Council could give £40million loan to company in bid to lure it to Omega

Warrington Guardian: Council could give £40million loan to company in bid to lure it to Omega Council could give £40million loan to company in bid to lure it to Omega

A MAJOR online retailer could be given a £42 million loan from Warrington Borough Council to help fund a new base on Omega.

The council is investigating the possibility of offering the money to The Hut Group to help them build a new regional distribution centre in the town.

A report heard in private at the last executive board meeting, seen by the Warrington Guardian, says the company has also been offered funding from developers at Manchester Airport’s site offering a loan should they relocate there.

But the council believes that it could match it’s rival’s offer currently on the table, but has no plans to offer any further incentives should an enhanced offer come in from the Manchester Airport bid.

The Northwich-based company runs a variety of websites such as HQhair.com, probikekit.com and myprotein.com selling branded goods predominantly in the lifestyle category.

It also has its own thehut.com website offering a variety of brands.

An initial assessment of the scheme picks out a number of areas of risk with the project including competitive markets and that the company had modest profit levels of £300,000 in 2012/13 after posting a loss of £12.7 million the previous year.

But growth at the business has been increasing with total sales reached £145.3 million in their last financial year - an increase of 30.4 per cent on the previous figures.

Council leader Clr Terry O’Neill (LAB - Burtonwood and Winwick) said: “It’s a company that has expressed interest in going on Omega and we had to put something forward in principle.

“It is not a decision that has been made or we have committed to.”

Other authorities have used council money to help businesses set up in their area.

Council loans come with more favourable terms than available from banks.

And if the move goes ahead the new unit will bring up to 2,000 jobs to the town and increased business rates.

“It could be ensuring investment on Omega and the jobs,” added Clr O’Neill.

Comments (29)

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9:24am Fri 28 Mar 14

grey_man says...

So the council is offering to loan £40 million quid plus to a recently established internet retailer that made a loss running to millions last year and which has made a modest profit this year? And it is doing so at a low rate of interest.

What could possibly go wrong?
So the council is offering to loan £40 million quid plus to a recently established internet retailer that made a loss running to millions last year and which has made a modest profit this year? And it is doing so at a low rate of interest. What could possibly go wrong? grey_man
  • Score: 17

9:31am Fri 28 Mar 14

GRUMPY PARENT says...

grey_man wrote:
So the council is offering to loan £40 million quid plus to a recently established internet retailer that made a loss running to millions last year and which has made a modest profit this year? And it is doing so at a low rate of interest.

What could possibly go wrong?
What makes me laugh grey is they already have 2 massive warehouses on the Appleton Throrne Trading Estate. So why loan them this money when they are already in Warrington?
[quote][p][bold]grey_man[/bold] wrote: So the council is offering to loan £40 million quid plus to a recently established internet retailer that made a loss running to millions last year and which has made a modest profit this year? And it is doing so at a low rate of interest. What could possibly go wrong?[/p][/quote]What makes me laugh grey is they already have 2 massive warehouses on the Appleton Throrne Trading Estate. So why loan them this money when they are already in Warrington? GRUMPY PARENT
  • Score: 16

9:54am Fri 28 Mar 14

grey_man says...

GRUMPY PARENT wrote:
grey_man wrote:
So the council is offering to loan £40 million quid plus to a recently established internet retailer that made a loss running to millions last year and which has made a modest profit this year? And it is doing so at a low rate of interest.

What could possibly go wrong?
What makes me laugh grey is they already have 2 massive warehouses on the Appleton Throrne Trading Estate. So why loan them this money when they are already in Warrington?
What's truly amazing is they're apparently so skint that they have to withdraw transport services for the disabled and charge people to park near local shops, yet can find tens of millions of pounds to offer to a loss-making company that operates in a notoriously volatile and precarious business sector.

