There are many precedents for renationalising privatised services when it is in the public interest. In July 2000 approval was given to extend the Norfolk and Norwich University Hospital with a second phase that included an additional 144 beds and took the project cost to 229 million. ASSISTANT DIRECTOR OF ESTATES AND FACILITIES: FACILITIES MANAGEMENT*. A Department of Health spokesperson said: 'We provide advice and consultancy on PFIs to individual trusts across the country, making savings on their current contracts.'. Level 4, Hayman Kronfeld Building
Octagon is owned by three shareholders called Innisfree (which owns 36.84pc), 3i Infrastructure Seeds Assets Ltd (which also holds 36.84pc) and Semperian (which owns 26.32pc). search. It meant 33.9m of funds would be released to the hospital, but the minimum repayment term was extend from 30 to 35 years, meaning it could not get out of the contract and payments to Octagon until 2037 at the earliest. But why does it then wrongly name the Blairs as company directors? Octagon were required to design, construct, operate and finance Norfolk and Norwich University Hospital and to provide facilities management services. Estimates as far back as 2004 predicted taxpayers, through the N&N, will pay Octagon more than 1 billion nearly five times the 229m cost of building and opening the hospital. Leo Benjamin, 17636 Birch Ave., Whiting, IA 51063. 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. Rodrigo joined PFI as Asset Manager in 2020 and was promoted to Asset and Development Manager is 2022. The hospital was reportedly the biggest built using a PFI contract at the time. This figure may certainly prove to be questionable. Company website; Company jobs; . Corporate and commercial: Birmingham The way out of the PFI crisis for the government and the management of the Norfolk and Norwich is to attack the workforce and to attack patient care. 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. Focused on multidisciplinary, multi-organizational teams. Innisfree a fund management company in the City of London is amongst the biggest players in the PFI market. Those ads you do see are predominantly from local businesses promoting local services. Directors should identify why the Mr Lamb called on the government to look at buying its way out of the 'dreadful deals' made under PFIs. Before joining PFI, she worked with the MacArthur Foundation as Country Director where she was responsible for the Foundation's grants in India. Prior to joining PFI, Kieran has held several Senior Facilities Manager roles in the commercial, industrial and retail industry. A report to the N&N's board warns it may struggle to find savings. Banking leviathan HSBC also has a stake in PFI hospitals. All directors are appointed by shareholders at PFIs annual meeting. None of the firms involved in Octagon responded to our requests for comment. Vercity also employs talented senior finance experts, comprising finance directors, operations managers, management accountants and financial controllers. Prior to this,Simon was General Manager of PFI from mid-2013, and prior to that, General Manager of Direct Property Fund (DPF) before PFI's merger with (DPF) in 2013, having joined McDougall Reidy & Co Limited as Development Manager in 2005. Craig is a graduate of Auckland University and is a Chartered Accountant, having trained as an auditor at PwC. Total UK PFI debt for the taxpayer is over 300bn for infrastructure projects with a value of 54.7bn. It looms over the ruins of the crumbling Victorian hospital made famous in David Lynchs film The Elephant Man. We will endeavour to minimise these through other measures to reduce pay costs such as those set out above.. District 1 (Northwest): Ken Wise, 3566 280th St., Lytton, lA 50561-7574. The Blairs are not and have never been directors of Octagon Healthcare, the company responsible for the PFI. All 100%. This website and associated newspapers adhere to the Independent Press Standards Organisation's Healthcare associated infections and black alerts, Norwich Evening News, p6, 15 September 1998, Norfolk and Norwich University Hospitals NHS Foundation Trust, Association of Chartered Certified Accountants, Commission for Architecture and the Built Environment, Methicillin-resistant Staphylococcus aureus, "Norfolk and Norwich University Hospital", "Private Finance Initiative Norfolk and Norwich University Hospital", "Better Public Building Award finalists, 2002", "A&E department redesign 'cuts aggression by half', "Photo gallery: Royal visitor opens new cancer treatment centre at N&N", "David Metter: Skiing in the Alps, the King of the PFIs who owns 28 hospitals and a motorway", Superbugs MRSA and Clostridium difficile killing record numbers of patients, Hospital put on alert as ambulances stack up, Norfolk and Norwich Hospital told to improve elderly patients nutrition, "Care Quality Commission, Dignity and nutrition for older people Review of compliance", "Graphic: Praise after three Norfolk hospitals pass two years as