INPP transfers most Carillion FM contracts to new providers

International Public Partnerships will incur a cost of no more than £1.5m from the collapse of Carillion and said there was "no impact" on the public availability at the 24 public sector facilities affected.

INPP, an infrastructure investment company where the portfolio includes police stations, hospitals, schools, HMRC offices and offshore wind farms, had transferred 22 of the facilities management services contracts over to new providers by the end of April, representing just 3% of its total 129-project portfolio's fair value.

Of this, 14 locations have new permanent basis and in the case of eight facilities this has been done on an interim basis but with INPP expecting the transferee will take a permanent transfer shortly.

"Services have continued to be provided in line with contract specifications at all the affected facilities and there has been no impact on the availability of the facilities to their public sector users," the FTSE 250 group said.

Investment adviser Amber Infrastructure Group has kept in touch with all the affected users and INPP said it believed "there has been no adverse impact on public services as a result".

At the remaining two facilities services continue to be provided via the liquidator, with new commercial terms agreed on no worse financial terms than before but seeing consent first from the relevant local authority.