NoTailT Posted May 3, 2022 Share Posted May 3, 2022 Extra Fancy which operated Peggys. circa £30k in grants for adaptations to the post-COVID world and premises support in addition to the applicable salary support schemes etc, but now closed the venue and looking for alternative premises. Where's the clawback for the Gov in scenarios like this? Quote Link to comment Share on other sites More sharing options...
Last Ten Posted May 3, 2022 Share Posted May 3, 2022 12 minutes ago, NoTailT said: Other highlight ones in salary support: Black Grace Cowely... £212k? Weren't estate agents having a goddamn boom during COVID? Comis £395k in addition to the eyewatering strategic capacity payments PLUS the prison payments. Same with Sleepwell and Sefton. Mega amounts of salary support on top of the strategic capacity payments (£1m+ each there). Graylaw International Freight Group Ltd £125k - weren't courier and delivery firms also experiencing massive booms during COVID? Isle of Man Advertising and PR £80k - surely the COVID briefings and all that jazz kept James and co paid well? KWC fuck me £1,222,425. Did parents stop paying fees? Did education come to a halt? I think not. Manx Independent Carriers Ltd £104k same as Graylaw... Its been a fucking free for all by the looks of it.... Isle of Man where you can! 1 Quote Link to comment Share on other sites More sharing options...
cissolt Posted May 3, 2022 Share Posted May 3, 2022 I thought kwc was a charity? You can see why they were reluctant to release the figures 1 Quote Link to comment Share on other sites More sharing options...
NoTailT Posted May 3, 2022 Share Posted May 3, 2022 4 minutes ago, Last Ten said: Its been a fucking free for all by the looks of it.... Isle of Man where you can! Considering the stories I recall during COVID of how badly the small guy suffered. Not eligible for schemes etc. It looks a fucking mess. 3 1 Quote Link to comment Share on other sites More sharing options...
Last Ten Posted May 3, 2022 Share Posted May 3, 2022 Jacksons a newly registered IOM Company £473,192 ffs nearly half a million of tax payers money, absolutely piss take for a UK owned company. 1 Quote Link to comment Share on other sites More sharing options...
reddal Posted May 3, 2022 Share Posted May 3, 2022 The key thing is did the companies make a profit during the pandemic? If they didn't make any profit - but used the government money to keep people in jobs - and avoid govt having to pay as much in benefits etc - then I'd say fair enough, that was the point of it. If they took the govt money and made a tidy profit at the same time - then they were taking the piss. 2 Quote Link to comment Share on other sites More sharing options...
NoTailT Posted May 3, 2022 Share Posted May 3, 2022 5 minutes ago, reddal said: The key thing is did the companies make a profit during the pandemic? If they didn't make any profit - but used the government money to keep people in jobs - and avoid govt having to pay as much in benefits etc - then I'd say fair enough, that was the point of it. If they took the govt money and made a tidy profit at the same time - then they were taking the piss. The schemes said their revenues had to be 80% or less or the jobs were at risk didn't they? Can't remember. Quote Link to comment Share on other sites More sharing options...
reddal Posted May 3, 2022 Share Posted May 3, 2022 Just now, NoTailT said: The schemes said their revenues had to be 80% or less or the jobs were at risk didn't they? Can't remember. There were different rules for different schemes - but for a lot of them they had to demonstrate they had lost > 25% of revenue. Quote Link to comment Share on other sites More sharing options...
germann Posted May 3, 2022 Share Posted May 3, 2022 How does KWC get 1.5m? No reduction in lessons or salaries or fees or enrolment. They would've actually made a surplus from the pandemic due to reduced costs of face to face lessons, activities, etc. Quote Link to comment Share on other sites More sharing options...
reddal Posted May 3, 2022 Share Posted May 3, 2022 7 minutes ago, germann said: How does KWC get 1.5m? No reduction in lessons or salaries or fees or enrolment. They would've actually made a surplus from the pandemic due to reduced costs of face to face lessons, activities, etc. I think KWC discounted their fees during lockdown or they wouldn't have been eligible for the schemes. Again - question is did they profit from it? If the govt money propped them up so they didn't have to close then fine. If they had a great profit because of the govt money then its a scandal. Quote Link to comment Share on other sites More sharing options...
NoTailT Posted May 3, 2022 Share Posted May 3, 2022 10 minutes ago, Youaintseenme said: Greylaw and Manx Indi. Businesses weren't getting their usual deliveries for months. Couriers must have seen a huge downturn with no construction or retail. A few Hello Fresh boxes isn't going to cancel that out. Which is bizarre because they had to take on extra staff during COVID to deal with backlogs and delays due to massive spikes in parcel demand. Quote Link to comment Share on other sites More sharing options...
cissolt Posted May 3, 2022 Share Posted May 3, 2022 5 minutes ago, reddal said: I think KWC discounted their fees during lockdown or they wouldn't have been eligible for the schemes. Again - question is did they profit from it? If the govt money propped them up so they didn't have to close then fine. If they had a great profit because of the govt money then its a scandal. They have a hefty slush fund, although maybe the oligarchs have took some of that away. Quote Link to comment Share on other sites More sharing options...
Bandits Posted May 3, 2022 Author Share Posted May 3, 2022 20 minutes ago, Youaintseenme said: Top Banana. Wow!!! A million pound plus house, a business that is now closed, and tens of thousands of hand outs while others got absolutely nothing. They are even selling the fixtures and fittings online a few hours after this was made public There should be a rounding assessment. Guernsey has brought that in to ensure against excess profits crested by covid support. If a business did well out of the situation there is a set scale to pay the loans back as clearly in hindsight they didn’t need what they claimed. That seems fair as many businesses may well have taken support fearing the worst (which is prudent and which secured cash flow and jobs) only to find out that the situation righted itself within one or two financial years. 1 Quote Link to comment Share on other sites More sharing options...
reddal Posted May 3, 2022 Share Posted May 3, 2022 3 minutes ago, Bandits said: There should be a rounding assessment. Guernsey has brought that in to ensure against excess profits crested by covid support. If a business did well out of the situation there is a set scale to pay the loans back as clearly in hindsight they didn’t need what they claimed. That seems fair as many businesses may well have taken support fearing the worst (which is prudent and which secured cash flow and jobs) only to find out that the situation righted itself within one or two financial years. That sounds very reasonable - if they made a profit using the govt support they should pay it back. If they didn't make a profit even with govt support - then that support was probably necessary to keep them alive. Which was the idea. 2 Quote Link to comment Share on other sites More sharing options...
Last Ten Posted May 3, 2022 Share Posted May 3, 2022 Here is my guess, there will be so much public distrust and backlash over this massive ££££££ Manx Covid handout scheme it will end up going to a Select Committee of Tynwald to report back on the findings or indeed the Public Accounts Committee. No matter what it has cost the Manx peeps a massive amount of Tax Payers money! Watch this space. 1 Quote Link to comment Share on other sites More sharing options...
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