Dreamland's Debt

The Save Dreamland Campaign was launched by Joyland Books in January 2003 and is now supported by several thousand people. This is the place to discuss all aspects of saving Margate's famous amusement park and its iconic , Grade II listed Scenic Railway, Britain's oldest roller coaster.

Moderators: dave771, porf, Sarah

Dreamland's Debt

Postby Bob » 01 Nov 2016, 17:04

It appears Dreamland has taken out another loan this time for £1M again it is from Arrowgrass the charge is dated 24th October
Bob
 
Posts: 507
Joined: 30 Nov 2003, 21:21

Re: Dreamland

Postby Peet » 01 Nov 2016, 22:04

Thanks for the information, I'm glad Dreamland has been able to secure further funding, good news.
Peet
 
Posts: 90
Joined: 16 Nov 2009, 13:48
Location: London

Re: Dreamland

Postby Jim Douglas Jr. » 02 Nov 2016, 20:02

Yeah, not exactly an eye-grabber, but I applaud you posting something positive.

Most businesses operate at a loss for the first 3-5 years. Not unexpected. The potential remains.
Kyle & Herbie the Love Bug lll53
User avatar
Jim Douglas Jr.
 
Posts: 1175
Joined: 15 Mar 2006, 19:49
Location: San Francisco, California, USA

Dreamland Racks Up more Debt

Postby Bob » 24 Dec 2016, 17:51

Another charge has been taken out by Sands & Arrowgrass this time for £2M for a mortgage on the Undercroft at Dreamland
Bob
 
Posts: 507
Joined: 30 Nov 2003, 21:21

Re: Dreamland Racks Up more Debt

Postby aweber1us » 26 Dec 2016, 13:29

Merry Christmas Bob
aweber1us
 
Posts: 164
Joined: 13 Mar 2005, 18:51
Location: Cranbrook Kent

Re: Dreamland Racks Up more Debt

Postby kevin » 26 Dec 2016, 13:30

What is the "Undercroft"?

This situation is absurd. It's like someone not paying their mortgage on their house for a year and then borrowing more! The day of reckoning is going to come...
kevin
 
Posts: 130
Joined: 16 Mar 2006, 17:55
Location: essex

Re: Dreamland Racks Up more Debt

Postby vann98 » 26 Dec 2016, 15:46

The Undercroft is the throughfare space in the Cinema building that connects the seafront (Hall by the Sea Road) to the Dreamalnd site.
Speaking of this area, I noticed when I visited Screamland this year, the Emporium shop there seemed to be shut down and in use for storage. Hopefully this returns in the new year.
vann98
 
Posts: 206
Joined: 03 Sep 2010, 11:50
Location: kent, england

Re: Dreamland Racks Up more Debt

Postby aweber1us » 28 Dec 2016, 09:22

People must understand that Bob takes a little bit of truth and puts his own spin on it. He has already changed his mind on when Dreamland will shut it doors at least three times since July. The truth is if Dreamland could not hold its own it would of had its plug pulled by now. A month ago they even bought a ride and have thrown thousands at the Scenic. They have a full trading plan in place for next year , with another three vintage rides coming along with the return of the Speedway..
aweber1us
 
Posts: 164
Joined: 13 Mar 2005, 18:51
Location: Cranbrook Kent

Re: Dreamland Racks Up more Debt

Postby sparky230 » 29 Dec 2016, 15:13

Only 3?, Sources tell me could be 5, I'm told Plan is to go back the original idea and promote Heritage
sparky230
 
Posts: 49
Joined: 21 Oct 2013, 20:13

Re: Dreamland Racks Up more Debt

Postby Jim Douglas Jr. » 31 Dec 2016, 02:54

Yes, ignore Blob, I mean, Bob.

He's been naysaying the whole thing from Day 1 and been proven wrong time after time.

He must have already watched all the porn on line and have nothing better to do.
Kyle & Herbie the Love Bug lll53
User avatar
Jim Douglas Jr.
 
Posts: 1175
Joined: 15 Mar 2006, 19:49
Location: San Francisco, California, USA

Dreamland Update

Postby Bob » 13 Jan 2017, 12:04

Latest data filed show that in the 6 months to 26th Novermber Dreamland ran up another £1M of debt. This is just the operating debt and exludes all the other debt, It tends to indicat an annual net operating losss of close on £2M. SouthEast Retail Ltd have now filed their accounts they ghave a charge on most of the rides. IT is very difficult to see how this can ever be a viable business. Dreamlands accumulated debt i now probably close to £20M

The full report can be found here https://s3-eu-west-1.amazonaws.com/docu ... xtjjwwU%3D
Last edited by Bob on 13 Jan 2017, 16:53, edited 1 time in total.
Bob
 
Posts: 507
Joined: 30 Nov 2003, 21:21

Re: Dreamland's Debt

Postby porf » 13 Jan 2017, 14:13

Bob - I've merged all 3 of your threads as they all covered the debt issue.
Paul Freeman
User avatar
porf
Site Admin
 
Posts: 503
Joined: 04 Jun 2003, 20:35
Location: London

Re: Dreamland's Debt

Postby aweber1us » 14 Jan 2017, 11:36

Should of put them under crap
aweber1us
 
Posts: 164
Joined: 13 Mar 2005, 18:51
Location: Cranbrook Kent


Return to Save Dreamland Campaign Forum

Who is online

Users browsing this forum: No registered users and 2 guests

cron