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. ALDWYCH CONSULTING LTD. BN25, ENG. Nicked from a FB Friend, he wrote, before sharing that same false information. Dyer currently serves as a director of Liquidity Services and the Grameen Foundation. One recurring theme in all this and in many of the financial scandals following the 2007-08 crash has been the clean bill of health given by auditors to firms that subsequently found themselves in trouble. 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. Whether it's Blair . The ballast sides support your arms while making it easy to fold the chair away when not in use. There are currently over 700 PFI contracts and the bulk will start to expire from 2025. On 11 January 1998, Prime Minister Tony Blair announced the go-ahead for the construction of a 214 million, 809 bed, new hospital in a broadcast from Tokyo on the BBC's Breakfast with Frost show. Guess who two of the Company Directors are = Tony and Cherie Blair ! 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. Browse and apply for the Consulting jobs at Arcadis The executive team reports to the board of directors and is responsible for all investment, property and administration management functions. The activities will include leading and undertaking PFI handback support, to include: Review and interpretation of PFI contract handback drafting. The hospital is part of the Norfolk and Norwich University Hospitals NHS Foundation Trust. 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 !. Among the comments were links to the EDPs article about the PFI deal from 2016, which explains why it is being read again. Inside, the first impression is that it is state of the art. This leadership is the WRP. The subsequent report says the refinancing deal was 'lining investors' pockets' and putting the trust at increased financial risk. Norwich and Norfolk University Hospitals Foundation Trust pays Octagon for use of the hospital and some maintenance fees. 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. From 1999 through to 2017, Dean was Managing Director of Freightways Limited (Freightways). in the PFI second . The past month has seen the demise of construction giant Carillion followed by the collapse of Capitas market value: both firms having built huge empires by providing outsourced services to public authorities. Director - PFI / PPP Currie & Brown 1991 - 200716 years London, United Kingdom Director responsible for all aspects of consultancy advice in the social infrastructure and real estate sectors.. 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. Octagon has a 60-year contract with the hospital to provide it with those non-clinical services. Picture: Archant (Image: Archant 2018). Photo: Parliament TV (Image: Archant). The Octagon was a suitable home for a president. Guess who two of the Company Directors are = Tony and Cherie Blair ! Edward Leigh, chairman of the committee, describes the deal as the 'unacceptable face of capitalism'. [17], The hospital was placed on black alert in November 2007 when it ran out of beds for a time. Shop Similar at AMAZON. Photo: Archant, Norman Lamb, North Norfolk MP. Notice Details. 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. 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. It is one of the largest hospitals in the United Kingdom in terms of in-patient capacity. Full Fact is a registered charity (no. Luke joined PFI as Property Manager in 2019 and was promoted to Senior Property Manager in 2022. inaccuracy or intrusion, then please Quote Tweet. Director - PFI Advisory Zeemac Vehicle Acquisition & Fleet ServicesSouth East, South-East District, Botswana Apply Join or sign in to find your next job Join to apply for the Director - PFI. Professor Pollock tells me that contracts have to be made transparent in order to be scrutinised. To make matters worse for the hospital, the busier it gets, the more it has to pay Octagon and demand on it has soared. Nirali works closely with the rest of the finance team of PFI, with a particular focus on Accounts Payable. search. 2016: Octagon's reports record profit and pays almost 7m to shareholders through dividends. . Profit warnings have been issued for other government contractors, such as Interserve. It hopes to pay Octagon off by 2037 the earliest opportunity it has to end the contract. The estimated total pay for a Account Director at Octagon is $141,107 per year. (712) 466-2473. 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. 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 why does it then wrongly name the Blairs as company directors? Jodie joined PFI as Property Manager in 2012and was promoted to Asset Manager in 2020. 'Otherwise you are stuck with it for years and years.' 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. This reduces the scope of savings initiatives,' it said. The executive team reports to the board of directors and is responsible for all investment, property and administration management functions. 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. Michael joined PFI as a Property Manager in 2021, and is a graduate of the University of Auckland, holding a Bachelor of Property. The proposed variation to the PFI contract is to . Photo: Parliament TV. Associate Director of Estates new Lewisham and Greenwich NHS Trust 3.7 London SE13 Craig is a graduate of Auckland University and is a Chartered Accountant, having trained as an auditor at PwC. [1] She has more than 35 years of experience in the socio-development sector. 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. 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. Anthony's other directorships include Arvida Group Limited. Philip Green, the long-serving chairman, is named, as are Alison Horner (once head of Tesco's Asia division), Andrew Dougal and Ceri Powell. It looms over the ruins of the crumbling Victorian hospital made famous in David Lynchs film The Elephant Man. Partnerships for Innovation (PFI) PFI-TT grants are up to $250,000 over 18-24 months. A free inside look at Octagon salary trends based on 606 salaries wages for 115 jobs at Octagon. 