Sad end for Historic warships
Moderator: Laurence Batchelor
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psships
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- Location: StHelens UK
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Victorious
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- Location: Tamworth, Staffs, Home of No1 Drydock
- ARH
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- Location: Land of the Cheshire cat
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psships
- Posts: 145
- Joined: Fri Jul 08, 2005 7:17 am
- Location: StHelens UK
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I will be there for the next two weeks Victorious, please pm or email me for details, please do it off board as this is going mad now, you can get me throught my profile or through my linked website, but, here it is anyway.
http://www.psships.com
thanks guys keep it up.
http://www.psships.com
thanks guys keep it up.
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psships
- Posts: 145
- Joined: Fri Jul 08, 2005 7:17 am
- Location: StHelens UK
- Contact:
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psships
- Posts: 145
- Joined: Fri Jul 08, 2005 7:17 am
- Location: StHelens UK
- Contact:
- ARH
- Posts: 2557
- Joined: Mon Jan 10, 2005 10:52 am
- Location: Land of the Cheshire cat
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psships
- Posts: 145
- Joined: Fri Jul 08, 2005 7:17 am
- Location: StHelens UK
- Contact:
- ARH
- Posts: 2557
- Joined: Mon Jan 10, 2005 10:52 am
- Location: Land of the Cheshire cat
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psships
- Posts: 145
- Joined: Fri Jul 08, 2005 7:17 am
- Location: StHelens UK
- Contact:
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psships
- Posts: 145
- Joined: Fri Jul 08, 2005 7:17 am
- Location: StHelens UK
- Contact:
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psships
- Posts: 145
- Joined: Fri Jul 08, 2005 7:17 am
- Location: StHelens UK
- Contact:
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Victorious
- Posts: 395
- Joined: Mon Jun 06, 2005 3:24 pm
- Location: Tamworth, Staffs, Home of No1 Drydock
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psships
- Posts: 145
- Joined: Fri Jul 08, 2005 7:17 am
- Location: StHelens UK
- Contact:
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Victorious
- Posts: 395
- Joined: Mon Jun 06, 2005 3:24 pm
- Location: Tamworth, Staffs, Home of No1 Drydock
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Luke.Sim
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Felix B.
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A Reply From Tom Harney - Wirral Council
Hello all,
I emailed the council members listed by Paul and got one reply so far from Tom Harney. He said that since the council doesn't own the ships nor the dockyards they are currently at he does share our concerns. He attached a briefing document the contents of which I am posting here. Sounds like the Trust is in financial dire straits.
BRIEFING NOTE � JANUARY 17, 2006
WARSHIP PRESERVATION TRUST LIMITED
1. You may have heard that the Warship Preservation Trust Limited has decided, reluctantly, to go into voluntary liquidation.
2. As you may know the Council has supported the Trust over many years helping them to secure significant regeneration funding. We have worked very closely with them, particularly over the last six months, to try and address some of the internal financial issues they faced.
3. Unfortunately costs have been rising and visitor numbers have been falling over the past few years, and this has meant that the Trust has been operating at a loss of approximately �50,000 - �60,000 per annum. This is projected to continue on their current cashflow projections.
4. The Trust has continued to trade only because of a wealthy benefactor, Sir Philip Goodhart, but he has decided to withdraw his financial resources from June 2006 due to his retirement.
5. The Trust has made strenuous efforts to find another benefactor but has been unsuccessful.
6. Coupled with this, the Trust, because of its financial position, has fallen behind with its planned maintenance programme for the vessels. The Trust advise that the vessels now need urgent dry docking so that works can be undertaken to the hulls of the vessels. The costs will run into tens of thousands of pounds and the Trust advise they have no way of meeting this cost. There is a prospect that if they cannot undertake these works soon, then they will not be able to maintain their insurance for the vessels.
7. The vessels will need to be relocated because of the redevelopment of the adjacent listed warehouses but this could have been arranged through joint working with the Trust, MDHC and Council. The more fundamental issue for the Trust was their financial position and the implications for the Trustees/Directors under Company and Charity Law if they had not acted.
8. The U 534 is owned by a Danish Company and we are advising them of the current situation and exploring options. A report back will be given in due course.
9. I am now trying to contact the Liquidator to discuss the options for the vessels and then discuss this further with Peel/MDHC. I will report further to you when I have that information.
10. Officers are continuing to work on the options that may be available and a report is being prepared for Cabinet on January 25, 2006.
11. If you require any further information then please do not hesitate to contact me.
David Ball
Head of Housing and Regeneration
Tel: 691-8395
I emailed the council members listed by Paul and got one reply so far from Tom Harney. He said that since the council doesn't own the ships nor the dockyards they are currently at he does share our concerns. He attached a briefing document the contents of which I am posting here. Sounds like the Trust is in financial dire straits.
BRIEFING NOTE � JANUARY 17, 2006
WARSHIP PRESERVATION TRUST LIMITED
1. You may have heard that the Warship Preservation Trust Limited has decided, reluctantly, to go into voluntary liquidation.
2. As you may know the Council has supported the Trust over many years helping them to secure significant regeneration funding. We have worked very closely with them, particularly over the last six months, to try and address some of the internal financial issues they faced.
3. Unfortunately costs have been rising and visitor numbers have been falling over the past few years, and this has meant that the Trust has been operating at a loss of approximately �50,000 - �60,000 per annum. This is projected to continue on their current cashflow projections.
4. The Trust has continued to trade only because of a wealthy benefactor, Sir Philip Goodhart, but he has decided to withdraw his financial resources from June 2006 due to his retirement.
5. The Trust has made strenuous efforts to find another benefactor but has been unsuccessful.
6. Coupled with this, the Trust, because of its financial position, has fallen behind with its planned maintenance programme for the vessels. The Trust advise that the vessels now need urgent dry docking so that works can be undertaken to the hulls of the vessels. The costs will run into tens of thousands of pounds and the Trust advise they have no way of meeting this cost. There is a prospect that if they cannot undertake these works soon, then they will not be able to maintain their insurance for the vessels.
7. The vessels will need to be relocated because of the redevelopment of the adjacent listed warehouses but this could have been arranged through joint working with the Trust, MDHC and Council. The more fundamental issue for the Trust was their financial position and the implications for the Trustees/Directors under Company and Charity Law if they had not acted.
8. The U 534 is owned by a Danish Company and we are advising them of the current situation and exploring options. A report back will be given in due course.
9. I am now trying to contact the Liquidator to discuss the options for the vessels and then discuss this further with Peel/MDHC. I will report further to you when I have that information.
10. Officers are continuing to work on the options that may be available and a report is being prepared for Cabinet on January 25, 2006.
11. If you require any further information then please do not hesitate to contact me.
David Ball
Head of Housing and Regeneration
Tel: 691-8395
