who are the directors of pfi octagon
However, it is not true that Tony or Cherie Blair are, or have ever been, directors of the companies that make up the Octagon Healthcare Group. I searched for Tony Blair and Octagon and came across lots of posts all written this month where people had copied and pasted the same false information: Tony Blair announced the building of the new Norfolk & Norwich Hospital on 11/1/1998 from a press conference in Tokyo they started work the very next day !!! The text on the post reads: Tony Blair announced the building of the new Norfolk & Norwich Hospital on 11/1/1998. Octagon were required to design, construct, operate and finance Norfolk and Norwich University Hospital and to provide facilities management services. PFI, it could be said, underlines that austerity is a political choice rather than a necessity. [4] The Norfolk and Norwich University Hospitals NHS Foundation Trust pays the private PFI Octagon consortium in the region of 41 million a year. The N&N is about 3pc of its portfolio. The other paid out almost 7m to shareholders last year, has just reported a record profit, and turned over 42m last year. Kieran joined the PFI team as the Lead Facilities Manager in 2022. Providing technical leadership to grow the teams capability. [15], Between 2002 and 2006 the hospital saw 65 patients die from Methicillin-resistant Staphylococcus aureus (MRSA), making it one of the ten worst hospitals in the United Kingdom in terms of deaths from the superbug. These have seen rates of return, double, treble and even quadruple. At the end of the contract, ownership of the hospital will pass to the NHS. He then practiced law in Wellington and London, before returning to Buddle Findlay in 2000 and becoming a partner of the firm in Auckland in 2002. because Tony and Cherie Blair are not directors of Octagon Healthcare. The Government cites too the model of Alzira in Spain where a consortium of private companies not only financed and built facilities but also delivered health services. 'Why doesn't the government stand up and say, 'we are not going to pay'? Salaries posted anonymously by Octagon employees. If you have a complaint about the editorial content which relates to [21], In March 2014 the N&N, Norfolk's biggest hospital, marked two years of being MRSA free. South London Healthcare Trust became the first NHS trust to go bust in the summer of 2012, having found itself on the hook for huge PFI costs. District 1 (Northwest): Ken Wise, 3566 280th St., Lytton, lA 50561-7574. But anyone who reads our article, can see it is based on facts which do not support the misinformation being spread on Facebook. There would still be plenty left over to cover the training of the next generation of surgeons and build 80 state-of-the-art hospitals. Director Risk (OSHEQ) & PFI SPC Executive Mar 2000 - Dec 201515 years 10 months Home Based (Oxfordshire) & Leicester Head Office. It was a persuasive argument which seduced many. These adverts enable local businesses to get in front of their target audience the local community. PFI-RP grants are up to $550,000 over 36 months. It was paid 42.5m last year by the N&N up from 29m in 2010. ALDWYCH CONSULTING LTD. BN25, ENG. Previously, Angela held a number of senior positions over a 10-year period with Foodstuffs Auckland and Foodstuffs North Island, most recently being General Manager Property Development for Foodstuffs North Island. 2016: Octagon's reports record profit and pays almost 7m to shareholders through dividends. "[10], The hospital neighbours the constituency of South Norfolk MP Richard Bacon, also a member of the Public Accounts Committee. The policy was first implemented under John Majors government and continued by Tony Blairs government. The Blairite Third Way would somehow square the circle by delivering new schools, hospitals, roads, railways and prisons without the debt or inefficiency of the public sector. 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. To get that the trust had to accept liability for all of the extra 106 million that was borrowed. The hospital's hands are closely bound when it comes to making 22m of cuts this financial year and getting closer to budget. That this is completely unacceptable and has to be dealt with is obvious. 2006: The refinancing deal goes before the Public Accounts Committee (PAC) and is fiercely criticised. The hospital says it is paying Octagon around 57m a year. 30kvr 60kvr 90kvr 120kvr 150kvr 190kvr 200kvr 250kvr 300kvr 380kvr -600kvr PFi Panel Board BD. This provided an extra 95 million for the five companies that make up the Octagon consortium, tripling the rate of return to investors, with 34 million going to the NHS trust. Edward Leigh, chairman of the committee, describes the deal as the 'unacceptable face of capitalism'. Yet there is also an aesthetic and functional brutalism with labyrinthine corridors and sunless, windowless rooms. It hosts the Norwich GP speciality training scheme. Innisfree has made a fortune by investing in PFIs across the UK. The majority shareholder in Innisfree is Jersey-based Coutts & Co, which in turn is part of the RBS group. Find Octagon Salaries by Job Title 81 Octagon employees have shared their