Jersey Heritage Trust High level review of operational performance Economic Development Department February 2010 Locum Consulting 9 Marylebone Lane London W1U 1HL United Kingdom T: +44 (0) 20 7487 1799 F: +44 (0) 20 7344 6558
[email protected] www.locumconsulting.com Date: 08 March 2010 Job: J0968 File: j0968 jht review report final 100215 All information, analysis and recommendations made for clients by Locum Consulting are made in good faith and represent Locum’s professional judgement on the basis of information obtai ned from the client and elsewhere during the course of the assignment. However, since the achievement of recommendations, forecasts and valuations depends on factors outside Locum’s control, no statement made by Locum may be deemed in any circumstances to be a representation, undertaking or warranty, and Locum cannot accept any liability should such statements prove to be inaccurate or based on incorrect premises. In particular, and without limiting the generality of the foregoing, any projections, financia l and otherwise, in this report are intended only to illustrate particular points of argument and do not constitute forecasts of actual performance. Locum Consulting is the trading name of Locum Destination Consulting Ltd. Registered in England No. 3801514 Jersey Heritage Trust Contents 1. Introduction 4 1.1 The Study Brief 4 1.2 Our Approach to the Study 4 1.3 Limitations 5 1.4 Acknowledgements 5 1.5 Structure of this Report 5 2. Summary of Conclusions 7 2.1 Market Performance Findings 7 2.2 Operational Performance Findings 7 2.3 Conclusions and Recommendations 8 3. Background 10 3.1 The JHT 10 3.2 What Has Gone Before 10 3.3 The Current Financial Position and ‘Gap’ 11 3.4 The Market in which JHT Operates 12 4.