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. Many PFI contracts came with strings attached, facilities maintenance often subcontracted on a long-term basis as part of the deal. The hospital says it is paying Octagon around 57m a year. More. Pamela works closely with the Property team and other members of the Finance team of PFI. 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. contact the editor here. Level 4, Hayman Kronfeld Building contact IPSO here, 2001-2023. For the purposes of that scheme, weve rated this claim as partly false The hospital was reportedly the biggest built using a PFI contract at the time. Director - PFI Advisory Aldwych Consulting Ltd London, England,. Innisfree has made a fortune by investing in PFIs across the UK. 218 Fax: (314) 735-4118 E-mail: youthclubs@optimist.org or amy.keller@optimist.org Do Rishi Sunaks claims about hospital discharge funding stack up? That includes 20.7m in operating expenses and 29m in non-operating expenses the lease, interest and financing the debt to Octagon. However, we observed that some improvements were needed". 1998: Labour government announces a new hospital for Norwich. Rodrigo is responsible for the asset management of a portfolio of PFIs properties as well as major capital projects within the portfolio. Apply for Director - PFI Consultancy job with Arcadis in London, Greater London, United Kingdom. 3 It has found that government does . [21], In March 2014 the N&N, Norfolk's biggest hospital, marked two years of being MRSA free. Under the PFI, a private sector consortium builds and maintains the building and then leases it back to the public sector. These adverts enable local businesses to get in front of their target audience the local community. Angela is also a qualified lawyer with significant expertise in environment and property law. 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.'. Pamela joined PFI as Finance Manager in 2020. Requires an industry partner. Jeremy Corbyn hailed the potential halt of the Lendlease scheme as a victory for municipal socialism, with top-down progressive leadership combining with bottom-up local campaigning to deliver a rare victory for citizens over what are often deemed to be unaccountable corporate interests. [4], The hospital was completed in August 2001, five months ahead of schedule, and on budget. I wanted to ignore them, dismiss them as conspiracy theorists, but surely the renewed interest in an old article and these emails were linked? The Norfolk and Norwich University Hospital has been visited by a number of notable people in public life; On this Wikipedia the language links are at the top of the page across from the article title. 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]. There are many precedents for renationalising privatised services when it is in the public interest. But at the current rate of payment it would take more than 60 years to clear the debt. Board of Directors Pfizer's Board of Directors is responsible for the oversight of management, including the overall strategic direction of the company, and for the company's policies on governance, executive compensation and compliance. Intriguingly, PFI hospitals have been designed with significant numbers of individual rooms as opposed to conventional wards. This is not some exceptional example of the unacceptable face of capitalism. Ewan joined PFI as Asset/Development Manager in 2015and was promoted to Portfolio Manager in 2020. Press Association corrects error in reporting on research for prostate cancer test. ASSISTANT DIRECTOR OF ESTATES AND FACILITIES: FACILITIES MANAGEMENT*. For Professional Investors only. 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.' 2000: The N&N becomes the first big hospital to be built in the NHS under the Private Finance Initiative (PFI). Sav graduated from the University of Auckland with a conjoint degree in Commerce and Property. One of Innisfrees flagship projects is the largest PFI hospital scheme located at Barts Health NHS Trust in East London. There is little mention of the N&N or Octagon in its annual reprt. And he urged the hospital to request money back from Octagon. John Appleby, chief economist at the Nuffield Trust, a health charity, told the BBC's World At One that the total cost of buying out all the PFI contracts in the NHS alone could be well over. Editors' Code of Practice. You can read more about thisand find out how to report Facebook contenthere. https://infogr.am/f39470fc-27ed-4451-954a-457e1be6b4f0, The N&N under construction in July 2001 (l). Ive messaged him, asking why he shared it. In 1997 it appeared to be New Labours magical solution to chronic underinvestment in public services in the wake of Thatcherism. Imagine being whipped into such a frenzy by a Facebook post, which you havent even bothered to check the accuracy of. The post also claims that NNUH has paid over 50 million a year to rent the hospital, and this will continue until 2037. All Simon Woodhams Craig Peirce Ewan Cameron Sarah Beale Anthony Beverley David Thomson Greg Reidy Craig has nearly two decades of property industry experience, having previously spent six years in London working in property funds management at LaSalle Investment Management and General Electric Real Estate. Those ads you do see are predominantly from local businesses promoting local services. That this is completely unacceptable and has to be dealt with is obvious. The Norfolk and Norwich University Hospital. What you will be doing. Far from being the unacceptable face of capitalism, this is just finance capital at work, the real face of capitalism, exploiting health care as a commodity to be bought and sold, and gearing up for a completely privatised NHS. Privacy, terms and conditions. The Trust told senior doctors, "We would like you to know that the trust will support you in making difficult decisions that may be the least unsafe decision, and we would appreciate your cooperation over the coming days with this". She previously held a variety of roles across property finance, risk, compliance and governance in the banking sector. This site is part of Newsquest's audited local newspaper network. Prior to joining PFI, she held roles in hospitality, retail and travel. Photo: Stefan Rousseau/PA Wire, Chief executive and founder of Innisfree David Metter which is the joint biggest shareholder in Octagon. In fact, this PFI consists of two schemes. 