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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
 
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