Petition calls for halt to payments to the Leytonstone E11 BID Company

East London and West Essex Guardian Series: Gym owner Dean Hyams signs Suja Khaled's petition against the E11 (BID) company. Gym owner Dean Hyams signs Suja Khaled's petition against the E11 (BID) company.

Business owners in Leytonstone have called on fellow traders to stop payments to a company which was set up to look after their interests.

In 2007 business premises in E11 opted to pay a levy to a private company rather than the usual business rates to the council.

The company, the E11 Business Improvement District (BID) Company, would then listen to businesses and spend the cash on improving the look of the area to attract more trade.

However, the company, run by Fawaad Sheikh, fell into financial chaos and latest figures put it at around £87,000 in debt.

Now, former board member Suja Khaled, who owns the Luna Lounge in Church Lane, has launched a petition to close the E11 BID.

E11 Bid has been asked for a statement.

More on this story in Thursday's Waltham Forest Guardian. 

Comments (11)

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9:29am Sun 22 Jun 14

Villagecranberry says...

More Labour mismanagement and shock horrors.
More Labour mismanagement and shock horrors. Villagecranberry
  • Score: -5

12:53pm Sun 22 Jun 14

mdj says...

'In 2007 business premises in E11 opted to pay a levy to a private company rather than the usual business rates to the council. '

No: this was an additional sum, whose collection was administered by the council, to be spent on improvements to the local business environment by collective agreement.
Ordinary business rates go straight to central government, and thus bring no direct benefit to the areas they come from; this gives councils little direct incentive to nurture local business. Instead they seek to raise money by such schemes as punitive parking, which hurts businesses even more.

From the start the conduct of this business, and the role of local councillors as directors, has been questionable. Large sums have been transferred from the council to prop the concern up, with little evidence of proper audit and scrutiny; some of those sums seem to have have been paid to local business luminaries for no obvious reason.

If the Council proceeds with collecting the next levy, several legal questions arise. They have stood by and watched while the BID has failed to pay VAT and income tax over several years, and this debt renders the BID effectively insolvent.
Councillors who were directors either knew and took no action, or did not know and were negligent.
If LBWF carry on raising the levy with the intent of using it to pay off old debts questions arise not only of breaches of the Companies Act but possibly of the criminal law as well.

It would be interesting to have comments from Cllrs Loakes and Gray, who were on the board at key periods in the history of this fiasco
'In 2007 business premises in E11 opted to pay a levy to a private company rather than the usual business rates to the council. ' No: this was an additional sum, whose collection was administered by the council, to be spent on improvements to the local business environment by collective agreement. Ordinary business rates go straight to central government, and thus bring no direct benefit to the areas they come from; this gives councils little direct incentive to nurture local business. Instead they seek to raise money by such schemes as punitive parking, which hurts businesses even more. From the start the conduct of this business, and the role of local councillors as directors, has been questionable. Large sums have been transferred from the council to prop the concern up, with little evidence of proper audit and scrutiny; some of those sums seem to have have been paid to local business luminaries for no obvious reason. If the Council proceeds with collecting the next levy, several legal questions arise. They have stood by and watched while the BID has failed to pay VAT and income tax over several years, and this debt renders the BID effectively insolvent. Councillors who were directors either knew and took no action, or did not know and were negligent. If LBWF carry on raising the levy with the intent of using it to pay off old debts questions arise not only of breaches of the Companies Act but possibly of the criminal law as well. It would be interesting to have comments from Cllrs Loakes and Gray, who were on the board at key periods in the history of this fiasco mdj
  • Score: 12

4:07pm Sun 22 Jun 14

cynicalsue says...

Glad this petition has started. I am sure Loakes and his cronies has hoped it would all disappear like much of their other expensive errors.
Glad this petition has started. I am sure Loakes and his cronies has hoped it would all disappear like much of their other expensive errors. cynicalsue
  • Score: 10

6:46pm Sun 22 Jun 14

Villagecranberry says...

cynicalsue wrote:
Glad this petition has started. I am sure Loakes and his cronies has hoped it would all disappear like much of their other expensive errors.
You are dead right!
[quote][p][bold]cynicalsue[/bold] wrote: Glad this petition has started. I am sure Loakes and his cronies has hoped it would all disappear like much of their other expensive errors.[/p][/quote]You are dead right! Villagecranberry
  • Score: 4

9:16pm Sun 22 Jun 14

Villagecranberry says...

mdj wrote:
'In 2007 business premises in E11 opted to pay a levy to a private company rather than the usual business rates to the council. '

No: this was an additional sum, whose collection was administered by the council, to be spent on improvements to the local business environment by collective agreement.
Ordinary business rates go straight to central government, and thus bring no direct benefit to the areas they come from; this gives councils little direct incentive to nurture local business. Instead they seek to raise money by such schemes as punitive parking, which hurts businesses even more.