MRSA free", "Doctors told to use 'least unsafe' option in Norwich hospital", "Norfolk and Norwich University Hospitals NHS Foundation Trust Keys to new hospital handed over", "Norfolk and Norwich University Hospitals NHS Foundation Trust Prime Minister visits NNUH", "BBC NEWS - UK - England - Loyd Grossman goes on the wards", "Norfolk and Norwich University Hospitals NHS Foundation Trust Harry Potter star's hygiene message", "BBC NEWS - UK - England - Norfolk - New cancer centre opened", "BBC NEWS - UK - England - Norfolk - Queen to open new hospital", "Norfolk and Norwich University Hospitals NHS Foundation Trust Royal College Praises Emergency Assessment Unit", "Norfolk and Norwich University Hospitals NHS Foundation Trust Health minister to visit NNUH", "Norfolk and Norwich University Hospitals NHS Foundation Trust Official opening of the Norwich Radiology Academy", "Norfolk and Norwich University Hospitals NHS Foundation Trust Esther Rantzen welcomes new care plan for terminally ill", "Norfolk and Norwich University Hospitals NHS Foundation Trust Hospital staff star in TV series Kingdom", "Norfolk and Norwich University Hospitals NHS Foundation Trust Bishop of Thetford to visit renal patients at NNUH", Norfolk and Norwich University Hospital NHS Foundation, Royal London Hospital for Integrated Medicine, National Hospital for Neurology and Neurosurgery, University College at Westmoreland Street, Walton Centre for Neurology & Neurosurgery, Royal National Hospital for Rheumatic Diseases, Robert Jones and Agnes Hunt Orthopaedic Hospital, School of Art History and World Art Studies, https://en.wikipedia.org/w/index.php?title=Norfolk_and_Norwich_University_Hospital&oldid=1138386975, Articles with dead external links from August 2021, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, Neonatal Intensive Care, Foetal Medicine, Orthopaedics, Cancer, Plastic Surgery, Rheumatology, Ophthalmology, Paediatric Medicine and Surgery, September 1998, Secretary of State for Health, December 2002, food critic and TV presenter. 'This is what it was all about at the beginning,' he said. About Octagon. . Simon was appointed as Chief Executive Officer of PFI in January 2019. Shalini works closely with the rest of the finance team, with a particular focus on Accounts Payable. The domino effect has shades of the 2007-08 financial crisis even though it is clearly not of the same magnitude. This meant the hospital had no right to receive any proceeds from the refinancing at all, let alone the 29% share it eventually secured. 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. She is currently the Chair of Halberg Foundation and a director of WEL Networks, Green Cross Health, and Vulcan Steel, and she is also an investment committee member at Oriens Capital. Press Association corrects error in reporting on research for prostate cancer test. 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. (712) 458-2001. 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 . The text on the post reads: Tony Blair announced the building of the new Norfolk & Norwich Hospital on 11/1/1998. Full-Time. There must be a new leadership to carry this struggle forward. Ewan joined PFI as Asset/Development Manager in 2015and was promoted to Portfolio Manager in 2020. Carolyn recently joined PFIs Board in August 2022. 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 !. If we're gonna do that though, there's a risk of . Picture: Archant, about how the deal to build the Norfolk and Norwich Hospital (NNUH) has financially crippled it. There are fewer junior doctor offices and overnight rooms. Pamela has completed a Bachelor of Commerce degree from the University of Auckland and is a Chartered Accountant. Of course, it can not police every post, it is up to us the user to take care of what we believe. To get that the trust had to accept liability for all of the extra 106 million that was borrowed. This material is for informational and educational purposes only and should not be construed as investment advice or an offer or solicitation in respect of any products or services to any persons who are prohibited from receiving such information under the laws applicable to their place of . The text on the post reads: Tony Blair announced the building of the new Norfolk & Norwich Hospital on 11/1/1998. Bad information ruins lives. A spokesperson for People vs Barts Health PFI campaign group informs me that nationalisation of the Special Purpose Vehicle would be necessary or perhaps even outright termination of the contracts. Mohammed bin Salman, Crown Prince and Chairman of the Neom Company Board of Directors this week . Guiding and overseeing the survey on expiry Review of asset / service data provide by the SPV / PFI service provider/sSupporting future . The Trust is taking a range of measures to deal with this hugely challenging deficit; careful cost control, service redesign, and reducing an overall pay bill that accounts for 60 per cent of our budget. Ewan is responsible for leading the team that manages PFI's property portfolio. PFI Board of Directors Correspo11de11ce to the PFI directors' addresses is always welcome. The proposed variation to the PFI contract is to . Good Morning Britain. Profit warnings have been issued for other government contractors, such as Interserve. 