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Dreamland's Debt

PostPosted: 01 Nov 2016, 17:04
by Bob
It appears Dreamland has taken out another loan this time for £1M again it is from Arrowgrass the charge is dated 24th October

Re: Dreamland

PostPosted: 01 Nov 2016, 22:04
by Peet
Thanks for the information, I'm glad Dreamland has been able to secure further funding, good news.

Re: Dreamland

PostPosted: 02 Nov 2016, 20:02
by Jim Douglas Jr.
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.

Dreamland Racks Up more Debt

PostPosted: 24 Dec 2016, 17:51
by Bob
Another charge has been taken out by Sands & Arrowgrass this time for £2M for a mortgage on the Undercroft at Dreamland

Re: Dreamland Racks Up more Debt

PostPosted: 26 Dec 2016, 13:29
by aweber1us
Merry Christmas Bob

Re: Dreamland Racks Up more Debt

PostPosted: 26 Dec 2016, 13:30
by kevin
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...

Re: Dreamland Racks Up more Debt

PostPosted: 26 Dec 2016, 15:46
by vann98
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.

Re: Dreamland Racks Up more Debt

PostPosted: 28 Dec 2016, 09:22
by aweber1us
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..

Re: Dreamland Racks Up more Debt

PostPosted: 29 Dec 2016, 15:13
by sparky230
Only 3?, Sources tell me could be 5, I'm told Plan is to go back the original idea and promote Heritage

Re: Dreamland Racks Up more Debt

PostPosted: 31 Dec 2016, 02:54
by Jim Douglas Jr.
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.

Dreamland Update

PostPosted: 13 Jan 2017, 12:04
by Bob
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

Re: Dreamland's Debt

PostPosted: 13 Jan 2017, 14:13
by porf
Bob - I've merged all 3 of your threads as they all covered the debt issue.

Re: Dreamland's Debt

PostPosted: 14 Jan 2017, 11:36
by aweber1us
Should of put them under crap