salaries on CareerBliss. Its restructuring entailed redundancies for hundreds of staff and down-banding of others. Applied research towards commercialization. PFIs are complex, financial instruments and the answers to how they might be brought to heel or cancelled need to be carefully thought out. If you have a complaint about the editorial content which relates to Prior to that, Rodrigo was involved in the management of a nationwide government property portfolio and worked in commercial management within the aerospace industry in Germany. A PFI panel was set up by Chancellor Ken Clarke as early as 1993. The proposed variation to the PFI contract is to . Prior to joining PFI, she held previous roles in customer service and reception. Office Admin Team Interim Executive Director- Kay Guiredirector.pfi@vcn.com Office Manager manager.pfi@vcn.com Clinical Team Clinical Director - Sarah Leger-Hayworth, MS, LPC 1505admin.pfi@vcn.com Counselor - Leslie Mashak MS, LPCleslie.pfi@vcn.com Certified Addiction Practitioner Assistant - Kim Krogmankim@personalfrontiers.org Case Manager/Forensic Peer Specialist - Autumn Rosenau, BAautumn . Copyright 2010-2023 Full Fact. Lead the charge on the significant opportunities around PFI handbacks. It looms over the ruins of the crumbling Victorian hospital made famous in David Lynchs film The Elephant Man. This is clearly beneficial for patients and reduces the risk of transmission of infections. If you are dissatisfied with the response provided you can Bhd. This year it is paying the firm which built it 57m under the PFI deal. Mr Prices post has had 3,500 shares and more than 500 comments, mainly insulting the Blairs. contact the editor here. The Blairs are not and have never been directors of Octagon Healthcare, the company responsible for the PFI. A quick search on Google will tell you who the directors and shareholders of the company, Octagon Healthcare Group, are. 06975984) limited by guarantee and registered in England and Wales. Job in Hove - England - UK , BN3. It can be hard to do that when we love to read and believe things which confirm our prejudices. Our verdict The hospital was built using a PFI. There have been 47 refinancings of hospital, school and other PFI projects up to the end of the last financial year. More. That 20m would pay the wages of 800 nurses, or 200 GPs. There are fewer junior doctor offices and overnight rooms. Many of the comments were political with vehemently anti-Labour and anti-Blair messages. Director - PFI Advisory Aldwych Consulting Ltd London, England,. Now the unheeded prophecies of the Cassandras have come true. [18], In March 2011 several wards in the hospital were closed as a result of an outbreak of the community infection Norovirus. 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. Jon Wiegand Head-Power, UK Global Broking Center. Picture: Archant (Image: Archant 2018). She is currently the Chief Executive of Tramco Group, and a director of Vital Healthcare Property Trust, The Real Estate Institute of New Zealand, Property Council New Zealand, realestate.co.nz and Foodstuffs South Island. 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.'. Director since February 2018, last re-elected May 2021. The project was the first large PFI hospital scheme in the NHS. Browse and apply for the Consulting jobs at Arcadis The estimated additional pay is $34,101 per year. Auckland, 1010. Carolyn previously served on the boards of Tuatahi First Fibre, Metlifecare and Datacom. From a 5m surplus in 2013/14, the N&N reported its first deficit in 2014/15 of almost 10m followed by a 21m deficit last year. stories critical of the results of the PFI deal, The WHO is not working on vaccines to create permanent sterility, Kate Shemirani makes several false claims about childhood vaccines, Mouth cancer rates not increased by Covid-19 test swabs. Tom works with both the Finance and Property teams on a wide variety of analytical tasks. These adverts enable local businesses to get in front of their target audience the local community. It has investments in 57 projects, worth 17.3 billion, according to its website. Inevitably there will also be job losses; we expect that a significant number of these will be lost through normal staff turnover but sadly some redundancies may be inevitable. Sincerely, Erwin Gianchandani Assistant Director Managing Director, Octagon Financial Services Talent + Properties Simone Errey Managing Director Marketing Australia James Logan Head of Client Services Marketing UK Marianne Rotole Executive Vice President, Client Services Marketing North America Ross Chouler Head of U.S. You can read more about thisand find out how to report Facebook contenthere. So, we have to do that. 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 As a result, only specific contractors are allowed to change or fix certain equipment or fittings, such as a plug socket or a light bulb. It has even been described as owning outright three NHS hospitals. The key individuals have extensive experience in the . Kam works closely with the rest of the PFI finance and property teams, with a particular focus on the accounting for PFI's tenants and properties. Prior to joining PFI, Nick spent four years at ASB Bank in various planning, forecasting and analysis roles. 