The 10A Allocation

And, referring back to the Blackburn Rovers example, it is absolutely not a guarantee of future commitment to meet bills.

 

"I think"...that sums it up ...we know nothing of WCR...a private company...all speculation. So the Thunderbird is profitable...how do we know ? We simply don't know..."the other revenue streams are far more lucrative"....you have the figures ?

 

Whoop, a good old fashioned appendage waving contest for us all to enjoy...

FWIW, WCR's most recent company accounts are fully available to view on the CH website (as are those for all the other companies in the wider WCR ownership/structure), they show a company turning a profit, now if you know otherwise I'm sure the authorities would be delighted to hear from you,,,

 

You're trolling now.
You said "The object of any business is to make a profit...."
I replied that nobody buys steam locos for mainline use expecting to make a profit.
Other people have pointed out the various other streams of WC work which reputedly make profit, as GWR4707 said, the accounts show a healthy state.
My contention is that adding all that together is indicative of various parts of the business all contribute to an overall profit. But that in isolation the steam loco collecting etc isn't a profit seeking venture as motivation.
My challenge to you was do you believe the purpose of buying and restoring a large collection of steam locos is to make a profit? If you do, there remains a bridge for sale.

 

Which rather puts all the woe is me rabble rousing about fitting CDL and the cost into perspective.

There is another potential angle even if West Coast don't have any element direct control over RTC - would West Coast refuse to operate any of RTCs trains if RTC tried to run some with another supplier. They may well be very happy to continue working with West Coast but they also may effectively blocked from diversifying by the possibility of losing the use of their main supplier if they do.

 

What part of my "trolling" do you regard as inflammatory ?... that's after all what trolling is...

 

You're being wilfully obtuse as well you know. Still evading the direct question posed to you.

 

I've only just discovered this thread, and read pages 15 & 16 so I may well have missed out on some relevant answers but I am confused on how they're currently making enough money to stay profitable. They've lost the Thunderbird contract for the East Coast, Tangmere needs yet more expensive repairs, at the moment the Jacobite which is a cashbcow is, as far as I'm aware, still up in the air due to the argument over the coaches.

The income I am aware of is:

• They've got some coaches out on hire at heritage lines - in my experience a lot of these aren't in good shape.
• They do occasionally hire a rake (or rarely a loco) out to heritage lines for galas
• They're still running some tours, though I think less than previously as they've only got a couple of coaching sets where I think when they were running Mk1s they had 3 or 4 sets?

Do they have other income streams? Contract engineering work for example?

 

Coal merchant too. Quite how that all fits together with WCRC I don't know, but it's part of David Smith's portfolio.

Sent from my PGT-N19 using Tapatalk

 

West Coast Thunderbird
Far North route proving workings
Northern Belle
Railtour Income
Stock and Loco hire income
Engineering work

 

I stand to be corrected but IIRC the coal business actually sits at the top of all the plethora of companies, albeit I've never had the inclination to spend any time trying to unravel the way in which all the companies are intertwined.

 

100% literally not the definition of ‘revenue’. Revenue is ‘products sold’ x ‘price sold for’ and has no relation to profit or input costs.

If you buy products for £1m and sell them for £100,000 your revenue is £100,000, and you have lost £900,000, so very much not ‘covered your costs’.

I’d pay good money to see you take your business maths onto TV’s Dragon’s Den… they’d have your guts for garters…

Simon

 

Yes, William Smith (Wakefield) Limited, origin of the "family fortune", established I believe by David Smith's father.

 

Although if you search Companies House under Jeremey John Hosking it is probably even more confusing for apart from the obvious, Saphos, Steam Dreams, Statesman etc virtually every (maybe all?) loco has its own company as well.

 

Including Locomotive 6960 Ltd which one assumes is the ownership vehicle for Raveningham Hall, but also strangely owns The Critic Magazine.... https://en.wikipedia.org/wiki/The_Critic_(modern_magazine) and lost a cool £1m last year.

 

You've misinterpreted my post... I know perfectly well what revenue is.. income. Like this current government, welfare payments exceed tax income, maybe you should consider how that works ?

 

Yet another deflection and evasion of questions posed.

 

Usual response....

 

I quite agree, admirable candour.

 

Again misinterpreted...