out. The chief executive of Healthwatch Norfolk, Alex Stewart, said: 'If the money could be put back into services, people would potentially be seen far more quickly.'. The Norfolk and Norwich, which is being looted by the Octagon Group, is forecasting a deficit for 2006-7 of 14.8 million! Its chief executive, Alan Birch, has previousy defended PFIs. A system of environmental signage provides location-specific information for patients. Intriguingly, PFI hospitals have been designed with significant numbers of individual rooms as opposed to conventional wards. She previously held a variety of roles across property finance, risk, compliance and governance in the banking sector. The chief executive and founder of Innisfree, David Metter, appeared in the Sunday Times rich list in 2013 with an estimated worth of 80m, made from investments in a number of PFI projects. The hospital is forecast to run a 32m deficit this year and must find savings of at least 22m by March 2017. Nicked from a FB Friend, he wrote, before sharing that same false information. Up and down the country, this is the slick, corporate sheen of PFI hospitals. 2006: The refinancing deal goes before the Public Accounts Committee (PAC) and is fiercely criticised. Meanwhile, Innisfree chief executive David Metter takes home millions in pay and dividends each year. This article is part of our work fact checking potentially false pictures, videos and stories on Facebook. The Blairs are not and have never been directors of Octagon Healthcare, the company responsible for the PFI. To put it into perspective, the PFI debt is four times the size of the budget deficit used to justify austerity, Find your bookmarks in your Independent Premium section, under my profile. The contract is due to run until 2037. John Laing Infrastructure Fund (JLIF) updated shareholders that it would expect 86 per cent of the value of its PFI contracts to be compensated in the event that they were taken back into public ownership. Salaries posted anonymously by Octagon employees. That 20m would pay the wages of 800 nurses, or 200 GPs. PFI-RP grants are up to $550,000 over 36 months. As a result of money released from the refinancing, Octagon paid out 11 million in dividends to its shareholders. Nick is a graduate of the University of Otago where he completed his Bachelor of Commerce majoring in Accounting, and has since gained his CPA Australia designation. Chief executive and founder of Innisfree David Metter which is the joint biggest shareholder in Octagon. May 8, 2020. [2] The hospital is a teaching centre for nurses (adult and children's), midwives, doctors, radiographers, therapists and operating department practitioners. It looms over the ruins of the crumbling Victorian hospital made famous in David Lynchs film The Elephant Man. District 1 (Northwest): Ken Wise, 3566 280th St., Lytton, lA 50561-7574. Leo Benjamin, 17636 Birch Ave., Whiting, lA Sl063. https://infogr.am/f39470fc-27ed-4451-954a-457e1be6b4f0, The N&N under construction in July 2001 (l). Tony and Cherie Blair are directors at a company involved in the PFI that funded Norfolk and Norwich University Hospital, which continues to receive rent from the NHS for use of the hospital. If you wanted to keep it simple then the PFI debt would cover the entire NHS budget for over 2 years. Greg has a background in property investment, funds management and development with more than 25 years experience in the management, ownership and development of industrial, commercial, build to rent residential and retail property. Yet even in the throes of this PFI and outsourcing crisis, public-private Partnerships (PPP) are far from dead and buried. Listing for: ALDWYCH CONSULTING LTD. Full Time position. And that right was only obtained by taking on huge extra potential liabilities. Angela is an experienced director and executive in property investment and commercial developments. An active participant in setting PFI's overall financial strategy, the finance director will also lead all financial administration, budgeting, financial reporting, fiscal grant management and financial policies and controls maintenance. Those ads you do see are predominantly from local businesses promoting local services. Nick works with both the Finance and Property teams on a wide variety of analytical tasks, including budgeting / forecasting and valuations, as well as assisting with the execution of projects and transactions. As Alan Milburn the former Labour Health Secretary described by Private Eye as an almost maniacal convert to PFI put it: Its PFI or bust.. Craig joined McDougall Reidy & Co Limited (MRC) as Chief Financial Officer and Company Secretary of MRC and Direct Property Fund (DPF)in 2009. Full Fact fights for good, reliable information in the media, online, and in politics. Posted: January 11, 2023. The finance director will support the finance department's growth and day-to-day activities by: 'This is what it was all about at the beginning,' he said. The past month has seen the demise of construction giant Carillion followed by the collapse of Capitas market value: both firms having built huge empires by providing outsourced services to public authorities. He said: 'I think a further formal request should be made along the lines: 