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. Email tom.bristow@archant.co.uk, This website and associated newspapers adhere to the Independent Press Standards Organisation's Furthermore, the catch-all of commercial confidentiality has erected a firewall. Defense Agency Overview. To save the NHS we must go forward to a workers government. This year it is paying the firm which built it 57m under the PFI deal. 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. This was true as of the year 2017-2018, with payment charge for that year recorded as 59 million. 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. PFI Panel board bd Power Factor Improvement Panel Board bd . The text on the post reads: Tony Blair announced the building of the new Norfolk & Norwich Hospital on 11/1/1998. Luke is responsible for property management at PFI. Pamela has completed a Bachelor of Commerce degree from the University of Auckland and is a Chartered Accountant. District 1 (Northwest): Ken Wise, 3566 280th St., Lytton, lA 50561-7574. Poonam Muttreja is the executive director of the Population Foundation of India. Octagon sub-contracts those day-to-day services to Serco. 15 Galway Street 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. Golf Clients . This was true as of the year 2017-2018, with payment charge for that year recorded as 59 million. 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. This is clearly beneficial for patients and reduces the risk of transmission of infections. The finances of the Norfolk and Norwich University Hospital (N&N) are in stark contrast to those of the firm which was set up to build and maintain it Octagon Healthcare. All accounts receivable matters are being handled by Timothy Low in her absence. North Norfolk MP and former health minister Norman Lamb said the profits made by Octagon were a 'disgrace'. Photo: Stefan Rousseau/PA Wire (Image: The Press Association). The London Underground public-private partnership saw the bankruptcy of private company Metronet, with the Government forced to step in and bring the upgrade back into public hands. RBS was the biggest bank in the world by assets when it failed in 2008. Innisfree a fund management company in the City of London is amongst the biggest players in the PFI market. . (Paragraph 2.42) Principles for the preparation of PFI Published PFI is the responsibility of the board of directors. The hospital trust can terminate the PFI deal with Octagon in either 2037, 2042 or 2052. Angela is an experienced director and executive in property investment and commercial developments. Its chief executive, Alan Birch, has previousy defended PFIs. Newsquest Media Group Ltd, Loudwater Mill, Station Road, High Wycombe, Buckinghamshire. And in a 2004 long read for Private Eye the late Paul Foot exposed the seedy underbelly of its history. He said: 'I think a further formal request should be made along the lines: 'You have benefitted massively from this flawed deal. Director, PFI and PVC (since 2023) Trustee, PDSRA and PETF (since 2023) . 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. The domino effect has shades of the 2007-08 financial crisis even though it is clearly not of the same magnitude. Kieran joined the PFI team as the Lead Facilities Manager in 2022. It mutated into a taskforce inside HM Treasury and was eventually rebranded as Partnerships UK. Mr Prices post has had 3,500 shares and more than 500 comments, mainly insulting the Blairs. Guess who two of the Company Directors are = Tony and Cherie Blair ! Beyond seemingly populist rhetoric, the real story of PFI reveals that RBS alongside other global banks, notably HSBC, were instrumental in what Sir Howard has effectively labelled a great heist. Starting salary from 53,353 per annum, dependant on skills and experience, with an annual Posted 7 days ago Director of Estates and Facilities Royal Cornwall Hospitals NHS Trust 3.6 Truro Permanent Anthony is a professional director and consultant, consulting to both the private and public sector on a wide variety of property matters. Pembinaan PFI Sdn. In October 2018, government announced it would no longer use PFI. "The PFI would like to congratulate Tracey Forfa on being named the new director of the FDA's CVM," said Dana Brooks, president and chief executive officer of PFI. Want to bookmark your favourite articles and stories to read or reference later? Meanwhile, dividends to Octagon's shareholders were up 35pc last year from just under 5m in 2014 and have increased by 700pc since 2013 when they were 834,000. 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? This year. Prior to joining PFI, she has held roles in various industries including the private equity industry in London and shopping centres portfolio in New Zealand. The majority shareholder in Innisfree is Jersey-based Coutts & Co, which in turn is part of the RBS group. However this plays out, it looks like the stage is set for the final act of the PFI story. Amy Keller, Director of JOOI 4494 Lindell Blvd. 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. 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