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. Director, PFI and PVC (since 2023) Trustee, PDSRA and PETF (since 2023) . 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. District 2 (North Central): Mark Tjelmeland, 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 N&N investment is small in its portfolio but its latest report states Octagon 'continues to perform well financially'. This site is part of Newsquest's audited local newspaper network. RBS was the biggest bank in the world by assets when it failed in 2008. Madeline Serpico US Chief Executive Officer-Multinational Clients. Kieran joined the PFI team as the Lead Facilities Manager in 2022. A PFI panel was set up by Chancellor Ken Clarke as early as 1993. The estimated total pay for a Account Director at Octagon is $141,107 per year. 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. 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. In the same year, Professor Allyson Pollock and colleagues published a paper sounding the alarm over the potentially disastrous consequences of PFI debt and the financialisation of public services. It promotes hate, damages peoples health, and hurts democracy. PFI is the voice of US pet food and treat makers and reports that its . Our verdict The hospital was built using a PFI. Provide Your Feedback on Law Firms. 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. Weightmans LLP > The Legal 500 Rankings Dispute resolution > Professional discipline Tier 1 Further to its June 2022 merger with RadcliffesLeBrasseur LLP, Weightmans LLP's large Pamela works closely with the Property team and other members of the Finance team of PFI. Do you have a story for the investigation unit? Since I completed my GP training in Tower Hamlets, services have disappeared at an alarming rate. The ED probe into PFI's fund flow gathered momentum and culminated in the raids in Kerala after the investigation agency found out the role of Abdul Razaq Peediyakkal alias Abdul Razak B P, who. Salaries posted anonymously by Octagon employees. (712) 4S8-2001. 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. For the purposes of that scheme, weve rated this claim as partly false 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. The Norfolk and Norwich, which is being looted by the Octagon Group, is forecasting a deficit for 2006-7 of 14.8 million! False information has been spread by thousands of people on Facebook, wrongly linking the Blairs to the company behind the PFI contract at the NNUH. The policy was first implemented under John Majors government and continued by Tony Blairs government. MPs on the public accounts committee say Octagon used a refinancing deal of the Norfolk and Norwich PFI (Private Finance Initiative) hospital project to boost the investors return by a gigantic 153 million, and to increase the liability of the hospital trust to 257 million if it needed to terminate the contract early. Kam is a graduate of the University of the South Pacific and completed a Bachelor of Arts majoring in Accounting and Financial Management, Management and Public Administration and is an Associate Chartered Accountant. And why are they asking about it now? Norfolk and Norwich University Hospitals NHS Foundation Trust Arthur South Day Procedure Unit entrance PFI Pellet Wire; Industry Data; Research Partners; Additional Resources; Career Center; Events. She is a graduate of the University of Waikato where she completed her Bachelor of Management Studies with Honours. 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. It seemed too good to be true yet those who dared to question the orthodoxy du jour were swatted away. Guess who two of the Company Directors are = Tony and Cherie Blair ! The new borrowing was at a lower rate of interest and over a longer period, leaving the hospital committed to lease payments for 39 years instead of the original 34, while Octagon increased its rate of return from 19 per cent to 60 per cent. Requires an industry partner. Ultimately, though, the fiat of government legislation is sufficient to overhaul PFI. All this has thrown up searching questions, not least around staff redundancies and pensions, bailouts, inflated dividends and executive remuneration. 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 proposed variation to the PFI contract . Revealed: How shareholders of PFI firm are making millions from cash-strapped Norfolk and Norwich University Hospital Health By Tom Bristow The N&N under construction in July 2001 (l). Yet even in the throes of this PFI and outsourcing crisis, public-private Partnerships (PPP) are far from dead and buried. Collectively our team has over 120 years of property experience, andthe key individuals have extensive experience in the ownership, management and development of industrial property. It promotes hate, damages peoples health, and hurts democracy. As a result of money released from the refinancing, Octagon paid out 11 million in dividends to its shareholders. Octagon Board of Directors. This is not some exceptional example of the unacceptable face of capitalism. 