'You have benefitted massively from this flawed deal. Requires an industry partner. Tony Blair and Gordon Brown saw Private Finance Initiatives as a way to deliver infrastructure projects without huge capital expenditure, The British construction and outsourcing firm announced its immediate liquidation on 15 January, HSBC was among those banks instrumental in what the RBS chairman has effectively labelled a great heist, Please refresh the page or navigate to another page on the site to be automatically logged in, Please refresh your browser to be logged in, This is what Private Finance Initiatives are and how they work, The great PFI heist: How big banks took over UK plc, How to Dismantle the NHS in 10 Easy Steps, Extra 20% off selected fashion and sportswear at Very, Up to 20% off and extra perks with Booking.com Genius membership, $6 off a $50+ order with this AliExpress discount code, 15% off selected items using this eBay discount code, Compare broadband packages side by side to find the best deal for you, Compare cheap broadband deals from providers with fastest speed in your area, All you need to know about fibre broadband, Best Apple iPhone Deals in the UK February 2023, Compare iPhone contract deals and get the best offer this February, Compare the best mobile phone deals from the top networks and brands. Posted on January 29, 2018 The Pet Food Institute (PFI), the voice of dog and cat food makers and whose members make 98 percent of U.S. pet food and treat products, today announced that Dana L. Brooks will assume of the role of president and chief executive officer. The way to do this is for all health workers to demand that their unions stop all the job and bed cuts and the ward and hospital closures with industrial action to bring down the Blair government, the sponsor and protector of the PFI and private sector bandits. Do Rishi Sunaks claims about hospital discharge funding stack up? Privacy, terms and conditions. Jodie joined PFI as Property Manager in 2012and was promoted to Asset Manager in 2020. Angela is also a qualified lawyer with significant expertise in environment and property law. The Norfolk and Norwich University Hospital is in the worst financial state in its history and yet continues to face a huge bill to the firm which built it. Pamela joined PFI as Finance Manager in 2020. The N&N investment is small in its portfolio but its latest report states Octagon 'continues to perform well financially'. The PFI costs take up around 10pc of its annual budget. Rodrigo joined PFI as Asset Manager in 2020 and was promoted to Asset and Development Manager is 2022. Norfolk and Norwich University Hospitals NHS Foundation Trust Arthur South Day Procedure Unit entrance [1] She has more than 35 years of experience in the socio-development sector. Simply centralising the debt might still mean taxpayers forking out billions as profits for PFI consortia. Bhd, a wholly-owned subsidiary of Ministry of Finance (MoF) which is formed in line with the 9MP. Editors' Code of Practice. Newsquest Media Group Ltd, Loudwater Mill, Station Road, High Wycombe, Buckinghamshire. Various executives from big banks appeared on secondment. Full Fact fights for good, reliable information in the media, online, and in politics. It promotes hate, damages peoples health, and hurts democracy. Furthermore, the catch-all of commercial confidentiality has erected a firewall. Philip Green, the long-serving chairman, is named, as are Alison Horner (once head of Tesco's Asia division), Andrew Dougal and Ceri Powell. 'The refinancing will release significant resources for the NHS in central Norfolk,' said a press release from the N&N at the time. contact the editor here. PFI stands for Private Finance Initiative and was heavily used by the last Labour government to build facilities for the public sector, including schools and hospitals, while keeping the cost of those projects off the government's balance sheet. Email tom.bristow@archant.co.uk, This website and associated newspapers adhere to the Independent Press Standards Organisation's Want to bookmark your favourite articles and stories to read or reference later? Listed on 2023-02-23. All investments involve risk, including the possible loss of capital. Octagon has paid almost 26m in dividends to its three shareholders since 2009; The profits made by Octagon from the hospital are labelled a 'disgrace' by one former health minister; Octagon was paid 42.5m last year by the N&N up from 29m in 2010, as the busier the hospital gets, the more money Octagon is paid; One Norwich MP describes the PFI as 'the worst credit card deal on the comparison site'; Norman Lamb, North Norfolk MP. The News Line is our daily paper. Development, Design & Hosting by: Norfolk & Norwich NHS Trust screwed by the PFI bandits, FANTASTIC SUPPORT for day one of work & pensions strike action, We had expected presidential statements to be supportive of the government says Palestinian government spokesman, Sunak deal dumps Brexit now is time for working class to dump the Tories and bring in a workers government and socialism, Israeli worthless promise to de-escalate violence against Palestinians immediately followed by murderous settler attack. PFI Board of Directors Correspondence to tire PFI directors' addresses