Little shop of horrors? Bank of Bournemouth refuses loan to Boscombe business over “ethical objections”

NOT SCARED OFF:  Gary Baxter, right, with customer Stephen Nunn, was refused a loan

NOT SCARED OFF: Gary Baxter, right, with customer Stephen Nunn, was refused a loan

First published in News
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A HORROR film fan opening his own shop says he was turned down for a loan because Bournemouth council had “ethical” objections.

The council’s in-house bank took fright at backing Gary Baxter’s shop in Boscombe – the area famous for its connections with Frankenstein author Mary Shelley.

But Mr Baxter, who came off jobseeker’s allowance and took government training to set up his own business, has not been scared off.

His business, Dr Death’s Cinema Surgery, is due to open as planned on Saturday, with genre star Caroline Munro appearing.

“It would be nice if they would come down to see me and see the buzz that this place has created,” he said.

“At the moment we’re running up debt trying to keep the premises. We’ve gone into it believing we were going to get the money, so we’re taking risks which we wouldn’t necessarily have taken, but we’re cracking on.”

The shop, in the Royal Arcade, will sell hard-to-find films on DVD, Blu-Ray and VHS, as well as magazines, masks and other memorabilia. Mr Baxter was unemployed when he organised a successful horror film convention in January. He sought help from the government’s National Enterprise Allowance and did a business course with the government’s Outset scheme.

He said he received enthusiastic support from Outset advisers but was turned down for the loan he had expected and was referred to Bournemouth council’s community finance initiative. But the scheme, dubbed the ‘bank of Bournemouth’, refused him the £15,000 loan.

“They had to have a unanimous decision. I was told some of them didn’t think it was ethical to fund our business,” said Mr Baxter.

“I believe they were under the illusion we were going to be selling inappropriate material to underage kids.”

Stock at the shop includes overhead masks replicating Lon Chaney’s make-up in the 1925 Phantom of the Opera or Bela Lugosi in the 1930 Dracula.

Mr Baxter said: “I’m not a big fan of modern horror stuff as it tends to go more for shocks rather than telling a story. I’m kind of old school.”

The business has been supported by partner Jayne Crimin, who is Caroline Munro’s agent and is experienced in organising fan events, and by Fwah Storm, head of Reload Comics.

Liz Wilkinson, executive director for finance at the council and managing director of Bournemouth Community Finance Company, said in a statement that the council was keen to offer loans to help businesses.

She added: “Decisions for loans are made on a case-by-case basis. And while we cannot comment on individual applications, each one has to meet our lending criteria in order to be successful. This is to ensure we manage risk effectively while getting the best financial return for Bournemouth’s council taxpayers.”

Comments (40)

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5:39am Thu 7 Aug 14

Lord Parkstone says...

Good for you Gary. You should be proud of yourself for setting up your own business after being on the dole. I hope it goes well for you then you can properly stick 2 fingers up at the council for their lack of help. All the best.
Good for you Gary. You should be proud of yourself for setting up your own business after being on the dole. I hope it goes well for you then you can properly stick 2 fingers up at the council for their lack of help. All the best. Lord Parkstone
  • Score: 66

6:26am Thu 7 Aug 14

oversee says...

Bournemouth council and ethics in the one sentence....seen it all now.
Bournemouth council and ethics in the one sentence....seen it all now. oversee
  • Score: 71

7:12am Thu 7 Aug 14

Lord Spring says...

But Mr Baxter, who came off jobseeker’s allowance and took government training to set up his own business, has not been scared off.

I just love that pun for a horror shop.
But Mr Baxter, who came off jobseeker’s allowance and took government training to set up his own business, has not been scared off. I just love that pun for a horror shop. Lord Spring
  • Score: 21

7:14am Thu 7 Aug 14

Baysider says...

Well done to Gary for givinn it a go and I wish you every success. Well done also to the Bank of Bournemouth for looking at the application and making a considered decision on the matter that this was not a suitable business opportunity for them as a lender to get involved in. There are people queuing up to criticise them hence they have to take into account additional factors too such as whether some residents would ge unhappy being linked to the sorts of products avaliable. Not me, but there will be plenty...
Well done to Gary for givinn it a go and I wish you every success. Well done also to the Bank of Bournemouth for looking at the application and making a considered decision on the matter that this was not a suitable business opportunity for them as a lender to get involved in. There are people queuing up to criticise them hence they have to take into account additional factors too such as whether some residents would ge unhappy being linked to the sorts of products avaliable. Not me, but there will be plenty... Baysider
  • Score: -15

7:15am Thu 7 Aug 14

sea poole says...

