NewSchools is an education project owned jointly by Innisfree and Prudential M&G, comprising the administration of nine PFI school projects across the UK.

NewSchools reached financial close on the Clacton Schools PFI Project in November 2003.  A contract variation has recently been agreed upon, including further capital works.

As part of Nationwide’s due diligence process before advancing further debt to fund the additional capital works, Operis conducted a formal model audit on the revised financial model.  The variation was agreed upon and funded in early 2008.

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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

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Mark Southall
Associate Director - Model Audit & Financial Modelling

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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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