This £68 million project, authorised by the Salford & Wigan councils, consists of rebuilding the Walkden High School and refurbishing Irlam & Caddishead Community High School. Both schools are expected to be ready for an intake of students in September 2011.

The consortium, advised by KPMG, comprised of a Hochtief / Laing O’Rourke joint-venture, which was named preferred bidder in May 2009. Senior debt financing is being provided by Nationwide and NordLB, with project sponsors and BSFI providing £7 million of subordinated debt.

This project is part of a larger £400 million contract with both authorities to build or refurbish over 20 schools across the two councils.

Operis was engaged to provide financial model auditing services, including a full tax and accounting review, on behalf of the funders and the consortium.

 

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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Mark Southall
Associate Director - Model Audit & Financial Modelling

+1 647 846 7384

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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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