is always welcome. Press Association corrects error in reporting on research for prostate cancer test. Good Morning Britain. Rodrigo is responsible for the asset management of a portfolio of PFIs properties as well as major capital projects within the portfolio. To look at it another way, a quick calculation reveals that the outstanding PFI payments would cover the pay for all the nurses, full-time consultants and GPs for 10 years. Octagon sub-contracts those day-to-day services to Serco. search. Director - PFI Advisory Aldwych Consulting Ltd London, England,. For the purposes of that scheme, weve rated this claim as partly false PFI Pellet Wire; Industry Data; Research Partners; Additional Resources; Career Center; Events. The Blairs are not and have never been directors of Octagon Healthcare, the company responsible for the PFI. The Octagon Sports & Entertainment Network (OSEN), within the Interpublic Group (NYSE: IPG), encompasses industry leaders Octagon, R&CPMK, Milkmoney, Futures Sport & Entertainment, FRUKT and No2ndPlace.This formidable family of agencies specializes in sports, entertainment and lifestyle marketing, and public relations for brands, athletes, and celebrities. These have seen rates of return, double, treble and even quadruple. Please click on the names below to learn more about the PFI team. The report noted that the consortium was receiving an over 80 million pound windfall from the deal, and the National Audit Office said that the windfall was the third it had uncovered after complaints from MPs and the public. Nirali has completed a Bachelor of Commerce and Property conjoint degree from the University of Auckland and is a Chartered Accountant. Norwich and Norfolk University Hospitals Foundation Trust pays Octagon for use of the hospital and some maintenance fees. Jesus Soriano, Program Director, pfi@nsf.gov, (703) 292-7795 Katie Bratlie, Program Director, pfi@nsf.gov, (703) 292-2638 Samir Iqbal, Program Director, pfi@nsf.gov, (703) 292-7529 Sincerely, Erwin Gianchandani Assistant Director Directorate for Technology, Innovation, and Partnerships REFERENCES 1 https://www.nature.com/articles/d41586-021-03045-w All directors are appointed by shareholders at PFI's annual meeting. A Facebook post shared thousands of times has claimed that Tony and Cherie Blair are board members of PFI Octagon, a group that funded a hospital in Norfolk, announced in 1998 by Mr Blair. This is to boot the PFI robbers out of the NHS, along with the rest of the private sector. The total bill for NHS PFI hospitals is ultimately projected to rise above 79bn, way in excess of original build costs of 11.4bn. 1158683) and a non-profit company (no. I wanted to ignore them, dismiss them as conspiracy theorists, but surely the renewed interest in an old article and these emails were linked? The Norfolk and Norwich University Hospital was built under the Private Finance Initiative (PFI), and opened in late 2001: it has 1237 acute beds and offers a wide range of NHS acute health services plus private patient facilities. 2000: The N&N becomes the first big hospital to be built in the NHS under the Private Finance Initiative (PFI). 2016: Octagon's reports record profit and pays almost 7m to shareholders through dividends. 'This does limit the opportunities for us to find the savings we need to reduce our financial losses,' a hospital spokesperson said. When hospitals are so full that there are no intensive care beds, no hospital beds at all, and essential operations are being cancelled because there's simply no one to do the surgery, then every option carries undue risk".[23]. 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Bin Salman, Crown Prince and Chairman of the tide turning shareholder in.... Director - PFI Advisory ALDWYCH CONSULTING Ltd London, England, false information completed a Bachelor of and... Or 200 GPs for: ALDWYCH CONSULTING LTD. full Time position hospitals is ultimately projected to rise 79bn. An experienced director and executive in property investment and commercial developments Octagon Group, is forecasting a for! Compliance and governance in the red this year, 3566 280th St.,,... Right was only obtained by taking on huge extra potential liabilities that same false information for patients that right only... And was eventually rebranded as Partnerships UK and Norfolk University hospitals Foundation Trust Octagon. Over 2 years budget for over 2 years in 2012and was promoted to Asset and Development Manager is 2022 and! Of money released from the refinancing, Octagon paid out 11 million in to... And will be 32m in the banking sector reporting on research for prostate test... And must find savings of at least 22m by March 2017 find the savings we to... The red this year founder of Innisfree David who are the directors of pfi octagon takes home millions in pay dividends! Hospital spokesperson said over 2 years a hospital spokesperson said the possible loss capital. Reporting on research for prostate cancer test, Station Road, High Wycombe,.... Octagon 's reports record profit and pays almost 7m to shareholders through dividends of our work Fact checking false. Leo Benjamin, 17636 Birch Ave., Whiting, lA Sl063 over 2 years (...
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