Seriously, what the hell is wrong with them?
[quote][p][bold]GRUMPY PARENT[/bold] wrote: [quote][p][bold]grey_man[/bold] wrote: So the council is offering to loan £40 million quid plus to a recently established internet retailer that made a loss running to millions last year and which has made a modest profit this year? And it is doing so at a low rate of interest. What could possibly go wrong?[/p][/quote]What makes me laugh grey is they already have 2 massive warehouses on the Appleton Throrne Trading Estate. So why loan them this money when they are already in Warrington?[/p][/quote]What's truly amazing is they're apparently so skint that they have to withdraw transport services for the disabled and charge people to park near local shops, yet can find tens of millions of pounds to offer to a loss-making company that operates in a notoriously volatile and precarious business sector. Seriously, what the hell is wrong with them? grey_man
  • Score: 19

10:16am Fri 28 Mar 14

Daz@SankeyviaOrford says...

I hope WBC have the sence to get the relivant securities on this if goes a head. Very risky !
I hope WBC have the sence to get the relivant securities on this if goes a head. Very risky ! Daz@SankeyviaOrford
  • Score: 3

10:46am Fri 28 Mar 14

PageA says...

So we're going to invest millions on this site that's going to be the nuts and loads of companies are going to relocate to Warrington and employ thousands of people because it's such a great project with fab transport networks....how did we get from that to we're going to pay people millions to come here? I appreciate that some of the people behind this project will have serious egg on their faces if it isn't the success that they'd promised but paying people to come doesn't make sense to me.
So we're going to invest millions on this site that's going to be the nuts and loads of companies are going to relocate to Warrington and employ thousands of people because it's such a great project with fab transport networks....how did we get from that to we're going to pay people millions to come here? I appreciate that some of the people behind this project will have serious egg on their faces if it isn't the success that they'd promised but paying people to come doesn't make sense to me. PageA
  • Score: 7

12:18pm Fri 28 Mar 14

Karlar says...

grey_man wrote:
GRUMPY PARENT wrote:
grey_man wrote:
So the council is offering to loan £40 million quid plus to a recently established internet retailer that made a loss running to millions last year and which has made a modest profit this year? And it is doing so at a low rate of interest.

What could possibly go wrong?
What makes me laugh grey is they already have 2 massive warehouses on the Appleton Throrne Trading Estate. So why loan them this money when they are already in Warrington?
What's truly amazing is they're apparently so skint that they have to withdraw transport services for the disabled and charge people to park near local shops, yet can find tens of millions of pounds to offer to a loss-making company that operates in a notoriously volatile and precarious business sector.

Seriously, what the hell is wrong with them?
It's not their money so what the hell? They will be out of office by the time it's a done deal and then they will blame it on someone else and so it goes on...and on.
[quote][p][bold]grey_man[/bold] wrote: [quote][p][bold]GRUMPY PARENT[/bold] wrote: [quote][p][bold]grey_man[/bold] wrote: So the council is offering to loan £40 million quid plus to a recently established internet retailer that made a loss running to millions last year and which has made a modest profit this year? And it is doing so at a low rate of interest. What could possibly go wrong?[/p][/quote]What makes me laugh grey is they already have 2 massive warehouses on the Appleton Throrne Trading Estate. So why loan them this money when they are already in Warrington?[/p][/quote]What's truly amazing is they're apparently so skint that they have to withdraw transport services for the disabled and charge people to park near local shops, yet can find tens of millions of pounds to offer to a loss-making company that operates in a notoriously volatile and precarious business sector. Seriously, what the hell is wrong with them?[/p][/quote]It's not their money so what the hell? They will be out of office by the time it's a done deal and then they will blame it on someone else and so it goes on...and on. Karlar
  • Score: 8

12:23pm Fri 28 Mar 14

GRUMPY PARENT says...

PageA wrote:
So we're going to invest millions on this site that's going to be the nuts and loads of companies are going to relocate to Warrington and employ thousands of people because it's such a great project with fab transport networks....how did we get from that to we're going to pay people millions to come here? I appreciate that some of the people behind this project will have serious egg on their faces if it isn't the success that they'd promised but paying people to come doesn't make sense to me.
Agree, surely the fact that Warrington is the ideal location for a companies hub should be enough to attract them. Warrington is located in the middle of the UK with direct links to the M6, M62 and M56. We shouldn't be paying these companies to come here they will naturally want to come here it makes logistical sense. Stobart, TDG, Asda, Norbert and many others are all here why do you think that is? They will all come but it doesn't have to be at our cost!
[quote][p][bold]PageA[/bold] wrote: So we're going to invest millions on this site that's going to be the nuts and loads of companies are going to relocate to Warrington and employ thousands of people because it's such a great project with fab transport networks....how did we get from that to we're going to pay people millions to come here? I appreciate that some of the people behind this project will have serious egg on their faces if it isn't the success that they'd promised but paying people to come doesn't make sense to me.[/p][/quote]Agree, surely the fact that Warrington is the ideal location for a companies hub should be enough to attract them. Warrington is located in the middle of the UK with direct links to the M6, M62 and M56. We shouldn't be paying these companies to come here they will naturally want to come here it makes logistical sense. Stobart, TDG, Asda, Norbert and many others are all here why do you think that is? They will all come but it doesn't have to be at our cost! GRUMPY PARENT
  • Score: 5

