Representation by Jane Lee-Hopkinson
- Date submitted
- 11 September 2018
- Submitted by
- Members of the public/businesses
I am a resident of Broadstairs.
The company applying for DCO is not viable or fit to construct and run an airport. The cost of acquiring the land and building a freight and passenger carrying airport are well beyond any investment RSP can make or cause to be made. It has not been possible to identify any source of investment on that scale and it seems, in Company House returns, that it has this year the sum of only £588,000. This sum is held in trust in the Freudmann Tipple company, the private company of [Redacted], the director of RSP who normally represents that company. Because [Redacted] was [Redacted] having misappropriated clients funds (Solicitors Disciplinary Tribunal no. 6200/1992-5133) the auditors notes to the returns of Freudmann Ripple in this year are very worrying. Freudmann Tipple's accounts were in debt £73,101 in the return in 2016. In 2017 the money from RSP was put in trust to FT. The Auditor's notes for 2018 make it quite clear that [Redacted] had awarded himself a loan of £36,495 during 2017 which he had repaid by 2018. (note 10 2018) Borrowing of this kind appears in several of the Companies House returns of companies of which [Redacted] has been a director and those companies have ended in receivership. I am concerned that there is not only no appropriate investment in the company but no assurance of the ability of the directors to govern appropriately. I am convinced that there is neither will nor capacity to build and run an airport. I feel that a much smaller plan, involving the acquisition of a part of this brown field land for development is in play. We in Thanet are at severe financial risk in the hands of RSP and I hope for a decision against RSP's application for a DCO.