Link Holdings (Gibraltar) Ltd Revisited

On 29/09/202330/09/2023 By JacIn Housing, Local Government, Welsh Government, Welsh Labour38 Comments

Some seven years ago I wrote about a company called Link Holdings (Gibraltar) Ltd. It was difficult to get to the bottom of it all because the companies involved were registered offshore.

It all started when it was brought to my attention that properties in Swansea used by housing associations were leased or rented from Link. After a bit of digging I was satisfied that, in various forms and under different names, Link had been operating in and around Swansea, and across the south, for decades.

But, as I say, due to the various entities being offshore, and information hard to come by, there was a limit to how far I could go. In the end I just had to leave it and move on.

Even so, to help you understand better what you’re going to read, and for me to avoid repeating myself too much, I suggest you read the piece from 2016.

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THE LEASEHOLD SAGA

We are going to deal with an issue that’s been rumbling on for a long, long time; with politicians of all stripes promising to tackle it. For those unclear what I’m talking about, the leasehold system is explained here.

Here’s George Thomas demanding change in 1961, in a surprisingly impressive speech (considering who’s making it). Nothing happened.

Leasehold is again discussed in a 1985 parliamentary exchange between Ron Davies MP and Nick Edwards, Secretary of State for Wales.

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To bring us up to date, Labour promises to abolish leasehold within 100 days of winning the next UK general election. The wording of the article suggests the proposed legislation will also cover Wales.

Which would of course save the so-called ‘Welsh Government’ from having to do anything. Though it might have some powers now.

I say that because the ‘Welsh Government’ has given thought to leasehold. Here’s a July 2019 report, Residential Leasehold Reform, from a task and finish group.

With the quote below from page 29, made in March 2018 by the Minister for Housing and Regeneration, Rebecca Evans.

But this report from March 2021, despite containing ‘next steps’ in the title, suggests that ‘Welsh Government’ is just kicking the can down the road.

In fairness, and as I’ve suggested, leasehold reform might be an Englandandwales matter; but if so, it hasn’t stopped Corruption Bay from creating the post of Head of Leasehold Reform. Does that job title suggest he has staff!

You won’t be surprised to learn that this job went to an insider. His name is Timothy Mann, formerly with the Labour party’s favourite housing association, Wales & West.

But FFS! If ‘Welsh Government has the power to act on leasehold, then why doesn’t it? But if it doesn’t have the power to act then why waste time and money faffing about with task and finish bullshit and sinecures for cronies?

It would appear that Labour in Wales has rowed back from outright opposition to leasehold to merely being against the sale of leases on new-build properties.

One reason might be Registered Social Landlords (housing associations), which are funded by the ‘Welsh Government’. For since their privatisation in 2018 many, perhaps most, have set up subsidiaries, which now build private housing for the open market . . . often leasehold, or ‘shared ownership’.

Also, and as I reported in the 2016 piece, housing associations are quite happy to lease property from Link Holdings (Gibraltar) Ltd, and perhaps other companies. With the ‘Welsh Government’ fully aware of this.

To make sense of it, understand that housing associations, especially in the urban south, are extensions of the Labour party. So if housing associations are doing lots of business with leasehold firms, or selling leaseholds themselves, then this might explain why ‘Welsh Government’ is reluctant to implement leasehold reform.

But if intervention comes from the next Labour government in London then the bruvvers down here can hold their hands up and say, “Nothing to do with us“.

OK, that’s a more general picture on leasehold, time now to turn to the latest news about Link Holdings (Gibraltar) Ltd, and what I’ve unearthed.

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WHY I’M REVISITING THE SUBJECT

This return to Link Holdings (Gibraltar) Ltd was prompted by an e-mail I received last week. Let the senders explain with this extract from that e-mail.

You must admit, it’s a worrying tale. If the couple that wrote to me hadn’t opened the innocuous-looking letter from Companies House they might have lost their home.

You’ll see Castlebeg mentioned, that we encountered earlier in the Davies-Edwards House of Commons exchange. This was another horse out of the Link stable, based in Jersey. I use the past tense because the company’s dissolved.

Also based in Jersey were Cymru Management Ltd and Cymru Investments Ltd, both of which were connected with Link Holdings. The former has filed nothing since January 2021, and the latter was dissolved in September of that year.

Was this in anticipation of the new legislation you’ll soon be reading about?

And yet . . . another document I unearthed, for a UK-registered company owned by the family I believe is behind Link Holdings, suggests there is still a company using the ‘Gwalia’ name. This document is dated 24 January 2023.

The Cymru Investments Ltd just mentioned was once known as Gwalia Investments Ltd, but the name changed many years ago. The date of the filing above suggests an active company. But in which jurisdiction?

Let’s return to the reason for this update.

Here’s the title document sent by my source (already highlighted.) I’ve made redactions for obvious reasons but you can see that in January, this property, for which both leasehold and freehold had been purchased by my contacts, was still, according to the Land Registry, owned by Link Holdings (Gibraltar) Ltd.

There are other title numbers mentioned on the document I’ve just linked to, and these refer to a property on Neath Road in Plasmarl. The freehold is held of course by Link, but the leasehold by Caredig Housing Association. Again, we see a connection between Link and a housing association.

Anyway, after reading and digesting the information I’d been sent, it was time to make fresh enquiries into Link, maybe pick up where I’d left off in 2016.

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BACK ON THE TRAIL

The first stop was Companies House. And there, against my expectations, I found Link Holdings (Gibraltar), registered as an Overseas Entity 23 November 2022. The only officer / director listed is Sovereign Fiduciary Directors Ltd of Gibraltar.

This registration with Companies House ties in with the Register of Overseas Entities legislation that came into force 1 August 2022, demanding that . . .

Overseas entities who want to buy, sell or transfer property or land in the UK, must register with Companies House and tell us who their registrable beneficial owners or managing officers are.

Explained again here.

There’s nothing really to see on the Companies House entry apart from the Registration document itself (OE01). Though it is quite revealing. For if you scroll down to ‘Part 13 Disposal of land’, you’ll hit a few pages of Land Registry title numbers.

Forty-nine titles in all. From my quick dip I’m guessing that most if not all of them are ‘multiples’, covering a number of properties, with a total running into the hundreds.

It would have been too much work, and too expensive, to check them all; so with each page containing 8 titles I settled for one from each page.

Despite being chosen at random, all were in the Swansea area, the furthest out being Ammanford. The others in Penclawdd, Sketty, Waunarlwydd, and Dunvant.

The first we’ll look at is Ammanford, 9 properties on Maes yr Hâf, off Dyffryn Road. Here’s a view. Next, Penclawdd. Twenty-two properties at a new development on the Gowerton Road.

Sketty is 16 properties on an older development. There seem to be 8 properties in the Waunarlwydd development. Finally, at Dunvant, we find (by my figuring) the title covering 35 separate properties. I won’t link to the title document because lessees are named. These properties are scattered about on Hendrefoilan Road, Derlwyn, Gwelfor, and a few other nooks and crannies.

All the Killay / Dunvant properties would seem to be covered by this map.

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That’s a total of 90 properties on five randomly chosen Link Holdings titles.

And remember, these are just the titles disposed of between 28 February 2022 and the dates of the application, the latest of which was 7 November 2022. There will be many, many more titles held by Link.

For example, the Hirwaun title that started the ball rolling again is not listed.

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To give some understanding of how much property Link owns go to Private Eye‘s Tax Haven map. Or try the Excel database (the link for this is just above the map). Admittedly, these only go up to 2014, but they’re revealing; and this research helped bring about the law to register overseas entities owning UK property.

Open the Excel file and, even though there are many Link properties before, and after, if you start at 73397 (left-hand column) you’ll hit a long sequence of Link properties due to the ‘WA’ Land Registry prefix.

Most seem to be in the Swansea area, but they’re spread across the south (with the exception of Blaenau Gwent), though perhaps no further west than Llanelli.

If you’re smart enough with Excel then you can probably extract all the Link properties from the document. (In fact, I’d appreciate it if someone could do that.)

The area we’re looking at next is north east Swansea, either side of the M4. The properties in orange in the Private Eye map on the left are relatively new and all Link Holdings leaseholds.

Funny, isn’t it? ‘Welsh Government’ says it’s opposed to new builds being leasehold, but this seems to be exactly what Link’s been doing for decades.

UPDATE: Thanks to some outside help Link Holdings’ Welsh titles have been extracted from the PE data and arranged in local authority order.

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POACHER TURNS GAMEKEEPER (SORT OF)

If you look at the Land Registry title documents I’ve used in this article you’ll see addresses given on the first page, against ‘Registered owners’. Link Holdings is obviously listed but beneath the company name the contact details given are:

Sovereign Fiduciary Services Ltd, Po Box No 564,
Sovereign Place, 117 Main Street, Gibraltar, GX11 1AA
107 Charterhouse Street, London EC1M 6HW
3rd Floor, 11-12 Wind Street, Swansea SA1 1DP

The Gibraltar address is obviously Link’s representative on The Rock, but the other two are solicitors. One is Sayers Butterworth LLP in London, the other Smith Llewelyn in Swansea.

I saw no point in contacting Sovereign Fiduciary Services at its plush downtown offices. But I thought it might be worth approaching the solicitors, to see if they had anything to say about their client.

Quite a departure. It’s normally solicitors contacting me! “Oi! our client . . . “.