Liz Wilkinson - As an 'Executive Director' and 'Managing Director' I guess that with such impressive titles you are next only to God. How lucky people are to walk in your 'Executive' and 'Managing' footsteps...
Liz Wilkinson - As an 'Executive Director' and 'Managing Director' I guess that with such impressive titles you are next only to God. How lucky people are to walk in your 'Executive' and 'Managing' footsteps... sea poole
  • Score: 24

7:15am Thu 7 Aug 14

dvdr says...

I find it hard to see the need for such a shop as this. I think the Council are quite right to refuse a loan to set it up - there must be other, more worthy enterprises to finance. Mr Baxter chose the wrong type.
I find it hard to see the need for such a shop as this. I think the Council are quite right to refuse a loan to set it up - there must be other, more worthy enterprises to finance. Mr Baxter chose the wrong type. dvdr
  • Score: -32

7:25am Thu 7 Aug 14

BIGTONE says...

Liz Wilkinson, executive director for finance at the council and managing director of Bournemouth Community Finance Company, said in a statement....
"we manage risk effectively while getting the best financial return for Bournemouth’s council taxpayers.”

Haaaaaaaaaaaaa
Liz Wilkinson, executive director for finance at the council and managing director of Bournemouth Community Finance Company, said in a statement.... "we manage risk effectively while getting the best financial return for Bournemouth’s council taxpayers.” Haaaaaaaaaaaaa BIGTONE
  • Score: 32

7:32am Thu 7 Aug 14

bosco1 says...

Good Luck to them in there new venture and wish them well. Someone has been taken off the dole and saving paying out thousands yet wont lend £15.000 in fact it works out at around £144.24 per week over 2 years.! not including the interest they would have had to pay back.!! And yet the council can waste money on useless projects, put money into savings accounts abroad that go down. and then say they have to "ensure risk factor effectively"!! ?
Good Luck to them in there new venture and wish them well. Someone has been taken off the dole and saving paying out thousands yet wont lend £15.000 in fact it works out at around £144.24 per week over 2 years.! not including the interest they would have had to pay back.!! And yet the council can waste money on useless projects, put money into savings accounts abroad that go down. and then say they have to "ensure risk factor effectively"!! ? bosco1
  • Score: 22

7:33am Thu 7 Aug 14

muscliffman says...

The best of luck to this new business man, but I am still trying to work out what on earth our local Council is doing in the world of risky private business loans in the first place, especially when only a small handful of Town Hall individuals appear to be deciding to whom the money is going.
The best of luck to this new business man, but I am still trying to work out what on earth our local Council is doing in the world of risky private business loans in the first place, especially when only a small handful of Town Hall individuals appear to be deciding to whom the money is going. muscliffman
  • Score: 29

7:36am Thu 7 Aug 14

kalebmoledirt says...

Wow Liz sou.Darling important how much does she cost the rate payers yo keep the place in profit
Wow Liz sou.Darling important how much does she cost the rate payers yo keep the place in profit kalebmoledirt
  • Score: 11

7:40am Thu 7 Aug 14

ben111 says...

Good on the guy, This business could be huge, how many shops of this type do you know of, being unique and the right promotions this genre is worth millions , go for it Gary, I take my hat of to anyone that sets their own business up. good luck
Good on the guy, This business could be huge, how many shops of this type do you know of, being unique and the right promotions this genre is worth millions , go for it Gary, I take my hat of to anyone that sets their own business up. good luck ben111
  • Score: 19

7:42am Thu 7 Aug 14

itsneverblackorwhite says...

Firstly "The Bank of Bournemouth" is already a registered business not associated with Bournemouth Council, secondly Bournemouth Council does not run a Bank as yet and finally "hobby" type businesses rarely succeed and he has already had one loan refused so I am sure everyone wold be up in arms if they had lent the money an then the business failed!
Firstly "The Bank of Bournemouth" is already a registered business not associated with Bournemouth Council, secondly Bournemouth Council does not run a Bank as yet and finally "hobby" type businesses rarely succeed and he has already had one loan refused so I am sure everyone wold be up in arms if they had lent the money an then the business failed! itsneverblackorwhite
  • Score: 8

8:01am Thu 7 Aug 14

Carolyn43 says...

dvdr wrote:
I find it hard to see the need for such a shop as this. I think the Council are quite right to refuse a loan to set it up - there must be other, more worthy enterprises to finance. Mr Baxter chose the wrong type.
Gary is doing exactly the right thing when going into business - going for something he is interested in and has a very good knowledge of.

