Thanks for this, will update the survey. Just checking, are you getting your east and west confused?
ITV1's Tonight programme criticized the business model of Red Letter Days, which included unpaid suppliers and disappointed purchasers. The programme suggested that the company failed to escrow or earmark supplier payment equity, instead of using it for working capital. However, Elnaugh blamed Red Letter Days' bankers.
This opportunity came about quite by chance via one of our local Bakewell ‘Stand in the Park’ regulars who knew the Estate Management Team at Stanton Estate. They had acquired the land when the Cressbrook Mill went bankrupt in the 1930’s, had found it difficult to manage, but wanted it to go to a good home.
That reads more to me that Stanton were finding the land more of a liability than an asset - I don't know exactly what the stated aims of the trust that have bought it are, but if they were superficially reasonable I can imagine Stanton being only too happy to sell up. There wouldn't be any duty on Stanton to do due diligence on the buyer, or to advertise it for sale publicly as they're a private estate.I must say that I'm still baffled by the purchasing process of the land parcel, as stated on her website. I'm not in the business of buying land, especially large nature reserves, but is this how land purchases are normally organised? Without any public tender/auction process? Or any kind of judgement as to the competency (or otherwise) of the purchaser to manage a natural facility? It just sounds like a backhander deal with Stanton, the way it's written: