Blemain Finance

Jun 292018
 

PLAS GLYNLLIFON

This is the third instalment of my gripping narrative dealing with shysters, con men, crooks, liars, asset-strippers, and assorted low-lifes. To bring yourself up to speed I – and my agent – recommend that you read Weep for Wales and Weep for Wales 2 before proceeding.

As I mentioned in my previous posting, there were Open Days at Glynllifon on Sunday and Monday (the 24th and the 25th). And despite my absence it all went swimmingly . . . if we are to believe Rowena Williams and the hitherto unknown Land & Heritage Ltd, who seem to have had a big hand in arranging the event.

So now you’re asking, ‘Who are Land and Heritage Ltd?’ The answer is that it’s a new company, formed less than a year ago, and based in Cornwall, where Paul and Rowena Williams have enjoyed a number of triumphs. They may still have business interests down there, who knows with those two?

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You will note that according to the panel above, from the Land & Heritage Facebook page, Team Williams showed people around the house with its impressive fixtures and fittings, while “Matt, Sarah and Dudley presented plans for future projects and developments”. The BBC was also in attendance.

‘Matt’ I assume to be Matt Jackson, director of Land & Heritage. I’m not sure yet who ‘Sarah’ is (but I know somebody’ll tell me). Of more interest though, is ‘Dudley, who I’m almost certain is Dudley James Cross, Regional Head of Building Consultancy at Lambert Smith Hampton. A company, you may remember from the previous instalment, mentioned in this report from the Daily Post of two years ago as the ‘agent’.

I suspect that LSH was involved in the liquidation of the company that previously owned Plas Glynllifon, or perhaps not involved in the liquidation itself, but with finding a new buyer while the liquidation was proceeding. As we’ve seen on his Linkedin profile, Cross has worked for LSH for 22 years, but that hasn’t stopped him branching out, because from 7 June 2016 until 1 February 2018 he was a director of Leisure and Development Ltd, the main vehicle for Paul and Rowena Williams’ property empire.

According to the documents filed with Companies House, Cross’ address is given as Plas Glynllifon, and his Country of residence as Wales; yet his Linkedin profile tells us that he lives in Northampton. Can’t both be right, can they?

Anyway, Cross ceased to be a director of Leisure and Development Ltd on 1 February, when the company and its assets – including the Radnorshire Arms Hotel in Presteigne – were allegedly taken over by convicted thief and fraudster Keith Harvey Partridge and Sukhbinder Singh Heer (of whom more later).

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If Plas Glynllifon has really been bought by Paul and Rowena Williams, and everything’s tickety-boo, and with him no longer a director of Leisure and Development Ltd, why isn’t Cross back at his day job with Lambert Smith Hampton? Or does LSH still have some interest in Plas Glynllifon?

This may be a good point to give some information on the recent history of Plas Glynllifon.

On 7 November 2000 a company called Glynllifon Ltd was Incorporated with Companies House. Next, on 2 April 2003, this company bought Plas Glynllifon from Coleg Meirion-Dwyfor, with a mortgage from the NatWest Bank.

This company stayed afloat – with help from Cyngor Gwynedd and the Welsh Development Agency – until the AIB group called in a receiver 3 July 2013. Glynllifon Ltd finally slipped beneath the waves when it was dissolved 24 June 2017. By which time Plas Glynllifon had been bought by Paul and Rowena Williams.

Their company Plas Glynllifon Ltd bought the mansion on 19 April 2016 for £630,000. Though you might not know that from the title document, which simply refers to “land adjoining Glynllifon College”. To complicate matters there is no map available from the Land Registry.

But Cyngor Gwynedd assures me that Title No CYM127981 covers Plas Glynllifon.

Aerial view of site (April 2009), courtesy of Google Earth. Plas Glynllifon is in the centre of the picture. Click to enlarge

Since the purchase of the mansion just over two years ago, Plas Glynllifon Ltd has taken out no less than six mortgages or loans with our old friends, the pay day lenders of the commercial property market, Together Commercial Finance Ltd. So maybe it’s time to take a closer look at this company.

Together Commercial Finance Ltd was until very recently known as the Lancashire Mortgage Corporation, part of Jerrold Holdings Ltd controlled by Henry Moser. Censured by the City watchdog in 2012 and with a host of complaints against it from customers – even a petition! – this group is the lender of last resort for those who cannot borrow from banks and more reputable lenders. Designed for people like Paul and Rowena Williams.

To confirm what I’m saying just do a quick search for Lancashire Mortgage Corporation, Blemain Finance, Monarch Recoveries, Henry Moser. Interestingly, Together/Lancashire seems to allow buildings to lie empty, which is what we see happening in Powys and just over the border; and, may be the fate awaiting Plas Glynllifon.

When I’ve got a few days to spare I might try to work out how much Paul and Rowena Williams owe to Together Commercial Finance Ltd. (I hope my calculator’s up to it!)

MEANWHILE, BACK IN POWYS

Despite the sunny weather enjoyed by all at Glynllifon clouds appeared on Rowena Williams’ Facebook page with voices from the recent past, reminders of the businesses they used to – perhaps still – own on both sides of the central border.

Oh! what a tangled web we weave . . . 

From Rowena Williams’ Facebook page. (Click to enlarge.)

Be that as it may, in the official, Williams, version, the properties owned by Leisure and Development Ltd have all passed to Keith Harvey Partridge and Sukhbinder Singh Heer. Now Partridge we know is a convicted thief who had to downsize following his spell in prison. But what of Heer?

At one time he seems to have been a high flier, a managing partner at accountancy firm RSM Robson Rhodes, but he left under a cloud in May 2006 and the once ambitious company he’d led was taken over by Grant Thornton in 2007. The Financial Times referred to Heer’s “sudden resignation”. (This may be the link, but there’s a paywall.)