Just because you find it hard to see the need for such a shop, doesn't mean other won't. There are a great number of people who are fans of the traditional horror, films, comics, e.t.c.

I find it hard to see the need for a Tesco Express every few hundred yards, but others can and they are successful.

Unlike some others, he got off his backside when on the dole and did something about it. I wish him every success.
[quote][p][bold]dvdr[/bold] wrote: I find it hard to see the need for such a shop as this. I think the Council are quite right to refuse a loan to set it up - there must be other, more worthy enterprises to finance. Mr Baxter chose the wrong type.[/p][/quote]Gary is doing exactly the right thing when going into business - going for something he is interested in and has a very good knowledge of. Just because you find it hard to see the need for such a shop, doesn't mean other won't. There are a great number of people who are fans of the traditional horror, films, comics, e.t.c. I find it hard to see the need for a Tesco Express every few hundred yards, but others can and they are successful. Unlike some others, he got off his backside when on the dole and did something about it. I wish him every success. Carolyn43
  • Score: 41

8:21am Thu 7 Aug 14

muscliffman says...

itsneverblackorwhite wrote:
Firstly "The Bank of Bournemouth" is already a registered business not associated with Bournemouth Council, secondly Bournemouth Council does not run a Bank as yet and finally "hobby" type businesses rarely succeed and he has already had one loan refused so I am sure everyone wold be up in arms if they had lent the money an then the business failed!
Perhaps you should have read this part of the article "Liz Wilkinson, executive director for finance at the council and managing director of Bournemouth Community Finance Company, said in a statement that the council was keen to offer loans to help businesses." before stating the "Bank of Bournemouth" business is not associated with Bournemouth Council - because of course it is! Or maybe just checking the basic meaning of the word 'associated' in corporate terms would have helped.
[quote][p][bold]itsneverblackorwhite[/bold] wrote: Firstly "The Bank of Bournemouth" is already a registered business not associated with Bournemouth Council, secondly Bournemouth Council does not run a Bank as yet and finally "hobby" type businesses rarely succeed and he has already had one loan refused so I am sure everyone wold be up in arms if they had lent the money an then the business failed![/p][/quote]Perhaps you should have read this part of the article "Liz Wilkinson, executive director for finance at the council and managing director of Bournemouth Community Finance Company, said in a statement that the council was keen to offer loans to help businesses." before stating the "Bank of Bournemouth" business is not associated with Bournemouth Council - because of course it is! Or maybe just checking the basic meaning of the word 'associated' in corporate terms would have helped. muscliffman
  • Score: 18

8:25am Thu 7 Aug 14

Azphreal says...

athink i may go down just to meet Caroline again as she was absolutely wonderful the last time i met her. As well as horror she was also in James Bond and Sinbad.
athink i may go down just to meet Caroline again as she was absolutely wonderful the last time i met her. As well as horror she was also in James Bond and Sinbad. Azphreal
  • Score: 10

8:25am Thu 7 Aug 14

bobthedestroyer says...

Beesley really is intent on making sure they don't get re-elected. Sheep in Wolf's clothing he must be a Lib Dem laying the groundwork. They said PEter Charon was a bully, got rid of a bully and replaced him with a dic-tator
Beesley really is intent on making sure they don't get re-elected. Sheep in Wolf's clothing he must be a Lib Dem laying the groundwork. They said PEter Charon was a bully, got rid of a bully and replaced him with a dic-tator bobthedestroyer
  • Score: 6

8:31am Thu 7 Aug 14

alanrr says...

good luck with this gary......not my cup of tea but as for turning you down for whatever reason, £15000 is peanuts, compared to what the council do waste their money on............and for horror reading every daily paper and tv news has worse
good luck with this gary......not my cup of tea but as for turning you down for whatever reason, £15000 is peanuts, compared to what the council do waste their money on............and for horror reading every daily paper and tv news has worse alanrr
  • Score: 12

8:54am Thu 7 Aug 14

Baysider says...

