carpet wallah
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Posts posted by carpet wallah
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Just speechless. .....
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It's now about 4ft deeper than shown in the photo
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Should make for an interesting discussion on Friday evening - folks reviewing six entirely different episodes at the same time
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Precisely.Have you worked these locks?
The bridges are required for boaters to cross the locks.
(With balance beams both sides, and paddles on the non-towpath side they are an essential part of how it all works.
We went through (both ways), three weeks ago.
There were elderly folks (some even older than me), who had to be gently shepherded off the foot-bridges, away from the lock gear and even out of the arc of the balance beams, just to be able to work the locks, bless 'em.
Perhaps some signs on the bridges, keeping visitors to the towpath side, would help. The odd stray gongoozler could then be rounded up by the volockies.
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"Bystanders including locks staff managed to rescue her before she was airlifted to hospital."
Call me old fashioned but, after the air ambulance had taken the trouble to get there, I reckon they should have let them take her!
Poorly written article, but a good result for the lady concerned.
Sorry, are you seriously suggesting that the casualty was NOT airlifted to hospital? If so, I would suggest that you are mis-reading the article.But then the helicopter is tied up for the time taken to get to the hospital. In this instance, if another emergency came up requiring the air ambulance it could go straight there from Foxton.
She was treated on the scene by the medics and then taken to hospital in the air ambulance. This is clear from other reports.
Given the circumstances, I cannot imagine any other outcome.
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How tragic. Bobbybass, you describe the situation most eloquently.
Unfortunately, with huge capital investment in these inappropriate boats, the hire company is stuck where it is. Maybe they could be prevailed upon to change their advice to hirers on the use of the thrusters, but that may involve educating the company themselves as to the problem in the first place.
Sadly, they don't appear to be in strongest of financial health, so they may have other things on their minds.
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"Running Scared", directed by the late, great David Hemmings. Starred Gayle Hunnicutt (his wife) and Robert Powell.Many years ago there was a film that had that in. can't remember the name now .....
Any ideas?
Mrs C W and I were a couple of days into our honeymoon on a hire boat out of North Kilworth in September, 1971, when we were held up, with a lot of other peeps, by a sports car (Austin Healey?) in the cut, just before the bridge. It had a dummy at the wheel and was held up by flotation bags.
There was another, identical car on the bridge, together with the ramp they were using to launch the "speeding" car into the canal.
The film crew claimed that there was an explosive charge in the car, but after the mood amongst the waiting boaters started getting ugly, a diver pulled the floating car to one side and allowed us to wiggle gently past. As a boater of 2 days experience, I was rather proud of my manoeuvre actually.
I read that someone found a print of the film a few years ago and it was shown in Braunston community hall (?). Gayle Hunnicutt was the guest of honour!
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Tim and Pru are in London. Bless you Pru, you've fogotten the ground paddles, dear and you're trying to drown Tim.
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Exactly my thoughts. Amy is there all day, so why not stagger the boats through the whole day?
Water saving, possibly. If boats start from top and bottom at midday, more chance of one up, one down, less boatless locks being emptied into the Monty, more water into Hurleston Reservoir.
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Can there really be two of these guys out there? About 6 years ago we were cruising up the Macc/Peak Forest when we "caught up" with an OwnerShips boat out of Heritage Marina.
If I were to describe his activities and the situation, I could just have cut and pasted WV's exact words - well under 1 mph, never once looked back. It was the end of the day and, after half an hour or so, I assumed, wrongly, that he was looking for somewhere to moor.
Eventually, when there was the opportunity to pass, he blanked us.
B*gger me, if, on the way back to Etruria a few days later, we didn't get stuck behind him again, going even slower! This time we decided to stop for lunch and passed his moored boat later, the occupants having gone Into town.
I eventually concluded that the guy had mental health problems, his behaviour was that bizarre.
Could he still be out there???? Did you notice if it may have been an ex OwnerShips boat, WV?
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Has Roy the Boy been sacked as MD then, do we think?
MtB
Has Roy the Boy been sacked as MD then, do we think? MtB
Does he know, anyone looked at Company house records?
I think the situation is that PLM Ltd are still doing the day to day running of the Marina. PL is still the sole Director of PLM.Roy is the sole director of PLT, who hold the Marina freehold and the NAA and therefore CaRT would deal directly with Roy in respect of the NAADoes this mean that CRT are once again dealing with PL.Did they think that they wouldn't be?Bob
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Lovely work, Dave. On the subject of your post, I have to say that your experience is much closer to my recent observations of being passed whilst moored.
I simply don't recognise the picture painted by many of the contributors to the recent "What's the Hurry?" thread, which gave the exactly opposite view. With the inevitable exceptions, I feel that general courtesies are as well or better observed than in the past.
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Business Rates - About £25k - not exactly covered by the Petty Cash methinksWell yes Alan, I was aiming for the big picture and ignoring a lot of smaller costs, but some of those you mention are going to be significant and it all adds up. Business Rates is probably the big one out of your list?