I sent each solicitor an e-mail, on Wednesday last week. But I’ve received no reply. I think they’re waiting to see what I write before contacting me.

I’m 90% sure I know who’s behind Link Holdings. It’s an established business family in Swansea. The name suggests their ancestors might have been part of the Cornish migration of the 18th and 19th centuries, following the tin and the copper to Swansea.

Though they seem to have deserted the City of My Dreams for Hampshire, Fulham, and God knows what other hell-holes!

My many admirers on the left might describe those behind Link as, “bloodsucking capitalists!“, or some other carefully-honed and rationally presented response such as we hear from the comrades nowadays.

But me, well, I see it differently. A moral and regulated capitalist system is the only way to create wealth and employment. With the prosperous and egalitarian democracy that results the surest guarantee against the extremes of left and right.

There’s more I could say about the leasehold model; for this throwback to feudalism should have been abolished a long time ago along with droit du seigneur.

Such as people contacting me who thought they’d bought their new house outright, only to discover the hard (and expensive) way that what they’d actually bought was a lease. Leasehold is a system that invites deception and corruption. It should be abolished.

But instead of signing off with a rant I’ve decided to wind up this wee opus with some harmless musing.

How many others have found themselves in the position of my Hirwaun contacts, with Link Holdings claiming to own their home?
How many others are in that situation without knowing it because they haven’t checked what’s filed with the Land Registry?
Given that in recent decades Link has concentrated on new build properties, what is the company’s relationship with the builders involved? Is Link buying ‘off plan’? Or is Link commissioning the building of these developments in order to sell the leaseholds and retain the freeholds?
What is Link’s relationship with Swansea council, which cannot be unaware of the company’s activities? What would the council say to those who’ve been denied the opportunity to buy a home outright by Link hoovering up the freeholds and only offering leasehold agreements?
Labour has argued against the leasehold system for at least 60 years, yet in 24 years of devolution has done nothing. Is this another example of Labour making promises out of power and failing to deliver when it has power?
Is the ‘Welsh Government’ comfortable with certain Welsh housing associations renting / leasing property from a company of unknown ownership hiding away in a tax haven?

♦ end ♦

Anti-Welsh Housing Associations

On 07/11/201710/11/2017 By JacIn Colonisation of Wales, Corruption, Demographics, Englandandwales, Planning, Public Funding, Social Housing, Third Sector, Welsh Government, Welsh Labour98 Comments

TO RECAP . . .

I have written many times about social housing in Wales, and of the many problems created by the more irresponsible housing associations. Here are just a few of the problems:

Unlike in Scotland, social housing providers in Wales are tied into an Englandandwales system. This results in our housing associations having to give priority treatment to people with no Welsh connections.
Many of those being housed by these routes will be ‘problem families’, or young tearaways, they might be drug and alcohol abusers, or they’ll be recently released from prison. These issues will inevitably place a burden on our health service and other facilities while also affecting the quality of life in many Welsh communities.
Wales has an ageing population. In a decade or so Wales will be the ‘oldest’ country in western Europe. This also places a strain on our NHS and other services which results in money being taken from education and other budgets. Yet many housing associations, particularly in the north, are using public funding to build housing for the elderly and the infirm brought in from outside of Wales.
Despite the recommendations of the Notional Assembly’s Public Accounts Committee social housing providers are still diversifying through unaccountable subsidiaries. This results, for example, in the insane situation in Pembrokeshire where The Pembrokeshire Housing Association is passing public money to its subsidiary, Mill Bay Homes for MBH to build houses for sale on the open market!
Many Welsh housing associations lease or rent properties from companies based in tax havens. I explored this connection in Link Holdings (Gibraltar) Ltd. Yet no one in the ‘Welsh’ Government seems to care that Welsh social housing tenants could be living in properties owned by the Mafia, or ISIS.
Housing associations form secretive and costly links with Third Sector and other bodies. Some of these links are of questionable legality, of dubious benefit to Wales, but always costly to the Welsh public purse.
And that, perhaps, is the biggest worry of all. That no one with responsibility for overseeing social housing bodies, no one who funds them with hundreds of millions of pounds of public money, seems to care how they operate. It’s left to self-evaluation and self-appraisal – box-ticking exercises which of course never find any problems. So everybody’s happy!

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NEWS FROM THE NORTH

A taste for what follows may be obtained from the post Bits & Pieces of September 30th. Now here’s the latest:

Paul Diggory, the Chester-based former boss of ailing North Wales Housing, is now promoting himself – something he’s very good at – as a ‘housing and social enterprise freelance‘, which fits in nicely with his role as chair of the Chartered Institute of Housing in Wales.

Diggory gives us one of the two qualifications needed to run a Welsh housing association: either be English like him and the CEOs recently appointed to Valleys to Coast, Bron Afon and Hendre; or else have good links with the Labour Party, which accounts for the appointments of both Trivallis’ new £150,000 a year CEO and the new Board chair, Tracy Myhills, previously CEO at the Welsh Ambulance Trust. (How’d you like that on your CV!)

It should go without saying that if you’re English and a member or supporter of the Labour Party then you get to take your pick of which housing association you’d like to run. Being English but supporting some other party would be acceptable, but if you’re non-Labour Welsh, forget it.

This is how a one-party state operates.

Staying in the north for a minute . . . Not so long ago Labour’s most favoured housing association, Wales & West, built a big new office building in Ewloe, Flintshire, very close to the border.

Many thought at the time that a Cardiff-based housing association might be over-extending itself with this office block, but no, for since then W&W has not only swallowed up Cantref of Castell Newydd Emlyn, and branched out into Ceredigion, but is also hovering, vulture-like, over ailing HAs across the land.

One housing association viewed as sickly and about to fall is Pennaf. The Pennaf Group is based in Llanelwy (St Asaph) and includes the Clwyd Alyn housing association and Offa, a lettings and management service. A northern source tells me that a couple of factors may be contributing to make Pennaf look a tasty dish.

First, CEO Graham Worthington – also based in Chester! – has just announced his retirement; plus, it seems that Pennaf has been tardy in bringing its 4,500 properties up to Welsh Housing Quality Standard, something it should have done by 2012.

The reason for Pennaf finding itself in this parlous position is I’m told due to spending too much time and money building care and residential homes – i.e. using Welsh public funding to bring in more retirees, so as to put extra strain on the NHS and social services that will result in education and other budgets being raided.

Only in Wales!

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WALES & WEST WAY OUT WEST AND WAY OUT OF LINE

I’ve just mentioned that Wales & West snaffled up Cantref of Castell Newydd Emlyn, which operated mainly in Ceredigion, but W&W is also branching out in other ways.

When the ‘Welsh’ Labour Government handed Cantref over to Wales and West part of the dowry was valuable land at Plas Morolwg in Aberystwyth, overlooking the marina and with nice views out to sea. That site is now earmarked for 60 extra care flats. It’s doubtful if Ceredigion needs this development, certainly, it’s suggested that if it goes ahead it will jeopardise Mid Wales Housing’s Cylch Caron project in Tregaron.

But things are never that simple in Ceredigion.

Ceredigion council’s leader, Ellen ap Gwynn of Plaid Cymru, is under intense pressure over the closure of the Bodlondeb care home in Aberystwyth. Motivated by nothing more than a deep and heartfelt concern for the old biddies therein Labour and Lib Dems have taken to protesting against the closure, even recruiting that one-boy rent-a-mob and self-promoting little shite, Owen Jones.

It is further suggested that certain council officials such as strategy officers and planners who – how can I put this? – whose first spoonful might not have been puréed laverbread, are bending over backwards to help an anti-Welsh organisation like Wales & West.

An unholy alliance of Plaid Cymru and Welsh-haters.

Let’s now turn our attention to Lampeter, where Wales and West is very active, and plans yet more expansion. What follows is information for which I offer thanks to someone obviously well-informed about council business.

To begin with, there are widespread concerns in Lampeter that Wales & West is failing to evict its drug-dealing tenants in Bryn Road and North Road. But things are almost certainly going to get worse, for W&W is said to be in the process of buying the old Ffynnonbedr school building in order to build yet more flats in an area of low need. So Lampeter can expect more drug addicts to arrive. Lucky Lampeter!

UPDATE 08.11.2017: A pre-planning consultation notice appeared on the door of the old Ffynnonbedr school today. The architect Geraint John of Cardiff is making the planning statement/application in the name of Hacer Developments of Swansea.

This document – at 5.5 and 5.6 – makes great play of an agreement between Ceredigion council and Cantref in the early part of 2016 and seems to suggest that Cantref is the client. But of course Cantref was taken over by Wales & West over a year ago, but I can find no mention of Wales & West. Understandable given the drug dealers and others W&W has already brought into the town.

As if that wasn’t worrying enough for the good people of Lambed, I hear from a former weekend soldier that the old Territorial Army building – also on Bryn Road – is up for sale, and word is that W&W want to buy this as well. But I bet you’d guessed that already!

I’ve mentioned that Wales & West refuses to evict its lucrative drug-dealing tenants in Lampeter, and for this it has been congratulated by fellow Labour Party members in Shelter Cymru. Mutual back-scratching among Labour-run Third Sector bodies is so prevalent and blatant that they even try to make a virtue of it.

Elsewhere the tale of evictions is different. For back in Aberystwyth, mainly local 16- and 17-year-olds are being evicted from Wales & West’s Tŷ Curig hostel . . . to make way for new ‘guests’. Most of these replacements will arrive burdened with ‘issues’, but it is these very ‘issues’ that will allow W&W to charge a hefty fee for housing them – leaving the rest of us to pick up the bill.

