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[202X] Project Horizon (SW9?): Planning Approved

Blackrock said:
Planning permission wise maybe they’re just not that stressed about it lapsing, they received the go ahead extremely quickly and mostly likely will do again even if it lapsed.
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The thing with planning though, is a lot hinges on “if we build this, it’ll generate x income for us and x income for the local area. It’ll be great for us!”

When the planning lapses and they try to resubmit, the opposition comes back and says “well you’ve made a profit without it and you can’t have needed it that much” so it’s not as simple as they got permission once so they’ll get it again.
 
Hid said:
So they can still invest just have to be more strategic
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Pretty much…

Maybe worth reading the post as we’re going way off topic but in short the strategy seems to be streamline the business (reduce departmental overheads / synergies across the group) and dispose of anything that isn’t providing the desired investment return (Sea Life for instance - doesn’t mean it’s not a profitable business)
 
AltonLover123 said:
The thing with planning though, is a lot hinges on “if we build this, it’ll generate x income for us and x income for the local area. It’ll be great for us!”

When the planning lapses and they try to resubmit, the opposition comes back and says “well you’ve made a profit without it and you can’t have needed it that much” so it’s not as simple as they got permission once so they’ll get it again.
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I think they’ll get it relatively easy if they went in for it again, the local council want the park to succeed especially in the wake of Universal opening up a couple of hours down the road.

I think planning applications in general will be given far more leeway than they previously would have been, there’ll also be less objections locally.
 
Jb85 said:
As I wrote in another thread - they don’t have financial issues just cash flow is a negative £200m in this years accounts.

Taking out accounting adjustments the business is still profitable
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That means that £200 million less has come the business than has been spent. It isn't the asset/estate write off (which is still very bad despite what many seem to think).
 
You'll be aware that it's one of the things investors and creditors are most interested in, then. Combined with a recent large writing off of asset/estate values, against which loans are secured, they have a huge mountain to climb simply to survive in their current structure.
 
Tom said:
You'll be aware that it's one of the things investors and creditors are most interested in, then. Combined with a writing off of asset/estate value, against which loans are secured, they have a huge mountain to climb simply to survive in their current structure.
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There certainly needs to be some restructure yes, but to say they are struggling is far fetched
 
Jb85 said:
I’m an accountant I know what it means. It doesn’t necessarily refer to profit or loss ….
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I find it so funny everybody keeps trying to tell you about accounting @Jb85 , I'm half thinking you should put it in your signature haha.
jon81uk said:
The existence of "old restrictions" is questionable anyway. I think @Squiggs has said before that there isn't actually any hard set rules, just general guidance. Its possible that AT could ask for planning permission for a coaster taller than the treeline and it be permitted in the right part of the park, but also something shorter in the wrong part, closer to the village is not allowed. But also the era of trying to break records is slightly behind us and more coasters now are centred on the overall experience being fun and immersive.
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Going back to this, I believe when Tussauds bought the park they were very open that they wanted to develop the site significantly and I think they made it pretty clear they wanted to do this with respect for the site's history. This was probably done with the intetion of making planning easier to obtain. It's far easier for Towers/Merlin to work within sensible guidelines and keep locals on side then it would be to ram through planning permission for something that's going to ruin the local area's views.
 
They stripped out attraction/park dedicated marketing people and a few other roles which were centralised across the U.K./Europe.

I see Alton’s operations manager has left. Unsure if they are stripping out that role or something else has happened.

We are also waiting to see if/how Sammut’s role is replaced.
 
Tom said:
I see Alton’s operations manager has left. Unsure if they are stripping out that role or something else has happened.

We are also waiting to see if/how Sammut’s role is replaced.
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Ops manager role is being advertised:

Senior Park Operations Manager in Stoke-on-Trent, Staffordshire | Careers at Alton Towers Resort

About the Role Alton Towers Resort is on the lookout for a passionate and experienced Senior Park Operations Manager to lead the charge in delivering safe, seamless, and unforgettable experiences for millions of guests each year. This is a senior leadership position at the very heart of our...
careers-uk-merlinentertainments.icims.com

As is the VP role. Although it doesn’t appear to cover anything on the resort side which suggests they might be moving reporting lines/responsibilities around?

 
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