Tag Archives: Colm Lacey

CEO Lacey quits Brick by Brick; deputy to leave company, too

CROYDON IN CRISIS: The incompetent chief executive and self-proclaimed ‘founder’ of the council-owned building company which bankrupted the borough has announced his departure – but councillors have been kept in the dark. By STEVEN DOWNES Colm Lacey is to leave … Continue reading

Posted in Brick by Brick, Colm Lacey, Croydon Council, Jo Negrini, Planning | Tagged , , , , , , | 9 Comments

Government-appointed advisers pulled plug on BxB sale

CROYDON IN CRISIS: ‘Improvement Panel’ ordered council to abandon its poor-value deal to sell Brick by Brick, and instead to pay Wates Construction £1.12m to oversee the loss-making builders’ work on 23 sites. EXCLUSIVE by STEVEN DOWNES Hamida Ali, the … Continue reading

Posted in Brick by Brick, Chris Buss, Colm Lacey, Croydon Council, Hamida Ali, Housing, Improvement Board, Katherine Kerswell, Planning, Tony McArdle | Tagged , , , , , , , , , , , | 11 Comments

Mystery of £200k council exec points towards BxB’s Lacey

CROYDON IN CRISIS: While the average salary of council employees is a modest £23,000, those at the top of the organisation, even when it was heading for financial collapse, still made sure they awarded themselves cushty pay hikes. By STEVEN … Continue reading

Posted in Brick by Brick, Colm Lacey, Croydon Council, Guy van Dichele, Hazel Simmonds, Jacqueline Harris-Baker, Jo Negrini, Katherine Kerswell, Nathan Elvery | Tagged , , , , , , , , | 7 Comments

Council puts hotel and College Green up for sale for just £40m

CROYDON IN CRISIS: Two prime sites, owned by the council, are the latest public assets to be off-loaded on the cheap. EXCLUSIVE by STEVEN DOWNES The cash-strapped council’s fire-sale of public assets continues, with the Croydon Park Hotel and College … Continue reading

Posted in Brick by Brick, Business, Colm Lacey, Croydon Council, Croydon Park Hotel, East Croydon, Housing, Jo Negrini, Property, Tony Newman | Tagged , , , , , , , , , , | 9 Comments

Making a Splash: big bailouts behind Brick by Brick’s buyers

STEVEN DOWNES reports on the colourful character behind the business which is set to buy up Croydon’s loss-making house-building company The company tipped to take failed housing company Brick by Brick off Croydon Council’s hands has broken loan covenants and … Continue reading

Posted in Brick by Brick, Business, Chris Buss, Colm Lacey, Croydon Council, Jo Negrini, Tom Bloxham | Tagged , , , , , , , , | 7 Comments

Going to the lowest, only bidder: council finds buyer for BxB

EXCLUSIVE by STEVEN DOWNES Croydon Council could have to pay at least another £40million in order to sell off Brick by Brick, the Labour-controlled local authority’s failed housing developer which bankrupted the Town Hall. And the multi-million-pound spending on the … Continue reading

Posted in Brick by Brick, Business, Chris Buss, Colm Lacey, Croydon Council, Fairfield Halls, Housing, Jo Negrini, Urban Splash | Tagged , , , , , , , , , | 11 Comments

BxB’s collapse was predictable. Why did no one else notice?

CROYDON IN CRISIS: It did not take a couple of £800-a-day consultants to spot that Brick by Brick was dragging the council into financial ruin. Reader NICHOLAS PANES’s first piece for this website, the presciently headlined “Building towards the council’s … Continue reading

Posted in Brick by Brick, Colm Lacey, Croydon Council, Hamida Ali, Housing, Martyn Evans, Paul Scott, Planning, Simon Hall, Tony Newman | Tagged , , , , , , , , , | 10 Comments

Brick by Brick’s delayed accounts show another £0.8m loss

Report states ‘material uncertainty in respect of going concern’ Fairfield Halls project costs soar to £76.4m New directors find many BxB properties over-valued Auditors ‘unable to determine whether adequate accounting records have been kept’ With just a few hours to … Continue reading

Posted in Brick by Brick, Business, Colm Lacey, Croydon Council, Fairfield Halls, Housing, Jo Negrini, Planning | Tagged , , , , , , , , | 9 Comments

