WikiWirral its great, register, enjoy and welcome.
Forum Statistics
Posts1,000,430
Topics73,979
Members12,508
Forums65
Posts in last 24hrs29
Most Online7,831
Apr 8th, 2013
Who's Online Now
73 registered members (alan128, 14 invisible), 1,355 guests, and176 spiders.
Key: Admin, Global Mod, Mod
Social Media : Follow Us


Popular Topics(Views 7days)
334 The voice
209 smart tv
New General Forums
Happy Birthday
by RUDEBOX. 18th Jan 2018 12:13am
Evacuate ! Evacuate !
by granny. 16th Jan 2018 6:53pm
Getting old sucks
by snowhite. 16th Jan 2018 5:00pm
Warning scam
by casper. 15th Jan 2018 11:52am
New Wirral History
Ellesmere Port town centre redevelopment?
by yoller. 5th Jan 2018 5:12pm
Lunts Cake Factory on Hoylake Rd.
by jeffappleyard. 22nd Dec 2017 8:30pm
Brook St Birkenhead
by chris7777. 27th Jun 2014 11:46am
Wirral History. 1860 - 1960...
by johnsonjl. 12th Aug 2012 10:21pm
Forum Tips
Photo Gallery Forums
War memorial, Flaybrick Cemetery, today
clipper yachts arriving for round the world race
Topic Replies
Major Electrical Disaster - Birkenhead
by Excoriator. 18th Jan 2018 10:42pm
Ilchester Square - The Dock Cottages
by diggingdeeper. 18th Jan 2018 9:36pm
587 Ship Inn, Breck Road Wallasey
by RUDEBOX. 18th Jan 2018 7:29pm
Local History Fair 2018
by RUDEBOX. 18th Jan 2018 7:20pm
Help with Humax
by Mark. 18th Jan 2018 12:42pm
New Forums Software
by diggingdeeper. 18th Jan 2018 12:57am
smart tv
by diggingdeeper. 17th Jan 2018 10:18pm
No government help for New Ferry.
by pacef8. 17th Jan 2018 1:45pm
Beatles fan re-paints Strawberry Fields gates
by diggingdeeper. 16th Jan 2018 11:12pm
January
M T W T F S S
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31
Recent Posts : What's On ?
Local History Fair 2018
by RUDEBOX. 18th Jan 2018 7:20pm
British Ironworks Centre Oswestry
by cools. 15th Jan 2018 3:31pm
Previous Topic
Next Topic
Print Topic
Rating 3
Page 3 of 3 1 2 3
Re: Wirral Indisputably One of Britains Great Places [Re: diggingdeeper] #1051376
13th Jan 2018 1:48pm
13th Jan 2018 1:48pm
Joined: Jul 2011
Posts: 3,141
Wirral
V
venice Offline

Forum Master
venice  Offline

Forum Master
V
Joined: Jul 2011
Posts: 3,141
Wirral
Originally Posted By: diggingdeeper
Interesting, they were talking about a 50-50 Limited Liability Partnership last year. The decision of which partner to choose has not been made yet but will happen very soon afaik.


So to sum up , does this really mean the Council BEFORE knowing who its partner is going to be , has agreed to and recorded at companies house that ---

" The other registerable person holds directly , or indirectly 75% or more of the shares in the company . The other registerable person has the right , directly or indirectly to appoint or remove a majority of the board of directors of the company. The other registrable person holds, directly or indirectly, 75% or more of the voting rights in the company"

Is that the normal way its done ?? Seems dodgy to me , the Council accepting that their own directors of the company can be got rid of by partners and replaced with partners own choices? Partners may not even have Wirrals needs and interests at heart, just profits.

