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Post by Deleted on Mar 2, 2018 13:56:28 GMT
If C&RT sell off all 'extraneous business' like marinas, pubs, boat yards etc, and then use the funds to finance the maintenance and even upgrade of the system, is that a bad thing?
Surely we would wish them to focus entirely on core business, being the maintenance of the system?
A genuine question.
I am trying to understand the objections.
Rog
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Post by Deleted on Mar 2, 2018 13:58:49 GMT
If C&RT sell off all 'extraneous business' like marinas, pubs, boat yards etc, and then use the funds to finance the maintenance and even upgrade of the system, is that a bad thing? Surely we would wish them to focus entirely on core business, being the maintenance of the system? A genuine question. I am trying to understand the objections. Rog I agree that it could be a good thing, however, will they spunk the money on more silly signs, open days, company cars, pensions....
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Post by JohnV on Mar 2, 2018 14:00:01 GMT
If C&RT sell off all 'extraneous business' like marinas, pubs, boat yards etc, and then use the funds to finance the maintenance and even upgrade of the system, is that a bad thing? Surely we would wish them to focus entirely on core business, being the maintenance of the system? A genuine question. I am trying to understand the objections. Rog My objection would be that they are replacing an income that would continue supporting the system for many years for a short term cash injection. There is no possibility of replacing that income stream ....... once gone, it's gone.
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Post by Deleted on Mar 2, 2018 14:02:31 GMT
Yes I get that.
But some would argue that financing external business is diverting much needed funds (and perhaps expertise) away from maintenance.
I'm unsure which is the answer.
Rog
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Post by Deleted on Mar 2, 2018 14:07:04 GMT
Yes I get that. But some would argue that financing external business is diverting much needed funds (and perhaps expertise) away from maintenance. I'm unsure which is the answer. Rog Ultimately, the property portfolio was envisaged as the replacement for government funding. The fact that they are flogging it all, and failing to buy anything new speaks volumes. Any income from the portfolio is supposedly being 're invested, and is not being used presently to maintain any canal or navigation.
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Post by kris on Mar 2, 2018 14:20:24 GMT
Yes I get that. But some would argue that financing external business is diverting much needed funds (and perhaps expertise) away from maintenance. I'm unsure which is the answer. Rog as regards BWML it's not diverting any funds or expertise away from maintenance. Not only is it self funding, but makes money for crt. Although the amount seems small compared to the profits it makes. So I would have thought it's a no brainer, just let it keep doing what it's doing and keep collecting the money.
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Post by Deleted on Mar 2, 2018 14:22:13 GMT
Has anyone got basic figures that show how much they receive from boat licences, how much from government funding and ho much from moorings, then where it goes?
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Post by Deleted on Mar 2, 2018 14:24:57 GMT
Has anyone got basic figures that show how much they receive from boat licences, how much from government funding and ho much from moorings, then where it goes? link
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Post by kris on Mar 2, 2018 14:25:39 GMT
Has anyone got basic figures that show how much they receive from boat licences, how much from government funding and ho much from moorings, then where it goes? its available in their accounts although it's about as clear as mud. I showed one years to an accountant he couldn't believe they get away with what they publish.
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Post by Deleted on Mar 2, 2018 17:08:01 GMT
Long, showy, publication, but with limited detail.
If I'm reading it correctly BWML provide over 8million in profit.
I can see no mention of selling off BWML despite reference to their 10 year plan.
I'll read again later, and see if I can make any more sense of it, but thanks for the link.
Rog
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Post by kris on Mar 2, 2018 17:12:36 GMT
Long, showy, publication, but with limited detail. If I'm reading it correctly BWML provide over 8million in profit. I can see no mention of selling off BWML despite reference to their 10 year plan. I'll read again later, and see if I can make any more sense of it, but thanks for the link. Rog As I understand it they made just over 8million but gave crt just under 1.5 million.
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Post by Deleted on Mar 2, 2018 17:30:39 GMT
If I have understood correctly, the 8m is income not profit, you then have to take away the expenses plus taxes to get to the profit.
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Post by Deleted on Mar 2, 2018 17:42:47 GMT
Doesnβt seem a very good return does it
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Post by Deleted on Mar 2, 2018 17:54:05 GMT
Next thing is they'll be contracting out "waterside moorings". I can see no other reason for branding the CRT long term and residential moorings in this way other than to make them attractive to investors.
I don't understand enough about business to really know what franchising means but it seems there is some profit to be had from on line moorings given sensible management.
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Post by Deleted on Mar 2, 2018 18:11:36 GMT
Doesnβt seem a very good return does it Impossible to say unless you know the value of BWML marinas.
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