Which may or may not affect future maintenance or improvements.
“
Although it conducted the required valuations for investment properties, land and buildings, it failed to get valuations for around £51 million of specialist assets including the Helix park and landscape at the Kelpies, dredging equipment, lock gates and canal basin widening works.
These assets had not been valued before.
A subsequent valuation, aimed at estimating the cost of replacing these assets in their current condition and existing use, then raised further concerns about the accuracy of Scottish Canal's fixed asset register.
Concerns were raised about the qualification of the valuer chosen by Scottish Canals, items being recorded as assets which were not assets, and assets being recorded without proof of ownership.
“
posts
