On 1st February with the collapse of Operon, the FM provider to the Aberdeen 3Rs Schools project, Monteith Steen was asked to step in at a moments notice to protect the project from failing.
“We have been supporting NYOP since early 2009 through a period of instability arising from the banking collapse through to the refinancing of the project in July 2009. Since then have been engaged in managing the SPV for the shareholders.
Overnight Operon went into administration and the project was left with no FM provider, no staff and no suppliers. It was a difficult situation, the only way that the project could continue was if we were to support NYOP by embedding some of our staff into the project. We advised NYOP in the retention of Operon’s staff who effectively TUPE transferred to NYOP with no loss of service to the Council. The Senior Manager role, all procurement, accounting, HR and payroll, are now undertaken by Monteith Steen for the FM services delivered to the schools.”
Alan Steen, Partner