Before leaving Wales & West for a moment I should also point out that the new office building wasn’t restricted to Ewloe, for there’s also the new HQ in Cardiff. This too may be in anticipation of expansion, with one of the potential victims rumoured to be Cardiff Community Housing Association, where CEO Kevin Protheroe is about to retire.

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WHY DO I SAY ‘ANTI-WELSH’?

I try to be careful in using the right word, and that’s why I have no hesitation in describing Wales & West Housing – and others I’ll soon mention – as anti-Welsh.

Non-Welsh or un-Welsh might imply someone or something having nothing to do with Wales; it might suggest ignorance of Wales’ distinctiveness, possibly ambivalence; but by using anti-Welsh I mean awareness of the Welsh language, and other things that make Wales different, but deliberately seeking to denigrate and undermine them. This certainly applies to Wales & West, which is why I describe W&W as anti-Welsh.

Let’s start with the W&W website – it’s in English only. As is the website of another Labour-run housing association I’ve mentioned, Trivallis (formerly RCT Homes). This is no accident, for when it comes to the Welsh language most Labour Party members and supporters agree with Neil Kinnock rather than with Carwyn Jones.

Other HAs – Bro Myrddin, for example – rely on Google Translate. The CEO at Bro Myrddin is Hilary Jones, said to be an ‘ally’ of W&W, who is rumoured to be taking an interest in Hafan Cymru, reported to be in serious trouble due to its over-reliance on the Supporting People programme and EU funding.

But the point is that all Registered Social Landlords are legally required to give equal status to both languages, and also to have a Welsh language scheme in place. But the Regulation Managers employed to enforce these requirements obviously aren’t up to the job (or maybe they too missed out on the puréed laverbread).

Or does the fault lie with those above them? I ask because this recent advertisement for a Regulation Manager bizarrely and confusingly talks of “capability to work in both English and Welsh” but then says that Welsh is “not necessary“!

This seems to be a case of going through the motions: ‘Look, we’ve got to say this about the Welsh language . . . but in practice it doesn’t really mean anything‘.

A concrete example of Wales and West’s contempt for the Welsh language came recently with its advertisement for a Development Officer in Newcastle Emlyn, with the advertisement in English only and no requirement to speak Welsh in an area where Welsh is widely spoken. Welsh is certainly the majority language among the native Welsh.

This advertisement is not an oversight, nor is the absence of a Welsh website. This is flaunting power. This is a bunch of Labour bigots, with the ‘Welsh’ Government behind them saying, ‘Fuck you, and your language!‘

How will this attitude contribute to Carwyn Jones’ one million Welsh speakers by 2050?

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IMAGE CONFLICTING WITH REALITY

We are encouraged to think of housing associations as streamlined, twenty-first century replacements for the old local authority housing departments, but doing a much better job. In fact, they have so little in common that any comparison is invalid.

To begin with, councils operate within defined geographical areas, whereas housing associations are spread all over the country competing with each other and duplicating each other’s work. Competition and duplication that places a wholly unnecessary burden on the public purse.

This has obviously been realised, and the problem is being addressed by encouraging those housing associations that are most ‘reliable’ from a Labour Party perspective – which also happen to be the least Welsh in staff and attitudes – to expand and take over the others. Which has two main results.

One, it increases Labour Party influence in areas of Wales where the party has no MPs or AMs. Two, it encourages instinctively anti-Welsh organisations to expand into areas where the Welsh language is strong. Good for the Labour Party but a disaster for the Welsh language and for Wales

Another difference is that local authority housing departments would never have struck deals with outside agencies to import someone else’s criminals, paedophiles, drug addicts, problem families, etc. The reason being that councils had that link with their patch, that commitment to their people, and of course councillors needed to be re-elected. With housing associations such considerations and restraints are absent.

For housing associations are distant bodies, answerable to nobody, and can do what they damn well like. And because there’s little profit to be made from housing decent, law-abiding locals, but lots of money available if they inflict problems on small Welsh towns like Lampeter, that’s the model they follow.

A good source of income for many ‘Welsh’ housing associations

And while there are healthy profits for Wales & West and others from importing undesirables, once here they place an inevitable burden on local health and other services, and police resources, while causing misery and disruption to Welsh communities. In a different category, but having a similar effect on the Welsh public purse, are the retirees being brought into Wales, and this is no longer confined to the Costa Geriatrica.

All of which results in the Welsh public purse, which funds W&W and the rest of them, losing out again, and again, and again. And we are the public purse, you and I. It is we who lose out in having to endure inferior facilities and strained resources.

But the model followed by Wales & West is profitable. And the profits made, coupled with ‘Welsh’ Labour backing, allow W&W to undermine and then swallow up their smaller and weaker brethren, which will include responsible social housing providers sticking to what should be the role of housing associations – providing rented housing for local people.

And some day in the not-too-distant future, when towns like Lampeter and Aberystwyth are awash with drug addicts and criminals from God knows where, and there are only a few housing associations left standing, the ‘Welsh’ Labour Party will control them all.

Allowing ‘Welsh’ Labour, through its housing associations and other Third Sector bodies, to exert a control over Wales denied it by the ballot box. We shall have arrived at the one-party state.

Endgame.

♦ end ♦

Housing Associations: Secret or Public?

On 02/01/201709/01/2017 By JacIn Colonisation, Common Purpose, Corruption, Housing, Public Funding, Social Housing, Third Sector, Welsh Assembly, Welsh Government, Welsh Labour, Welsh Language66 Comments

It’s difficult to know where to start with this rather complex story. Maybe we should go back to 2008 and the Welsh Housing Quality Standard, presented as an attempt to improve the standard of social housing. The WHQS was in fact nothing more than the Decent Homes Standard that operated in England. Another example of ‘Welsh’ legislation being just renamed and repackaged English legislation. Though in this instance, there was one very important difference, to be found in this National Assembly document, which says . . .

If the ‘Welsh’ Government can fund housing associations and also fund councils that retain their housing stock, then surely it can find the money for ALMOs? To argue otherwise doesn’t make sense. Limiting the choice to those options might make sense though to those in the social housing sector who saw WHQS as a weapon that could be used to get local authorities to hand over their housing stock. But do housing associations really exert such influence?

♦

Well, consider this. The umbrella body for housing associations in Wales is Community Housing Cymru (CHC). From July 2006 until July 2014 the group chief executive of CHC was Nick Bennett. Prior to that he’d been a Spad for a few years until October 2002 and in between he’d been a director of Cwmni Cyfathrebu Bute Communications. Another director of this long-defunct company was Alun Davies, who had not long before switched his political allegiance from Plaid Cymru to Labour, and would be elected as a regional AM in 2007.

So Nick Bennett was in business with a rising star in the Labour Party – who’d already stood for the party in Ceredigion in the 2005 UK election – and this would have done him no harm when he applied for the post of group chief executive of Community Housing Cymru in 2006. Bennett’s strong links with ‘Welsh’ Labour also explain why he got the job of Public Service Ombudsman for Wales in July 2014.

In addition, many housing associations, particularly in the south, are stuffed with Labour Party members and supporters, and the party goes out of its way to help these associations. A recent example would be the takeover of Cantref by Wales and West. I’ve written about this disgraceful episode a few times, my posts can be traced back from Cantref: ‘Welsh’ Labour Takeover Challenged?

Cantref is a housing association based in Newcastle Emlyn, operating in a bilingual area with bilingual staff. It hit a rocky patch and a scavenger soon appeared in the form of Wales and West Housing, whose chief executive is Anne Hinchey, wife of Cardiff Labour councillor Graham Hinchey. Business is now conducted in English only and ‘Welsh’ Labour has an important beachhead in an area where it has very little electoral support.

The latest example of the influence housing associations exert over the Labour Party and its ‘Welsh’ Government comes with the news that, “In September (2016), the Office for National Statistics (ONS) announced housing associations should be considered part of the public, not private, sector. But the Welsh Government promised to take “whatever steps are necessary” to reverse the change, following concerns.”

The key to understanding what’s going on here is, firstly, that these “concerns” come from housing associations and their umbrella organisation Community Housing Cymru. I am not aware of anyone – other than CHC’s fifth column inside the ‘Welsh’ Government – who believes that housing associations becoming public bodies is a bad thing.

The reason given for opposing the ONS initiative is, “Community Housing Cymru (CHC) said it could affect their (housing associations) ability to borrow money and to build new homes.”

♦

Let us look at the first of those claims that, if reclassified as public bodies, housing associations would find it more difficult to raise private funding. Which suggests that housing associations are now borrowing considerable sums from banks and other financial institutions. But are they? In my investigations into housing associations I have found little evidence that they rely on commercial loans. So where does housing associations’ income come from?

The largest and most obvious source of income is rents from their housing stock, most of which they inherited from local authorities. Yes, these properties have to be maintained and improved, up to Welsh Housing Quality Standard, but as we’ll see below, the ‘Welsh’ Government – i.e. you and me – pays for it all! And there are other funding streams, as I explained in Housing Associations – The Great Deception. (Nov 17, 2015.)

As I said back then, “One of the facts unearthed is something called Dowry Gap funding, paid to certain housing associations for them to use in upgrading the housing stock they’ve inherited from councils under voluntary transfer (i.e. through a vote by tenants). This funding is currently being paid to ten housing associations and in 2015 – 16 the total cost will be £43.8m. Tai Ceredigion Cyf’s ‘Dowry’ will be paid at the rate of £1.6m a year for 30 years. If this 30-year term applies to the other, larger housing associations, then the total cost will be £1.3bn.

