Re: New Stadium Updates : Tue Sep 21, 2021 5:06 pm
FIL wrote: :CLAP: ..excellent work DS...thanks for keeping us all updated Obviously we've been here before and whilst the latest updates all look very promising, we don't want to get hood-winked again, so for those that are up-to-speed with planning developments such as these, does it look water-tight this time around, or are there any potential get-out clauses that an unscrupulous developer could use to worm his way out of his legal obligation ?? I have just had a quick read of some of the latest documents and the only thing that I can see (which is probably not an issue at all) is that the developers are listed as Newmarket Lane Ltd and NOT Yorkcourt Ltd or Henry Boot Ltd. A quick Google search shows that 2 of the directors are Hamer BOOT and Scott MACKIE ... https://www.companiesintheuk.co.uk/ltd/newmarket-lane Looking at their accounts (again I am no accountant, so don't really know what I am looking at here)... https://www.companiesintheuk.co.uk/form ... /512465103 Do they seem like a viable company that are likely to give us what we are owed, as to me those accounts (albeit from 2019) show that they owe £6.4 million to their creditors who, unsurprisingly are Yorkcourt and Henry Boot !! That’s the fly in the ointment for me, there are mentions of 11.3 The proposed delivery mechanism is via a Section 106 Obligation which Newmarket Lane Limited, the owner and developer of the site at Plot 8 at Newmarket commits to finance and to carry out the redevelopment works at Belle Vue, namely the new East Stand, resurfaced North Stand, car park works and refurbishment of the Rollin Shack building. The owner And Developer commits to finance And carry out the redevelopment work. I was hoping their involvement ends once they paid their dues to Trinity. I just hope the Building regulations inspectors are on the ball, no shortcuts please. |
FIL wrote: :CLAP: ..excellent work DS...thanks for keeping us all updated Obviously we've been here before and whilst the latest updates all look very promising, we don't want to get hood-winked again, so for those that are up-to-speed with planning developments such as these, does it look water-tight this time around, or are there any potential get-out clauses that an unscrupulous developer could use to worm his way out of his legal obligation ?? I have just had a quick read of some of the latest documents and the only thing that I can see (which is probably not an issue at all) is that the developers are listed as Newmarket Lane Ltd and NOT Yorkcourt Ltd or Henry Boot Ltd. A quick Google search shows that 2 of the directors are Hamer BOOT and Scott MACKIE ... https://www.companiesintheuk.co.uk/ltd/newmarket-lane Looking at their accounts (again I am no accountant, so don't really know what I am looking at here)... https://www.companiesintheuk.co.uk/form ... /512465103 Do they seem like a viable company that are likely to give us what we are owed, as to me those accounts (albeit from 2019) show that they owe £6.4 million to their creditors who, unsurprisingly are Yorkcourt and Henry Boot !! That’s the fly in the ointment for me, there are mentions of 11.3 The proposed delivery mechanism is via a Section 106 Obligation which Newmarket Lane Limited, the owner and developer of the site at Plot 8 at Newmarket commits to finance and to carry out the redevelopment works at Belle Vue, namely the new East Stand, resurfaced North Stand, car park works and refurbishment of the Rollin Shack building. The owner And Developer commits to finance And carry out the redevelopment work. I was hoping their involvement ends once they paid their dues to Trinity. I just hope the Building regulations inspectors are on the ball, no shortcuts please. |
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