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rebbonk
Pillar of the Community
Joined: Thu Oct 12, 2017 6:10 pm
Posts: 9181
Location: Coventry
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You really couldn't make it up.
Like many such (vanity) initiatives, I have yet to see how the local communities benefit financially. All too often it's a case of The Emperors New Clothes because those in office lack the testes to admit they've lost our money. Ultimately, the local taxpayer pays for the vanity and incompetence of those in office.
Now, if we made them personally responsible for turning a profit, I bet things would change!
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Of course it'll fit, you just need a bigger hammer.
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| Tue Sep 27, 2022 6:32 pm |
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Lex
Pillar of the Community
Joined: Mon Jun 25, 2012 8:54 am
Posts: 13667
Location: Stratford
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| Fri Feb 17, 2023 4:58 pm |
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rebbonk
Pillar of the Community
Joined: Thu Oct 12, 2017 6:10 pm
Posts: 9181
Location: Coventry
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Too little too late.
A blind man could see that this was going to happen. The council didn't carry out due diligence and as far as I'm concerned, every last one of them that supported this loan is guilty of malfeasance in public office. Time for a few of them to face the courts for their reckless behaviour with our money.
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Of course it'll fit, you just need a bigger hammer.
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| Sat Feb 18, 2023 11:16 am |
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Lex
Pillar of the Community
Joined: Mon Jun 25, 2012 8:54 am
Posts: 13667
Location: Stratford
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rebbonk wrote: Too little too late. By about 10 years!!!
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| Sat Feb 18, 2023 3:50 pm |
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Lex
Pillar of the Community
Joined: Mon Jun 25, 2012 8:54 am
Posts: 13667
Location: Stratford
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| Sun Feb 26, 2023 8:19 pm |
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Lex
Pillar of the Community
Joined: Mon Jun 25, 2012 8:54 am
Posts: 13667
Location: Stratford
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| Tue Feb 28, 2023 6:34 pm |
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rebbonk
Pillar of the Community
Joined: Thu Oct 12, 2017 6:10 pm
Posts: 9181
Location: Coventry
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We really need to see those that voted to support this folly (with OUR money) bringing to justice. - I'll not hold my breath!
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Of course it'll fit, you just need a bigger hammer.
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| Tue Feb 28, 2023 8:27 pm |
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Lex
Pillar of the Community
Joined: Mon Jun 25, 2012 8:54 am
Posts: 13667
Location: Stratford
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The National Audit Office is taking an interest now: https://www.bbc.co.uk/news/articles/cyd6573mznpo
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| Mon Apr 03, 2023 2:14 pm |
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rebbonk
Pillar of the Community
Joined: Thu Oct 12, 2017 6:10 pm
Posts: 9181
Location: Coventry
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I'm not overly interested in a failed enterprise, that was more likely to be pure incompetence than anything nefarious. We can argue about the suitability of those chosen to run it, but it's unlikely to achieve anything other than the usual trite 'lessons have been learned' garbage.
What I am interested in, is why CCC bailed them out when it was obvious they were finished. There are answers that CCC need to give for their lack of the most basic checks. People need to be held accountable and heads should roll.
Why did CCC authorise that last loan? Who authorised it?
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Of course it'll fit, you just need a bigger hammer.
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| Mon Apr 03, 2023 5:36 pm |
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Lex
Pillar of the Community
Joined: Mon Jun 25, 2012 8:54 am
Posts: 13667
Location: Stratford
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The whole thing looks like a huge cock-up. In the private sector, there would have been a lot of pushing/jumping off ship a long time before now.
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| Tue Apr 04, 2023 8:21 pm |
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rebbonk
Pillar of the Community
Joined: Thu Oct 12, 2017 6:10 pm
Posts: 9181
Location: Coventry
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Sadly, Lex, I doubt that those involved would be able to hold a job down in the private sector.
_________________
Of course it'll fit, you just need a bigger hammer.
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| Tue Apr 04, 2023 8:52 pm |
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Lex
Pillar of the Community
Joined: Mon Jun 25, 2012 8:54 am
Posts: 13667
Location: Stratford
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The assets are being auctioned off to go towards debts: https://www.bbc.co.uk/news/articles/c3gve13gppgo
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| Sun Apr 16, 2023 4:38 pm |
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rebbonk
Pillar of the Community
Joined: Thu Oct 12, 2017 6:10 pm
Posts: 9181
Location: Coventry
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There are precious few assets listed. (about 340 I think)
_________________
Of course it'll fit, you just need a bigger hammer.
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| Sun Apr 16, 2023 5:48 pm |
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Lex
Pillar of the Community
Joined: Mon Jun 25, 2012 8:54 am
Posts: 13667
Location: Stratford
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I'm thinking about bidding for the toilet rolls - they'll come in useful when the next media-induced mass panic comes along.
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| Mon Apr 17, 2023 5:06 pm |
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Lex
Pillar of the Community
Joined: Mon Jun 25, 2012 8:54 am
Posts: 13667
Location: Stratford
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Incompetence and accounting errors contributed to the trust's collapse. What a surprise: https://www.bbc.co.uk/news/articles/c93nn07dn9xo
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| Sun Jan 18, 2026 3:20 pm |
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rebbonk
Pillar of the Community
Joined: Thu Oct 12, 2017 6:10 pm
Posts: 9181
Location: Coventry
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CCC have a history of business incompetence. They also pay a small fortune for professionals and advisers. - Something begins to whiff a little!
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| Mon Jan 19, 2026 1:28 am |
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