Brick by Brick needs £10m loan to avoid going bankrupt

CROYDON IN CRISIS: Consultants’ salvage plan for failed house-builder is accepted, including the council paying a second time for 190 flats which will be used as social housing. But the full extent of potential losses is kept under wraps. By … Continue reading

Posted in Brick by Brick, Colm Lacey, Croydon Council, Fairfield Homes, Hamida Ali, Improvement Board, Property | Tagged , , , , , , | 7 Comments

Council set to take £100m hit as it winds down Brick by Brick

CROYDON IN CRISIS: The borough is looking for a buyer for its failed development company, as a secret report to next week’s scrutiny committee balances the costs of selling off sites currently under development against the price of persisting with … Continue reading

Posted in Brick by Brick, College Green, Colm Lacey, Croydon Council, Fairfield Homes, Hamida Ali, Housing, Katherine Kerswell, Planning, Property, Section 114 notice | Tagged , , , , , , , , , | 10 Comments

£30m Fairfield Halls project never went to competitive tender

EXCLUSIVE by STEVEN DOWNES Brick by Brick’s management of the refurbishment of the Halls has been subject to disputes with at least two leading contractors £3m grant to build an art gallery was diverted to pay for other work – … Continue reading

Posted in Alison Butler, Art, Ashcroft Theatre, BH Live, Brick by Brick, Business, Colm Lacey, Croydon Council, Fairfield Halls, Simon Hall, Tony Newman | Tagged , , , , , , , , , , , | 22 Comments

£29m deal on flats buys Brick by Brick some breathing space

Yet more public money is being used to bail-out the council’s failed house-building company, as it flogs off 85 flats intended for shared ownership. Our housing correspondent, BARRATT HOLMES, reports In the latest admission of the abject failure of Brick … Continue reading

Posted in Alison Butler, Brick by Brick, Colm Lacey, Croydon Council | Tagged , , , , , , , , | 4 Comments

Now Scott tries to play the blame game over Brick by Brick

Our political editor, WALTER CRONXITE, on how the chief architect of the council’s disastrous housing policy is trying to salvage his reputation Paul Scott, part of the clique which led Croydon Council to bankruptcy, broke cover at a virtual Town … Continue reading

Posted in Alison Butler, Brick by Brick, Colm Lacey, Croydon Council, Housing, Jo Negrini, Lisa Taylor, Martyn Evans, Paul Scott, Planning, Report in the Public Interest, Section 114 notice, Simon Hall, Tony Newman | Tagged , , , , , , , , , , , , | 9 Comments

Lacey still spinning as he hangs on to his job at Brick by Brick

It is not only the former council chief exec who has shown unconcealed contempt for the borough’s residents. Now, as our housing correspondent BARRATT HOLMES reports, the discredited head of the council-owned builders is pushing his luck, too Colm Lacey … Continue reading

Posted in Brick by Brick, Callton Young, Colm Lacey, Croydon Council, Hamida Ali, Housing, Jane Avis, Leila Ben-Hassel, Section 114 notice, Stuart King | Tagged , , , , , , , , , , , , | 17 Comments

Brick by Brick part of a perfect storm that bankrupted Croydon

CROYDON COMMENTARY: The Price Waterhouse Coopers report confirms that the council-owned house-builders have been badly mismanaged, putting at risk millions of pounds of public funds. As one reader asks – why wasn’t something done much sooner? This is a thoroughly … Continue reading

Posted in Brick by Brick, Colm Lacey, Croydon Council, Section 114 notice | Tagged , , , , | 5 Comments

Lacey to be removed from board of mismanaged Brick by Brick

Consultants’ report is latest damning review of Croydon’s badly-run council. By STEVEN DOWNES Colm Lacey is to be removed from the board of Brick by Brick, the council’s loss-making house-builder, while funding for new schemes is to be frozen and … Continue reading

Posted in Alison Butler, Brick by Brick, Colm Lacey, Croydon Council, Jo Negrini, Martyn Evans, Planning, Section 114 notice, Simon Hall, Tony Newman | Tagged , , , , , , , , , , , , | 10 Comments