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. Registered in England & Wales | 01676637 |. Prior to joining PFI, she held previous roles in customer service and reception. In January 2019, Craig was appointed asChief Finance and Operating Officer. The consortium which financed NNUH is called Octagon Healthcare. 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? The consortium which financed NNUH is called Octagon Healthcare. 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. Yet there is also an aesthetic and functional brutalism with labyrinthine corridors and sunless, windowless rooms. Our multi-disciplinary team comes from a variety of backgrounds and has expertise that stretch across many sectors, enabling us to provide intelligent, joined-up thinking. Press Association corrects error in reporting on research for prostate cancer test. Semperian Executive Emma Lancaster Managing Director of Assurance Services Becky Brunt Managing Director of Business Support Alan Birch Chief Executive Officer Andrew Rhodes Deputy Chief Executive Jonathan Simpson Chief Finance Officer Gary Brown Chief Operating Officer Richard Little Chief Investment Officer Colin Anderson Group Counsel The executive team reports to the board of directors and is responsible for all investment, property and administration management functions. Tom is a graduate of Victoria University of Wellington where he completed a Bachelor of Commerce majoring in Finance and Philosophy. Listed on 2023-02-23. Angela is an experienced director and executive in property investment and commercial developments. Data returned from the Piano 'meterActive/meterExpired' callback event. das Americas, 3.434 - Gr. From 1999 through to 2017, Dean was Managing Director of Freightways Limited (Freightways). There are currently over 700 PFI contracts and the bulk will start to expire from 2025. According to our data, the highest paying job at Octagon is a VP of Human Resources at $145,000 annually while the lowest paying job at Octagon is an Account Coordinator at $12,000 annually. 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. 06975984) limited by guarantee and registered in England and Wales. Privacy, terms and conditions. This article is part of our work fact checking potentially false pictures, videos and stories on Facebook. 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. 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. Gen provides day-to-day administration and general support for the wider office. During that time, he took Freightways through several ownership changes and by the end of his time as Managing Director, the company had achieved significant growth resulting in a market capitalisation of $1.2 billion. All accounts receivable matters are being handled by Timothy Low in her absence. Nirali is currently on maternity leave until September 2023. 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. However, repayments will reach 7.1bn by 2049. District 2 (North Central): Mark Tjelmeland, 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 !!! All you have to do is review . Privacy, terms and conditions. The Blairs are not and have never been directors of Octagon Healthcare, the company responsible for the PFI. 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. [1] She has more than 35 years of experience in the socio-development sector. Amy Keller, Director of JOOI 4494 Lindell Blvd. Many PFI contracts came with strings attached, facilities maintenance often subcontracted on a long-term basis as part of the deal. The argument went that Labour had inherited public services in such a diabolical state of neglect that there was no alternative to the private financing of whole swathes of infrastructure. It hosts the Norwich GP speciality training scheme. The activities will include leading and undertaking PFI handback support, to include: Review and interpretation of PFI contract handback drafting Guiding and overseeing the 'survey on expiry' A story I wrote in 2016 about how the deal to build the Norfolk and Norwich Hospital (NNUH) has financially crippled it, keeps surfacing at the top of my daily web figures for the EDP. A Daily Telegraph investigation flagged up several egregious examples but this one really stood out: one hospital was charged 52,000 for a job which should have cost 750. Nicked from a FB Friend, he wrote, before sharing that same false information. Pamela joined PFI as Finance Manager in 2020. The Pet Food Institute (PFI) has selected Dana Brooks as the organization's new president and chief executive office. Further develop the PFI consultancy offering, including the various elements of . 