(06 Oct 2025, 2:14 pm)Adrian wrote I mean that'll be some of it, but I'd say it's more likely the butchered network combined with trying to pretend that the costs incurred by their compulsory redundancy scheme were financial performance related.
Of course, it raises the question of why profit should be rising, at the same time the level of public funding continues to rise. Sounds like a broken system to me.
It's hard to tell where it's from aswell as EYMS and Procters Group are under GoNorthEast Limited, so GoNorthEast could be still losing money and it's all really coming from Hull.
You'll never know but the fact they broke that off with it's own director and dumped GNE with Manchester probably gives a hint which side is doing better.
That's before going into the discussion of where certain costs are being dumped into as Feetham's wages could be coming out under GoNorthWest which is separate again which made a loss before tax adjustments - which I don't believe for a second either.