The Isle of Wight Council will be down more than £8,000 as a result of Island Harbour entering into administration, while more than £20,000 is owed to former staff at the site near Whippingham.
The debts are among £10million left by the company behind Island Harbour, Uavend Investments LLP, which collapsed in September, as previously reported by Island Echo.
Over £22,000 is owed in unpaid salaries to staff, including some who have been made redundant.
Uavend Investments LLP also owes construction companies and waste and administration services.
Overseeing the administration, Lucas Ross has now revealed the Isle of Wight Council is owed £8,855 — relating to an invoice dating to March 2022.
The payment is due by 1st January, according to the document on Companies House, but the council has not been marked as a preferential creditor, so it will be further down the list when it comes to Island Harbour’s debts being paid.
An Isle of Wight Council spokesperson confirmed the fee was for non-domestic rates — also known as business rates — but did not comment further.
Oh no not the council out of pocket least they know how we feel now
Isn’t it funny how the council will kick your door down if you are a few days overdue paying CT yet an organisation such as IH go unmonitored. Anywhere else on the Island?
I haven’t had my door kicked in yet, been waiting for over two years!!
It won’t be the council out of pocket will it ?
It will be us, because at the end of the day it is OUR money.
Council out of pocket by a marine related business NEVER!!
Think I’m going to set up a marine related business. With careful planning & wool pulling it could be recession proof!
It appears for some time now our IWC is made up of inner city personnel. Both officers & councillors alike have zero knowledge of anything coastal or marine related. Which considering our boundaries are 65 miles of coastline is quite bizarre. All they know is, the coast is as wet as they all appear to be!!
Ryde Harbour Sold without profit.
Ventnor Haven is coasting a fortune.
Ventnor Eastern Esplanade land &
Ventnor Industrial Estate Land sold for a pittance to the marine industry
Yep it’s marine enterprise for me!
Win Win Win!!
Perhaps the council can explain why a bill due in March 2022 does not have to be paid until January 2023, no one else amongst would get such terms.
Mates rates.
Anyone want to donate towards the council Save the white elephant fund?
Oh yeh, we all will be doing so like it or not in our next council tax bill.
Anybody know what the benefits are for carving up Ryde Esplanade just to put in a 100m cycle track?