1:33pm Fri 28 Mar 14

grey_man says...

PageA wrote:
So we're going to invest millions on this site that's going to be the nuts and loads of companies are going to relocate to Warrington and employ thousands of people because it's such a great project with fab transport networks....how did we get from that to we're going to pay people millions to come here? I appreciate that some of the people behind this project will have serious egg on their faces if it isn't the success that they'd promised but paying people to come doesn't make sense to me.
They'll have more than egg on their face if this goes ahead then goes belly up. They'll have squandered potentially tens of millions of pounds that doesn't belong to them.
[quote][p][bold]PageA[/bold] wrote: So we're going to invest millions on this site that's going to be the nuts and loads of companies are going to relocate to Warrington and employ thousands of people because it's such a great project with fab transport networks....how did we get from that to we're going to pay people millions to come here? I appreciate that some of the people behind this project will have serious egg on their faces if it isn't the success that they'd promised but paying people to come doesn't make sense to me.[/p][/quote]They'll have more than egg on their face if this goes ahead then goes belly up. They'll have squandered potentially tens of millions of pounds that doesn't belong to them. grey_man
  • Score: 2

3:21pm Fri 28 Mar 14

old-codger says...

grey_man wrote:
GRUMPY PARENT wrote:
grey_man wrote:
So the council is offering to loan £40 million quid plus to a recently established internet retailer that made a loss running to millions last year and which has made a modest profit this year? And it is doing so at a low rate of interest.

What could possibly go wrong?
What makes me laugh grey is they already have 2 massive warehouses on the Appleton Throrne Trading Estate. So why loan them this money when they are already in Warrington?
What's truly amazing is they're apparently so skint that they have to withdraw transport services for the disabled and charge people to park near local shops, yet can find tens of millions of pounds to offer to a loss-making company that operates in a notoriously volatile and precarious business sector.

Seriously, what the hell is wrong with them?
No money for Dial a ride, No money for pot holes, No money to upgrade public toilets, Council tax up 1.9%, Council donating £225.000 towards upgrading sankey canal, £7 million loan to St Helens housing association, Over £1 million loan to build a road on the Omega industrial estate, £2 million upgrading the town hall gardens and bank park ????. There is something this council isn't telling us, After all its OUR money not the councils.
[quote][p][bold]grey_man[/bold] wrote: [quote][p][bold]GRUMPY PARENT[/bold] wrote: [quote][p][bold]grey_man[/bold] wrote: So the council is offering to loan £40 million quid plus to a recently established internet retailer that made a loss running to millions last year and which has made a modest profit this year? And it is doing so at a low rate of interest. What could possibly go wrong?[/p][/quote]What makes me laugh grey is they already have 2 massive warehouses on the Appleton Throrne Trading Estate. So why loan them this money when they are already in Warrington?[/p][/quote]What's truly amazing is they're apparently so skint that they have to withdraw transport services for the disabled and charge people to park near local shops, yet can find tens of millions of pounds to offer to a loss-making company that operates in a notoriously volatile and precarious business sector. Seriously, what the hell is wrong with them?[/p][/quote]No money for Dial a ride, No money for pot holes, No money to upgrade public toilets, Council tax up 1.9%, Council donating £225.000 towards upgrading sankey canal, £7 million loan to St Helens housing association, Over £1 million loan to build a road on the Omega industrial estate, £2 million upgrading the town hall gardens and bank park ????. There is something this council isn't telling us, After all its OUR money not the councils. old-codger
  • Score: 11

3:36pm Fri 28 Mar 14

GRUMPY PARENT says...

old-codger wrote:
grey_man wrote:
GRUMPY PARENT wrote:
grey_man wrote:
So the council is offering to loan £40 million quid plus to a recently established internet retailer that made a loss running to millions last year and which has made a modest profit this year? And it is doing so at a low rate of interest.