From the start the conduct of this business, and the role of local councillors as directors, has been questionable. Large sums have been transferred from the council to prop the concern up, with little evidence of proper audit and scrutiny; some of those sums seem to have have been paid to local business luminaries for no obvious reason.

If the Council proceeds with collecting the next levy, several legal questions arise. They have stood by and watched while the BID has failed to pay VAT and income tax over several years, and this debt renders the BID effectively insolvent.
Councillors who were directors either knew and took no action, or did not know and were negligent.
If LBWF carry on raising the levy with the intent of using it to pay off old debts questions arise not only of breaches of the Companies Act but possibly of the criminal law as well.

It would be interesting to have comments from Cllrs Loakes and Gray, who were on the board at key periods in the history of this fiasco
Maybe a word from the Labour in the form of the 'Angelic' Stella Creasy or Stickmanny, would be fantastic?

Can she condemn this fiasco and waste?
[quote][p][bold]mdj[/bold] wrote: 'In 2007 business premises in E11 opted to pay a levy to a private company rather than the usual business rates to the council. ' No: this was an additional sum, whose collection was administered by the council, to be spent on improvements to the local business environment by collective agreement. Ordinary business rates go straight to central government, and thus bring no direct benefit to the areas they come from; this gives councils little direct incentive to nurture local business. Instead they seek to raise money by such schemes as punitive parking, which hurts businesses even more. From the start the conduct of this business, and the role of local councillors as directors, has been questionable. Large sums have been transferred from the council to prop the concern up, with little evidence of proper audit and scrutiny; some of those sums seem to have have been paid to local business luminaries for no obvious reason. If the Council proceeds with collecting the next levy, several legal questions arise. They have stood by and watched while the BID has failed to pay VAT and income tax over several years, and this debt renders the BID effectively insolvent. Councillors who were directors either knew and took no action, or did not know and were negligent. If LBWF carry on raising the levy with the intent of using it to pay off old debts questions arise not only of breaches of the Companies Act but possibly of the criminal law as well. It would be interesting to have comments from Cllrs Loakes and Gray, who were on the board at key periods in the history of this fiasco[/p][/quote]Maybe a word from the Labour in the form of the 'Angelic' Stella Creasy or Stickmanny, would be fantastic? Can she condemn this fiasco and waste? Villagecranberry
  • Score: 4

9:43pm Sun 22 Jun 14

Megamix says...

Yes mdj " It would be interesting to have comments from Cllrs Loakes and Gray, who were on the board at key periods in the history of this fiasco" They have been very quite in all this why? what have they got to hide, and people still vote them back in knowing about the E11BID.
Yes mdj " It would be interesting to have comments from Cllrs Loakes and Gray, who were on the board at key periods in the history of this fiasco" They have been very quite in all this why? what have they got to hide, and people still vote them back in knowing about the E11BID. Megamix
  • Score: 5

9:45pm Sun 22 Jun 14

stickmanny says...

Its fantastic enough to see both those names in the same sentence
Its fantastic enough to see both those names in the same sentence stickmanny
  • Score: 1

12:31am Wed 25 Jun 14

fabster says...

Have a look at the @E11Bid Twitter account. One of their last tweets congratulated PoundLand for opening in Leytonstone. It used the hashtag #ShopLocal

How is PoundLand local? It's a national chain. They are absolute idiots behind E11Bid, with serious questions about their competence, integrity & aims.
Have a look at the @E11Bid Twitter account. One of their last tweets congratulated PoundLand for opening in Leytonstone. It used the hashtag #ShopLocal How is PoundLand local? It's a national chain. They are absolute idiots behind E11Bid, with serious questions about their competence, integrity & aims. fabster
  • Score: 3

11:33pm Wed 25 Jun 14

Walthamster says...

mdj wrote:
'In 2007 business premises in E11 opted to pay a levy to a private company rather than the usual business rates to the council. '

No: this was an additional sum, whose collection was administered by the council, to be spent on improvements to the local business environment by collective agreement.
Ordinary business rates go straight to central government, and thus bring no direct benefit to the areas they come from; this gives councils little direct incentive to nurture local business. Instead they seek to raise money by such schemes as punitive parking, which hurts businesses even more.