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There are no courts, there are no court fees or lawyers fees. There is no administrator. There is nothing to sell, because the only asset is the freehold, which goes back to M Steadman under his mortgage. There were no tradespeople, as these deal with PLM, which is still trading.Agreed!!
There's £20,000 gone already It was £180,000,
Pillings going into liquidation because they had no money, isn't it correct that the liquidators would try to sell the company, name,any assets off to realise as much money as duty bound to pay crediters off, including liquidators fee.
Wouldn't the above been offered for sale to other marina/boat businesses, not just given back or sold for a quid, back to steadman and Lillie??
Please tell me if no money was in the account, and pillings sold for a quid or given back?,who pays all the court fees, administrator, liquidators legal fees, surely not legal aid, or tax payer
Let's not forget all the other debts that would have to be written of as well, not just CARTs, tradesman, dog poo bin suppliers, window cleaners, car finance etc etc anybody that traded with Lillie and Pillings.
When do the liquidation accounts come out? All creditors get a copy by law don't they?
Col
The only other creditors are CRT and the long lease holders, who will be satisfied if the successors to the title of the freehold (PLT) honour their leases.
....and if I was a millionaire, I would pay the IP out of my own money, to make sure that my interests were protected.
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It could be that the 'title' alone is good enough.
RR seems to be a 'high flyer' and is at the top of everything he does - without looking at his facebook page and from memory he was somehing like 'student of the year', chairman of the 'young solicitors' group etc etc.
What up & coming 20 year old wouldn't want "Company Director" on his CV ?
I don't think the title of "Company Director" holds that much kudos. When I was getting married, at the age of 25, many, many years ago, I had to arrange with the curate of my parish church for the Banns to be read.
When filling in the form, he asked for my occupation. ............" er.. company director" was my hesitant reply.
He retorted "What, of a market stall ?".
What a pr*ck, still annoys me when I think about it !
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The "mortgage or charge" you mention is a Mortgage Debenture by National Westminster Bank. This is a floating charge over all the assets of the company and gives the Bank extensive powers, especially the right to appoint an administrator or administrative receiver.I regret that I am insufficiently interested to invest a quid and find out who the shareholders are...
Carpet wallah pointed out a few posts ago that PLM now has a 1.1M hole in its finances (after writing off money owed by QMP), and speculated that this was unsecured debt. Companies House reports a mortgage or charge dating from 2008 against them, so at least some of their debt is secured.
Assuming the Bank is owed money by PLM, when they see the latest accounts they will wanting to speak to PL quite urgently, I would think.
Considering PLM has relatively little in tangible assets, the Bank might be considered imprudent to have loaned more than a limited figure to PLM. That is why I have speculated that most of the £1.1 is probably extra borrowings from Steadman.
The new company has to be there to acquire PLM's assets if the Bank realises that the company is insolvent, make a preemtive strike and sends in the receivers.
Edited to add
Of course, Mr Steadman may make the preemtive strike himself and go for volutary liquidation.
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Here's a date for your diaries: 31 March 2014. That's the last day that the accounts for Pillings Lock Marina Ltd, to 30/6/13, have to be filed at Companies House.
The interesting thing is that the last set of accounts show quite a healthy position - EXCEPT that they show current assets of about £1.6m a similar figure to the unsecured debt from QMP. On the face of it, that asset may largely evaporate when the IP has finished his work.
Balancing that were current creditors of about £1.2m. One could speculate that the bulk of that may be additional money put in by Mr Steadman and possibly some borrowing from NatWest, who have a mortgage debenture filed. I believe this gives the bank fairly extensive powers if they started getting twitchy about any loans or overdrafts they have extended to a client company.
It will be interesting to see what qualifying comments the accountant has appended, when the accounts appear.
Watch this space. .......
EXCEPT that, those accounts are as at the 30th June 2013. The £1.6m current assets were just that, on that date.
The accounts may well have been filed complete with qualifying comments long before QMP hit the buffers.
MtB
Well, the accounts for PLM are now filed at Companies House.
Even though the £1.6m owing from QMP was still live as at 30/6/13, it has now been written off in the accounts, in view of subsequent events.
PLM now has a nett black hole of £1.1m +. Apart from any money that may or may not be owed to the bank, one would be tempted to speculate that this is mainly unsecured lending to the company M Steadmen.
If so, this is more money that he stands to lose in this tangled web.
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Last summer we heard of two separate sightings of water voles near Hurleston on the Shroppie. That'll be the end of them, then. How sad.
I still haven't seen a water vole for decades, but we did see a mink moving it's young, one by one, in a BW yard near the top of the Hatton Flight. It was just as you describe.
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I wouldn't go to Chester, if I were you. Friends took me there on a canal boat, 47 years ago and I've been hooked ever since.
Seriously, though, the 21.5 hrs and 43 hours quoted are red herrings. I have looked at CanalPlan myself and it reckons the RETURN journey, Anderton to Christleton would take about 4 x 7.5 hour days.
