The delay in the company being self-financing and repaying loans should be reviewed to determine whether the council can continue to afford its investment in Brick by Brick - auditors report "We found little evidence that the complexity and associated risk to the Council’s financial position is understood by members or officers." **************************************************************************************************************** Loans of … Continue reading Brick by Brick fail to repay £110 million in loans to Croydon council
The auditors report makes 20 recommendations - among them that the cabinet and council "should review and reconsider the ongoing financial rationale for the council in the equity investment arrangement" with Brick by Brick, the building company 100 per cent owned by the council whose planning applications - and especially the subsequent permissions granted to … Continue reading Auditors 20 recommendations include: “Cabinet and council should review and reconsider the ongoing financial rationale for the council in the equity investment arrangement with Brick by Brick.”
Croydon council should have an 'exit strategy' for their controversial 100 per cent owned homes building company Brick by Brick, says a report to one of its committees. The recommendation is one of 75 made in a report to Croydon's general purposes and audit committee. Other recommendations in the report include: The council should review … Continue reading Croydon: Council should have ‘exit strategy’ for Brick by Brick – need to ensure group and company structures are “necessary and fit for purpose” says report
Brick by Brick, the controversial housing company owned 100 per cent by Croydon council, faces a major review by auditors. The review will include the following areas: • A view on the overall financial health of Brick by Brick • A review of the effectiveness of governance arrangements within Brick by Brick • A review of development viability … Continue reading Brick by Brick faces major review by auditors
FIRSTLY, THE NEWS: The following appeal to sign a petition opposing plans to build on chalkland in the borough of Croydon has appeared on Crystal Palace Local Facebook: Omar AS shared a link. 14 February at 16:29 Hello all! Please could you give a look at this petition to save a rare type of green … Continue reading OPINION: WHICH COUNCIL-OWNED COMPANY WANTS TO BUILD ON CHALKLAND WHICH IS CURRENTLY HOME TO BATS, BADGERS, DEER AND THE RARE JERSEY TIGER MOTH? Unfortunately, planning permission is 100 per cent guaranteed. Because the answer is Croydon – and this is a Brick by Brick application…..
In the wake of our stories COUNCILLORS SLAM TREATMENT OF ESTATE RESIDENTS – Auckland Rise works are 40 weeks late (published January 21st) and AUCKLAND RISE: BRICK BY BRICK RESPONSE – Meeting with residents tomorrow afternoon (also published January 21st) Quinn London, who were sent a request for a comment on January 19th, have this morning … Continue reading AUCKLAND RISE: QUINN LONDON’S RESPONSE “We are using our best endeavours to complete the works as soon as we safely can”
Croydon's three Crystal Palace and Upper Norwood ward councillors have slammed the treatment of people living on the Auckland Rise estate which sits between Church Road and Auckland Road while unwanted development work takes place. In an open e-mail to the managing director of Quinn London Ltd which is developing the site for Labour-controlled Croydon … Continue reading COUNCILLORS SLAM TREATMENT OF ESTATE RESIDENTS – Auckland Rise works are 40 weeks late
Would-be home buyers with Croydon's own building company Brick by Brick can't get mortgages - because it's not registered as a shared ownership provider. The Inside Croydon website - which has uncovered the fiasco - reports that: "Dozens of prospective buyers have had to be put-off or disappointed after it was discovered that banks and … Continue reading BRICK BY BRICK FIASCO Would-be home buyers with Croydon’s own building company can’t get mortgages – because it’s not registered with…..
BRICK BY BRICK STATEMENT: Brick By Brick was established to create well designed homes that are affordable for the people of Croydon. We develop high quality homes on small sites or underused public land, with the proceeds from sales returned to the council to be reinvested in the community. We currently have a pipeline of over … Continue reading BRICK BY BRICK FIASCO: COMPANY’S STATEMENT: And from Croydon council, a deafening silence….
Croydon council have won a national housing award - but it's not the sort ANY council would ever want to win. It's been given to Croydon by Private Eye magazine as one of their Rotten Boroughs 2019 awards.* The citation reads: HOUSING CHAMPIONS Labour Croydon council sold 24 pieces of building land at “mates rates” … Continue reading ….AS CROYDON WIN NATIONAL HOUSING AWARD (but it’s not the sort ANY council would want!)