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Post by kris on Apr 30, 2018 11:19:21 GMT
So is cart really selling off a dead cert income in the marinas (BWML.) to speculate in out of town retail property? I can't quite believe this is happening without much protest from boaters. Is this the direction the majority of boaters think that the navigation authority ought to be going?
it would seem the vast majority of boating groups are going along with it, this is what I find it hard to believe.
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Post by Deleted on Apr 30, 2018 11:21:24 GMT
what are they looking to purchase?
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Post by kris on Apr 30, 2018 12:20:56 GMT
what are they looking to purchase? You would have to ask cart, at the moment I think it's all speculation. But it's the reason given for the sale of the marinas plus the borrowing of 150million from the money markets. So they must be planing to buy something. |
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Post by Deleted on Apr 30, 2018 13:27:36 GMT
this thread isn't really making much sense?
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Post by Deleted on Apr 30, 2018 13:49:22 GMT
CRT are buying Toys R Us.
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Post by kris on Apr 30, 2018 14:15:15 GMT
CRT are buying Toys R Us. No maplins or is it carpet right? |
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Post by naughtyfox on Apr 30, 2018 15:59:06 GMT
Why don't CRT invest everything they have in Ryanair scratchcards?
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Post by Deleted on Apr 30, 2018 20:25:07 GMT
Why don't CRT invest everything they have in Ryanair scratchcards? I'm sure there is some sort of joke there but as I have not been in an aircraft since 1993 I don't know what it is. |
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Post by Allan on Apr 30, 2018 21:19:01 GMT
So is cart really selling off a dead cert income in the marinas (BWML.) to speculate in out of town retail property? I can't quite believe this is happening without much protest from boaters. Is this the direction the majority of boaters think that the navigation authority ought to be going? it would seem the vast majority of boating groups are going along with it, this is what I find it hard to believe. The short answer is that BWML is not profitable. The longer answer is that BWML does not provide 'dead cert' income. Indeed, it hardly provides any income above that which C&RT would receive if sold to a third party. C&RT has a significant financial investment in BWML. It is quite probable that this will not be fully recovered on sale. |
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Post by kris on May 1, 2018 7:10:49 GMT
So is cart really selling off a dead cert income in the marinas (BWML.) to speculate in out of town retail property? I can't quite believe this is happening without much protest from boaters. Is this the direction the majority of boaters think that the navigation authority ought to be going? it would seem the vast majority of boating groups are going along with it, this is what I find it hard to believe. The short answer is that BWML is not profitable. The longer answer is that BWML does not provide 'dead cert' income. Indeed, it hardly provides any income above that which C&RT would receive if sold to a third party. C&RT has a significant financial investment in BWML. It is quite probable that this will not be fully recovered on sale. thats funny by last years figures BWML had a turn over of just over 6million of which Crt received £1.45 million. Or is that a non profitable business nowdays? I'm sure it's more of a dead cert earner than out of town retail property that every other company is getting out of. Surely the significant investment was from the public purse so not crt's at all? |
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Post by naughtyfox on May 1, 2018 7:34:24 GMT
Why don't CRT invest everything they have in Ryanair scratchcards? I'm sure there is some sort of joke there but as I have not been in an aircraft since 1993 I don't know what it is.  Scratch and Lose |
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Post by Allan on May 2, 2018 14:46:44 GMT
The short answer is that BWML is not profitable. The longer answer is that BWML does not provide 'dead cert' income. Indeed, it hardly provides any income above that which C&RT would receive if sold to a third party. C&RT has a significant financial investment in BWML. It is quite probable that this will not be fully recovered on sale. thats funny by last years figures BWML had a turn over of just over 6million of which Crt received £1.45 million. Or is that a non profitable business nowdays? I'm sure it's more of a dead cert earner than out of town retail property that every other company is getting out of. Surely the significant investment was from the public purse so not crt's at all? Sorry Kris, I missed your post. BWML was set up by BW many years ago due to complaints from the trade of 'unfair practices'. It was created as an 'arms length' limited company. What many do not realise is BWML owns very few of the marinas it operates. It pays market rate rent under operating agreements to C&RT. This would not change if BWML was sold to a third party. BWML is financed by BW/C&RT purchasing shares. Money is (supposedly) returned via payment of dividends. More recently, money is returned as a donation which attracts gift aid which is more tax efficient. Turnover was £8.1m last year (2016/17) and BWML supposedly made a gift aided donation of £1.825m (not £1.4m)returned However, whilst the £8.1m appears in C&RT's accounts the £1.825m does not. As far as I can tell, donation payments have been deferred. |
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Post by Deleted on May 2, 2018 15:46:38 GMT
thats funny by last years figures BWML had a turn over of just over 6million of which Crt received £1.45 million. Or is that a non profitable business nowdays? I'm sure it's more of a dead cert earner than out of town retail property that every other company is getting out of. Surely the significant investment was from the public purse so not crt's at all? Sorry Kris, I missed your post. BWML was set up by BW many years ago due to complaints from the trade of 'unfair practices'. It was created as an 'arms length' limited company. What many do not realise is BWML owns very few of the marinas it operates. It pays market rate rent under operating agreements to C&RT. This would not change if BWML was sold to a third party. BWML is financed by BW/C&RT purchasing shares. Money is (supposedly) returned via payment of dividends. More recently, money is returned as a donation which attracts gift aid which is more tax efficient. Turnover was £8.1m last year (2016/17) and BWML supposedly made a gift aided donation of £1.825m (not £1.4m)returned However, whilst the £8.1m appears in C&RT's accounts the £1.825m does not. As far as I can tell, donation payments have been deferred. Gift Aid could be considered a tax avoidance scheme under these circumstances - especially if BWML was sold to a 'profit making' company and the same financial relationship existed. |
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Post by thebfg on May 2, 2018 17:54:59 GMT
so. would cart remain owners of the marina and in reality they are just putting an operated in to run them and cart just it back and collect the rent.
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Post by Allan on May 2, 2018 22:17:11 GMT
so. would cart remain owners of the marina and in reality they are just putting an operated in to run them and cart just it back and collect the rent. Yes. |
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