What could possibly go wrong?
What makes me laugh grey is they already have 2 massive warehouses on the Appleton Throrne Trading Estate. So why loan them this money when they are already in Warrington?
What's truly amazing is they're apparently so skint that they have to withdraw transport services for the disabled and charge people to park near local shops, yet can find tens of millions of pounds to offer to a loss-making company that operates in a notoriously volatile and precarious business sector.

Seriously, what the hell is wrong with them?
No money for Dial a ride, No money for pot holes, No money to upgrade public toilets, Council tax up 1.9%, Council donating £225.000 towards upgrading sankey canal, £7 million loan to St Helens housing association, Over £1 million loan to build a road on the Omega industrial estate, £2 million upgrading the town hall gardens and bank park ????. There is something this council isn't telling us, After all its OUR money not the councils.
Codger it was £90m to Helena housing, and £7m for the road at Omega. Just wanted you to be sure just how much WBC are spending. Not including their plans for Walton Hall and the cultural quarter. Seems we have a pot less cheque book!
[quote][p][bold]old-codger[/bold] wrote: [quote][p][bold]grey_man[/bold] wrote: [quote][p][bold]GRUMPY PARENT[/bold] wrote: [quote][p][bold]grey_man[/bold] wrote: So the council is offering to loan £40 million quid plus to a recently established internet retailer that made a loss running to millions last year and which has made a modest profit this year? And it is doing so at a low rate of interest. What could possibly go wrong?[/p][/quote]What makes me laugh grey is they already have 2 massive warehouses on the Appleton Throrne Trading Estate. So why loan them this money when they are already in Warrington?[/p][/quote]What's truly amazing is they're apparently so skint that they have to withdraw transport services for the disabled and charge people to park near local shops, yet can find tens of millions of pounds to offer to a loss-making company that operates in a notoriously volatile and precarious business sector. Seriously, what the hell is wrong with them?[/p][/quote]No money for Dial a ride, No money for pot holes, No money to upgrade public toilets, Council tax up 1.9%, Council donating £225.000 towards upgrading sankey canal, £7 million loan to St Helens housing association, Over £1 million loan to build a road on the Omega industrial estate, £2 million upgrading the town hall gardens and bank park ????. There is something this council isn't telling us, After all its OUR money not the councils.[/p][/quote]Codger it was £90m to Helena housing, and £7m for the road at Omega. Just wanted you to be sure just how much WBC are spending. Not including their plans for Walton Hall and the cultural quarter. Seems we have a pot less cheque book! GRUMPY PARENT
  • Score: 2

3:41pm Fri 28 Mar 14

grey_man says...

Maybe it all just depends how a particular spend makes councillors and 'officers' look to the people they think matter. Much better throwing tens of millions at a potentially shaky internet business than spending a few thousand on helping the disabled get about, clearly.
Maybe it all just depends how a particular spend makes councillors and 'officers' look to the people they think matter. Much better throwing tens of millions at a potentially shaky internet business than spending a few thousand on helping the disabled get about, clearly. grey_man
  • Score: 4

7:36pm Fri 28 Mar 14

PageA says...

It is 100% the wrong message to send out to businesses across the nation
It is 100% the wrong message to send out to businesses across the nation PageA
  • Score: 3

7:58pm Fri 28 Mar 14

Karlar says...

grey_man wrote:
Maybe it all just depends how a particular spend makes councillors and 'officers' look to the people they think matter. Much better throwing tens of millions at a potentially shaky internet business than spending a few thousand on helping the disabled get about, clearly.
Wonder what are the real reasons for this Council's largesse, who is going to benefit and how? From which pot is this dollop of cash being levered?
[quote][p][bold]grey_man[/bold] wrote: Maybe it all just depends how a particular spend makes councillors and 'officers' look to the people they think matter. Much better throwing tens of millions at a potentially shaky internet business than spending a few thousand on helping the disabled get about, clearly.[/p][/quote]Wonder what are the real reasons for this Council's largesse, who is going to benefit and how? From which pot is this dollop of cash being levered? Karlar
  • Score: 5

8:05pm Fri 28 Mar 14

grey_man says...

