Council borrowed £20m in 2022/23, but must repay £35m by 2027/28
Both the Greens & Labour have promised to build more Council homes in their manifesto’s during their campaign. Neither party had sight of the accounts for 2022/23, [...]
Debt
Council’s Property Development Company Otterpool Park request a further £80m
Perhaps Cllr Susan Carey was right after all when she said we should sell Otterpool Park in February 2023. I say that as the company set up to deliver the Otterpool Project, [...]
Interest payments on Council debt costs to rise by 88% in 2022/23.
Folkestone & Hythe District Council, like all other Council’s can only borrow against future revenue streams, as legislation prohibits borrowing against capital [...]
Council Tax rises to add to cost of living misery for Kent residents
Two down, three to go. It’s that time of the year Parish Councils, District Council’s the County Council, Kent Police and Kent Fire & Rescue Service (KFRS), [...]
The Grand Stainer Sting
Mortgage lenders, some of whom are household names, must rue the day they lent money to the Stainers, as they count the losses they are making on the 19 Stainer flats. Now we [...]
Encore via two offshore locations take over chasing debtors for Affinity Water
They are the UK’s biggest debt collector, Cabot Credit Management. Cabot buys debts and loans in arrears from banks, utilities, telecom companies and local authorities, and [...]
28% of all Households in the district are claiming Council Tax Reduction
Figures revealed by Folkestone & Hythe District Council Cabinet Member, Tim Prater, make it clear that 28% of chargeable households for Council tax are in receipt of [...]
Council snap up Debenhams and debt repayment rises by 184% on £60 million of commercial investments
So as our public face predicted in April 2019 the Council have bought the former Debenhams building for a mark up of 2,482% and increased its debt repayments for it’s [...]
The Stainer Mortgage Crisis
Every so often, Xmas comes early for those who believe in casting light into dark places. One such dark place is how Michael Stainer (pictured) has financed his activities [...]
Drowning in Debt
Behind all the legal shenanigans that make up a typical week at the Grand (pictured below), there is one inescapable fact. Debt……. “Creditors to right of them, [...]
The Grand Escape — or Stainer’s Surrender?
What links the two pictures below? In a word “debt” On the left is a picture of the Marshalsea, immortalised in Dickens’s “Little Dorrit”. It housed a variety of [...]
Cllr David Wimble Council Tax Arrears
Exclusive The Shepwayvox Team can exclusively reveal that Cllr David Wimble (Ind) (pictured) Cabinet Member for the District Economy, responsible for Economic development, [...]
The rise and fall of Joanna Strickland
Joanna Strickland (pictured) a twice nominated Kent Business woman in 2016 & 2018 has left a trail of debt and trouble behind her and fled Folkestone to live life in [...]
Turner Schools Folkestone: Rewarding Failure.
From all the figures now available, Dr Jo Saxton (pictured) Chief Executive and Trustee of of Turner Schools is being financially rewarded for failing her pupils, her staff [...]
The Grand: “The Merry Go round stops”
With those words, Michael Stainer knew that his final appeal against personal bankruptcy was doomed. Appearing before Chief Bankruptcy Registrar Briggs in the High Court on [...]
Court costs and debt creation.
If you fail to pay your Council Tax – for whatever reason – within the permitted time, Folkestone & Hythe District Council will send you a reminder. If you [...]
Wanted – Help us help Michael Stainer.
Like all law-abiding citizens, we are firm believers in the rule of law. People who commit crimes should be apprehended, charged, prosecuted and if found guilty, sentenced [...]
Good for one’s wellbeing? You can ponder that.
Updated Midday 26/02/18 Running alongside Shepway District Council’s Draft Places & Policies Local Plan Feb 2018 (PPLP), according to SDC’s payment to [...]
Price tag
Between 50 and 60 jobs will be axed at Shepway District Council. The redundancy forecast costs are £2.3 million according to SDC’s, Future Operating Model [...]
Winding-up Stainer.
Since 2003 somebody has been winding up Mr. Michael Stainer (pictured). His companies have been wound up no less than six times. On all six occasions the petition to wind-up [...]
SDC’s B&B Costs Rise to £900,000
Shepway District Council’s Bed & Breakfast costs have risen to their highest level ever. In September costs stood at £657,958 and with October’s and [...]
Shepway District Council’s Draft Statement of Accounts 16/17 Is A Mixed Bag.
Naughty, naughty, Shepway District Council (SDC) has been naughty. The annual inspection_of the Accounts 2016-2017 where you the members of the public can inspect the [...]
Policy 1 – Part 2: More Debt & Some Solutions.
There are two catergories of debt, one is on book debt , this the £1 Billion we can see on KCC accounts. The second type debt is off the book debt, such as PFI. All KCC debt [...]
Super Council Could Have £1 Billion Super Debt.
According to Kent Bloggers, the Shepwayvox Team and former Green Party Thanet Councillor turned blogger Ian Driver, plans to create an East Kent super council, consisting [...]
A Referendum, A Super Council & a Whole Load of Debt.
Shepway District Council (SDC) becoming part of the Super Council, is the most important decision SDC have made since they became a district council in 1974. Therefore we [...]