Originally Posted by IO540
UK AOPA has massively valuable London premises, which don't give it any benefit other than appreciation in value but as with any property this is not realised until you sell up. They don't need to be based there at all.
IO, I made that point myself in one of the recurring "Why AOPA?" threads a few months ago -
this one on the AOPA website itself:
Premises in Cambridge Street. Why? It is clearly not a cheap site, so a significant proportion of the AOPA UK income will inevitably be going on its upkeep. I could almost understand a central London location when the CAA were at Kingsway, but now?
This was the response:
The upkeep of the premises is dwarfed by the appreciation of the asset.
Which didn't really answer the point!