Teesside-2
Join Date: Apr 2004
Location: Tees Valley, UK
Age: 32
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Join Date: Apr 2004
Location: Tees Valley, UK
Age: 32
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So taxpayers are not to care about Newcastle but we should be up in arms about Teesside with a 10 year plan to return to profit? At least make it make sense
Join Date: Nov 2022
Location: UK
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You make yourself look very childish referring to His Majesties opposition as Liebour.
You dont have to support any particular party to spot BS.
You dont have to support any particular party to spot BS.
Last edited by Grumpy1; 14th Jan 2023 at 17:46.
Join Date: Jan 2013
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When will the million pound losses stop?
Teesside published their accounts on the 14th Dec 2022, but I couldn't see a time frame when the mayor or his staff expect to be in profit instead of a ten million loss each year?
https://find-and-update.company-info...filing-history
How many friend of a friend companies are being paid by the money man out of the tax payers money? Anyone got a company name for the security firm and other people who are being paid thousands each year?
https://find-and-update.company-info...filing-history
How many friend of a friend companies are being paid by the money man out of the tax payers money? Anyone got a company name for the security firm and other people who are being paid thousands each year?
Join Date: Jul 2003
Location: North East
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Teesside published their accounts on the 14th Dec 2022, but I couldn't see a time frame when the mayor or his staff expect to be in profit instead of a ten million loss each year?
https://find-and-update.company-info...filing-history
How many friend of a friend companies are being paid by the money man out of the tax payers money? Anyone got a company name for the security firm and other people who are being paid thousands each year?
https://find-and-update.company-info...filing-history
How many friend of a friend companies are being paid by the money man out of the tax payers money? Anyone got a company name for the security firm and other people who are being paid thousands each year?
Join Date: Dec 2021
Location: Teesside
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The size of the loss this past couple of years has included investment spending, so have to take that into account when looking at the figures.
Last edited by Harold77; 14th Jan 2023 at 22:35. Reason: Added bit extra.
24-25 into profit..not sure that will get met!…in fact I’m sure it won’t.
So what would be plan B ?
I’m sure I read in the accounts that £60 million is the outstanding Debt.Would that have to be paid off before a profit is announced?
Or is it yearly operating profit?
So what would be plan B ?
I’m sure I read in the accounts that £60 million is the outstanding Debt.Would that have to be paid off before a profit is announced?
Or is it yearly operating profit?
Join Date: Jul 2003
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24-25 into profit..not sure that will get met!…in fact I’m sure it won’t.
So what would be plan B ?
I’m sure I read in the accounts that £60 million is the outstanding Debt.Would that have to be paid off before a profit is announced?
Or is it yearly operating profit?
So what would be plan B ?
I’m sure I read in the accounts that £60 million is the outstanding Debt.Would that have to be paid off before a profit is announced?
Or is it yearly operating profit?
The debt is mostly the loans, the figure to look at is the equity, the debt against the asset. At the last set of accounts it stood at -£10m (that figure at the time is a little high too as there is a provision for liability that may never materialise of £3m too) meaning that the debts are more than the assets, but this is an asset that is owned by that office so they have in a crude way only spent £10million on the place. As if it were to go under they would still own the asset. Or as was said it would be turned into housing/commerical development again owned by the Tees Valley Mayoral office.
Join Date: Jan 2013
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As far as I remember it was operating profit which would be used to repay the loans to the Tees Valley mayoral office.
The debt is mostly the loans, the figure to look at is the equity, the debt against the asset. At the last set of accounts it stood at -£10m (that figure at the time is a little high too as there is a provision for liability that may never materialise of £3m too) meaning that the debts are more than the assets, but this is an asset that is owned by that office so they have in a crude way only spent £10million on the place. As if it were to go under they would still own the asset. Or as was said it would be turned into housing/commerical development again owned by the Tees Valley Mayoral office.
The debt is mostly the loans, the figure to look at is the equity, the debt against the asset. At the last set of accounts it stood at -£10m (that figure at the time is a little high too as there is a provision for liability that may never materialise of £3m too) meaning that the debts are more than the assets, but this is an asset that is owned by that office so they have in a crude way only spent £10million on the place. As if it were to go under they would still own the asset. Or as was said it would be turned into housing/commerical development again owned by the Tees Valley Mayoral office.
Someone needs to investigate how the public assets are being given away to private operators? Remember its tax payers money that bought the airport off Peel. Losing £13m a year of the same public money is crazy.
Join Date: Jul 2003
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I still think the way the current mayor is handing over assets and land to private companies will be what happens to the rest of Teesside.
Someone needs to investigate how the public assets are being given away to private operators? Remember its tax payers money that bought the airport off Peel. Losing £13m a year of the same public money is crazy.
Someone needs to investigate how the public assets are being given away to private operators? Remember its tax payers money that bought the airport off Peel. Losing £13m a year of the same public money is crazy.
Do you have any evidence? I'm not saying private companies haven't been set up outside of the TVCA but are these companies owning the asset or are these companies just operators of the asset?
Join Date: Nov 2022
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Only this week the MP for Stockton stood up in Parliament and asked for a enquiry into the desision to hand the assets of the Teesworks to the Mayors donors who are now alleged to be receiving income that the taxpayer may have expected. The Mayor responded with abuse rather than invite scrutiny. It is reported that the south side development was handed over in a similar way. A little more transparency would be healthy.
Private Eye produced another detailed report this week with criticisms of the Mayor, raising concerns of what has been occurring.
Private Eye produced another detailed report this week with criticisms of the Mayor, raising concerns of what has been occurring.
Yes Private Eye are certainly like Bloodhounds on the trail!
Experience tells us they usually aren’t a million miles away from the truth when they sense perceived unfairness or strange irregularities!
Think they are concentrating more on Tees-works and the Freeport than the airport? But the amount of money spent on the facilities have been mentioned.
Experience tells us they usually aren’t a million miles away from the truth when they sense perceived unfairness or strange irregularities!
Think they are concentrating more on Tees-works and the Freeport than the airport? But the amount of money spent on the facilities have been mentioned.
Only this week the MP for Stockton stood up in Parliament and asked for a enquiry into the desision to hand the assets of the Teesworks to the Mayors donors who are now alleged to be receiving income that the taxpayer may have expected. The Mayor responded with abuse rather than invite scrutiny. It is reported that the south side development was handed over in a similar way. A little more transparency would be healthy.
Private Eye produced another detailed report this week with criticisms of the Mayor, raising concerns of what has been occurring.
Private Eye produced another detailed report this week with criticisms of the Mayor, raising concerns of what has been occurring.
https://www.developmentmanagement.st...=R6MES7PK00900
Join Date: Dec 2014
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Whilst you expect a certain level of aviation-based criticism, some on here need to take their whining elsewhere. If anyone has a problem with how much money we're getting, where it's being spent or who the Mayor is giving what to, I would suggest this is not the forum for you
Join Date: Dec 2021
Location: Teesside
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