Rolle Exmouth Limited to be wound up
The entrance to the Owen Building. Ref exe 10-16SH 6921. Picture: Simon Horn - Credit: Archant
Community benefit society Rolle Exmouth Limited (REL) is to be wound up ‘as soon as possible’.
The decision was made at a meeting of shareholders this week.
REL had hoped to secure some, or all, of the former Plymouth University campus at Rolle College for community use, only to be surprised last September when the university announced the sale of the site to Exeter Deaf Academy.
It was agreed that REL should be wound up, with the two remaining members of the board of directors not wishing to continue, and no volunteers coming forward to take over after the sale of the site.
Shareholders heard REL is solvent and can therefore be wound up fairly easily, but those who bought shares will not be able to claim any money back.
You may also want to watch:
Outgoing acting chairman Roy Pryke said he believed Exmouth could and should still work with the deaf academy for the most beneficial future possible for the site and the community.
He added that, while ‘dismayed, frustrated and angry’ at the actions of Plymouth University, REL could take pride in its achievements, and said he wanted to thank present and past directors, including recent chairman Deborah Hallett, shareholders and all volunteer supporters for their ‘hard work, energy and enthusiasm’.
Most Read
- 1 Remembering the golden age of Exmouth
- 2 Council chairman declares unique new sensory garden open
- 3 Chair of council is the right man for the job
- 4 Funding boost means park team can get their skates on
- 5 The virus brought into focus many problems that were already there
- 6 Repair cafe opens again
- 7 MP and councillors call for rethink on plan for cycle lane
- 8 Communities complete vital work to protect future development
- 9 Estuary team invite families to go wild with summer activities
- 10 Dealer took over vulnerable people's homes in Exmouth and Exeter
