GBCSL Update October 2021
Dear Shareholder,
On 31st March 2021, shareholders voted to pursue the option to wind up the GBCSL and enable the BPPFF and Parish Council to continue with Pavilion project.
Since this meeting, we have been in contact with several insolvency solicitors to obtain advice on the best way to achieve the winding up whilst minimising costs incurred in doing so. In going through formal insolvency proceedings, given the added complexity of this being a mutual, would incur considerable cost (all quotes received have all been in excess of £7,500 + VAT).
To date, Aaron & Partners have very kindly been working on this pro bono for us. They are hoping to provide us with a process to follow, in line with the rules for mutuals, which would enable us to wind up the GBCSL without having to formally appoint an insolvency practitioner / administrator. In doing so, we would avoid this cost which would otherwise reduce the funds available to repay shareholders any of their investment.
Unfortunately due to the Coronavirus back log they have been incredibly busy and understandably there has been a delay in them being able to provide their advice on our case.
Until we have received their advice, no further action can be taken regarding assets or funds outside the usual running of the GBCSL accounts, (e.g. no asset transfers / sale of assets / shareholder funds returned etc).
We apologise for the delay, but hope you can understand that we are trying to avoid any further reduction in funds available to repay shareholders.
We will be in touch as soon as we have received further advice from our solicitors.
Many thanks, GBCSL October 2021
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GREAT BARROW COMMUNITY SHOP LTD
Barrow Parish Council
and
Great Barrow Community Shop Ltd
Meeting in Public
To review and discuss the Lease
Agreement between
Barrow Parish Council
and the
Great Barrow Community Shop Ltd
Committee
To be held on Wednesday 2nd December
at 7.30pm
Via Zoom.
MEMBERS OF THE PUBLIC WISHING TO ATTEND THIS MEETING
MUST CONTACT THE CLERK IN ADVANCE OF THE MEETING TO BE
GIVEN ACCESS DETAILS BY EMAILING
clerk.greatbarrowpc@gmail.com OR CALLING 07805 698 388
UPDATE
Firstly, we wish to thank the first committee for their hard work in getting the GBCSL project off the ground. Thanks also for the information and support they have provided during the handover period with the new team.
The team are reviewing all of the information provided and we look forward to giving a full update on the project and our way forward in the upcoming weeks.
I am delighted to introduce the new team to you!
Dee
MEET THE TEAM
Dee Denton – Chairperson
I live in the village with my husband and our two young children Isabelle and Emily.
You can often find me enjoying the playground with our two little girls or out running, albeit very slowly around the village!
I’ve worked for ALDI for 11 as a Store Operations Director. I’m looking forward to using my knowledge of food retail to help the team bring a successful shop to the village.
Chris Youngs – Deputy Chairperson
I have lived in Barrow for 46 years. My two boys Tim and Gilbert were 4 and 2½ years old when we arrived in 1974 so their childhood was spent here (lucky boys).
I served on the Parish Council for many years. I am still on the footpath committee and I have been involved in many other activities in the village over the years.
We have an opportunity to secure a shop in Barrow and so I have joined the committee to try to help to make this a reality. I am very keen to see this come to a successful conclusion.
Kellie Snowden – Secretary
I live here with my baby boy, Harrison, and our two dogs. I can often be seen doing a vaguely circular route around the village with the pram.
I currently work in a secondary school as Head of German and teach French and Spanish too.
I’ve lived in the village for just over four years now and never intend to leave, so I’m really looking forward to getting a shop back open here which will service the community and feed back into it.
Ferdi D’Souza – Committee Member
My wife Kate is from around the area and lived in Bramhall when we met.
I was born and brought up in India. When we got married Kate moved to India and we lived there until 2005. We then moved back to Great Barrow and have lived here ever since.
Our children Jemima and Gabriel initially studied in the Village primary school. We are very happy we landed in such a beautiful place with such a wonderful community. I am a management consultant and work in the area of leadership development and I also am an Executive Coach.
Kate and I are very committed to us having a village shop and a community centre.