From the start the conduct of this business, and the role of local councillors as directors, has been questionable. Large sums have been transferred from the council to prop the concern up, with little evidence of proper audit and scrutiny; some of those sums seem to have have been paid to local business luminaries for no obvious reason.

If the Council proceeds with collecting the next levy, several legal questions arise. They have stood by and watched while the BID has failed to pay VAT and income tax over several years, and this debt renders the BID effectively insolvent.
Councillors who were directors either knew and took no action, or did not know and were negligent.
If LBWF carry on raising the levy with the intent of using it to pay off old debts questions arise not only of breaches of the Companies Act but possibly of the criminal law as well.

It would be interesting to have comments from Cllrs Loakes and Gray, who were on the board at key periods in the history of this fiasco
What does it take to get the police to take action? Waltham Forest council has been involved so many financial scandals, always shrouded in secrecy, only uncovered after a lot of work by the WF Guardian or by local activists. Yet councillors and council officers simply walk away from it. Why is no one on the council ever charged with an offence, why is no one ever penalised?
[quote][p][bold]mdj[/bold] wrote: 'In 2007 business premises in E11 opted to pay a levy to a private company rather than the usual business rates to the council. ' No: this was an additional sum, whose collection was administered by the council, to be spent on improvements to the local business environment by collective agreement. Ordinary business rates go straight to central government, and thus bring no direct benefit to the areas they come from; this gives councils little direct incentive to nurture local business. Instead they seek to raise money by such schemes as punitive parking, which hurts businesses even more. From the start the conduct of this business, and the role of local councillors as directors, has been questionable. Large sums have been transferred from the council to prop the concern up, with little evidence of proper audit and scrutiny; some of those sums seem to have have been paid to local business luminaries for no obvious reason. If the Council proceeds with collecting the next levy, several legal questions arise. They have stood by and watched while the BID has failed to pay VAT and income tax over several years, and this debt renders the BID effectively insolvent. Councillors who were directors either knew and took no action, or did not know and were negligent. If LBWF carry on raising the levy with the intent of using it to pay off old debts questions arise not only of breaches of the Companies Act but possibly of the criminal law as well. It would be interesting to have comments from Cllrs Loakes and Gray, who were on the board at key periods in the history of this fiasco[/p][/quote]What does it take to get the police to take action? Waltham Forest council has been involved so many financial scandals, always shrouded in secrecy, only uncovered after a lot of work by the WF Guardian or by local activists. Yet councillors and council officers simply walk away from it. Why is no one on the council ever charged with an offence, why is no one ever penalised? Walthamster
  • Score: 4

2:02am Fri 27 Jun 14

suja khaled says...

Hi there

I have started an investigation with action found team as well as hmrc vat... The e11 bid should have been vat rejected from day one. .I can't see how the bid will be able to pay five years worth of vat... I have started a police investigation on the mismanagement of public funds.
Hi there I have started an investigation with action found team as well as hmrc vat... The e11 bid should have been vat rejected from day one. .I can't see how the bid will be able to pay five years worth of vat... I have started a police investigation on the mismanagement of public funds. suja khaled
  • Score: 5

11:16am Sun 29 Jun 14

Walthamster says...

suja khaled wrote:
Hi there

I have started an investigation with action found team as well as hmrc vat... The e11 bid should have been vat rejected from day one. .I can't see how the bid will be able to pay five years worth of vat... I have started a police investigation on the mismanagement of public funds.
Delighted to see this, Suja! I hope you are successful, on behalf of everyone in Waltham Forest who foots the bill for the council's endless waste -- and that's not just the tax-payers, it's also every deserving case that doesn't get funded.

Best of luck.
[quote][p][bold]suja khaled[/bold] wrote: Hi there I have started an investigation with action found team as well as hmrc vat... The e11 bid should have been vat rejected from day one. .I can't see how the bid will be able to pay five years worth of vat... I have started a police investigation on the mismanagement of public funds.[/p][/quote]Delighted to see this, Suja! I hope you are successful, on behalf of everyone in Waltham Forest who foots the bill for the council's endless waste -- and that's not just the tax-payers, it's also every deserving case that doesn't get funded. Best of luck. Walthamster
  • Score: 1

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