It’s magic! Brick by Brick’s in-house Google reviews vanish

Our Magic Circle correspondent, PAUL SPANIELS, on a disappearing act performed at the borough’s loss-making house-builders It was a case of “Now you see them, now you don’t”, as the dodgy Google reviews about their employers posted by a handful … Continue reading

Posted in Brick by Brick, Colm Lacey | Tagged , , , , , | 1 Comment

Brick by Brick staff caught breaking Google review policies

EXCLUSIVE: Desperate to salvage the company’s sagging reputation, Brick by Brick employees appear to have been indulging in a bit of online onanism. By STEVEN DOWNES Staff at Brick by Brick, the council-owned housebuilder, have been breaking online standards rules … Continue reading

Posted in Brick by Brick, Colm Lacey, Croydon Council | Tagged , , , , , | 11 Comments

Lacey could lose job over latest pitch to sell Brick by Brick

CROYDON IN CRISIS: A publicity campaign – effectively funded by Council Tax-payers – on behalf of the council-owned housing firm in an effort to salvage the managing director’s job has enraged councillors. By STEVEN DOWNES Labour councillors were furious today, … Continue reading

Posted in Brick by Brick, Business, Colm Lacey, Croydon Council, Jo Negrini, Katherine Kerswell, Martyn Evans, Planning, Report in the Public Interest | Tagged , , , , , , , | 10 Comments

The Audit Report: Brick by Brick has paid nothing to council

CROYDON IN CRISIS: The Report in the Public Interest into the financial crisis at Croydon Council includes 21 recommendations. Four of them apply directly to Brick by Brick, the loss-making house-builder which has broken multiple agreements and owes the council … Continue reading

Posted in Alison Butler, Brick by Brick, Business, Colm Lacey, Croydon Council, Jo Negrini, Report in the Public Interest | Tagged , , , , , , , , , , | 7 Comments

Last council-appointed director resigns from Brick by Brick

CROYDON IN CRISIS: Council-owned house-builder releases some financial figures that show they have missed their latest annual revenue targets by £113m and have delivered 377 fewer homes than they predicted. By STEVEN DOWNES There is not a single representative of … Continue reading

Posted in Brick by Brick, Business, Colm Lacey, Croydon Council, Hamida Ali, Jo Negrini, Martyn Evans, Shifa Mustafa | Tagged , , , , , , , , , , | 3 Comments

No conflict of interest over BxB review, claims chief exec

KEN LEE reports on a hurried closing of ranks at Fisher’s Folly over the loss-making council-owned house-builders Asking the council executive director who has been in charge of Brick by Brick’s piss-poor performance for the past four years to draw … Continue reading

Posted in Brick by Brick, Colm Lacey, Croydon Council, Jo Negrini, Katherine Kerswell, Shifa Mustafa | Tagged , , , , , , , , , , | 2 Comments

Brick by Brick climbdown over ‘Stasi prison block’ in Waddon

It’s get-out-of-jail-free for the residents of Theobald Road, as the council-owned developer pulls its plans for an ugly block of flats, without any public explanation. Prisons correspondent, BELLE MARSH, reports Brick by Brick has withdrawn its planning application to build … Continue reading

Posted in Brick by Brick, Colm Lacey, Croydon Council, Housing, Paul Scott, Planning, Robert Canning, Waddon | Tagged , , , , , , , , , | 9 Comments

Brick by Brick lied about using £600k house as site office

EXCLUSIVE: A family with a five-year-old child undergoing cancer treatment are among those whose house-owning dream has been turned into a nightmare. By BARRATT HOLMES, housing correspondent A young family have been delayed for more than a year from moving … Continue reading

Posted in Brick by Brick, Business, Colm Lacey, Croydon Council, Crystal Palace and Upper Norwood | Tagged , , , , , , | 6 Comments

Brick by Brick claim building on green space is ‘sustainable’

If there was any doubt of the contempt in which the residents of this borough are held by the six-figure salaried executives at Brick by Brick and their paymasters at Croydon Council, then one need only look at the back-slapping … Continue reading

Posted in Alisa Flemming, Brick by Brick, Colm Lacey, Croydon Council, Environment, Housing, Norbury Park, Planning, Sherwan Chowdhury | Tagged , , , , , , , | 3 Comments