Is this being done on Andy Farrell's watch?
Is this being done on Andy Farrell's watch? grey_man
  • Score: 3

8:09pm Fri 28 Mar 14

Karlar says...

grey_man wrote:
Is this being done on Andy Farrell's watch?
The finger prints look familiar, I'll run them passed my friends in Chester.
[quote][p][bold]grey_man[/bold] wrote: Is this being done on Andy Farrell's watch?[/p][/quote]The finger prints look familiar, I'll run them passed my friends in Chester. Karlar
  • Score: 3

8:27pm Fri 28 Mar 14

choperado says...

Full disclosure of business interests of councillors could be interesting as with any personal relationships with companies involved in all these projects. As for 2000 jobs... Generally these firms bring their own staff (Brakes,Asda) and any extra are agency. Being on Omega in Warrington doesn't mean jobs for the town as St Helens is on the doorstep and Liverpool isn't too far to travel for work being on the motorway.
Would like to see the loan terms, profit from said loan and in what century the town would begin to make a profit from this deal. £42million loan to a company making £300000pa is gonna take a long time to recoup. Bad business. 5 years along Appleton will be needing investment as large empty warehouses decay. It doesn't make sense unless something untoward is happening.
Full disclosure of business interests of councillors could be interesting as with any personal relationships with companies involved in all these projects. As for 2000 jobs... Generally these firms bring their own staff (Brakes,Asda) and any extra are agency. Being on Omega in Warrington doesn't mean jobs for the town as St Helens is on the doorstep and Liverpool isn't too far to travel for work being on the motorway. Would like to see the loan terms, profit from said loan and in what century the town would begin to make a profit from this deal. £42million loan to a company making £300000pa is gonna take a long time to recoup. Bad business. 5 years along Appleton will be needing investment as large empty warehouses decay. It doesn't make sense unless something untoward is happening. choperado
  • Score: 6

10:29pm Fri 28 Mar 14

Electric100 says...

Another shed that will emloy about 20 people , so thats over £2m per job. This town needs ivestment in proper skilled jobs not shelf stacking.

As for Omega numerous opertunities have been missed. The super prison being one of them that would of created humdreds of jobs direct and indirectly. The NATO offices that was once muted would of created thousands of jobs , a project that the then government should of backed to the hilt.

Omega that was once flaunted as a technology / resdential / leisure vision is just another low skilled warehouse development. Well done WBC you have excelled yourselves yet again
Another shed that will emloy about 20 people , so thats over £2m per job. This town needs ivestment in proper skilled jobs not shelf stacking. As for Omega numerous opertunities have been missed. The super prison being one of them that would of created humdreds of jobs direct and indirectly. The NATO offices that was once muted would of created thousands of jobs , a project that the then government should of backed to the hilt. Omega that was once flaunted as a technology / resdential / leisure vision is just another low skilled warehouse development. Well done WBC you have excelled yourselves yet again Electric100
  • Score: 3

11:04pm Fri 28 Mar 14

grey-area says...

Thought our Mayor was previously the financial expert for the council. Where has all that expert knowledge gone all of a sudden.

You can't get security on a loan that size with a company that isn't highly profitable. It's easy to be risky with someone else's money, so lets make the councillors personally liable if it goes bad, then see if they are still keen.
Thought our Mayor was previously the financial expert for the council. Where has all that expert knowledge gone all of a sudden. You can't get security on a loan that size with a company that isn't highly profitable. It's easy to be risky with someone else's money, so lets make the councillors personally liable if it goes bad, then see if they are still keen. grey-area
  • Score: 4

1:07pm Sat 29 Mar 14

Freeborn John says...

I've been rude before about WBCs policy of buying itself nice things by seeking business partnerships and government grants to part finance them, but at least it has some merit, if a transport development grant hadn't slipped away last year then we would have been looking at a new railway station at Chapelford for instance.
But risking 42 million in the hope of creating some non jobs for people who probably won't be from the town anyway, that's plain silly.
I've been rude before about WBCs policy of buying itself nice things by seeking business partnerships and government grants to part finance them, but at least it has some merit, if a transport development grant hadn't slipped away last year then we would have been looking at a new railway station at Chapelford for instance. But risking 42 million in the hope of creating some non jobs for people who probably won't be from the town anyway, that's plain silly. Freeborn John
  • Score: 2

1:21pm Sat 29 Mar 14

L s bells says...

