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SALFORD COUNCIL GIVES PEEL GROUP OVER £1MILLION PER MONTH
 

Star date: 30th October 2013

PEEL CASHES IN ON PUBLIC MONEY AT MEDIACITYUK, PORT SALFORD AND MORE… ALMOST £13MILLION!

Analysis of the very latest Salford Council expenditure shows that the Peel Group is raking in over £1million per month in public money that's being sucked up by its MediaCityUK and Port Salford projects, plus others. Even the Peel company that is trying to build on green space land in Salford trousered over £500,000 of Council money.

Despite gobbling up almost £13million of public money in Salford alone over the last twelve months, Peel's ultimate controlling company, Tokenhouse Ltd, is based in the tax haven of the Isle of Man.

Full details here…


The Peel Group, formerly known as Peel Holdings, is getting on average over £1million a month in public money, either direct from Salford Council, or filtered through Salford Council.

A Salford Star analysis of actual official expenditure from Salford Council for the twelve months from September 2012 until August 2013 shows that five Peel companies have gobbled up a total of £12,939,247 (and 96p).

Peel Media, the company that runs MediaCityUK, received a total of £459,436 (and 27p), which included £202,884 (and 60p) for rents and `service tenancies' alone, plus £143,256 (and 7p) for `building repairs' and `other works' in the brand new complex. Peel Media also got an unspecified grant from Salford Council for £60,000 and an unspecified `consultancy' fee of £18,000.

Equipment hire (£1,178) and insurance (£34,117) made up the rest of the astronomical sum – which doesn't include public money being handed to Peel by the BBC and the University of Salford for their spaces. Despite the wads via Salford Council this year, Peel Media notoriously re-branded Media City as being in Manchester (see previous Salford Star article - click here)

Meanwhile, another Peel Group company, Peel Investments (Intermediate) Ltd, pulled in £11,135,700 (and 8p) in `miscellaneous grants', possibly for work connected with Port Salford – which is getting a total of £15million Salford Council subsidy; a £4million grant, plus an £11million loan for infrastructure which is costing the Council £360,000 per year in repayments for the first five years (see previous Salford Star article – click here).

Another Peel vehicle, Peel Investments North, received £527,034 from the Council in `miscellaneous grants'. This is the same named company that is trying to build on Greenfield sites in Worsley, Boothstown and Ellenbrook (see here).

Peel Advertising also pulled in £12,140 (and 89p) from Salford Council, while the Peel Group itself raked in £804,936 in `miscellaneous grants'.

It all makes a total of almost £13million of public money for Peel in a twelve month period. And few people in Salford will know what the huge sum is actually for, and whether it's benefiting anyone but the Peel Group's head, Isle of Man tax exile John Whittaker, who has seen his estimated wealth double in the last couple of years, to around £2,075million, according to the Sunday Times Rich List.

Indeed, the Peel Group companies' ultimate holding company is Tokenhouse Limited, which is incorporated in the Isle of Man and controlled by the 1997 Billown Settlement Trust, Whittaker's family trust.

The Peel Group was recently criticised by the House of Commons Public Accounts Committee, via its chair, Margaret Hodge MP, who said "We do not have a full breakdown of what they do, but the company on the whole, at maximum, pays 10% corporation tax. That is at maximum. That is just totting it up. They do not pay their fair share of corporation tax….

"…We are just saying that when you are using taxpayers' money…it ought to be with companies that pay their fair share back into the communal pot" she added "That is all; it is a very simple proposition." (see full details – click here).

A report by Merseyside based research group, ExUrbe, actually gave up trying to piece together all Peel's hundreds of companies, before scathingly concluding…

"It is hardly surprising that there is a perception Peel has local governance – if not local authorities themselves – in its pocket… By using its vast wealth, actual or perceived, to wield power and influence – and by focusing upon key regeneration and infrastructure projects in often deprived areas - Peel is effectively (if not consciously) holding local and national government to ransom." 

As Salford Council has handed over almost £13million of public money to Peel over the last twelve months, it appears that City Mayor Ian Stewart is quite happily paying that ransom – while making massive cuts to public services in the city.

See previous related Salford Star articles

The Peel Holdings Beast Exposed – click here

How the Public Paid for MediaCityUK – click here

 

 

 

wrote
at 17:15:55 on 23 November 2013
Star...I'm only going off reports coming from peel that i've read elsewhere (MEN/Advertiser). Peel had plans to offload the "Outlet" after two poor years (Reminder - We were sorta coming out of recession...), and its in direct competition with one Trafford Centre - which Peel also owns, so Council were to purchase the Outlet from peel - So its believed.
 
Salford Star wrote
at 14:26:59 on 23 November 2013
See Brian's comment below - are you sure you've got this right? Thought Peel bought it off Emmerson last year???
 
Brian F Kirkham wrote
at 14:24:07 on 23 November 2013
Martin, the reason the cranes were trashed is that dear old peel wanted them shipped down the road towards the M602 Roundabout for some "Gateway" to the quays - on the peoples tab. Strange really - One minute, they belong to peel - Once finance has to be found to repair them - they're council property. I Know this is past history, but there's a parallel - The Outlet Mall (Sold by Peel Group/Emerson to the council), whilst this property was making a profit Peel weren't interested in anyone getting their hands on it, then all of a sudden - they sell it to the council...sorry Didn't we already PAY for that to be built? answer on a postcard please!
 