1998: Labour government announces a new hospital for Norwich. Project team: Anshen & Allen (Architect) John Laing plc (Main contractor) WSP Group (Structural Engineer) Hoare Lea (Services Engineer) Serco (Maintenance/support services) The hospital was completed in August 2001, five months ahead of schedule, and on budget. Dr Julia Patterson, a spokeswoman for EveryDoctor, which campaigns to improve doctors' working conditions, said the trust's message meant "optimal care is unavailable now for some NHS patients [because] 'the least unsafe option' is the best we can offer. Angela recently joined PFIs Board in February 2023. The process is simple and we do most of the work. All directors are appointed by shareholders at PFI's annual meeting. To save the NHS we must go forward to a workers government. Craig was appointed Chief Financial Officer and Company Secretary of PFI in 2012, and when PFI merged with DPF in 2013, was appointedChief Financial Officer and Company Secretary of the merged entity. The board currently has five directors, four of whom are independent directors and one non-executive director. Pembinaan PFI Sdn. It is a socialist paper and gives particular coverage to Trades Union and International news. The post also claims that NNUH has paid over 50 million a year to rent the hospital, and this will continue until 2037. The university hospital replaced the former, Norfolk and Norwich Hospital, which was founded in 1771, and the West Norwich Hospital. THE Octagon private sector consortium has been branded the unacceptable face of capitalism by a House of Commons committee. Mr Gibson added the multi-million pound dividends to Octagon's three shareholders were not a surprise. The hospital says it is paying Octagon around 57m a year. Another 7.2m, does not appear in the trust's accounts but the hospital said it is paid as an addition to the 'life cycle maintenance' of the PFI. Corporate and commercial. She is also a Chartered Accountant (South Africa). This reduces the scope of savings initiatives,' it said. All in all, fundamental questions are finally being asked about the nature of PFI contracts. PFI is an NZX listed property vehicle focused on the industrial sector. PFI-RP grants are up to $550,000 over 36 months. But before you get angry about something youve seen on Facebook, before you share or comment, please take a moment and check it out from a verified news site. Today's report draws on a survey of public authorities managing PFI contracts, 2 who are largely local bodies such as NHS trusts and local authorities. The management is saying: There is only one way that this jobs massacre can be lessened. She has previously held roles in the property industry. Angela is also a qualified lawyer with significant expertise in environment and property law. Long-time critic of PFI Professor Pollock argues that these mergers will be followed by the final wave of closures in the run-up to privatisation and franchising out. Sue enough, the big four accountancy firms, EY, KPMG, Deloitte and PwC, were present at the inception of PFI. The hospital was built using a PFI. A cornerstone of the cultural scene in Ames since 1966, the Octagon serves more than 30,000 people each year through art classes and outreach, rotating exhibits, a retail gallery shop, and the annual Octagon . But there is another way. And in a 2004 long read for Private Eye the late Paul Foot exposed the seedy underbelly of its history. The hospital won the Building Better Healthcare Award[5] for Best Designed Hospital in September 2002. Theragone ailesi Octagon Odun Mangaln gururla sunar!Keyifli ve lezzetli anlarn olmazsa olmaz Octagon odun mangaln hi byle grmediniz!Theragone ailesi. Our verdict The hospital was built using a PFI. The contract is due to run until 2037. 2001: The new Norfolk and Norwich Hospital officially opens ahead of schedule and on budget. 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. I looked further to find the person who originally posted this false information. The way to deal with their claims for financial liability is to nationalise them under workers control without compensation. Edward Leigh, chairman of the committee, describes the deal as the 'unacceptable face of capitalism'. Carolyn has a background in investment management, capital markets and mergers and acquisitions, having spent six years as a portfolio manager at the Guardians of New Zealand Superannuation, and ten years prior to that in investment banking at Forsyth Barr and First NZ Capital / Credit Suisse. It was a persuasive argument which seduced many. Full Fact is a registered charity (no. This page was last edited on 9 February 2023, at 11:41. 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. The unit is set to increase capacity at the Norfolk and Norwich University Hospital by 25pc.[8]. The Norfolk and Norwich University Hospital (NNUH) is a large National Health Service academic teaching hospital in the Norwich Research Park on the western outskirts of Norwich, England. 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