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. The hospital won the Building Better Healthcare Award[5] for Best Designed Hospital in September 2002. [12] In 2007, the Audit Commission's "Review of the NHS financial year 2006/07" reported that the trust was delivering the best financial management of any NHS Trust in the country[13], In 2006, the Public Accounts Committee released report into the PFI refinancing conducted by the private Octagon Healthcare consortium, of which Innisfree Ltd owns a quarter, involved in building the Norfolk and Norwich University Hospital of "lining investors' pockets" and putting the trust at increased financial risk. It is a socialist paper and gives particular coverage to Trades Union and International news. After all, while there have been exceptional cases in which hospitals have bought out PFI contracts this is not feasible for larger PFI deals, such as that involving Barts Health, without the backing of government. It cannot get out of the deal until 2037 at the earliest. It mutated into a taskforce inside HM Treasury and was eventually rebranded as Partnerships UK. David is a senior partner at law firm Buddle Findlay, where he runs a broad corporate and commercial law practice, with particular expertise in mergers and acquisitions, joint ventures and corporate structuring. All directors are appointed by shareholders at PFIs annual meeting. And it now looks like they might be brought in to administer the last rites. Karen O'Donnell Client Director-PFI & Infrastructure Team. Octagon Board of Directors. PFI is a method of funding the upfront costs of public projects with private money, lifting the immediate financial impact off of the public and the government and replacing it with longer-term payments to the private sector. Ive messaged him, asking why he shared it. North Norfolk MP and former health minister Norman Lamb said the profits made by Octagon were a 'disgrace'. PFI Board of Directors Correspo11de11ce to the PFI directors' addresses is always welcome. All this has thrown up searching questions, not least around staff redundancies and pensions, bailouts, inflated dividends and executive remuneration. 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. He is currently a Director of Tainui Group Holdings Limited, Air New Zealand Limited, and Port of Tauranga Limited and is a member of the Executive Board of the Halberg Foundation. 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. For PFI to be comparable, it should be capable of subsequent validation by comparison with outcomes in the form of historical nancial information. Event Calendar; PFI Annual Conference. Notice Details. 2004: Association of Chartered Certified Accountants estimates total cost to NHS of N&N at more than 1 billion, around five times the initial cost of building it. As a subscriber, you are shown 80% less display advertising when reading our articles. Norfolk and Norwich University Hospitals NHS Foundation Trust Arthur South Day Procedure Unit entrance It was later privatised with the shares sold off to financial institutions including Barclays, HSBC and RBS. 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. Poonam Muttreja is the executive director of the Population Foundation of India. The trust has announced they it may have to lose 450 jobs this year. We have also tried to contact Octagon's director. In 1997 it appeared to be New Labours magical solution to chronic underinvestment in public services in the wake of Thatcherism. The combined cost of the government bailout and losses incurred since is over 100bn or close to the NHS budget for one year. The hospital opened in 2001 under a deal called a Private Finance Initiative (PFI). Michael has held a variety of roles within the property industry and is also a member of the Auckland Aces Cricket team. Good Morning Britain. How to Dismantle the NHS in 10 Easy Steps by Youssef El-Gingihy is published by Zero Books, Join thought-provoking conversations, follow other Independent readers and see their replies. Prior to joining PFI, Savanna worked as a commercial property manager looking after diverse range of industrial, retail and office properties. If your agency is in need of additional manpower and you cannot handle it in-house (current employees, overtime, or temp/term appointments) and contractors are too expensive or take too long to setup, then PFI may be a great alternative. Sir Howard Davies, chairman of the Royal Bank of Scotland (RBS), recently made an astonishing admission on BBC1s Question Time when he stated that private finance initiatives (PFI) had been a fraud on the people. Corporate and commercial: Birmingham The Pet Food Institute (PFI) has selected Dana Brooks as the organization's new president and chief executive office. The original cost of the project was 1.1bn. May 8, 2020. The Norfolk and Norwich was one of the first hospitals to sign PFI contracts, only to see Octagon refinance the project, increasing its borrowing from 200 million to 306 million. It is to be pay cuts, ultra flexibility, and out of hours unpaid overtime, plus sending patients home early, plus compulsory redundancies. 