LBWF, the Local Authority Business Growth Initiative programmes, and the Waltham Forest Business Board, E11 Bid Co., and North London Ltd.
A couple of years ago, I started hearing some very surprising things about Leytonstone’s Business Improvement District (BID) company, the E11 Bid Co.. The allegation, in short, was that the directors of the company had failed to keep proper books and neglected to pay their taxes; run up substantial debts; and as a consequence jeopardised the company’s ‘going concern’ status. I had always been suspicious about the E11 BID Co. because there was a lack of transparency about its operations, and a lot of obvious flannel about its alleged successes. I knew that councillors (including the ex-Leader, Clyde Loakes) had been or remained on the E11 BID Co. board, and that the co... »