£10k loss for Union bars
The productivity of union-run bars at Charing Cross Hospital and Wye campus has been questioned by Tim Aplin, ICU Deputy President (Finance and Services).
As reported on C&G website Live!, Mr Aplin wrote in a report to Union council that the bars "[do] not make commercial sense".
The report stated, however, that as from the week ending 18 May, overall the bars have gone over 30% above expected income.
Charing Cross and Wye bars were the exception and shown to be performing poorly.
While Charing Cross has turned in a 5% increase in revenues (3% of which is accountable to inflation), the forecast for the both bars over the year predicts losses of over £10,000.
Danny McGuinness, ICSM SU President, said: "We are now expecting to hit break even this year. We have come in at under budget on expenses and have had almost £4000 of one off expenses this year including the mandatory licence fee due to the changes in licensing laws.
"What we must remember is that we've turned a £23,000 loss last year into break even this year and I feel that deserves some recognition."