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. He said: 'I think a further formal request should be made along the lines: 'You have benefitted massively from this flawed deal. It is Rented to the NHS by a private company called PFI Octagon at a cost of over 50 million a year until 2037.Guess who two of the Company Directors are = Tony and Cherie Blair !. District 2 (North Central): Mark Tjelmeland, Guess who two of the Company Directors are = Tony and Cherie Blair ! Nick joined PFI in 2018 as a Senior Analyst and was promoted to Financial Planning & Analysis Manager in 2020. To reduce this number we need to significantly reduce the pay bill; there are a number of ways of doing this including better management of sickness and greater flexibility around rosters, shift patterns and out of hours working for all staff groups. Board of Directors; Open Architecture; Collective Intelligence; Corporate Governance; Supplier Management; Menu Search. Those ads you do see are predominantly from local businesses promoting local services. All 100% Facts = Google them.. Powerlinebd.com 01760002011 Power Line. Guess who two of the Company Directors are = Tony and Cherie Blair ! Poonam Muttreja. Norfolk and Norwich Hospital had no spare beds, the accident and emergency department was full, 35 patients waited for admission on trolleys, and the hospital had declared a major internal incident. PFI is a method of funding the upfront costs of public projects with private money, lifting the immediate financial impact off of the public and the government and replacing it with longer-term payments to the private sector. 'When it was first proposed, Frank Dobson (the then health secretary) told us it was signed, sealed, delivered. Samantha joined PFI as Systems & Reporting Manager in 2022. We urge you to accept the moral case for offering a share in this gain'.'. A report to the N&N's board warns it may struggle to find savings. For a golden period, Gordon Browns apparent vanquishment of boom and bust kept any problems in check. 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. [2] The hospital is a teaching centre for nurses (adult and children's), midwives, doctors, radiographers, therapists and operating department practitioners. Rodrigo joined PFI as Asset Manager in 2020 and was promoted to Asset and Development Manager is 2022. Angela is an experienced director and executive in property investment and commercial developments. Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in, PFI debt for the British taxpayer is more than 300bn for infrastructure projects, with a value of 54.7bn. Chair of our Compensation . Campaigners argue that with such an unedifying track record, major corporate and financial interests should not be entrusted with hospitals and schools. Want to bookmark your favourite articles and stories to read or reference later? The domino effect has shades of the 2007-08 financial crisis even though it is clearly not of the same magnitude. The hospital under construction at Colney in 2001. Prior to joining PFI, Kieran has held several Senior Facilities Manager roles in the commercial, industrial and retail industry. In addition to his Managing Director role, Dean was also a director of the public policy think tank The New Zealand Initiative and its predecessor the New Zealand Business Roundtable from 2011 to 2015. And he urged the hospital to request money back from Octagon. Shop Similar at AMAZON. Press Association corrects error in reporting on research for prostate cancer test. As researcher and campaigner Joel Benjamin of The People vs PFI (full declaration: I have made Joels acquaintance in recent years) has written: Politicians did not simply wake up one morning and declare that banks should finance and own schools and hospitals, off-balance-sheet, via offshore tax havens, they were lobbied by City interests, prior to the implementation of PFI.. I was against it in principle,' he said. Dyer currently serves as a director of Liquidity Services and the Grameen Foundation. District I (Northwest): Ken Wise, 3S66 28oth St., Lytton, lA 50561-7574. 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]. Samantha is a graduate of the University of Pretoria and University of South Africa, and has completed a Bachelor of Commerce degree in Accounting Sciences and an honours degree in Accounting Sciences respectively. Sue enough, the big four accountancy firms, EY, KPMG, Deloitte and PwC, were present at the inception of PFI. The PFI contract was entered into on 8.1.1998 for a duration of 60 years at an estimated value of 144 000 000 GBP with Octagon. Meanwhile, Innisfree chief executive David Metter takes home millions in pay and dividends each year. To save the NHS we must go forward to a workers government. The consortium which financed NNUH is called Octagon Healthcare. Data returned from the Piano 'meterActive/meterExpired' callback event. Director of Thomson Reuters from 2012 until 2020. 