Message from the President
Posted on: 2 February
EGM – Monday 29th January 2024
On behalf of the Board, I wanted to thank the Members who attended the meeting and also for their unanimous support passing the resolution which will ensure we have funding through to the end of June 2024.
During the meeting the question was asked by a member “what is the Board proposing to do to resolve the unacceptable trading losses”. In response our Treasurer made it clear that we cannot continue to fund our trading losses from the Corpus. To an extent these trading losses have been driven by the cost of maintaining the course to the high standard that we are now enjoying together with the impact of inflation on our costs generally. However, the major and to an extent controllable element is due to the underperformance of our Food and Beverage operations.
The Board are now undertaking a full review of all the options and once the Board has an agreed strategy, we will call a meeting of members to explain the strategy in detail and answer questions.
Rob Poynting
President
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