Report on K Village directors sent to 'disqualifcation unit'

ACCOUNTANTS handling the administration of Kendal Riverside Ltd - owner of K Village - have reported the company’s directors to the Insolvency Service’s Directors’ Disqualification Unit.

A report by KPMG administrators John Hansen and Stuart Irwin revealed that directors Dr Francis Jennings and Thomas Jennings had both been referred to the unit, which has the power to determine whether a person should be banned from acting as a company director.

The KPMG report said: “We have completed our investigations into the failure of the company and the conduct of the directors and have filed our report with the Directors’ Disqualification Unit.”

In the same report, the administrators revealed they have drawn fees of £117,189 since Kendal Riverside went into administration in December 2012 with debts of £68m.

Last November, a survival plan for K Village was drawn up by London-based Global Mutual Properties Ltd. If approved by South Lakeland District Council later this month, it will mean the centre would be able to widen the range of stores it could attract. Currently, K Village can only rent units as factory outlets, which the administrators say restricts its economic potential for would-be buyers.

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6:32am Sat 1 Feb 14

Grumpyoldbiker says...

I like K Village. Yes it needs to be allowed to widen the scope of retail outlets. I often park there, £1 for 4 hours is best value in town, (SLDC take note), and walk along the riverside. No need to do a grand tour of the one way system either. Straight in and straight back out onto A65.
I like K Village. Yes it needs to be allowed to widen the scope of retail outlets. I often park there, £1 for 4 hours is best value in town, (SLDC take note), and walk along the riverside. No need to do a grand tour of the one way system either. Straight in and straight back out onto A65. Grumpyoldbiker
  • Score: 1

9:44am Sat 1 Feb 14

BillyL says...

Cumbria has very little to attract retail business, Kendal has even less to attract that business. The restriction on what businesses can rent units in K-Village puts barbed wire around what little opportunity there is in the town. I can't see how it is taking SLDC time and difficulty in lifting the restrictions on business in that facility.
Move into the 21st century and get it sorted.
A park-and-ride would go a long way to making Kendal more attractive. How many visitors drive round it's one-way system and move on because they see its town shut down and few parking facilities? Many more who already know this will simply not bother to make the trip.
I feel sorry for the occupants of coaches who end up at K-Village; just what is there to travel for?
Cumbria has very little to attract retail business, Kendal has even less to attract that business. The restriction on what businesses can rent units in K-Village puts barbed wire around what little opportunity there is in the town. I can't see how it is taking SLDC time and difficulty in lifting the restrictions on business in that facility. Move into the 21st century and get it sorted. A park-and-ride would go a long way to making Kendal more attractive. How many visitors drive round it's one-way system and move on because they see its town shut down and few parking facilities? Many more who already know this will simply not bother to make the trip. I feel sorry for the occupants of coaches who end up at K-Village; just what is there to travel for? BillyL
  • Score: 1

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