This Dowry Gap funding seems to complement the Welsh Housing Quality Standard legislation, which demanded that all RSL properties be up to WHQS standard by 2012. This deadline – and its funding of £108m a year – has now been extended to 2020. Introduced in 2004 and running to 2020, £108m a year totals up to £1.7bn.

Adding the two we get a total figure of £3bn for ‘improvements’. Seeing as Wales has 143,790 RSL properties, this works out at almost £21,000 per property! (Is this right? Will somebody please check the figures.) That is a lot of moolah for windows and doors, especially when we accept that many of the dwellings inherited from local authorities were in good condition, certainly not needing ‘refurbishment’ to the tune of 21 grand per property.”

Another lucrative source of ‘Welsh’ Government funding for housing associations is the Social Housing Grant. The latest figures I have tell us that between 2008 and November 2015 £771,708,622.59 was paid in Social Housing Grant.

We are talking billions of pounds of public funding going into social housing. Perhaps four billion pounds by 2020.

♦

The second part of housing associations’ objections to becoming public bodies is that they claim it could affect their ability “to build new homes”. Why? They’d still have the income from their rents, and they’d still receive public funding. This claim is just baseless scaremongering done to hide the real objections those running our housing associations have to them becoming public bodies.

As things stand, housing associations, or Registered Social Landlords as they’re also known, have the best of all possible worlds. They operate as private companies, but with massive advantages over what we would normally consider to be private companies.

To begin with, most of them inherited their housing stock for nothing when council tenants were given a vote (often after receiving misleading information). Then, as I’ve just explained, they receive staggering amounts of money from the public purse, despite, with their assets, being able to raise private funding just like other businesses. Being registered as Industrial and Provident Societies with the toothless Financial Conduct Authority means that they are not covered by the Freedom of Information Act – yes, despite all that public funding! Finally, oversight and monitoring by the ‘Welsh’ Government is non-existent.

This last fact explains how we can have a situation in which a publicly-funded RSL like Pembrokeshire Housing can set up and fund a subsidiary, Mill Bay Homes, for it to build and sell homes on the open market to retirees and investors (with of course Mill Bay Homes having an unfair advantage over independent house builders in the county).

When Pembrokeshire Housing will get back the millions of pounds it is has ‘loaned’ to Mill Bay Homes is anyone’s guess . . . but why should you worry when nobody in the ‘Welsh’ Government seems in the least concerned by this bizarre arrangement. I have written about Pembrokeshire Housing and Mill Bay Homes many times. Work back from Welsh Social Housing, A Broken System (Oct 23, 2016) to Mill Bay Homes and Pembrokeshire Housing 2 (June 14, 2016).

Those of you who enjoy a good read should settle down with this report into the workings of the Pembrokeshire Housing Group compiled by a concerned member of the public. (No, not me.) It has been circulated to interested parties, too many of whom seem to believe that if they whistle and look elsewhere the embarrassment will disappear.

♦

But there are so many other problems with housing associations.

The most recent stock transfer seems to have been in Gwynedd, in 2010, when the council transferred its housing stock to Cartrefi Cymunedol Gwynedd (CCG). Among the first things CCG did was to hand over the maintenance contract for its properties to English company Lovell, which then brought in sub-contractors from north west England. I saw this first-hand in my village, and wrote about it in The Impoverishment of Wales (Aug 26, 2014).

Another issue I recently unearthed was that of housing associations leasing properties from shady offshore companies, the biggest of which is called Link holdings (Gibraltar) Ltd. I wrote about it in a piece entitled, unsurprisingly, Link Holdings (Gibraltar) Ltd (Oct 10, 2016). Equally unsurprising is that the ‘Welsh’ Government’s civil servants don’t want to talk about this scandal, ‘All a long time ago . . . leases taken out by previous incarnations . . . stop bothering us’. But nothing changes the fact that Welsh housing associations in 2017 are putting a lot of public money into companies hiding in tax havens. Should public money be used in this way?

A long-standing problem with housing associations, perhaps more visible in rural areas, is that in order to appear busy, to pretend there’s a demand in order to keep the funding coming, they will often bring into Wales misfits and petty criminals. This was certainly an issue with Cantref. Note the reference in the information below to “young tenants from the hostel”. I’m told that Cantref brings in from England young tearaways and within a very short time extended families of scruffs and roughs are wandering Aberteifi. Other housing associations do the same, because it pays well.

One of the worst cases in recent years was the gang of paedophiles and rapists housed in Kidwelly by Grwp Gwalia. I wonder how much Grwp Gwalia was paid to inflict these creatures on a small Welsh town? Were those responsible ever reprimanded or sacked? Did Grwp Gwalia compensate the victims?

It was in attempting to get information on this case that I realised housing associations are not bound by the Freedom of Information Act. Because when I asked for details a door was slammed in my face . . . a heavy and expensive door paid for with public money.

Finally, before leaving this section, let’s ask ourselves exactly who is complaining about the ONS proposal to make housing associations ~~open and honest~~ public bodies? Well we can be sure that the minions employed by our RSLs don’t have a direct line to Stuart Ropke, Nick Bennett’s successor as Group Chief Executive at Community Housing Cymru. The opposition is coming from much further up the food chain.

From people like the £150,000 a year chief executive of RCT Homes. After that bit of bad publicity RCT Homes rebranded itself as Trivallis. Most people in the Central Valleys are still trying to figure out what Trivallis means, and how much it cost to change everything. But, hey, it’s only public money, and there’s plenty more where that came from.

♦

With social housing we have bodies operating in a Twilight Zone that allows them to pretend they’re private companies, free from bothersome FoI requests and any worthwhile official scrutiny, yet enjoying assets they did nothing to build up while having their finances constantly topped up by the public purse. With overpaid CEOs pretending they’re part of the business community.

Registered Social Landlords are part of the Third Sector, that monkey that we must shake from our backs if we are to build up a healthy economy and a prosperous country. Wales is over-dependent on hand-outs, but instead of using even that funding wisely, far too much of it is passed on in further hand-outs. This is trickle-down economics Welsh style.

The fundamental problem with the Third Sector in Wales is not that it exists – for there will always be shysters looking for some ’cause’ to exploit in their own interest – but that it is so interwoven with the ‘Labour movement’; which in itself might not be a problem were it not for the fact that ‘Welsh’ Labour is the recipient and distributor of the handouts.

We should be thankful to the Office for National Statistics for giving us this chance to clean up the expensive mess that is social housing in Wales. We should grasp this opportunity with both hands and make our housing associations public bodies, open to public scrutiny.

The worst possible outcome would be for the ‘Welsh’ Government to be swayed by individuals like Nick Bennett, Stuart Ropke, the £150,000 a year CEO of Trivallis, and too many others with a vested interest in maintaining the indefensible status quo.

To maintain that status quo would be to pander to a selfish, sectional interest against the national interest. Of which we have seen far too much since 1999.

♦ end ♦

P.S. Here is my submission to the Public Accounts Committee for its Inquiry into the Regulatory Oversight of Housing Associations.

Updates & Tit-bits, November 21, 2016

On 20/11/201613/01/2017 By JacIn Cardiff, Colonialism, Colonisation of Wales, Corruption, Police, Public Funding, Social Housing, Swansea, Welsh Labour45 Comments

SWANSEA

Persecution

Where better to start than the old home town. (Which still ‘looks the same as I step down from the train, and there to greet me’ – is a welcoming committee from the local Labour Party. ‘Good old Jac’, they cry. Well, laff!)

As you may recall, I wrote a while back about the case of Swansea East MP Carolyn Harris and her alleged homophobic assault on Jenny Lee Clarke, when both worked in Labour’s Swansea East constituency office for MP Siân James. It even made the London ‘papers, here’s how the Telegraph treated it.

Meryl — This picture has nothing to do with the article . . . but I just can’t resist it! That hat!

Harris took over from James as MP in May 2015, the story about the alleged assault made the news in the second half of November then, on January 28, Clarke was dismissed from her job with immediate effect. I’ve seen the letter from Carolyn Harris; it’s one of those, ‘Clear your desk and sod off – now!‘ letters. We’ve all had them, I’ve got a drawer full. Things have not gone well for Clarke since then.

For not only did she lose her job, she was also accused of stealing money from her erstwhile employer (one C. Harris); and the most recent assault on her peace of mind, in September, was to be told by Swansea council that they’d stopped her housing benefit because someone had informed them she’d died! Naturally she reported this to the police, but they just messed her about a bit and refused to proceed with the case.

As for Labour-controlled Swansea council, you have to ask whose word they took that Jenny Clarke was dead. There was obviously no death certificate produced . . . or if there was then it was a forgery. But they are unable to explain how they came to accept that Jenny Clarke was demised. A third party points the finger at a close associate of Harris within the council – but who’s gonna investigate? This is Wales. This is the Labour Party.

As for the theft allegation, well this drags on . . . and on. The cops just keep extending her ‘Pre-Charge Conditional Bail’ (as it’s described on the form); the police bail was extended until November 7, and now it’s been extended again until February 17. I doubt if there will be charges; this is just the cops playing mind games.