dvdr wrote:
I find it hard to see the need for such a shop as this. I think the Council are quite right to refuse a loan to set it up - there must be other, more worthy enterprises to finance. Mr Baxter chose the wrong type.
Thank you for proving my point so quickly after my post. I don't share your view on the type of material sold but I do appreciate that others don't feel the same way about it and do not think it's appropriate to receive funding like this. If you pardon the pun they were damned if they loaned the money and damned if they didn't...
[quote][p][bold]dvdr[/bold] wrote: I find it hard to see the need for such a shop as this. I think the Council are quite right to refuse a loan to set it up - there must be other, more worthy enterprises to finance. Mr Baxter chose the wrong type.[/p][/quote]Thank you for proving my point so quickly after my post. I don't share your view on the type of material sold but I do appreciate that others don't feel the same way about it and do not think it's appropriate to receive funding like this. If you pardon the pun they were damned if they loaned the money and damned if they didn't... Baysider
  • Score: -7

9:24am Thu 7 Aug 14

itsneverblackorwhite says...

muscliffman wrote:
itsneverblackorwhite wrote:
Firstly "The Bank of Bournemouth" is already a registered business not associated with Bournemouth Council, secondly Bournemouth Council does not run a Bank as yet and finally "hobby" type businesses rarely succeed and he has already had one loan refused so I am sure everyone wold be up in arms if they had lent the money an then the business failed!
Perhaps you should have read this part of the article "Liz Wilkinson, executive director for finance at the council and managing director of Bournemouth Community Finance Company, said in a statement that the council was keen to offer loans to help businesses." before stating the "Bank of Bournemouth" business is not associated with Bournemouth Council - because of course it is! Or maybe just checking the basic meaning of the word 'associated' in corporate terms would have helped.
Before you jump in with smart comments perhaps you should of read exactly what I stated to clarify: A business not associated with Bournemouth Council already owns the Business name "Bournemouth Bank" and also Bournemouth Council are not a "Bank" as to be a bank they would need to be registered as one, they do however have a Community Finance Company which is not a bank, but a loaning company! I hope this clarifies this for you, and as I went to a meeting about Bournemouth Council's Community Finance Company, which hopes to become a bank I think I know more about this than you! So before jumping in trying to make others look stupid, why don't you properly READ what people have written!!
[quote][p][bold]muscliffman[/bold] wrote: [quote][p][bold]itsneverblackorwhite[/bold] wrote: Firstly "The Bank of Bournemouth" is already a registered business not associated with Bournemouth Council, secondly Bournemouth Council does not run a Bank as yet and finally "hobby" type businesses rarely succeed and he has already had one loan refused so I am sure everyone wold be up in arms if they had lent the money an then the business failed![/p][/quote]Perhaps you should have read this part of the article "Liz Wilkinson, executive director for finance at the council and managing director of Bournemouth Community Finance Company, said in a statement that the council was keen to offer loans to help businesses." before stating the "Bank of Bournemouth" business is not associated with Bournemouth Council - because of course it is! Or maybe just checking the basic meaning of the word 'associated' in corporate terms would have helped.[/p][/quote]Before you jump in with smart comments perhaps you should of read exactly what I stated to clarify: A business not associated with Bournemouth Council already owns the Business name "Bournemouth Bank" and also Bournemouth Council are not a "Bank" as to be a bank they would need to be registered as one, they do however have a Community Finance Company which is not a bank, but a loaning company! I hope this clarifies this for you, and as I went to a meeting about Bournemouth Council's Community Finance Company, which hopes to become a bank I think I know more about this than you! So before jumping in trying to make others look stupid, why don't you properly READ what people have written!! itsneverblackorwhite
  • Score: 1

9:24am Thu 7 Aug 14

Controversial But True says...

Maybe he should've applied under the guise of a Polish shop or coffee house. They don't seem to get refused anything and are popping up all over Boscombe!
Maybe he should've applied under the guise of a Polish shop or coffee house. They don't seem to get refused anything and are popping up all over Boscombe! Controversial But True
  • Score: 21

9:51am Thu 7 Aug 14

bobthedestroyer says...

So can Liz Wilkinson confirm that BBC has no money at all invested in the arms trade or any other business that may offend "ethically"? I doubt it very much.
So can Liz Wilkinson confirm that BBC has no money at all invested in the arms trade or any other business that may offend "ethically"? I doubt it very much. bobthedestroyer
  • Score: 6

9:52am Thu 7 Aug 14

Nickydoonah says...

