Lucycooks, NWDA, Private Eye and Lucy’s of Ambleside
Quite frankly I just don’t understand!
Lucycooks seems to be a profitable company judging from the latest set of accounts which I have downloaded from Duedil
The profit for the year ended 30 September 2010 must have been nearly £136,000 to reduce the profit and loss account reserve from £243,600 to £107,609.
Which makes me wonder why the £200,000 which Lucy’s Of Ambleside Limited loaned to Lucycooks Limited before going into liquidation in February of this year has been treated as valueless by the liquidators (see below for the relevant extract from the liquidator’s report)
Private Eye raised the question of who was going to repay the £250,000 which was “given” by the NWDA to Lucy’s of Ambleside Limited to
enable it to secure its growth
I think I may have found the answer to £200,000 of it!
