THE BIG RETORT

This week we take a look at the CEO who turned a profit into a surplus at Lewisham Homes. THEBIGRETORT ... The Lewisham Homes Audit and Risk Committee minutes dated 20 June 2017 record that its board members were seemingly taxed... on the subject of profit. Auditors KPMG informed that it was common 'within the sector' to use surplus instead. However, ignoring the startling fact that board members, after hundreds of millions of pounds of public and leaseholder spend, and after eleven years of a spending - during which it did not know the correct Shamspeak - its members didn't realise that the term allows a not-for-profit organisation such as Lewisham Homes to, well... turn a profit into a surplus.  Accounts filed at Companies House record that this profit is due... 'primarily to a reduction in the valuation of projects undertaken' – and last year amounted to a cool £2.3 million.  That new roof that you leaseholders were informed need...

https://www.insidehousing.co.uk/comment/council-leaseholders-have-too-many-freedoms-54543 Dear Eamon The “arguments” as you term them (in your article link above) are mainly one sided. They (council leaseholders) end up in the Land Tribunal due to the ALMOs (like yours) directing the leaseholder there. Leaseholders appear as litigants in person – which means the ALMO expensive legal teams, at the taxpayer expense, can run legal rings around them. Right to Buy leases do contain adequate restrictions. “At all times during the term to comply at his own expense with all the requirements of any legislation relating to the prevention or extinction of fires...” [5 th Schedule, Para 12.]    However, it is not, as you infer, a requirement under the Fire Safety Order 2005 to introduce “interlinked” devices into private dwellings. More conveniently connected to the communal areas that your membership controls – and at a growing cost to leaseholders.   You simply wish ...