Ken Mckelvey wrote
at 11:26:58 on 22 November 2013
Might sound stupid but why is Salford Council giving PEEL HOLDINGS 13 Million £s a year of our money/ IF it is our Council Tax then it should be on there list of Council Tax spent In or on Salford, Is Salford still Propping up the Lowery Centre The Light Orchestra. Etc In these Austere Times These are Where the Cuts Should be Plus The Money spent On 70 Councillors+ Advisors Etc,We now have a situation in Salford where we have more Councillors +Managers +Inspectors +BLAH BLAH Than Bin men /Street Cleaners/ Street MaintanceWorkers/ Care Nurse Etc//It is Scandal
 
Alexander James Valliant wrote
at 22:48:46 on 01 November 2013
I am loving the sarcastic reply from "The Salford Star", to the "Mayor of Salford". Maybe it's time for the Mayor to hide behind his legal team, and spin doctors, at least until the crane dust settles. The Salford Star does not tell lies. I was trained by a member of The Salford Star, as a Journalist. I recall his lectures on producing a fair, legal, and balanced report, when writing an article for a newspaper. The other key word was "Facts". Without "Hard Facts", an article at best, is simply a printed opinion. So Mr. Salford Mayor, if you are telling us that The Salford Star tells lies, then as a professional, I expect you to be able to provide the evidence and facts to support your claim. Without the hard facts and evidence, to support your claim, that The Salford Star prints lies, all you are supplying to the citizens of Salford, is a printed opinion. Considering your somewhat flimsy decision, to pull down the cranes, and misleading the citizens of Salford, concerning the costs of refurbishment, I don't think your opinion, printed or otherwise, counts for much anymore. So in future Mr. Salford Mayor, if you have nothing nice to say concerning The Salford Star, don't say it at all.
 
Paul wrote
at 22:47:45 on 01 November 2013
Are we witnessing the cracking up of our elected mayor, let's hope so, then he can then try to access the help, he alone has destroyed. Or maybe his boss, peel holdings can come to his rescue
 
Salford Star wrote
at 11:30:38 on 01 November 2013
See Chip Spaghetti's comment below...Yes,this article is complete rubbish. We made it all up. We make up all our articles just out of spite. We really don't spend hours and hours of research coming up with these facts. Who wants to hold a publicly funded council up to account? The Mayor said it's `rubbish' - it must be true! PS The Salford Star demolished the cranes too...
 
Chip Spaghetti wrote
at 11:21:56 on 01 November 2013
I made the mayor aware of this story and he described this article as 'rubbish'. I then asked him if Salford Council give any money to Peel. He failed to answer. Make of that what you will.
 
do they care wrote
at 06:05:17 on 01 November 2013
Is there anywhere within the sums subsidies for the Lowry mall? Mind boggling when you see such funds being paid to private companies.
 
Mr. Concerned wrote
at 06:05:09 on 01 November 2013
I was listening to the LDOK.net Loud And Proud Show today, at 12pm - 2pm and they mentioned this story briefly. They also told people how to get to The Salford Star website. So I thought I would take a look at the latest story about The Peel Group. All I can say is that I am utterly disgusted with the Mayor, and his disreguard for the Salford folk, whom reside within this city. But I am left fuming over the fact that there are working families having to sacrifice meals, so they can keep their children fed and clothed, while the greedy building giants, sit in their penthouses supping martini's all day, and at our councils expense. I agree with what Mr Alexander James Valliant said concerning the cranes, we as Salfordians, no longer live in a democracy, but a dictatorship run by a minority of fools.
 
DEAD CITY PRISONER wrote
at 12:18:24 on 31 October 2013
An independent financial investigation into SCC is urgently needed. The bastards squander OUR tax money with impunity. This must end . Starve the poor to feed the rich is the mantra of these self-serving greedy robber-barons . I suggest a mass withholding of council tax until the interests of the residents of this Dead City come first .
 
Brian F Kirkham wrote
at 19:48:12 on 30 October 2013
£13 Million Pounds - that's quite a figure. Now given this (present) figure i'm going to ask a question of our beloved mayor - are we likely to see some return on this investment? Given you and your team are turning "The Quays" into some rich boys paradise, where is the return on Our Money? For fear of repeating myself - all Peel does is grab the development budget for their own whilst we the council tax payer, pay for it. Under normal circumstance if I were investing in a company id expect some rate of return. This lot? Er, lets look at that again - WE Fund the project whilst THEY take a considerable sum for profit. When did council finances become Peels private slush fund? Cant wait to hear the latest bit of news regarding this farce of a business relationship.
 
Alexander James Valliant wrote
at 19:48:06 on 30 October 2013
It's nice to know that when financial austerity hits Salford, the poor get poorer, and have to cut back on necessities such as food, and warmth, while the "Salford Fat Cats", get to bask in Barbados every month of the year. I am busy trying to get funding for different disabled groups based in Manchester and Salford, because there have been cuts to social care, but "The Peel Group", at the click of their fingers, can obtain large sums of money, from our own council, leaving the disabled without suitable care or provision. It beggars belief. It's hard to believe Salford has a Labour Council. This financial scam has elements of Conservitive overtones. Is it not the aim of the Concervitives, that the rich get richer, and the poor get poorer? Maybe our Labour council has been overrun by the Conservitives, and we just don't know about it yet. Either way, it breaks my heart to hear a family discuss in a local shop, if they need to cut back on food, to keep their children warm, and clothed. If The Peel Group have any conscious, they will donate some of that money back to the poor this Christmas. I am a firm believer, that what you take from society, should be given back at a later date. It's about time The Peel Group started to support the very city It takes from, on a day to day basis.
 
Martin wrote
at 15:59:06 on 30 October 2013
So can we assume this is why the cranes were trashed. The money that was supposedly there to be spent on them, was given to Peel instead. So Stewart thinks it's wrong to spend £1million on cranes but ok to give Peel £13million. SEEMS TO ME THAT'S 13 MILLION REASONS TO GET RID OF HIM.
 
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