Explains why he is unemployable
I wouldn't give him an interview you know
I employ workers
not shirkers
workers as on Polish.
Explains why he is unemployable I wouldn't give him an interview you know I employ workers not shirkers workers as on Polish. Nickydoonah
  • Score: -27

10:23am Thu 7 Aug 14

Nickydoonah says...

Controversial But True wrote:
Maybe he should've applied under the guise of a Polish shop or coffee house. They don't seem to get refused anything and are popping up all over Boscombe!
I'm the same George, I find it impossible to turn away a 6foot grafting Pole
you always get two for the price of one with the Polish you now it is.
[quote][p][bold]Controversial But True[/bold] wrote: Maybe he should've applied under the guise of a Polish shop or coffee house. They don't seem to get refused anything and are popping up all over Boscombe![/p][/quote]I'm the same George, I find it impossible to turn away a 6foot grafting Pole you always get two for the price of one with the Polish you now it is. Nickydoonah
  • Score: -16

10:34am Thu 7 Aug 14

speedy231278 says...

The excuse is rubbish, but why would anyone lend £15K to a business that hasn't even started trading yet and is running up debts already? It doesn't sound like a very sensible plan to me!
The excuse is rubbish, but why would anyone lend £15K to a business that hasn't even started trading yet and is running up debts already? It doesn't sound like a very sensible plan to me! speedy231278
  • Score: -3

12:09pm Thu 7 Aug 14

Carolyn43 says...

speedy231278 wrote:
The excuse is rubbish, but why would anyone lend £15K to a business that hasn't even started trading yet and is running up debts already? It doesn't sound like a very sensible plan to me!
When starting up a business you always have debts - rent, rates, stock, utility bills, etc. The debts start being cleared whenl customers start buying and you get income. Obvious really.
[quote][p][bold]speedy231278[/bold] wrote: The excuse is rubbish, but why would anyone lend £15K to a business that hasn't even started trading yet and is running up debts already? It doesn't sound like a very sensible plan to me![/p][/quote]When starting up a business you always have debts - rent, rates, stock, utility bills, etc. The debts start being cleared whenl customers start buying and you get income. Obvious really. Carolyn43
  • Score: 12

12:14pm Thu 7 Aug 14

dorsetred says...

Liz Wilkinson, executive director for finance at the council and managing director of Bournemouth Community Finance Company, said in a statement....
"we manage risk effectively while getting the best financial return for Bournemouth’s council taxpayers.” " GOOD REEF!"
Liz Wilkinson, executive director for finance at the council and managing director of Bournemouth Community Finance Company, said in a statement.... "we manage risk effectively while getting the best financial return for Bournemouth’s council taxpayers.” " GOOD REEF!" dorsetred
  • Score: 11

1:10pm Thu 7 Aug 14

Mike_French says...

Well done you for at least trying to set up a business, my own personal would not have been the 'Royal Arcade'............
Well done you for at least trying to set up a business, my own personal would not have been the 'Royal Arcade'............ Mike_French
  • Score: 1

2:25pm Thu 7 Aug 14

DemonDiva says...

speedy231278 wrote:
The excuse is rubbish, but why would anyone lend £15K to a business that hasn't even started trading yet and is running up debts already? It doesn't sound like a very sensible plan to me!
Obviously knows absolutely nothing about starting a business. But the ignorance made me smile, so that's ok.
[quote][p][bold]speedy231278[/bold] wrote: The excuse is rubbish, but why would anyone lend £15K to a business that hasn't even started trading yet and is running up debts already? It doesn't sound like a very sensible plan to me![/p][/quote]Obviously knows absolutely nothing about starting a business. But the ignorance made me smile, so that's ok. DemonDiva
  • Score: 6

2:53pm Thu 7 Aug 14

speedy231278 says...

