Canonbie Community Enterprise’s
disappointment with owner’s u-turn
Canonbie Community Enterprise (CCE) Ltd held their annual general meeting last Thursday and it was well attended by about 40 people who were disappointed with the news that Mr Scott had refused the group’s offer for the Post Office despite having signed a memorandum of sale agreement. Di Badham told the meeting that
“We are well on with the onboarding process with the Post Office, several people are doing online training and we have a proposed opening date of 28th July. Mr Scott is now asking £55,000 for the business as a going concern despite having failed to provide a single piece of evidence financially to support this value. He says he has had it professionally valued and has 2 valuations of £45,000 and £70,000 but no one has seen these.
“At the beginning of February this year Mr Scott approached us and said his circumstances had changed and he would like to move forward. A meeting was arranged and three members of CCE Ltd met with him in the Eskdale Hotel in Langholm. He was offered a fee for the transfer of the franchise and the lease. It was made clear to him that there was no more money and there was not any chance of obtaining more money. Mr Scott rejected our offer.”
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