North Wales Operator Puts Cost of Pound Changeover at £30k
The owner of Llandudno Pier in North Wales has estimated that it has cost his business £30,000 to change over to the new pound coin.
Adam Williams, who also owns Fun Factory and Tir Prince Raceway said, “If you were a small business or single-site operator it could make you bankrupt. Thankfully we could get the machines adapted and tested before the start of the summer season,” he added. “So although there is not a lot of income coming in to pay for the work, it does mean we can start the summer off fully operational.”
Mr. Williams is currently fighting a proposal for 54 apartments, two restaurants, underground car parking and an enhanced public realm featuring a walkway from the pier through to Happy Valley Road which has been submitted by Developer Alan Waldron. In a letter, Williams said: “The proposed development has the potential, in combination, to reduce significantly the income generated by the pier, in both the short and long terms.The loss of revenue would, in turn, impact upon the maintenance of the Grade II listed pier, as funding levels are reduced, and could even place the future of the pier at risk.”
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