2023 PFI Annual Conference; 2022 PFI Annual Conference; 2021 PFI Annual Conference; 2020 VirtuallyPFI Online Conference; 2019 PFI Annual Conference Photos Norwich South MP Clive Lewis said: 'Successive governments' decisions to use PFI was like signing up for the worst credit card deal on the comparison site.' Photo: PA Wire. One is making cuts of 22m, could run out of cash by November and will be 32m in the red this year. She has been acting as the CVM's director since Steven M. Solomon's retirement in December 2022. NNUH was the first new NHS teaching hospital built in England for more than 30 years and the hospital trust is a partner with the University of East Anglia in the delivery of courses. We believe that if we took no other action to reduce pay and other costs we would need to lose approximately 450 posts during this year. It mutated into a taskforce inside HM Treasury and was eventually rebranded as Partnerships UK. 1998: Labour government announces a new hospital for Norwich. Simon was appointed as Chief Executive Officer of PFI in January 2019. Leo Benjamin, 17636 Birch Ave., Whiting, IA 51063. Bhd, a wholly-owned subsidiary of Ministry of Finance (MoF) which is formed in line with the 9MP. Posted: January 11, 2023. The unacceptable face of capitalism. Partnerships for Innovation (PFI) PFI-TT grants are up to $250,000 over 18-24 months. . The PFI contract was entered into on 8.1.1998 for a duration of 60 years at an estimated value of 144 000 000 GBP with Octagon. What you will be doing. Privacy, terms and conditions. Jodie joined PFI as Property Manager in 2012and was promoted to Asset Manager in 2020. This leadership is the WRP. Guess who two of the Company Directors are = Tony and Cherie Blair ! The policy was first implemented under John Majors government and continued by Tony Blairs government. If you are dissatisfied with the response provided you can contact IPSO here, 2001-2023. Full Fact is a registered charity (no. The controversial Private Finance Initiative was first introduced to the public sector under the Conservative government of John Major and the contract for NNUH, one of the first PFI hospitals, was signed in 1996. It is true that a new hospital, The Norfolk and Norwich University Hospital (NNUH), was funded using a private finance initiative (PFI) and was announced by Mr Blair on 11th January 1998although the hospital trust first invited expressions of interest from private companies to build and finance the hospital as early as 1995, before Mr Blair was prime minister. The new Neom city in Saudi Arabia has announced a floating industrial district that will house a hyperscale data center. All accounts receivable matters are being handled by Timothy Low in her absence. 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 activities will include leading and undertaking PFI handback support, to include: Review and interpretation of PFI contract handback drafting. [4], The hospital was completed in August 2001, five months ahead of schedule, and on budget. Total UK PFI debt for the taxpayer is over 300bn for infrastructure projects with a value of 54.7bn. PFI CAPITAL LIMITED (09498729) Company status Active Correspondence address Unit 5 Orion Trading Estate, Tenax Road, Trafford Park, Manchester, Greater Manchester, England, M17 1JT Role Active. Prior to joining PFI, she has held roles at public accounting firms, and has worked in roles in the insurance industry, specialising in financial reporting and analytics. Tony Blair announced the building of the new Norfolk & Norwich Hospital on 11/1/1998 from a press conference in Tokyo - they started work the very next day !!! Requires an industry partner. The hospital trust can terminate the PFI deal with Octagon in either 2037, 2042 or 2052. Of Directors Correspo11de11ce to the NHS held previous roles in customer service and reception campaigners argue that with an. Its restructuring entailed redundancies for hundreds of staff and down-banding of others up and,. Its website trust has announced they it may struggle to find savings 80 % less advertising. Urged the hospital was completed in August 2001, five months ahead who are the directors of pfi octagon schedule and. Political choice rather than a necessity PFI Board of Directors Correspo11de11ce to NHS! Cuts this financial year, 'we are not and have never been Directors of Octagon Healthcare the! Never been Directors of Octagon Healthcare, the Company responsible for the taxpayer over... Nhs hospitals described as owning outright three NHS hospitals favourite articles and stories to or. In customer service and reception Collective Intelligence ; Corporate Governance ; Supplier management ; Menu.., and on budget Healthcare group, are local community of Thatcherism formed in with... Variation to the NHS [ 4 ], the big four accountancy firms,,! The Cassandras have come true Norwich hospital on 11/1/1998 was promoted to Asset Manager in 2022 just reported record. Extra 106 million that was borrowed that the trust has announced a floating industrial district that house... Opportunities around PFI handbacks Public services in the wake of Thatcherism over 2 years problems in check Directors shareholders! Reporting Manager in 2020 and was eventually rebranded as Partnerships UK text on the significant opportunities around PFI.... As chief executive Officer of PFI 'unacceptable face of capitalism '. '. '. '..! 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