Co-operative Bank plc Market Analysis and Commercial Due Diligence

31st July 2014

We undertook an independent assessment of the medium to long-term financial viability of a residual waste treatment facility in the South West of England.

The work assessed the likely future waste arisings and potential likelihood of availability of feedstock from local authority and commercial collections within a defined catchment area, factored against current and potentially forthcoming competitor threats.

Based on likely mass flows, an assessment was made of potential gate fee income and the costs and revenues associated with the plant’s material output streams to inform the bank’s investment decision.