This is a disgusting episode even for a corrupt and backward country like ours. The dominant political party engages in the kind of vindictive behaviour for which it is infamous, and yet what’s really worrying is that the police seem to be going along with this persecution of a woman whose only mistake was crossing the local political machine.

Persecution Complex?

Someone who may have good reason to be looking over his shoulder is the leader of Swansea council, Rob Stewart, one of the Morriston councillors. For the word echoing along the corridors is that conspirators are grouping around his ousted predecessor David ‘Il Duce’ Phillips, he of the red duffle coat (click to view).

As we speak, plots are being hatched, alliances formed, and positions of power allotted in the post-coup council. But back to the present.

One of the popular programmes on the Swansea Sound radio station is The Sunday Hotline presented by Kevin Johns. People phone in and have a moan about this and that, you know the sort of thing.

Any criticism of Swansea council is immediately answered by Stewart, who doesn’t phone in to defend himself, but sends an e-mail! – ‘And following that heartfelt complaint from Mrs Lloyd of Penclawdd about the council doing nothing to arrest and castrate Romanian cockle-pickers we’ve had an e-mail from council leader Rob Stewart, who argues . . . ‘.

Can’t you just picture him of a Sunday morning, still fizzy from too much lemonade the night before, in his marmalade-streaked pyjamas, trembling finger hovering over the keyboard as he listens to the bile spewing forth from his radio. It’s not a pretty sight, is it? But who knows, after next May, he might be able to cwtsh in under his duvet on a Sunday, unless of course he decides to put on strange voices and start phoning in complaints about his successor.

‘Good Night, John Boy’

Someone else I’ve written about more times than I wanted to is councillor John Charles ‘John Boy’ Bayliss, perhaps the last of the student councillors recruited by David Phillips and his wife Sybil Crouch, who works in Swansea university. Though I suppose there could be a few new ones in May.

Despite being a councillor for the Uplands ward, and despite living in Swansea, you wouldn’t be aware of that from his Twitter account; but ‘Uplands, Swansea’ or ‘Uplands ward in Swansea’ appeared on all his previous Twitter incarnations. (Two examples here and here.) And although it says “2017 local election candidate” it doesn’t say where. He’s certainly not standing for re-election in the Uplands (here’s Labour’s Magnificent Four for May, including the balding Lili Marlene), so where is he standing, is it even in Wales?

Maybe he’s standing in Bristol, where he works. Or is he going home to mummy and daddy in Sussex? Who cares? It looks like he’s leaving Swansea, and that’s the main thing. The only one who might miss him is Il Duce.

UPDATE 21.11.2016: A good source informs me that Bayliss may be standing for Cardiff council in May, either in Fairwater or Llandaff. Which makes sense, as he works in Bristol. But he was only recruited by the Remarkable Group because he was a Swansea Labour councillor and Remarkable was involved with the contentious Mynydd y Gwair wind farm. What use might a lobbying company like Remarkable have for him in Cardiff? P.S. Now confirmed by a second source.

♦

LLANELLI

The Invisible Man Moves

Sticking with the topic of Labour councillors on the move, we cross the tumbling waters of the mighty Llwchwr to Llanelli, where many people are asking why Rob James is moving there from Neath. At present James is the Labour councillor for the Bryncoch South ward . . . though you’d be forgiven for not knowing that, certainly if you were going by his attendance record.

For as Stan at the Neath Ferret tells us, between May and the end of October, James had attended 2/5 full council meetings; 0/3 meetings of the Environmental and Highways Scrutiny Committee; 0/4 Social Care, Health and Housing Scrutiny Committee; 0/1 Licensing and Gambling Acts Committee; 0/3 Registration and Licensing Committee: and as might be expected, he didn’t bother turning up for the council’s Annual Meeting in May either. Impressive, no?

rob-james — He may not bother turning up for meetings, but Councillor Rob James recognises a photo opportunity when he sees one. Look out, Llanelli – he’s coming your way!

What’s worse, to accommodate the Invisible Man from Neath Llanelli Labour has deselected Lliedi ward councillor Bill Thomas. Who’s he? Let Cneifiwr tell us, “Bill Thomas has ploughed his lonely furrow for 17 years, doing the sort of things which most people would like to imagine that all councillors do. For starters, he has a mind of his own, which marks him out from a good many of his colleagues. He has stood up for his ward through thick and thin, fought a long campaign to try to get justice for the cocklers whose livelihoods have been wrecked by releases of raw sewage into the Burry Inlet. He has fought an even longer and equally fruitless campaign to get justice for Mr and Mrs Clive and Pam Edwards, victims of incredible incompetence and an even more incredible refusal to put matters right by the council. He has banged on for years about the madness of building new homes on flood plains, and he played a key role in uncovering Mark and Meryl’s plans to flog off Parc Howard in Llanelli – while Labour was running the council.”

So it’s pretty obvious why Labour should want to remove a conscientious councillor and replace him with someone who’ll cause no problems, but that doesn’t explain why James is making the move. He could just as easily not turn up in Neath as Llanelli, so why go through the hassle of switching, filling in those forms and risking defeat?

In all seriousness, how does Llanelli Labour Party justify dumping a good councillor and replacing him with an outsider, especially an outsider with James’ attendance record? It really is taking the electorate for granted.

Now a Labour Politician Who Didn’t Move, Allegedly

Staying in Sosban . . . well, maybe, we look at the AM for the town, young Lee Waters. Now no one disputes that Lee was raised in Ammanford, but he’s spent recent years in the Cardiff area, and it’s being suggested that he still lives in the Vale, in Barry to be precise.

Which might be fine, had he not told the Turk electorate in May that his happy abode was in New Zealand Street, Llanelli. He pipped the Plaid Cymru candidate by 382 votes.

‘Poumista’

Another recently announced candidate for May’s county council elections is Gary Robert Jones. You’ll recognise the name from my posts on the ongoing campaign of bigotry against Welsh language education in Llangennech. No doubt ‘poumista’ is hoping to capitalise on his notoriety.

His Twitter handle is taken from the Spanish initials of the Workers Party of Marxist Unification, an extremist party active in the Spanish Civil War, mainly in Catalonia. (It might even have the same initials in Catalan.) POUM seemed to be opposed to everybody else involved, on both sides. Here’s a short write-up from 1936, but don’t all rush to join, POUM was thankfully dissolved in 1980.

That POUM no longer exists seems not to bother Jones one bit. In fact, to judge by his Twitter account, I’m not sure he realises WWII is over either. If in the modern era we judge politicians by their tweets and re-tweets then there should be some concerns about @poumista. Here’s one re-tweet I salvaged, put out late last Saturday night; it’s of a female Russian sniper under a photo of one the biggest butchers in human history. Such taste!

I urge you to check out the Twitter account of the Labour hopeful for Llangennech and Bryn before he starts deleting. There are some very revealing tweets and re-tweets there. Including of course re-tweets of Lee Waters telling us of his occasional trips from Barry to Llanelli.

♦

To finish with Llanelli I must mention a curious message I received to my ‘contact me’ box in the sidebar. It named a very prominent individual in the Llanelli Labour Party and seemed to suggest that this person had – perhaps by questionable means – come into possession of a number of former council properties. Any further information would be appreciated.

♦

THE LEAVING OF LABOUR

It’s not just Labour politicians moving (or not, as the case may be), or putting themselves up for election, there are other movements with ‘Welsh’ Labour, and very encouraging they are too.

The first story I picked on was from Caerffili, where two Labour councillors resigned last month promising to set up their own party. One of them, Allan Rees, alleged that “nepotism and cronyism is rife” within the local Labour Party. Not just your local party, Allan, come and talk with Uncle Jac.

Then, a few days ago, we learnt that six councillors had been ‘de-selected’ (a term I’m sure the man in the photo would have approved of) by the Ogmore Constituency Labour Party.

On top of that, Labour has lost a couple of seats on Cardiff city council in recent by-elections. First, the Lib Dem candidate won in the Plasnewydd ward; then Plaid Cymru took one of the Grangetown seats.

But remember, these upheavals for Labour have nothing to do with Jeremy Corbyn and his hard left supporters eliminating the hated ‘Blairites’ – that storm has yet to break in Wales! Labour has real problems, but this is no time to stand around gloating – put the boot in!

♦

OUR HOUSING ASSOCIATIONS

Link Holdings (Gibraltar) Ltd is, as the name might suggest, a secretive offshore company, one owning a great deal of property across southern Wales, from Llanelli eastwards. Here’s a list of Link’s properties compiled from the Private Eye database.

Offshore property ownership is disturbing enough of itself, but the reason I wrote Link Holdings (Gibraltar) Ltd was because I’d learnt that housing associations are leasing, and possibly renting, from Link. So naturally I wrote to the ‘Welsh’ Government seeking answers. Here’s a combined pdf of my original request, the reply, and my response to that reply. (Read it now or keep it for a rainy afternoon.)

I kept a number of politicians informed of my concerns regarding Link Holdings, and also with the bizarre – possibly unique – relationship between Pembrokeshire Housing and its offspring Mill Bay Homes. One of these politicians showed me the response received from minister Carl Sargeant. It’s worth sharing. Here it is.

You’ll note that in the first part of the letter, talking of the Social Housing Grant with regard to Pembrokeshire Housing, Sargeant, or whoever wrote the letter, is clear that SHG must be “spent on pre-determined developments and projects”. Which is what I would expect, because I’ve always regarded the SHG as a capital grant for new housing, creating jobs and putting money into an area.

