It looks like Sparks York – who are responsible for the shipping container village eyesore on Piccadilly – have just managed to get their April 2017 accounts in to Company House by the 18th December deadline. They should be available to view on line next week.
Coincidentally, The Press have run a story today based on the FOI findings published a few weeks ago. Although a representative of Sparks has made a statement saying that everything will be all right in the end, and that the Council will recover its £40,000 investment in the project, there has been no statement from the Council itself.
This is strange given that the storage containers were parked of the Council owned Piccadilly site for 2 months before a” tenancy at will” was signed.
Nor has there been any explanation of the precedence of a debenture loan taken out by Sparks in July and its effect on the Councils equity financial safety-net.
The decision to expand the area to be leased to Sparks – effectively rent free until the “village” starts trading – was made by the Leader of the Council David Carr last week.
No attempt was made to ask for an updated business plan which reflected the much-reduced period of tenure that the village will have (assuming it ever opens for business) nor were any questions asked about the company’s financial position and debts.
It could be an uncomfortable couple of months for Cllr Carr with a difficult annual budget meeting in prospect and the repercussions from his impulsive decision to sack two LibDem members of his Cabinet, coming to a head.
It is now “time up” for the investigations into the allegations arising out an information “leak” from the York Council.
Cllr Carrs decision to ask for a police investigation – into something that could never have been a criminal matter – raises serious question about his judgement.
Now he is also being implicated in the emerging West Yorkshire Combined Authority/LEP financial scandal highlighted by the Yorkshire Post at the weekend.
Incredibly the Authority seems to be flirting with the long discredited estate agent’s jamboree (Le Marché International des Professionnels de l’immobilier) which takes place in Cannes each year.
Attendance at the hugely expensive jamboree was a factor in bringing down the last Labour administration in the City.
According to one source, the West Yorkshire authority (which includes York) intend to charter their own aircraft to go to Cannes this year!