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Council 'wrong' to think Watchet Marina owner debts to be cleared for 200-year lease

Summary by Ground News

Somerset Council is negotiating to award a 200-year lease on the marina despite its parent group and the four other marinas it owns in Wales all being in administration. The parent company, The Marine and Property Group Ltd (MPG), went into administration in April with an estimated �16 million debt and only �2 million of assets.

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Council 'wrong' to think Watchet Marina owner debts to be cleared for 200-year lease

CLAIMS by Somerset Council that Watchet Marina owner Christopher Odling-Smee would clear £16 million of debt by next week have been refuted.

2 years ago·Minehead, United Kingdom

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wsfp.co.uk broke the news in Minehead, United Kingdom 2 years ago on Saturday, August 26, 2023.

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