Yet in the second part of the letter, when dealing with Link Holdings (Gibraltar) Ltd, we read, “An RSL (registered Social Landlord aka housing association) is able to purchase the leasehold title of a property, and is able to receive Social Housing Grant Money to do so”. How can a capital grant for “pre-determined developments and projects” be used to lease old properties from offshore companies?

As I’ve argued for years, housing associations are one the worst uses of public funding imaginable, but major change is on the horizon. Thank God!

♦

HAPPY DONKEY HILL

Regular readers will recall that some time ago now I had cause to write about a rather unpleasant woman named Kate Clamp living near Llandysul. She changed the name of her property – actually owned by her multi-millionaire father – from Faerdre Fach to Happy Donkey Hill.

In one of my posts I used this image from her Facebook page, but I’d assumed the use of ‘Lady’ was a joke. (As would ‘lady’ be in this case.) But not so, for a series of messages I’ve received to my Facebook page tell me that Clamp and her current consort have taken to styling themselves ‘Lord and Lady Clamp’ in earnest.

My contact has been in touch with Burke’s Peerage, Debrett’s and various other sources and is assured that the duo has no claim to any title. So have they bought one off some website? Or maybe they splashed out a few thousand on one of those ‘Lord of the Manor’ titles that allows you to make a nuisance of yourself. (I used to vaguely know a bloke who collected such ‘titles’.)

But the point is – as my contact was keen to stress – the Clamps are in a competitive business, and if they’re gaining an unfair advantage over their competitors by falsely claiming to be aristocrats, then surely they’re breaking some law? If nothing else, shouldn’t the local Trading Standards office be involved?

My contact also had something to say about a ‘missing’ donkey, and police involvement, but that can keep for another post, because I’m sure I’ll be writing about ‘Lord and Lady’ Clamp again in the near future.

♦ end ♦

Welsh Social Housing, A Broken System

On 23/10/201625/10/2016 By JacIn Local Government, Public Funding, Social Housing, Third Sector, Welsh Government, Welsh Labour30 Comments

My previous post dealt with offshore property company Link Holdings (Gibraltar) Ltd and housing associations leasing properties from it, though I made passing reference – just a paragraph – to another publicly funded housing association, Pembrokeshire Housing, and Mill Bay Homes, the latter a subsidiary of the former that builds houses to sell to anyone.

This brief mention was enough to send someone scampering to Hugh James, the ‘Welsh’ Government’s favourite legal firm. (Indeed, to judge by the amount of business Carwyn’s civil servants put the way of Hugh James you’d think there were no other lawyers in Wales.) And so on Friday evening I received another threatening letter from Ms Tracey Singlehurst-Ward.

It says: “You are required to remove the statement from the website and any other location (either in hard or soft copy) in which you have published it by no later than 9am on Monday 23 October 2016. (Monday is actually the 24th.) You are also required to confirm in writing by way of undertaking that the allegation will not be repeated.” Read it for yourself.

You will see that the period of grace I am allowed in which to recant left me no opportunity to seek advice from other members of Ms Singlehurst-Ward’s profession. So I have had to rely on my own counsel, which directed me to refuse capitulation but to amend the offending paragraph. If it still offends, anyone, hard luck, because that’s all you’re getting.

♦

In many ways, Mill Bay Homes is a curious beast. To begin with, it is a Registered Social Landlord (No L124) and yet (as far as I can tell), it receives no funding from the ‘Welsh’ Government. But then, this is as it should be, for Mill Bay Homes does not build or rent social housing . . . so why is it a Registered Social Landlord?

The answer is that Mill Bay Homes ‘inherited’ its RSL number when Pembrokeshire Housing 2000 – a craft that never launched – changed its name to Mill Bay Homes in February 2012. After which Mill Bay Homes took off to become one of the leading house builders in the county, using money transferred from Pembrokeshire Housing – which of course does receive public funding.

This paragraph is directed to the ‘Welsh’ Government, more specifically, the Housing Directorate.

‘If Mill Bay Homes applied to become a Registered Social Landlord tomorrow you would, quite correctly, turn down the application for the obvious reason that MBH neither builds nor rents social housing. (This explains why it does not receive Social Housing Grant or other funding.) That being so, why do you allow MBH to retain the RSL number of its predecessor?’

Anomalies abound when we consider the relationship between Pembrokeshire Housing and Mill Bay Homes. We can even add Pembrokeshire County Council to the mix, for both have a close relationship with the local authority. Take, for example, this S106 agreement drawn up just before Christmas last year between MBH and the council.

The agreement deals with “four Social Rented Housing Units” and “two Intermediate Housing Units” in the Newton Heights development totalling some 55 properties at Kilgetty. Later in that document, in Schedule 4, we encounter the paragraph below.

“The RSL” has to be Pembrokeshire Housing, if only because Mill Bay Homes does not receive grant funding (and wouldn’t be buying from itself). Which means that, having transferred millions of pounds to Mill Bay Homes for it to build homes for sale, Pembrokeshire Housing will then use grant funding to buy one (or more?) of those properties.

I can’t help thinking that something ‘clever’ is going on here. Maybe too clever for old Jac. Another one for the Housing Directorate? So let me frame it as a question.

‘Publicly funded Pembrokeshire Housing shuffles money to its subsidiary, Mill Bay Homes. Mill Bay Homes builds private dwellings. Now it appears that Pembrokeshire Housing buys properties from Mill Bay Homes with grant funding.

Why doesn’t Pembrokeshire Housing just build its own social housing with the money it receives from the ‘Welsh’ Government for that express purpose?’

Come to that, how many social housing units could Pembrokeshire Housing have built with the millions it’s passed to Mill Bay Homes? Is there no demand in Pembrokeshire for more social housing? If not, why is Pembrokeshire Housing still receiving grant funding?

Something is not right down west. Money goes into Pembrokeshire Housing from various sources, gets mixed up, and comes out the other end, with over £6m going to MBH (by the end of the financial year 31.03.2015).

Yet we are asked to believe that none of this money comes from grants received from the ‘Welsh’ Government. In other words, it is not public funding. Maybe the source is rents received from PH’s tenants, or money from sales of social housing. But who paid for that housing in the first place?

All of Pembrokeshire Housing’s assets and income ultimately derive from the public purse. That being so, should any of it be used to build open market housing?

♦

As I say above, my mention of Pembrokeshire Housing and Mill Bay Homes was little more than a passing reference in a piece about Link Holdings (Gibraltar) Ltd, a company that owns a few thousand properties across southern Wales, from Llanelli eastwards, so let us return to the main dish.

I contacted the Coastal Housing Group in Swansea, one of the housing associations leasing properties from Link Holdings, but the exchange ended with the message below. Clearly, the shutters have gone up.

In the hope of getting more information on the relationship between housing associations and offshore companies I tried another angle by writing to the First minister, Carwyn Jones. Within a couple of days I received this response from the Housing Directorate.

We can do naught but wait, and hope . . .

♦

Looking at this latest threat from Hugh James I can’t help wondering who exactly triggered it. Was it really Pembrokeshire Housing and Mill Bay Homes? If so, then they were a bit slow off the mark, because the post had been up for a week before Ms Singlehurst-Ward swung into action.

Picture it, gentle reader; there I am, blogging merrily away, exposing the scandal that housing associations are dealing with property companies registered in tax havens, and that money is passing from a publicly-funded RSL to its subsidiary, for that subsidiary to build private housing, and wham! – out of a clear blue sky comes another threatening letter from Hugh James, a company that itself has grown fat off the public purse.

An unkind soul might say they’re all in it together, civil servants, RSLs, lawyers, etc, all sucking on the teat of the public purse, so why not watch each other’s backs, hang together lest they hang separately?

Which raises the possibility that certain persons know about the arrangement in Pembrokeshire, and are quite happy to fund it. And perhaps these same people also know that housing associations are dealing with companies hiding in tax havens that could be run by gangsters, and they also support this arrangement.

Because imagine the embarrassment in certain quarters if it became known that homes were being built in Pembrokeshire by a company funded by a housing association that has received tens of millions in grants from the ‘Welsh’ Government, and that some of these properties are sold to English retirees or used as holiday homes. Or that housing associations are officially encouraged to deal with faceless companies in tax havens!

This would explain why such people, instead of responding with, ‘Thank you, Jac, for drawing this to our attention, your OBE is in the pipeline, regularly set the dogs on me!

♦

I have argued for some time that the system of publicly-funded Registered Social Landlords is unsustainable in the long run. We are, effectively, giving public money to what are in many cases unaccountable private companies. As I see it, there are three options:

1/ Cut RSLs adrift and let them support themselves by raising private funding. (After all, they are asset rich.)

2/ Return the role of social housing provision, together with the current stock, to local authorities.

3/ Let the ‘Welsh’ Government take over the social housing stock and set up a national body along the lines of the Northern Ireland Housing Executive.

The more I learn of RSLs the more convinced I become that the existing system of social housing provision in Wales is broken. For anyone to pretend otherwise is to be wilfully blind or else defend known practises that would shock and outrage most people if they gained wider publicity than they get from my blog.

Which might be the answer to everything.

♦ END ♦

Link Holdings (Gibraltar) Ltd: An Open Letter to Carwyn Jones

On 17/10/201623/10/2016 By JacIn Public Funding, Social Housing, Third Sector, Welsh Government, Welsh Labour48 Comments

October 17^th 2016

First Minister,

You may have read my previous post, ”. If not, then I suggest you read it, if only to help you understand what follows.

