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Post by MoneyThing on Oct 26, 2016 15:42:38 GMT
I was in Wigan today and, as another tranche is imminent, I thought I would have a look at how the hotel is getting along. There is now scaffolding over what would be the main entrance. The adjoining office block is still in use. I suspect there is far more work going on inside the building than outside. Fencing is now up around part of the site and, although not obvious from this photo, an awful lot of rubble has been removed since the loan’s launch. This is a rear corner leading to the service yard. So, the site has progressed and work is still going on today. Great service - thanks! I can see a competition coming on for the petrol-heads... who can work out what type of car hoy uses for his PI work! 
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jcm9000
Member of DD Central
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Post by jcm9000 on Oct 26, 2016 16:00:14 GMT
I like it! At first i thought Z4 rear, then thought nah, that must be the front a car surely, maybe the new MX5. Let the games begin!
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Jeepers
Member of DD Central
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Post by Jeepers on Oct 26, 2016 16:09:08 GMT
BMW 3 Series.
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littonowl
Member of DD Central
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Post by littonowl on Oct 26, 2016 17:01:34 GMT
Thanks very much hoy, kind of you to share your findings with us. |
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gurberly
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Post by gurberly on Oct 26, 2016 18:30:39 GMT
Yes thanks Hoy It's always great to see local foot on the ground "punter" updates. Dave |
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littonowl
Member of DD Central
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Post by littonowl on Oct 26, 2016 21:09:18 GMT
Thanks very much hoy , kind of you to share your findings with us. WAWAW Indeed! UTO! 
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hantsowl
Member of DD Central
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Post by hantsowl on Oct 26, 2016 21:26:17 GMT
Indeed! UTO! Most certainly !! 👍
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Post by uncletone on Oct 27, 2016 9:16:36 GMT
And a grunt and point from me. |
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Post by Deleted on Oct 27, 2016 13:56:04 GMT
Sure is going to be one ugly hotel
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fp
Posts: 1,008
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Post by fp on Jan 9, 2017 11:36:53 GMT
Insurance
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fp
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Post by fp on Jan 9, 2017 11:44:39 GMT
Would insurance excesses be "costing thousands of pounds"? It's more the fact that such significant events were not mentioned in the updates that I find more annoying. Not usually
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Post by bengilbert on Jan 9, 2017 11:55:33 GMT
As there's another tranche of this loan due soon, I thought I'd take a look at how the hotel is getting on. According to the MT web updates in Nov and Dec the loan is "going well" or "progressing very well". - a bit Saving Streamesque imho. The last tranche was launched in October yet at the time no mention was made of the two site break ins and burglaries that had taken place in Sep. and cost "thousands of pounds" - the owner's words, not mine. I quote: "
Thousands of pounds of cabling, copper pipes and power tools have been stolen from the premises which are currently being converted into a *hotel*.
Owner ** is also facing a repair bill for damages caused during the burglaries which included two smashed exterior doors.
He said today that he believes two different groups were responsible: the first being a trio of youths and the second a more “professional” gang who took more care in avoiding identification.
...
Mr *, who has since introduced further security improvements, said: “This is very upsetting. All told this is costing thousands of pounds in lost property and damage repairs."Was the last tranche used to pay for materials that had been stolen and repair damage to completed works? Is this project now "financially" behind schedule? - thanks for bringing this to our attention. We'll speak to the borrower and see what comments he has. I would imagine that, though frustrating, the sums involved are not large in the context of the entire development, and are likely in any case to be covered by insurance. We have no reason to think that these events of a few months ago have caused any material delays. In any case, I'll post again once we've addressed this with the borrower.
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Post by bengilbert on Jan 9, 2017 12:50:15 GMT
We've spoken to the borrower. He told us that he didn't see the matter as particularly important, as theft is often a problem on building sites and the amount involved wasn't especially large. He went to the papers with the story himself, as recommended to him by the police, with the idea that having it in the paper would reduce the chance of anything happening again (with the CCTV footage published and information about improved security measures). He is still evaluating whether it makes financial sense to claim on the insurance (the loss wasn't large and needs to be weighed against potential future increases in premiums).
We told him that in any case he should have kept us informed, and asked him to make sure that he informs us in future about any similar events.
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GeorgeT
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Post by GeorgeT on Jan 9, 2017 14:57:20 GMT
A first class response from Mr Ben Gilbert and what a speedy one as well . communication communication communication send information information information, that's what we love
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,156
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Post by ozboy on Jan 10, 2017 22:36:23 GMT
Yes, very well done Mr Gilbert, excellent. I only wish that one or more other Platforms would take note and respond similarly, they know who they are!! |
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