Projects

Project Allenby/Connaught was initially procured by the UK’s Ministry of Defence to redevelop the military garrisons of Aldershot and around Salisbury Plain. Aspire Defence was awarded the £12 billion design, build, finance, operate and maintain contract, and broke ground in April 2006. Completion of the original build, comprising close to 540 assets, was achieved in 2014, which improved the quality of life for approximately 18,700 soldiers living and working at the garrisons.

Army Basing Programme 2020

The Army Basing Programme was set up to deliver Army 2020, a vision for the future of the UK’s armed forces that formed part of the Government’s 2010 Strategic Defence and Security Review (SDSR) commitments.

The ABP construction programme was scheduled for completion by 2020, enabling all British Army units based in Germany to return to the UK by then, saving up to £240 million per year by 2022/23.
Around 4,000 personnel will be rebasing from Germany and within the UK to Salisbury Plain Training Area by 2020. Aspire Defence is delivering around 130 new buildings and additional infrastructure to support the moves.

Operis Role

Operis acted as the model developer for Aspire Defence

In 2009, Operis won the opportunity to develop a monitoring model on behalf of Aspire Defence for Project Allenby/Connaught while construction was underway. A 10-year relationship has since ensued to accommodate various updates and model iterations over time.

At Construction Completion Stage

Operis set a dedicated modelling team to update the monitoring model to enable actual accounts to be recorded and forecast accounts under monthly reporting at this stage in the project.

It made it easier for Aspire to update the model and reduce the need for separate workings outside the model for budgets and forecasts.

Accounting regime change

In 2008, Aspire recognised IFRS accounting, and in particular, IFRIC 12, was available for adoption and needed to understand the financial consequences.

Operis identified an opportunity to support the client further and extended its services via the firm’s tax and accounting team, who analysed the impact of the accounting change.

As part of this analysis, the Operis modelling team updated the financial model to forecast under both accounting regimes simultaneously, allowing Aspire to evaluate the impact of the accounting change in advance of the switchover date, working with Aspire’s model certifier.

Continuous support

Operis to help Aspire in its bid preparations by using the model to forecast how the ABP construction and maintenance contract variations could impact the business. Aspire was successfully appointed in 2016 by the MoD to deliver this new contract, which on completion will result in 25% of the British Army being housed on SPTA garrisons.

CONTACT US

Please get in touch with either of our regional offices.

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Erwan Fournis
Global Head of Financial Advisory

+44 207 562 0444

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Carmen Wade
Financial Advisory, Head of North America

+1 647 243 3840

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Jun Tao
Global Head of Model Audit & Financial Modelling

+44 207 562 0428

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Michael Jarman
Head of Model Development

+1 647 243 8016

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Philip Allen
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Operis Europe

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+44 207 562 0400
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Operis North America

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+1 647 846 7382
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CONTACT US

Discuss your requirements with us

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Erwan Fournis
Global Head of Financial Advisory

+44 207 562 0444

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Chris Aldred
Director

+44 207 562 0433

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