How can we possibly refuse the offer from The Hut to provide so many slave labour minimum wage jobs for our demoralised youth. grab it with both hands and throw tax payers money at them..........
How can we possibly refuse the offer from The Hut to provide so many slave labour minimum wage jobs for our demoralised youth. grab it with both hands and throw tax payers money at them.......... L s bells
  • Score: 2

2:55pm Sat 29 Mar 14

grey_man says...

Freeborn John wrote:
I've been rude before about WBCs policy of buying itself nice things by seeking business partnerships and government grants to part finance them, but at least it has some merit, if a transport development grant hadn't slipped away last year then we would have been looking at a new railway station at Chapelford for instance.
But risking 42 million in the hope of creating some non jobs for people who probably won't be from the town anyway, that's plain silly.
It's far worse than that because if this is a loan, this company was making a loss two years ago, made practically no profit last year, has only been around for under a decade and operates in an incredibly volatile and competitive sector. It's insane to even consider loaning them this much money and I think it would be interesting to find out who, apart from Terry O'Neill is either mental enough, stupid enough or 'involved' enough to even consider it for a moment.
[quote][p][bold]Freeborn John[/bold] wrote: I've been rude before about WBCs policy of buying itself nice things by seeking business partnerships and government grants to part finance them, but at least it has some merit, if a transport development grant hadn't slipped away last year then we would have been looking at a new railway station at Chapelford for instance. But risking 42 million in the hope of creating some non jobs for people who probably won't be from the town anyway, that's plain silly.[/p][/quote]It's far worse than that because if this is a loan, this company was making a loss two years ago, made practically no profit last year, has only been around for under a decade and operates in an incredibly volatile and competitive sector. It's insane to even consider loaning them this much money and I think it would be interesting to find out who, apart from Terry O'Neill is either mental enough, stupid enough or 'involved' enough to even consider it for a moment. grey_man
  • Score: 4

5:17pm Sat 29 Mar 14

Karlar says...

grey_man wrote:
Freeborn John wrote:
I've been rude before about WBCs policy of buying itself nice things by seeking business partnerships and government grants to part finance them, but at least it has some merit, if a transport development grant hadn't slipped away last year then we would have been looking at a new railway station at Chapelford for instance.
But risking 42 million in the hope of creating some non jobs for people who probably won't be from the town anyway, that's plain silly.
It's far worse than that because if this is a loan, this company was making a loss two years ago, made practically no profit last year, has only been around for under a decade and operates in an incredibly volatile and competitive sector. It's insane to even consider loaning them this much money and I think it would be interesting to find out who, apart from Terry O'Neill is either mental enough, stupid enough or 'involved' enough to even consider it for a moment.
You've already alluded to one likely suspect with previous form.
[quote][p][bold]grey_man[/bold] wrote: [quote][p][bold]Freeborn John[/bold] wrote: I've been rude before about WBCs policy of buying itself nice things by seeking business partnerships and government grants to part finance them, but at least it has some merit, if a transport development grant hadn't slipped away last year then we would have been looking at a new railway station at Chapelford for instance. But risking 42 million in the hope of creating some non jobs for people who probably won't be from the town anyway, that's plain silly.[/p][/quote]It's far worse than that because if this is a loan, this company was making a loss two years ago, made practically no profit last year, has only been around for under a decade and operates in an incredibly volatile and competitive sector. It's insane to even consider loaning them this much money and I think it would be interesting to find out who, apart from Terry O'Neill is either mental enough, stupid enough or 'involved' enough to even consider it for a moment.[/p][/quote]You've already alluded to one likely suspect with previous form. Karlar
  • Score: 2

6:35pm Sat 29 Mar 14

grey_man says...