Allowing for a bit of inexperience and high season, you should still have a bit of time to look round. You will have to queue at some of the locks, time for a chat. Don't be afraid to ask for help.
Print off the CanalPlan route, before you go. It will have all the estimated timings and waypoints. You will find it a useful guide and reassurance when you are working out where you want to be at the end of each day.
Keep an eye on the little one and enjoy !
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Here's a date for your diaries: 31 March 2014. That's the last day that the accounts for Pillings Lock Marina Ltd, to 30/6/13, have to be filed at Companies House.
The interesting thing is that the last set of accounts show quite a healthy position - EXCEPT that they show current assets of about £1.6m a similar figure to the unsecured debt from QMP. On the face of it, that asset may largely evaporate when the IP has finished his work.
Balancing that were current creditors of about £1.2m. One could speculate that the bulk of that may be additional money put in by Mr Steadman and possibly some borrowing from NatWest, who have a mortgage debenture filed. I believe this gives the bank fairly extensive powers if they started getting twitchy about any loans or overdrafts they have extended to a client company.
It will be interesting to see what qualifying comments the accountant has appended, when the accounts appear.
Watch this space. .......
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PeterX
As you are no doubt aware, legislation is often somewhat ambiguous and it relies on case law as to how that legislation is to be interpreted. Such is the case in respect of the case I cited and I was actually referring not to the legislation but a ruling in the High Court which clarified the position. Quite why I did not post a link to the case mystifies me but it is at
http://www.allens.com.au/pubs/insol/foinsol5dec13.htm
I take your point that it may seem unfair but when a liquidation occurs there is frequently a list of those suffering financial loss without them being in any way culpable. Any lease will represent a contractual arrangement between the owner of a property and a tenant. If the landlord goes belly-up then, following the High Court case, the IP can declaim the lease and, should they so choose, require the tenant to vacate the property.
Can I ask: does a bizarre decision by an Australian High Court count as legal precedent in England?
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1) This is the source of the intrigue here:1). "........Intriguingly QMP's fixed assets suffered a total depreciation of 1,344,520 in the period from its incorporation up to June 2011; I doubt the land and buildings could have lost that much value, even though the land has a leisure use and there was a big recession. Was PL keen to write it down? If a magnificent uninsured building on the site had been destroyed I think someone would have mentioned it."
2). ".Another point of some interest is that the debt to Mr Steadman seems to remain constant at 2,750,000 each year; it's an amount falling due after more than one year, i.e. QMP hasn't been required to make payments on the mortgage.".
QUORN MARINA PROPERTIES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
For the Year Ended 30 June 2009
1.2 GOING CONCERN
During the year an impairment provision of £1,344,520 was made on THE COMPANY'S FREEHOLD PROPERTY and as a result the company had a balance sheet deficit of £1,739,563 on the 30 June 2009.
The accounts have been prepared on a going concern basis on the understanding the the parent company, other group company and M Steadman will continue to financially support the company until sufficient future rental income is received to repay them.
2). I would suggest that the reason that the long term liability to Steadman hasn't altered is that it's set up as a fixed, interest only mortgage. It may have been JL that disclosed (who else would know?) that regular payments of £10,000 were being made by QMP to MS. If this was interest, it would not be an unreasonable rate on £2.75m.
What gets me (and a lot of other people on here) is what the hell kind of lease agreement exists between QMP and PLM?
If it were a normal, arms length transaction between a landlord and lessee it would be for a set term and rent. If the lessee had insufficient income from moorers to pay the rent, why should the landlord need financially supporting by the tenant?
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No, no, no. I thought we had sorted this out. Whatever else is true or false, QMP own the FREEHOLD. Apart, from anything else, it says so in the 2009 accounts, where the freehold was devalued from about £3.6 m from memory, to the value stated in the last accounts.
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The ones who have paid he £1000's and leased the car park space / mooring look as if they will lose it after the liquidation is complete.
The IP has shown the Lease Holders as unsecured creditors, so when the compnay is wound up, the leases look as if they will be annulled and the 'lease-holders' will lose their money.
If thats the case then - YES they will lose their money.
The £444,000 odd paid by the poor long-lease holders is listed on the IP's creditors list as a "contingent liability". This means that is by no means certain whether it is a liability, because it is dependant on the outcome of a future event or events. Even if there is a slight risk that the leases will not be honoured, then the debts must be listed.
Obviously, the fate of PLMLtd, the marina itself, and the outcome of any legal action, in view of the fact that these folk apparently have their leases registered with Land Registry are all factors.
Bascote Staircase GU Closed
in Stoppages
Posted · Edited by carpet wallah
Typo
Mathematicians out there? If it takes about 5 minutes to get a boat through bridge 102 (as it did yesterday). ... how long does it take to get the same boat through a twisty 2,000+ yard tunnel? Perhaps it has already been achieved? Anybody know?
Anybody waiting?
And Blisworth? Seem to remember it being rather unfriendly to high cabin edges. ... that’s gonna take an awful lot of bow thrusting in the process?