elliotn
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Post by elliotn on Mar 23, 2018 9:30:35 GMT
How can you produce the current market value of a pub without sight of the trading figures? A pub is a business. I suppose that if you valued it as a business, you could not then add on the supposed 'in situ' value of a small modular building and its decking and seating and catering equipment. But I've seen worse. Trading Figures to Feb 2018 for the C&A are available as a download. But the VR states the valuer had not seen them.
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blender
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Post by blender on Mar 23, 2018 9:34:07 GMT
How can you produce the current market value of a pub without sight of the trading figures? A pub is a business. I suppose that if you valued it as a business, you could not then add on the supposed 'in situ' value of a small modular building and its decking and seating and catering equipment. But I've seen worse. Trading Figures to Feb 2018 for the C&A are available as a download. Management accounts for a part year, but the valuation took no account of trading figures. Two years' VAT returns would be nice. I would expect it to have decent trading figures and record before the four years are up, and to re-finance.
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ablender
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Post by ablender on Mar 23, 2018 9:34:48 GMT
Is instant returns available for this loan?
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Post by ablrate on Mar 23, 2018 9:51:18 GMT
Is instant returns available for this loan? Yes it is
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mason
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Post by mason on Mar 23, 2018 11:21:03 GMT
A concern has been raised as to whether the pub is currently open for business. ablrate could you confirm the situation for lenders?
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victors
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Post by victors on Mar 23, 2018 11:40:50 GMT
Lookin on TripAdvisor it seems to get very good reviews.
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lucky
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Post by lucky on Mar 23, 2018 12:12:10 GMT
A concern has been raised as to whether the pub is currently open for business. ablrate could you confirm the situation for lenders? Looks like the pub has shut very recently due to a dispute between the licensee and the owner.
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Post by ablrate on Mar 23, 2018 12:18:39 GMT
Just put a call into the borrower..... will report back.
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mason
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Post by mason on Mar 23, 2018 12:30:04 GMT
Looks like the pub has shut very recently due to a dispute between the licensee and the owner. Yeah, the source of the information was shared this morning on DD Central. It warrants some clarification and awareness by those not able to see it over there.
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Post by ablrate on Mar 23, 2018 12:47:36 GMT
The manager of the pub had been looking to manage two pubs. This proved not to be ideal for the owner. A new temporary manager is starting on Monday alongside the existing staff and interviews for permanent managers are being undertaken. Obviously this does not affect the security value.
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elliotn
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Post by elliotn on Mar 23, 2018 13:50:15 GMT
The manager of the pub had been looking to manage two pubs. This proved not to be ideal for the owner. A new temporary manager is starting on Monday alongside the existing staff and interviews for permanent managers are being undertaken. Obviously this does not affect the security value. Correct. The valuer denied all knowledge of earnings so any transitory dip could have no bearing on their valuation.
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blender
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Post by blender on Mar 23, 2018 13:56:16 GMT
I guess the owner is quite keen to encourage the managers of the underperforming assets he buys, to quickly improve turnover and trading profit, and thereby to reduce his financing costs. Jolly good show!
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elliotn
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Post by elliotn on Mar 23, 2018 14:07:46 GMT
A concern has been raised as to whether the pub is currently open for business. ablrate could you confirm the situation for lenders? Looks like the pub has shut very recently due to a dispute between the licensee and the owner. I dunno. You pop in for a pint of Mark's finest and he expects you to haul your boat up to the Rxxx Axx Axxxxx...enough to make any half decent punter cross!
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blender
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Post by blender on Mar 23, 2018 14:56:35 GMT
Looks like the pub has shut very recently due to a dispute between the licensee and the owner. I dunno. You pop in for a pint of Mark's finest and he expects you to haul your boat up to the Rxxx Axx Axxxxx...enough to make any half decent punter cross! And now, the initial '*' has fallen off the pub sign. Someone's for the chop.
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Steerpike
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Post by Steerpike on Mar 23, 2018 15:03:45 GMT
Looking at the photograph I don't particularly like the spacing used between C**** and and and and and A*****
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