DemonDiva wrote:
speedy231278 wrote:
The excuse is rubbish, but why would anyone lend £15K to a business that hasn't even started trading yet and is running up debts already? It doesn't sound like a very sensible plan to me!
Obviously knows absolutely nothing about starting a business. But the ignorance made me smile, so that's ok.
Really? It would seem this person has decided to start a business, and spent loads of money he doesn't have - hence having a debt. Now he wants a loan to cover the debt. Surely you'd come up with a business plan, approach a lender to cover the startup costs, and then start buying stuff to stock it, rather than rack up a debt and hope someone believes in your plan? Or would that just be too sensible?
[quote][p][bold]DemonDiva[/bold] wrote: [quote][p][bold]speedy231278[/bold] wrote: The excuse is rubbish, but why would anyone lend £15K to a business that hasn't even started trading yet and is running up debts already? It doesn't sound like a very sensible plan to me![/p][/quote]Obviously knows absolutely nothing about starting a business. But the ignorance made me smile, so that's ok.[/p][/quote]Really? It would seem this person has decided to start a business, and spent loads of money he doesn't have - hence having a debt. Now he wants a loan to cover the debt. Surely you'd come up with a business plan, approach a lender to cover the startup costs, and then start buying stuff to stock it, rather than rack up a debt and hope someone believes in your plan? Or would that just be too sensible? speedy231278
  • Score: 4

2:54pm Thu 7 Aug 14

speedy231278 says...

Carolyn43 wrote:
speedy231278 wrote:
The excuse is rubbish, but why would anyone lend £15K to a business that hasn't even started trading yet and is running up debts already? It doesn't sound like a very sensible plan to me!
When starting up a business you always have debts - rent, rates, stock, utility bills, etc. The debts start being cleared whenl customers start buying and you get income. Obvious really.
Surely you should secure a loan or capital before spending a fortune and hoping someone will give you a lend before the bailiffs close you down?
[quote][p][bold]Carolyn43[/bold] wrote: [quote][p][bold]speedy231278[/bold] wrote: The excuse is rubbish, but why would anyone lend £15K to a business that hasn't even started trading yet and is running up debts already? It doesn't sound like a very sensible plan to me![/p][/quote]When starting up a business you always have debts - rent, rates, stock, utility bills, etc. The debts start being cleared whenl customers start buying and you get income. Obvious really.[/p][/quote]Surely you should secure a loan or capital before spending a fortune and hoping someone will give you a lend before the bailiffs close you down? speedy231278
  • Score: 5

3:39pm Thu 7 Aug 14

twynhamob says...

Let's be honest here. 15k is actually peanuts over 2-3 years. They (Bournemouth Crisis Creators or is it Bank of Bafoons) lend small amounts like this all the time. My take is that they have refused based solely on their own 'horror' of horror, and have not looked at this as a pure business venture. Real Banker's look at the ROI. Good Luck to this guy who is working to get OFF of benefits that over the long term would be more than a 15,000 loan.
Let's be honest here. 15k is actually peanuts over 2-3 years. They (Bournemouth Crisis Creators or is it Bank of Bafoons) lend small amounts like this all the time. My take is that they have refused based solely on their own 'horror' of horror, and have not looked at this as a pure business venture. Real Banker's look at the ROI. Good Luck to this guy who is working to get OFF of benefits that over the long term would be more than a 15,000 loan. twynhamob
  • Score: 6

5:24pm Thu 7 Aug 14

nicktw says...

They need that £15,000 to waste on immigrants and other foreigner benefits and for Councillors junkets. Heaven help them if they actually did something to benefit a native Bournemouth resident. I am in the film business and we are looking at making a horror film based on Bournemouth Council employees - provisional title is "Inbreds" . We support you Gary, best of luck mate.
They need that £15,000 to waste on immigrants and other foreigner benefits and for Councillors junkets. Heaven help them if they actually did something to benefit a native Bournemouth resident. I am in the film business and we are looking at making a horror film based on Bournemouth Council employees - provisional title is "Inbreds" . We support you Gary, best of luck mate. nicktw
  • Score: 1

5:50pm Thu 7 Aug 14

O'Reilly says...

BIGTONE wrote:
Liz Wilkinson, executive director for finance at the council and managing director of Bournemouth Community Finance Company, said in a statement....
"we manage risk effectively while getting the best financial return for Bournemouth’s council taxpayers.”

Haaaaaaaaaaaaa
Dear dog.....truly in cloud cuckoo land.
[quote][p][bold]BIGTONE[/bold] wrote: Liz Wilkinson, executive director for finance at the council and managing director of Bournemouth Community Finance Company, said in a statement.... "we manage risk effectively while getting the best financial return for Bournemouth’s council taxpayers.” Haaaaaaaaaaaaa[/p][/quote]Dear dog.....truly in cloud cuckoo land. O'Reilly
  • Score: 1

6:06pm Thu 7 Aug 14

breamoreboy says...

