School repairs left unfinished as firm behind huge PFI contract goes into liquidation
Summary
The company Transform Stoke Schools Ltd (TSSL), responsible for maintaining 88 schools in Stoke-on-Trent, is going into liquidation as a major Private Finance Initiative (PFI) contract ends. This situation has led to concerns about unfinished repairs and unpaid suppliers, with the local council setting aside funds to address these issues.Key Facts
- Transform Stoke Schools Ltd (TSSL) is going into liquidation.
- The company was part of a 25-year Private Finance Initiative (PFI) contract in Stoke-on-Trent, England.
- 88 schools are involved in this contract.
- The contract expired on October 25, leaving some repairs unfinished.
- Schools were already withholding payments due to disputes over work quality and unresolved repairs.
- The Stoke-on-Trent City Council has set aside £3.5 million to address unfinished work.
- The council aims to ensure that school buildings remain safe and of high quality.
- The situation could impact similar PFI contracts across England that are ending soon.
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