Karlar wrote:
grey_man wrote:
Freeborn John wrote:
I've been rude before about WBCs policy of buying itself nice things by seeking business partnerships and government grants to part finance them, but at least it has some merit, if a transport development grant hadn't slipped away last year then we would have been looking at a new railway station at Chapelford for instance.
But risking 42 million in the hope of creating some non jobs for people who probably won't be from the town anyway, that's plain silly.
It's far worse than that because if this is a loan, this company was making a loss two years ago, made practically no profit last year, has only been around for under a decade and operates in an incredibly volatile and competitive sector. It's insane to even consider loaning them this much money and I think it would be interesting to find out who, apart from Terry O'Neill is either mental enough, stupid enough or 'involved' enough to even consider it for a moment.
You've already alluded to one likely suspect with previous form.
I think it would be best to wait for any facts before connecting it with anybody other than Terry O'Neill. It's so obviously a bad idea I can't think why they are considering it for a moment.
[quote][p][bold]Karlar[/bold] wrote: [quote][p][bold]grey_man[/bold] wrote: [quote][p][bold]Freeborn John[/bold] wrote: I've been rude before about WBCs policy of buying itself nice things by seeking business partnerships and government grants to part finance them, but at least it has some merit, if a transport development grant hadn't slipped away last year then we would have been looking at a new railway station at Chapelford for instance. But risking 42 million in the hope of creating some non jobs for people who probably won't be from the town anyway, that's plain silly.[/p][/quote]It's far worse than that because if this is a loan, this company was making a loss two years ago, made practically no profit last year, has only been around for under a decade and operates in an incredibly volatile and competitive sector. It's insane to even consider loaning them this much money and I think it would be interesting to find out who, apart from Terry O'Neill is either mental enough, stupid enough or 'involved' enough to even consider it for a moment.[/p][/quote]You've already alluded to one likely suspect with previous form.[/p][/quote]I think it would be best to wait for any facts before connecting it with anybody other than Terry O'Neill. It's so obviously a bad idea I can't think why they are considering it for a moment. grey_man
  • Score: 4

6:49pm Sat 29 Mar 14

old-codger says...

GRUMPY PARENT wrote:
old-codger wrote:
grey_man wrote:
GRUMPY PARENT wrote:
grey_man wrote:
So the council is offering to loan £40 million quid plus to a recently established internet retailer that made a loss running to millions last year and which has made a modest profit this year? And it is doing so at a low rate of interest.

What could possibly go wrong?
What makes me laugh grey is they already have 2 massive warehouses on the Appleton Throrne Trading Estate. So why loan them this money when they are already in Warrington?
What's truly amazing is they're apparently so skint that they have to withdraw transport services for the disabled and charge people to park near local shops, yet can find tens of millions of pounds to offer to a loss-making company that operates in a notoriously volatile and precarious business sector.

Seriously, what the hell is wrong with them?
No money for Dial a ride, No money for pot holes, No money to upgrade public toilets, Council tax up 1.9%, Council donating £225.000 towards upgrading sankey canal, £7 million loan to St Helens housing association, Over £1 million loan to build a road on the Omega industrial estate, £2 million upgrading the town hall gardens and bank park ????. There is something this council isn't telling us, After all its OUR money not the councils.
Codger it was £90m to Helena housing, and £7m for the road at Omega. Just wanted you to be sure just how much WBC are spending. Not including their plans for Walton Hall and the cultural quarter. Seems we have a pot less cheque book!
Jeeeez, Its worse than I thought, Do these people live on our planet.
[quote][p][bold]GRUMPY PARENT[/bold] wrote: [quote][p][bold]old-codger[/bold] wrote: [quote][p][bold]grey_man[/bold] wrote: [quote][p][bold]GRUMPY PARENT[/bold] wrote: [quote][p][bold]grey_man[/bold] wrote: So the council is offering to loan £40 million quid plus to a recently established internet retailer that made a loss running to millions last year and which has made a modest profit this year? And it is doing so at a low rate of interest. What could possibly go wrong?[/p][/quote]What makes me laugh grey is they already have 2 massive warehouses on the Appleton Throrne Trading Estate. So why loan them this money when they are already in Warrington?[/p][/quote]What's truly amazing is they're apparently so skint that they have to withdraw transport services for the disabled and charge people to park near local shops, yet can find tens of millions of pounds to offer to a loss-making company that operates in a notoriously volatile and precarious business sector. Seriously, what the hell is wrong with them?[/p][/quote]No money for Dial a ride, No money for pot holes, No money to upgrade public toilets, Council tax up 1.9%, Council donating £225.000 towards upgrading sankey canal, £7 million loan to St Helens housing association, Over £1 million loan to build a road on the Omega industrial estate, £2 million upgrading the town hall gardens and bank park ????. There is something this council isn't telling us, After all its OUR money not the councils.[/p][/quote]Codger it was £90m to Helena housing, and £7m for the road at Omega. Just wanted you to be sure just how much WBC are spending. Not including their plans for Walton Hall and the cultural quarter. Seems we have a pot less cheque book![/p][/quote]Jeeeez, Its worse than I thought, Do these people live on our planet. old-codger
  • Score: 4