Would Mr Baxter have got the money if his shop was selling artificial surf reefs?
Would Mr Baxter have got the money if his shop was selling artificial surf reefs? breamoreboy
  • Score: 3

6:30pm Thu 7 Aug 14

Nickydoonah says...

Its possible to buy all of this junk from Ebay for pence
post free
£i5000 my *******s
Its possible to buy all of this junk from Ebay for pence post free £i5000 my *******s Nickydoonah
  • Score: 2

6:33pm Thu 7 Aug 14

Carolyn43 says...

speedy231278 wrote:
Carolyn43 wrote:
speedy231278 wrote:
The excuse is rubbish, but why would anyone lend £15K to a business that hasn't even started trading yet and is running up debts already? It doesn't sound like a very sensible plan to me!
When starting up a business you always have debts - rent, rates, stock, utility bills, etc. The debts start being cleared whenl customers start buying and you get income. Obvious really.
Surely you should secure a loan or capital before spending a fortune and hoping someone will give you a lend before the bailiffs close you down?
A loan is a debt.
[quote][p][bold]speedy231278[/bold] wrote: [quote][p][bold]Carolyn43[/bold] wrote: [quote][p][bold]speedy231278[/bold] wrote: The excuse is rubbish, but why would anyone lend £15K to a business that hasn't even started trading yet and is running up debts already? It doesn't sound like a very sensible plan to me![/p][/quote]When starting up a business you always have debts - rent, rates, stock, utility bills, etc. The debts start being cleared whenl customers start buying and you get income. Obvious really.[/p][/quote]Surely you should secure a loan or capital before spending a fortune and hoping someone will give you a lend before the bailiffs close you down?[/p][/quote]A loan is a debt. Carolyn43
  • Score: 3

7:26pm Thu 7 Aug 14

BmthNewshound says...

I am sure that the Bank of Beesley has a very strict set of criteria of who they will lend to. And who determines that criteria - Mr Beesley.
I am sure that the Bank of Beesley has a very strict set of criteria of who they will lend to. And who determines that criteria - Mr Beesley. BmthNewshound
  • Score: 6

8:03pm Thu 7 Aug 14

grumpyolddear says...

bosco1 wrote:
Good Luck to them in there new venture and wish them well. Someone has been taken off the dole and saving paying out thousands yet wont lend £15.000 in fact it works out at around £144.24 per week over 2 years.! not including the interest they would have had to pay back.!! And yet the council can waste money on useless projects, put money into savings accounts abroad that go down. and then say they have to "ensure risk factor effectively"!! ?
Surfreef............
.....
[quote][p][bold]bosco1[/bold] wrote: Good Luck to them in there new venture and wish them well. Someone has been taken off the dole and saving paying out thousands yet wont lend £15.000 in fact it works out at around £144.24 per week over 2 years.! not including the interest they would have had to pay back.!! And yet the council can waste money on useless projects, put money into savings accounts abroad that go down. and then say they have to "ensure risk factor effectively"!! ?[/p][/quote]Surfreef............ ..... grumpyolddear
  • Score: -2

8:25pm Thu 7 Aug 14

addntox says...

I do not undersand the objection- if it is a legal business ie not selling drugs or massages etc then how can it be on ethical gounds?. Sure horror is not for everyone but is well within the law. Also he will be occupying an empty shop unit, paying rates and rent- if it takes off employing more people. Amazing how they can wave goodbye to millions on a surf reef that did not work and forget to try to claim any money back. If it was a proper loan there would be securities in place and he would be liable to repay the money either way- so no trouble there.
Lucky Mary Shelley is not around asking for help to release a book called Frankinstein - would be rejected on ethical grounds!
I do not undersand the objection- if it is a legal business ie not selling drugs or massages etc then how can it be on ethical gounds?. Sure horror is not for everyone but is well within the law. Also he will be occupying an empty shop unit, paying rates and rent- if it takes off employing more people. Amazing how they can wave goodbye to millions on a surf reef that did not work and forget to try to claim any money back. If it was a proper loan there would be securities in place and he would be liable to repay the money either way- so no trouble there. Lucky Mary Shelley is not around asking for help to release a book called Frankinstein - would be rejected on ethical grounds! addntox
  • Score: 4

1:13am Fri 8 Aug 14

504gld says...

£15,000.....

£76,000.... Welcome to Bournemouth.....
£15,000..... £76,000.... Welcome to Bournemouth..... 504gld
  • Score: 3

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