Google Ads
Re: Wirral Indisputably One of Britains Great Places [Re: fish5133] #1051390
13th Jan 2018 3:48pm
13th Jan 2018 3:48pm
Joined: Sep 2013
Posts: 382
birkenhead
dustymclean Offline

Old Hand
dustymclean  Offline

Old Hand
Joined: Sep 2013
Posts: 382
birkenhead

Re: Wirral Indisputably One of Britains Great Places [Re: fish5133] #1051411
13th Jan 2018 9:25pm
13th Jan 2018 9:25pm
Joined: Jun 2011
Posts: 15,234
Wirral
granny Offline

Wiki Master
granny  Offline

Wiki Master
Joined: Jun 2011
Posts: 15,234
Wirral

Although I don't understand all of that jargon, I still feel there are issues surrounding such a 'profit making' company , because that's basically what it will be. A council 'profit making' company, and I always understood that councils were not legally allowed to make profits as such.
If that has now changed, then it's the thin end of the wedge, as the practice will creep further and further into whatever council services are remaining, and we, the public, will not have anyone accountable .
It's something that has been tried in other parts of the country thus creating new jobs in the private sector, which seems fine, but as I see it, only until jobs at the local authority go and legal eagles move in to take the vast majority of the profits back in fees, will reality dawn.
So far as a quick fix....it aint !

What a minefield.


Humankind has not woven the web of life. We are but one thread within it. Whatever we do to the web, we do to ourselves. All things are bound together. All things connect.
~Chief Seattle
Re: Wirral Indisputably One of Britains Great Places [Re: fish5133] #1051419
14th Jan 2018 12:02am
14th Jan 2018 12:02am
Joined: Jul 2011
Posts: 3,141
Wirral
V
venice Offline

Forum Master
venice  Offline

Forum Master
V
Joined: Jul 2011
Posts: 3,141
Wirral
To be fair,Ive only lightly looked over the report Dusty posted (thanks ), but it certainly looks like all the considerations of which options they should choose to forward the idea of the property company ,the financial pluses and minuses, the running of it etc, were, as DD said, based/tested soley against a 50-50 split. 64 pages of the ins and outs of a 50-50 split .

Financially "The Councils land value is being used as its equity, with the private partner matching the land value with a cash injection.This matching of land value will ensure that the joint venture maintains a 50-50 equity split throughout the development stages , and this reflects the ultimate profit share from viable developments ."


Now those profits are only going to be 25% by the look of it -

As for
"Equal sharing of risks and rewards .Equal control with the same number of board members from each of the Council and a private sector partner. Decision making by consensus. "

Well it looks like thats not happening either ,now its

" The other registerable person holds directly , or indirectly 75% or more of the shares in the company . The other registerable person has the right , directly or indirectly to appoint or remove a majority of the board of directors of the company. The other registrable person holds, directly or indirectly, 75% or more of the voting rights in the company"

So when all these developments are made on Council land , the Council only has a quarter say on whether they are sold on, or who to, get only 25% of the profit --- sounds great.

Im just wondering when all this huge change came about? It seems to have happened very quickly and quietly. Maybe Im misunderstanding it ?

Be nice to have a member of the Council come and explain it all incase its not how it looks.


Re: Wirral Indisputably One of Britains Great Places [Re: fish5133] #1051450
15th Jan 2018 12:31pm
15th Jan 2018 12:31pm
Joined: Dec 2008
Posts: 5,376
Birkenhead
BandyCoot Offline

Forum Veteran
BandyCoot  Offline

Forum Veteran
Joined: Dec 2008
Posts: 5,376
Birkenhead
Carillion comes to mind. Got to get used to the idea that there are loads of our leaders who have their hands in our pockets one way or the other, and I'm talking about across the board not just centre, left of centre or right of centre. Politicians are in it for their own benefit, fact, so don't be surprised when they pull these stunts.


Birkenhead........ God's own Room 101.
Re: Wirral Indisputably One of Britains Great Places [Re: fish5133] #1051453
15th Jan 2018 12:58pm
15th Jan 2018 12:58pm
Joined: Sep 2013
Posts: 382
birkenhead
dustymclean Offline

Old Hand
dustymclean  Offline

Old Hand
Joined: Sep 2013
Posts: 382
birkenhead
I can only think that the council have taken on board "The Peel Model" Take .a piece of worthless land, add planning permission and we are staring to make" money, on paper anyway".The council borrow on the strength of "the money on paper anyway" and tell us they have not borrowed because" the money on paper anyway" balance the books. I have not figured out if the councils share is pre planning or post planning permission. land price but the principle stays the same. We end up with less assets worth more "on paper anyway".