3:11pm Mon 31 Mar 14

Rowdie says...

L s bells wrote:
How can we possibly refuse the offer from The Hut to provide so many slave labour minimum wage jobs for our demoralised youth. grab it with both hands and throw tax payers money at them..........
Can you tell us what rate their wages will be?
[quote][p][bold]L s bells[/bold] wrote: How can we possibly refuse the offer from The Hut to provide so many slave labour minimum wage jobs for our demoralised youth. grab it with both hands and throw tax payers money at them..........[/p][/quote]Can you tell us what rate their wages will be? Rowdie
  • Score: 1

3:16pm Mon 31 Mar 14

Rowdie says...

I thought the Council was skint to the degree it is not in a position to take the offer of 1% from the government towards its rates bill and give a 'nil increase ' to Warrington ratepayers?, Instead it has opted for option b) which is to charge Warrington ratepayers a 1.9% increase. (option b is they are allowed to increase the rates but by no more than 2%.)
I thought the Council was skint to the degree it is not in a position to take the offer of 1% from the government towards its rates bill and give a 'nil increase ' to Warrington ratepayers?, Instead it has opted for option b) which is to charge Warrington ratepayers a 1.9% increase. (option b is they are allowed to increase the rates but by no more than 2%.) Rowdie
  • Score: 1

11:03am Tue 1 Apr 14

PageA says...

The artists impression that the council released looked fantastic. I thought it was going to be a mix of futuristic industry's going in. Aree we still on course for this because it does look like a big pile of massive sheds going up. Do we know how many lorries are going to be in and out of these places per hour and what plan B is if there's a problem on the M62?
The artists impression that the council released looked fantastic. I thought it was going to be a mix of futuristic industry's going in. Aree we still on course for this because it does look like a big pile of massive sheds going up. Do we know how many lorries are going to be in and out of these places per hour and what plan B is if there's a problem on the M62? PageA
  • Score: -1

12:14pm Tue 1 Apr 14

grey_man says...

PageA wrote:
The artists impression that the council released looked fantastic. I thought it was going to be a mix of futuristic industry's going in. Aree we still on course for this because it does look like a big pile of massive sheds going up. Do we know how many lorries are going to be in and out of these places per hour and what plan B is if there's a problem on the M62?
Plan B is what it always is - blame the other lot
[quote][p][bold]PageA[/bold] wrote: The artists impression that the council released looked fantastic. I thought it was going to be a mix of futuristic industry's going in. Aree we still on course for this because it does look like a big pile of massive sheds going up. Do we know how many lorries are going to be in and out of these places per hour and what plan B is if there's a problem on the M62?[/p][/quote]Plan B is what it always is - blame the other lot grey_man
  • Score: 1

3:53pm Tue 1 Apr 14

richiepooh says...

HQhair.com, probikekit.com and myprotein.com

WHO?

they never even spent on their domain names for single word brand-able marketing.

shopping cart websites direct from manufacture and third parties, they wouldnt even get £100k for 25% on dragons den...

yep looks like prime warrington council project and investment to me based on their past history of squander on rubbish and skimp on essentials
HQhair.com, probikekit.com and myprotein.com WHO? they never even spent on their domain names for single word brand-able marketing. shopping cart websites direct from manufacture and third parties, they wouldnt even get £100k for 25% on dragons den... yep looks like prime warrington council project and investment to me based on their past history of squander on rubbish and skimp on essentials richiepooh
  • Score: 1

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