So how has Heer kept lupus lupus from his portal since bankrupting RSM Robson Rhodes?

In 2011 he joined a firm based in Assembly Square, Cardiff. And although this report from WalesOnline mentions Heer’s association with RSM Robson Rhodes it neglects to tell us the circumstances of his departure. Which is no less than I would expect from a ‘news source’ that does little more than repeat press releases.

Later, with Sukhpal Kaur Heer, perhaps his wife, he formed SSH Associates Ltd. This company entered the ring 5 July 2013 and went down without landing a blow on 26 April 2016. Sukhpal Kaur Heer was involved with another firm that seemed to take a dive, H & H Ventures Ltd.

Another company of Sukhbinder Singh Heer’s that formed and dissolved without apparently doing any business was Premium Hotels Ltd; Incorporated 28 June 2013 and ‘dissolved via voluntary strike-off’ 31 May 2016. The other director of this spectacularly inert enterprise was Keith Harvey Partridge.

The Companies House record for Premium Hotels Ltd. Why bother? (Click to enlarge.)

If nothing else, this tells us that Partridge and Heer have known each other since at least 2013. But when did Partridge drift into the joint consciousness of Paul and Rowena Williams?

If we are to believe Rowena Williams she met Partridge just once . . . perhaps when he skidded to a halt outside the Radnorshire Arms in answer to their ‘Property Empire for Sale!’ advert in Exchange and Mart.

But as I mentioned in the previous post, Partridge stayed a number of times at the Radnorshire Arms, and female staff there found him “unpleasant”.  I have since learnt that he also stayed at Mortimers Cross Inn, Leominster, after Paul and Rowena Williams bought the place in October 2001. So Rowena Williams either suffers from amnesia or she’s a liar.

(I bet it took you a long time to work out which!)

On other fronts, local politicians have been involved. The Tory MP for Brecon and Radnor, Chris Davies, responded thus: “I have received a number of emails from constituents who are concerned about this and have asked me to find out more. To begin with I have written to the owners requesting an urgent meeting at both of the sites to be able to discuss what their plans are and to gain further information. Furthermore, I have written to the Cabinet Secretary for Finance in the Welsh Government to request further information and I have submitted a Freedom of Information request to gain this information as well.”

The obvious question is – ‘Who does Chris Davies think owns the Radnorshire Arms?’ If he thinks it’s Team Williams then they’ll say, ‘We’ve sold it – nothing to do with us, guv.’ And if he’s written to Partridge then I suspect he’s got a long wait.

Local Lib Dem AM Kirsty Williams, answered with, “Obviously these allegations are hugely concerning. I just wanted to let you know that I have raised them with the Cabinet Secretary for Economy and Transport, Ken Skates AM, Minister for Culture, Tourism and Sport, Dafydd Elis-Thomas AM and the BCU Commander for Powys, Superintendent Jon Cummins.”

So there you are – Ken ‘Flint Ring’ Skates and Lord ‘Principality’ Thomas are on the case! What could possibly go wrong?

Stop laughing! It’s not nice to laugh.

THINKING ALOUD

We’ve assembled quite a cast here.

First, we have Paul and Rowena Williams, who buy properties, then sell them to themselves at greatly inflated prices. Which apparently is just fine, nothing wrong in this at all.

The funding for these purchases comes from a finance company with an appalling reputation and track record.

The Williams properties outside of north Gwynedd appear to have been sold to a company run by a convicted thief and con man and a man who single-handedly destroyed a thriving and ambitious accountancy firm before setting up what suspicious souls might view as shell companies.

These businessmen then leave the properties they ‘own’ – often listed buildings – empty and decaying. But not to worry, because word is that all the valuables have been removed.

Meanwhile, and having, allegedly, divested themselves of everything outside of the Caernarfon area Paul and Rowena Williams focus their attentions on the Glynllifon estate, now estimated to be a £20 million project. I shall repeat that for the hard of reading – the estimate for the Glynllifon project is twenty million pounds.

This estimate, remember, comes from people who are up to their eyes in debt, and they’re not in debt to your friendly High Street bank!

Talking of debt, why do all roads lead to Manchester, and the city’s property/financial sector? What are the connections?

Is Lambert Smith Hampton still involved with Plas Glynllifon or is Dudley Cross freelancing? Cross ceased to be a director of Leisure and Development Ltd on 1 February following the ‘takeover’ by Partridge and Heer, so if he is involved with Glynllifon shouldn’t he now be a director of Plas Glynllifon Ltd?

The pictures I’ve seen from the Open Days, pictures of four-poster beds, tasteless statues and Louis XIV pool tables, may have drawn ‘oohs’ and ‘aahs’ from the carefully primed crowd, but it could all be packed onto the backs of a few lorries one dark night. How much has been spent on Plas Glynllifon that cannot be removed?

Louis XIV pool table (cliquer sur l’image pour l’agrandir)

A point may soon be reached when Paul and Rowena Williams go to Cyngor Gwynedd, the ‘Welsh’ Government, maybe a few other bodies, saying, ‘We’ve run out of money, you can’t leave this wonderful old building half finished now can you – so slip us a few mill’. If there’s resistance, then public opinion will be mobilised and pressure applied.

Given the disappointments of the past two decades, first with Glynllifon Ltd from 2001 to 2013, then the Wynnborn nonsense in 2015, they may be hoping there’s a desire in official quarters to just get the bloody place finished, and so money will be handed over.

I repeat my advice to Cyngor Gwynedd and the ‘Welsh’ Government: You are dealing with unscrupulous people – just check their records – so make it clear to them NOW that there will be no public funding to complete Plas Glynllifon.

Unless of course, such promises have already been made. In which case, we should indeed weep for Wales.

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