Re: Wirral Indisputably One of Britains Great Places [Re: BandyCoot] #1051464
15th Jan 2018 3:09pm
15th Jan 2018 3:09pm
Joined: Mar 2010
Posts: 3,436
Heswallish
F
fish5133 Online content OP
Forum Guardian
fish5133  Online Content OP
Forum Guardian
F
Joined: Mar 2010
Posts: 3,436
Heswallish
Originally Posted by BandyCoot
Carillion comes to mind. Got to get used to the idea that there are loads of our leaders who have their hands in our pockets one way or the other, and I'm talking about across the board not just centre, left of centre or right of centre. Politicians are in it for their own benefit, fact, so don't be surprised when they pull these stunts.


Carillion in trouble.. I used to work for a construction company that i doubt were in their pockets as we mysteriously seemed not to win any job we tendered for even when going in at nil profit.

Re: Wirral Indisputably One of Britains Great Places [Re: fish5133] #1051504
16th Jan 2018 1:50pm
16th Jan 2018 1:50pm
Joined: Jul 2011
Posts: 3,141
Wirral
V
venice Offline

Forum Master
venice  Offline

Forum Master
V
Joined: Jul 2011
Posts: 3,141
Wirral
I wonder how well the council 25% would be protected if the private company carries on with the developments calling all the shots on whats built where etc and runs up debts with contractors etc and then does a Carillion . Wonder if that had any bearing on the decision (whenever it happened) , for the reduction from 50%-25%.

Page 3 of 3 1 2 3

Moderated by  Mod 

Random Wirral Images

Click to View Topic.
Newest Topics
Local History Fair 2018
by RUDEBOX. 18th Jan 2018 7:20pm
Major Electrical Disaster - Birkenhead
by diggingdeeper. 18th Jan 2018 1:12pm
Help with Humax
by muzzy2. 18th Jan 2018 10:02am
smart tv
by eggandchips. 17th Jan 2018 2:43pm
Pets Meds Online
by venice. 16th Jan 2018 11:54am
For Sale & Free
Leather Double Bed and Mattress
by turnip. 16th Jan 2018 10:55pm
Technics Separates New Class A - 70
by DavidB. 16th Jan 2018 6:56pm
Gents Bicycle
by Snodvan. 12th Jan 2018 8:57pm
Ikea Two Seat KNIHULT Sofa - 20
by DavidB. 11th Jan 2018 12:26pm
Sodastream 201
by Snodvan. 10th Jan 2018 11:35am
Member Spotlight
snowshoes
snowshoes
ottawa canada ( formerly new brighton )
Posts: 865
Joined: August 2010
Show All Member Profiles 
Newest Members
Tikitour2018, Stevo125, Justin, ap493, testinguser
12508 Registered Users
Today's Birthdays
No Birthdays
New Wirral Info
Local History Fair 2018
by RUDEBOX. 18th Jan 2018 7:20pm
British Ironworks Centre Oswestry
by fish5133. 14th Jan 2018 11:53pm
Tranmere Rovers carbooty
by assassin. 13th Jan 2018 3:21pm
Job Loss and benefits
by Peter0787. 12th Jan 2018 6:45pm
Off roading wirral.
by vw_kyle. 10th Jan 2018 8:57pm
News : New Topics
Major Electrical Disaster - Birkenhead
by diggingdeeper. 18th Jan 2018 1:12pm
RIP Bella Emberg
by Norton. 13th Jan 2018 4:40pm
4 bridges completion delay
by pacef8. 11th Jan 2018 7:00pm
Mount pleasant road, wallasey
by Ardneil. 11th Jan 2018 10:45am
Brexit payment
by venice. 10th Jan 2018 2:56pm
New Enthusiast Forums
Help with Humax
by muzzy2. 18th Jan 2018 10:02am
smart tv
by eggandchips. 17th Jan 2018 2:43pm
Pets Meds Online
by venice. 16th Jan 2018 11:54am
AdultSwine malware
by assassin. 15th Jan 2018 9:05pm
RIP Dolores O'Riordan (Cranberries)
by diggingdeeper. 15th Jan 2018 6:22pm
Popular Topics(Views 24hrs)
Wirral Sunrise Sunset
Sunrise Thu 8:16am
Sunset Thu 4:29pm
Local Time Thu 11:56pm
Powered by UBB.threads™ PHP Forum Software 7.6.1.1