Your government gives a great deal of public money to housing associations. These bodies are largely unregulated and, as a consequence, a law unto themselves. (One reason so many of them run into ‘difficulties’.) For example, Pembrokeshire Housing – a body that receives a great deal of money from the public purse – funds its subsidiary Mill Bay Homes in the building of private houses for sale.

The emergence of this particular scandal is due entirely to dedicated individuals rather than to the media, politicians, or those answerable to you who claim to be overseeing the Registered Social Landlords you so lavishly fund.

Now it emerges that housing associations funded by your government are leasing – perhaps also renting – property from Link Holdings (Gibraltar) Ltd, a company that is registered in a tax haven to hide the identity of those behind it, also to escape UK regulations and of course to avoid paying UK tax.

♦

On Sunday, the Guardian told us that Arron Banks, funder of Ukip, friend of Nigel Farage and financial backer of his recent Leave.EU campaign, also makes use of Gibraltar. (Read it here.) When I read the story bells rang because details of Banks’ Gibraltar connection seemed familiar to me.

That’s because both Link Holdings and Arron Banks use Parliament Lane Nominees as directors, and both also use STM Fidecs Management Ltd as secretaries. (Check Link Holdings’ company profile from Companies House in Gibraltar to confirm this.)

Coincidence? Probably, but the Guardian article raises the possibility that Welsh housing associations, funded and supposedly regulated by the Welsh Government, could be leasing properties from Arron Banks.

Despite the blog post I refer you to focusing on Swansea this problem is not confined to that city, or to Link Holdings. To begin with, Link Holdings owns property across southern Wales, so it’s reasonable to assume that RSLs in other areas have an arrangement with Link. Then, knowing that Link is one of many offshore companies owning property in Wales makes it equally reasonable to assume that housing associations have dealings with companies other than Link. (Read this.)

It doesn’t matter which possibility we consider, neither does your government or the housing associations involved any favours. Link Holdings (Gibraltar) Ltd could be owned by Arron Banks, or it could be owned by the Mafia, the Moonies, or money-launderers, we just don’t know.

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Successive Labour administrations in the Assembly have told us they believe in ‘openness’, they’ve also reminded us how responsible they are in their handling of the public purse. You now have an opportunity to prove that these claims are more than empty rhetoric.

Unless, that is, you see nothing wrong with housing associations passing on public funding to property companies registered in tax havens. But I find that difficult to believe.

I also believe that no right-thinking Welsh politician would sanction what I have explained here, so we are entitled to know who is behind Link Holdings (Gibraltar) Ltd. We are also entitled to know if you and the housing associations involved are unable to identify who is behind this company.

Someone also needs to explain why the Welsh Government allowed publicly-funded bodies to do business with companies registered in tax havens. Before, finally, promising that such behaviour will be brought to an end.

♦

It’s clear from the Link Holdings case, from what’s happening in Pembrokeshire, and from other evidence, that the social housing sector is in one hell of a mess. A well-funded but almost completely unregulated mess.

The answer to this problem lies in genuine reform, not in encouraging housing associations run by Labour Party members to take over faltering RSLs in order to increase Labour’s stranglehold on Welsh public life. (I am of course referring here to the recent .)

Let me conclude by suggesting that you, First Minister, practise what your party preaches about openness and concern for the public purse by making sure that no more of our money reaches secretive companies registered in Gibraltar or any other tax haven.

END

UPDATE 18.10.2016: I have now decided to write directly to the First Minister. Here’s my letter.

Link Holdings (Gibraltar) Ltd

On 10/10/201616/10/2016 By JacIn Housing, Planning, Social Housing, Swansea, Welsh Assembly, Welsh Government, Welsh Labour42 Comments

Regular readers of Private Eye – and perhaps those who abjure Lord Gnome’s organ – will know there is now a database available that tries to list all property in Wales and England owned by overseas registered companies. You can browse it here.

Naturally, my interest was in Wales, and so I extracted the Welsh properties from the database and these can be viewed here, grouped by local authority, and then, within each LA area, ownership is shown alphabetically.

It soon becomes clear that different companies can be found operating in different areas, some in more than one area; but one particular company stood out for the sheer number of properties it owns.

I’m referring of course to the company of the title, Link Holdings (Gibraltar) Ltd. Here’s a list of Link’s properties, again, grouped by local authority, and in date order with the most recent purchases at the top. Though you’ll see that Link also owns a few houses (and a garage!) in Colchester, Essex, which seem to be the only properties the company owns outside of Wales. I’d love to know the explanation for the Essex outlier.

Perhaps the most striking thing about the Link properties is that a great majority of the title documents, almost all, in fact, bear the same date, July 24, 2006. There are so many titles bearing this date that I think it must signify the transfer of a large property portfolio to Link Holdings (Gibraltar) Ltd on that date. Which raises the question, whose portfolio was it before Link bought it? Alternatively, it could just be a change of name. In which case, what was the previous name of Link?

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Although my interest was aroused by reading the articles in Private Eye and checking out the map, what really kick-started this investigation was someone in Swansea contacting me through Facebook to say that a number of the properties listed for Link in fact belonged to a housing association, which I thought was odd.

The properties my source was referring to are in Penmaen Terrace in Mount Pleasant, three- or four-storey houses, once homes to the local bourgeoisie now broken up into self-contained flats of the kind popular with students. (The picture below shows the kind of properties I’m talking about, though not necessarily the one I shall now focus on.)

My informant referred me to No 5, which she assured me was rented out by the Coastal Housing Group. Nearby properties were also said to be rented out by Coastal. The obvious thing to do was check with the Land Registry, where the mystery was cleared up . . . sort of.

Yes, 5 Penmaen Terrace is owned by Link Holdings (Gibraltar) Ltd, but there is a leasehold agreement with Coastal. The details can be found here in the freehold title document, and here in the leasehold title document.

Though remember that Coastal is a relatively new organisation, registered on April 1, 2008 and formed through the merger of Cymdeithas Tai Dewi Sant (1991) and the Swansea Housing Association (1978). Which means that although Coastal is named as the registered owner and proprietor (of the lease) on 04.02.1983 this must have been the Swansea Housing Association.

The two ‘Restrictions’ dated 23.04.2008 would appear to be some kind of recognition that the merger and reorganisation had taken place.

Scrolling to the end of the leasehold document, under the ‘Charges’ (loan, mortgages, etc.) heading brings us to this entry: “(04.02.1983) Proprietor: The Housing Corporation of 149 Tottenham Court, Road, London W1T 7BN.” This quango was the body that oversaw and funded housing associations between 1964 and 2008. I assume it ceased to have any authority in Wales after devolution.

An assumption that seems to be confirmed by a later entry reading: “(12.10.2000) A Deed dated 4 October 2000 made between (1) National Westminster Bank Plc (2) The National Assembly For Wales and (3) Swansea Housing Association Limited relates to priorities as between the Charges dated 12 January 1983 and 4 October 2000 referred to above as therein mentioned.”

In order to find out exactly what this meant, I contacted the ‘Welsh’ Government with a FoI. I submitted the request on Sunday, October 2, which meant that no one would have read it until Monday, then I had a phone call on the Tuesday from a Regulation Manager at the Housing Directorate! Here’s a section from the written reply that arrived a couple of days later.

The answer to my question, ‘How much did the ‘Welsh’ Government chip in?’ would appear to be that the ‘Welsh’ Government put in no money but instead acts as some kind of guarantor for housing associations taking out or revising loans.

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Having satisfied myself as to who owns and who leases 5 Penmaen Terrace I decided to look at another property in Swansea owned by Link Holdings (Gibraltar) Ltd, one mentioned in the freehold of 5 Penmaen Terrace, where it says, almost at the end, “(24.07.2006) Registered Charge dated 29 June 2006 affecting also other titles. NOTE: Charge reference WA99891”.

WA99891 takes us to a part of town with which I am more familiar, for this title number refers to the freehold of 379 Neath Road in Plasmarl, the neighbourhood where my father was born and raised. Once a busy road, in fact, the main road from town to Morriston, it has become something of a backwater due to the new road that now runs past the Liberty Stadium and on up to the M4.

The property on Neath Road is a just a terraced house but, again, it’s owned by Link Holdings (Gibraltar) Ltd, though unlike the one in Penmaen Terrace it belongs to those properties bought, or registered, after 24.07.2006. To be exact, 06.10.2006. Another difference is that the lessee in this instance is the Family Housing Association Wales Ltd. And the money to fund the lease came from Orchardbrook Ltd.

I couldn’t get a great deal of information on Orchardbrook, for one thing, it doesn’t seem to have a website, but I did turn up minutes from a 2009 meeting of the York Housing Association, which say, “The Chair explained that Orchardbrook (a subsidiary of the Royal Bank of Scotland) took over all Housing Associations loans and the interest rate specified was high.” Suggesting that when the Housing Corporation was wound up in 2008 its assets, in the form of loans made to housing associations, were sold off.

So the Charge entered against the leasehold title of the Neath Road property in 2014 probably means that Orchardbrook ‘revised’ the terms of the loan it had inherited from the Housing Corporation.

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We don’t want to get bogged down in the minutiae of Land Registry documents so to explain a little more I’ll use the Zoopla website. Link Holdings (Gibraltar) Ltd owns hundreds of properties in Swansea and many more across the south (but none west of Llanelli).

