I’M not an ac­coun­tant, so maybe the ques­tion I’m about to ask here is an ob­vi­ous one for any­one who is an ac­coun­tant.

Rossendale Free Press - - The Rossendale Scribbler -

Rossendale coun­cil keep say­ing the deal to sell Rossendale Trans­port to ri­val op­er­a­tor Trans­dev has ‘re­alised’ over £3m.

What does ‘re­alised’ mean?

The coun­cil has kept much of the de­tail of the deal a se­cret, which has re­sulted in spec­u­la­tion and con­fu­sion.

The only financial ref­er­ence in coun­cil pa­pers re­gard­ing the deal is that the coun­cil ex­pects to earn £150k a year in the fu­ture from the rental of the com­pany’s bus depot in Hasling­den.

That was writ­ten be­fore Trans­dev an­nounced it was ship­ping the com­pany’s buses to other de­pots the com­pany has in East Lan­cashire.

So was that £150k a year as­sum­ing Trans­dev were stay­ing, or based on the fact they need to find a new ten­ant.

How re­al­is­tic is that?

Then there’s the fact that Trans­dev has ef­fec­tively moved Rossendale Trans­port out of Rossendale in the first place.

Did the coun­cil know that was go­ing to hap­pen, and what’s the cost to Rossendale?

Al­most ev­ery com­pany knows its sup­ply chain value or the value it brings to the lo­cal econ­omy.

How much worse off is the Rossendale econ­omy now Trans­dev has moved Rosso out of Rossendale?

The deal to sell Rossendale Trans­port is a huge one, and one I sus­pect wasn’t taken lightly.

Labour say in­de­pen­dent ad­vi­sors told them it was right to sell – but isn’t it time for the coun­cil to be far more open about what ‘re­al­is­ing’ over £3m re­ally means for Rossendale?

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