The cost of switching the Olympic Stadium, now owned by E20 Stadium LLP which is a joint venture between the London Legacy Development Corporation (LLDC) and Newham Council, from a football stadium to an athletics stadium or event space is far higher than was forecast. This is resulting in concerns by the London Assembly on the viability of the company that runs it.

The cost for preparing the stadium for this years World Athletics Championships was expected to be by £300,000, the final cost was £8 million.  The cost of converting the stadium after the Olympics was £51 million higher than forecasts.

The London Assembly have given E20 Stadium 2 weeks to present their most recent accounts as concerns about the financial stability of thee company  continue to rise.

 

There are questions as to whether the anchor tenant, West Ham who negotiated an annual rent of £2.5 million is a deal that represents good value for the public.  Although the agreement is legally binding, this will be part of the review taken by the London Assembly.

 

Mary Taylor
Director

Mary began working in insolvency for a national accountancy practice in Glasgow thirty years ago and worked in most divisions of the insolvency department.

She then moved to a smaller firm so she could advance her knowledge on a more hands on basis. She moved back to Leeds in 1987 and commenced working with a small firm of accountants and subsequently made partner.

She left in 1999 to set up her own practice, McCann Taylor.
McCann Taylor became involved with the consumer market both in England and Scotland.

Mary sold McCann Taylor in March 2007 and formed Walsh Taylor to concentrate on helping businesses experiencing financial difficulties.

Meg Heath
Director

Meg has a background in supporting SMEs, including the raising of finance and advising on organisational change. She is a non-executive director of companies in the private and third sector, including Walsh Taylor.

Previously she was Deputy Fund Director of one of the largest CDFIs in the UK, and has experience of the social enterprise, charity and private sectors. Her experience of assisting companies to survive and thrive has been gained across a broad range of sectors and in companies of all sizes.

In addition to her work at Walsh Taylor she works for other private companies, including non-executive and trustee positions.

Emma Mifsud
Insolvency Practitioner

After graduating from Leeds University in 2005 with a BA Hons degree in Criminology, Emma worked for a regional law firm in both the property department and insolvency and banking department. Whilst doing so Emma gained a Graduate Diploma in Law at BPP University.

Emma then joined a national accountancy firm in 2009 gaining experience in personal insolvency before moving to a Leeds based firm. At this firm Emma specialised in bankruptcies, IVA’s and negotiating informal agreements with creditors. In 2013 Emma gained her CPI qualification.

Since joining the firm in December 2013, Emma has taken on a portfolio of personal and corporate insolvency cases to extend her knowledge and expertise in all areas of insolvency.

In December 2017 Emma become a licensed appointment taker under the Insolvency Practitioners Association, she is JIEB qualified.

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