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S&D Railway Trust

Discussion in 'Heritage Railways & Centres in the UK' started by Andy Norman, Feb 24, 2020.

  1. 35B

    35B Nat Pres stalwart

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    And again, the contrast between the attitudes of the two organisations leaps out to the casual reader.


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  2. RailWest

    RailWest Part of the furniture

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    Indeed. IMHO a very restrained and tactfully non-confrontational response.
     
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  3. Bayard

    Bayard Well-Known Member

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    The probability is that it did, but the view was taken that there is no point in keeping a pot of money for 53808's overhaul if the company has gone bust by the time that the overhaul is due.
     
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  4. Bayard

    Bayard Well-Known Member

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    and all of which has been comparable to the likelihood of porcine aviation displays at the next gala since then, too.
     
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  5. simon

    simon Resident of Nat Pres

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    No, as per my previous post, a provision doesn't equal cash. A provision is merely a way of reflecting the fact that you are contractual oblige, in this case, to preform a service in the future. (In this case an overhaul)
     
  6. Piggy

    Piggy Member

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    ALSO: A provision is an amount that you ALLOW in your accounts to cover a future liability. If that amount is not backed by available funds, isn't that simply fraudulent ?
     
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  7. simon

    simon Resident of Nat Pres

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    Short answer: no

    Longer answer, there is a world of difference between a P&L account provision and cash in the bank.
     
  8. flying scotsman123

    flying scotsman123 Resident of Nat Pres

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    Does the fact that it was provision that's been cut rather than hard cash set aside dipped into make it better or worse? I suppose you could be a little more sympathetic to dipping into some cash you'd actually set aside if things were really tough and you needed something quick, but cutting the provision shows that you're not even intending to try and adequately cover costs?

    Anyway, as ever reading the two latest statements side by side, on the face of it I know where my sympathies lie. Whatever the result of the arbitration, the S&D Trust can hold their heads high, and the less said about various figures in WSR leadership positions the better.
     
  9. 35B

    35B Nat Pres stalwart

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    Worse, IMHO. It suggests a question of intent and reinforces the perception that the upturn in the plc accounts is engineered.


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  10. Greenway

    Greenway Part of the furniture

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    A prophetic comment - ruins etc. ;)
     
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  11. JBTEvans

    JBTEvans Well-Known Member

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    Have you read the statement or not?

    The SDJRT seem like rubbish tenants to me. Not willing to engage in anything that will promote their activities and do unsafe acts. I can't see any justification in lighting up a steam engine using a gas heater. They are extremely lucky nothing seriously bad happened. I guess the person who did that isn't a member of mensa.
     
  12. JBTEvans

    JBTEvans Well-Known Member

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    They overhauled 9351, although that wouldn't account for that much of a drop off.
     
  13. flying scotsman123

    flying scotsman123 Resident of Nat Pres

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    According to the WSR. The fact that that statement contained a number of demonstrable inaccuracies casts considerable doubt on the rest of it.
     
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  14. Big Al

    Big Al Nat Pres stalwart Staff Member Moderator

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    Quite a brief response as well. Says quite a lot without actually saying much. I guess there is a thinking, litigation minded brain at work somewhere.
     
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  15. RailWest

    RailWest Part of the furniture

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    >>>>Have you read the statement or not?
    Yes. Do I believe everything that it says? - well, let's just that it is so at odds with what the S&DRT have already stated publicly that it gives rise for doubt.

    >>>The SDJRT seem like rubbish tenants to me...
    In which case, why did the Plc give them a new 50-year lease only two years ago?

    >>>Not willing to engage in anything that will promote their activities.....
    Funny - I thought the argument from the Plc was that the S&DRT were promoting only their own activities and not those of the wider railway?

    >>>..and do unsafe acts..
    Do you have the evidence for this please? The Plc statement merely provides some brief examples, but are there the dates, times, places, names to support their claims? Perhaps there are, but at the moment we just don't know.....
     
  16. JBTEvans

    JBTEvans Well-Known Member

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    If the WSR want them out, they should leave. That's what is a tenancy is, they don't own the land.

    Regardless of if they did anything wrong or not.

    If a landlord of a flat sells up, the renter has to go. End of.
     
  17. ghost

    ghost Part of the furniture

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    No it's not

    So, no room for justice in your world then?

    Not true

    Keith
     
  18. flying scotsman123

    flying scotsman123 Resident of Nat Pres

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    Er, no. If you've signed a 50 year lease just 2 years ago, you emphatically don't just get to chuck your tenants out unless you have a damned good reason. So far the reasons the WSR has given have been decidedly flimsy.
     
  19. JBTEvans

    JBTEvans Well-Known Member

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    They've just said there have been numerous unsafe acts including ones that were publicly reported to the ORR. Do you really think the WSR PLC made that up?
     
  20. flying scotsman123

    flying scotsman123 Resident of Nat Pres

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    To be blunt, yes. That statement had enough things that are demonstrably untrue, inaccurate or half-truths to make me doubt the authenticity of other statements.
     

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