For example, Link owns many properties on relatively new developments in the Llansamlet area, in Brynteg, Ryw Blodyn, Lon Brynawel and Clos Eileen Chilcott and other streets. Using the data I’d compiled and cross-referencing with Zoopla and other property websites we find that most of these properties are leasehold.

Obviously I can’t check all Link’s properties, there are just too many, but I suspect the same picture will be found elsewhere: older properties – especially large ones and Houses of Multiple Occupation like those in Penmaen Terrace – are leased or rented to housing associations, with newer properties – bought as buy-to-lets – are privately leased or rented. Though I’m not ruling out that newer properties might also be leased or rented to RSLs.

Which leaves the big question – what exactly is Link Holdings (Gibraltar) Ltd, and who’s behind it? Against my better judgement – knowing I wasn’t going to learn much – I shelled out £15 for a company profile from Companies House in Gibraltar.

While the big question – ‘Who owns Link?’ – goes unanswered, the profile does advance our knowledge in other areas. It tells us, for example, that Link was incorporated in Gibraltar on September 11, 2003.

Digging around in the FCA website turned this up, which tells us that on 24.02.2006 Cymru Investments Ltd of Jersey changed its name to or merged with Link Holdings (Gibraltar) Ltd. This might explain the rush of registrations with the Land Registry a few months later, for this could be the Cymru Investments portfolio being registered under the new name.

Though given that Link was Incorporated in Gibraltar in September 2003 what was it doing in the intervening period?

You’ll also see that the name Cymru Investments Ltd had only been used for a year or so, so was there a previous name? Yes there was, as this document from the Jersey Financial Services Commission tells us. From 10.09.1991 to 15.02.2003 Cymru Investments was known as Rastlebeg Investments (Jersey) Ltd, and before that, from 14.03.1974, the company went by the name of Gwalia Investments Ltd.

Something you may have picked up on is that there’s a gap of 23 months between Jersey saying the name Rastlebeg ceased to be used (15.02.2003) and the FCA telling us that the name Cymru investments was adopted (08.01.2005). Is this a typo, or was another name used in this period?

In the hope of getting to the bottom of things I decided to buy the original registration document for Gwalia Investments Ltd from 14.03.1974 from the Jersey Financial Services Commission. Here it is. You’ll see that despite what we’re being told, the company was originally registered as Castlebeg Investments (Jersey) Ltd not Gwalia Investments Ltd. Yes, that’s Castlebeg not Rastlebeg – another typo? Well, no.

Because further Googling turned up this entry (below) from Hansard. Castlebeg and Rastlebeg are one and the same, so why the different spellings, was the name changed in an attempt to confuse, or is it a repeated typo?

Here’s a link to another Commons exchange from 1986 concerning Castlebeg Investments (Jersey) Ltd. The company was clearly behaving in improper and even underhand ways. There seems to have been some reluctance on the part of the then Conservative government to introduce leasehold reform. The kind of reforms recommended in the Nugee Report.

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Having started the previous section by saying I didn’t want to get bogged down in the minutiae of Land Registry documents I’m now in danger of getting us bogged down in information from other sources, so I’ll just refer to a few more scraps of information before trying to pull the various threads together.

This first document, from the FCA, is the one that confirms Link Holdings (Gibraltar) Ltd as the successor to Cymru Investments Ltd of Jersey (see panel above), but there are tabs on it we have yet to explore. If we click on the ‘Principals’ tab we bring up the name of Brian D Thomas Insurance Services Ltd of Swansea. Here’s the Companies House entry.

This company goes back to May 1977 and was chugging along quite comfortably, with total assets less current liabilities of £399,517 at year end 31.03.2005. But then, this thoroughly Swansea company, soon after it gets involved with Link Holdings, is taken over by the Jelf Group of Bristol, undergoes a few name changes, is moved to Bristol, goes dormant, and is finally put out of its misery by being dissolved 07.09.2010.

Interestingly, one of the many names Brian D Thomas briefly traded as in this period was Gwalia Insurance Services. It’s strange how the name Gwalia keeps cropping up, and those of you familiar with the social housing scene will know that there’s a Gwalia Housing Group in Swansea, which recently merged with the Seren Group to create Pobl. Is there a connection?

You will have noticed that the Principal Place of Business given on the FCA document for Link Holdings (Gibraltar) Ltd is, ‘Cymru Investments Ltd., Po Box 232, Jersey, Channel Islands JE4 8SF‘.

At that same address we find Cymru Management Ltd, Company Number 91117, Registered 06.09.2005. The date of Registration fits perfectly with all the moving and shaking going on, and Link Holdings in the wings waiting to take over. The Annual Return for 2016 informs us that Cymru Management has just two £1 shares issued to Mrs Deanne Mary Pascoe.

Mrs Pascoe is a woman pushing 80 and a director of GUKL Ltd, which I guess is run by another director, Paul Henry Barron Pascoe, a solicitor, who I take to be her son. The registered office is in London, and yet, if you scroll down on the ‘People’ page you come to a couple of names and addresses from the city of my dreams.

One is Zoe Teresa Brooks of Killay, and the other is James Christopher Coughlan of Llansamlet. Both served as directors for just six weeks, from 15.05.1995 until 30.06.1995. And when appointed Ms Brooks was only 18 years of age! Mr Coughlan is a builder, and had his own firm for a short time. It appears Ms Brooks did not trouble Companies House ever again.

Digging into the history of GUKL tells us that it began life in March 1990 as Cruisebase Plc, but the name was soon changed, in July 1990, to Golfads (UK) Plc, and again in October 2015 to GUKL. Would it be reasonable to assume that the current name means Golfads UK Ltd? And if so, what the hell does such a company have to do with Link Holdings (Gibraltar) Ltd?

It might be worth adding that even though a number of sources suggest Cymru Investments morphed into Link Holdings it still exists in some ethereal form, using the same number, 8431, as this Annual Return for 2016 to the Jersey authorities tells us. Five thousand £1 shares held by Link Holdings (Gibraltar) Ltd.

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I feel a bit like old Gildas writing De Excidio, where he talks of having made a ‘heap’ of all he’d found, because I’ve collected a lot of information but I’m still not sure what it tells us. Anyway, let’s try to make sense of it. (And I need your help.)

We know from Hansard, quoting Ron Davies and Nicholas Edwards, that there was a leasehold company operating in the mid-1980s named Castlebeg Investments (Jersey) Ltd. This company was also and variously known as Cymru Investments (Jersey) Ltd and Gwalia Investments (Jersey) Ltd. Though the jury is out as to whether it also called itself Rastlebeg or whether this was a clerical error. As the names suggest, all these companies were based on Jersey in the Channel Islands.

This company leased both to private individuals and bodies such as housing associations. It may or may not have also rented properties. Then, after being Incorporated in Gibraltar 11.09.2003 (but, according to the FCA, still using the Jersey address of Cymru Investments Ltd) Link Holdings (Gibraltar) Ltd took over or became the latest incarnation of Gwalia/Cymru/Castlebeg. Probably confirmed with the splurge of Land Registry registrations of 24.07.2006.

It doesn’t matter how many sidetracks we follow, or from which angle we choose to approach this subject, there always seems to be a path back to Swansea. Whatever we are dealing with has its origins in or close to that city. But what is it? If Link Holdings is now a massive buy-to-let portfolio, then there is one outstanding candidate for the man behind it. I won’t name him, but everything fits.

It could even be that the Link portfolio today is an amalgam of an older leasehold business, Castlebeg, and more recent purchases by another party of newer properties, such as those in Llansamlet and other parts of Swansea which look as if they could have been bought off plan. So please look at the Private Eye map and the data I’ve compiled, what kind of properties does Link own in your area?

And yet . . . I have this nagging worry that some of the properties now owned by Link Holdings (Gibraltar) Ltd may once have belonged to social housing providers. I hope not. Equally, I hope that Link is not a social housing portfolio that has been moved offshore.

What we can be sure of is that Link Holdings (Gibraltar) Ltd is registered where it is a) to pay as little tax as possible, b) to escape the UK regulatory system, and c) to hide the identity or identities of whoever owns the company. That in itself arouses suspicion.

More worrying is that Link and other offshore companies own so much property in Wales. But worse, is that housing associations, bodies receiving hundreds of millions of pounds in public funding, are doing business with Link.

My enquiries covered just one local authority area, and I looked into only one (admittedly large) offshore property company. But I doubt if the picture will be very different in other areas and with other companies. So go through the information I’ve linked to, have a look around your area, and send me your feedback.

We are entitled to know how much Welsh public funding ends up with companies registered offshore. The ‘Welsh’ Government also needs to explain why these deals were entered into. Finally, we must have a promise that there will be no more of these deals, and that Welsh public funding will no longer enrich those who view Wales as a country to be exploited.

END

UPDATE 16.10.2016: The online Guardian today carried a piece about Arron Banks, big buddy of Nigel Farage and funder of both Ukip and the Leave.EU campaign. Unsurprisingly, Banks has accounts in many a tax haven, including Gibraltar, where Link Holdings also hides its loot.

But the connection doesn’t end there, for Banks also uses Parliament Lane Nominees Ltd as directors and STM Fidecs Management Ltd as secretaries, just like Link Holdings. (Read Link Holdings’ company profile.) Probably just coincidence, I suppose, but what if . . .

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Jac o' the North

Tag: Link Holdings (Gibraltar) Ltd

Link Holdings (Gibraltar) Ltd Revisited