PLEASE APPRECIATE THAT I GET SENT MORE INFORMATION AND LEADS THAN I CAN USE. I TRY TO RESPOND TO EVERYONE WHO CONTACTS ME BUT I CANNOT POSSIBLY USE EVERY BIT OF INFORMATION I’M SENT. DIOLCH YN FAWR
I never thought I’d be saying this, but following the previous post on the sale of the Shire Hall, we are staying in Llangefni!
The old town took a bit of a hit last month with the closure of the Marco Cable Management plant. Losing 40 jobs may not seem like a big deal to many of you, but in a small town like Llangefni it matters a lot. And just a few years earlier there had been more than 70 working there.
As recently as September 2015 the company was talking of expanding. And here’s general manager Brian Pigott talking to BBC Wales earlier that year in a similarly optimistic mood.
So what went wrong?
An old friend back in Swansea was moved to write to the self-styled ‘Welsh Government’ asking if Marco Cable Management had received any public funding. Or rather, how much funding, because it could almost be guaranteed that funding was provided as an inducement for the company to set up on Ynys Môn in 2003.
The reply he got from the Department for Economy and Transport (Prop. K. Skates) can be read here. You’ll see that the company received at least £1,191,771.68. In addition, there was funding from the county council and HSBC.
Though it was the parent company Marco Gearing Ltd that received the funding. Which I thought was a bit odd, so I went to the Companies House website to check on them both. I learnt that Marco Gearing Ltd was formed in April 2002, while Marco Cable Management Ltd was born July 2003.
Something else I thought was odd – though it probably explains the funding going to the parent company – was that throughout its existence Marco Cable Management Ltd, the name under which the factory operated, was a dormant company.
MARCO GEARING LTD
Let’s start at the beginning, with parent company Marco Gearing Ltd. What does the name mean? Who or what is Marco? And does ‘Gearing’ refer to a gear system on a car or machine or is it used here in the financial sense?
From the start on 9 April 2002, Lillian Turner MacGregor of Betws yn Rhos, Abergele was a director of the company, with chartered accountant Philip Matthew Deakin as secretary, but he left 24 May. (Deakin has been involved in many companies since Marco Gearing.)
Deakin was replaced by Andrew Ian MacGregor as secretary, and in November the family group was completed by Ian Charles MacGregor coming aboard as the second director. For I suspect that Ian Charles is Lillian Turner MacGregor’s husband and Andrew Ian is their son.
July 2003, coinciding with the launch of Marco Cable Management Ltd, saw both a major share issue and Terry Deakin of Colwyn Bay joining the board. After Deakin’s arrival the share distribution was 230,000 with Ian Charles MacGregor, 120,010 with Lillian Turner MacGregor and 50,000 each with Deakin and his wife Janet.
Deakin’s other active directorship was with the National Zoological Society of Wales, better known as the Welsh Mountain Zoo in Colwyn Bay. Though he had been in business for himself with a number of companies. It could be that the Deakin we met earlier, who served briefly as secretary, is his son.
There were two further appointments to the board of Marco Gearing on 22 April 2010. These were Bernard James Pigott (the ‘Brian’ of the video?), and Paul Stewart Diggins of Buckinghamshire, who may have been the sales director.
MARCO CABLE MANAGEMENT LTD
Turning to Marco Cable Management Ltd, the sole director, from Incorporation 17 July 2003 was Lillian Turner MacGregor, with Andrew Ian MacGregor as secretary.
There were just 9 shares and these were held by Mrs MacGregor, with what appears to be a further issue of a single share a year later in 2004.
And that was it, the company filed accounts for a dormant company every year, there were returns filed showing the shareholder, and then, on 18 May 2017, we saw the MacGregors step down and two new directors arrive. These were Carl Edward Jones and Paul Graham Merrick.
So who are Messrs Jones and Merrick, who also joined Marco Cable Management Ltd on the same day?
THE YANKS ARE COMING!
On 7 July 2017 all the shares in Marco Gearing Ltd were transferred to Unistrut Ltd of West Bromwich. (Though it took until 11 April 2018 before the information was notified to Companies House.) Unistrut Ltd is a subsidiary of Atkore International, of Chicago.
Which means that some time between May and July 2017 the Llangefni factory of Marco Cable Management Ltd was taken over by an American company – but no one seemed to notice! Or rather, there are a number of references to the takeover in the specialist press – here, here and here – but I can find nothing reported in the ‘Welsh media’.
Didn’t our Welsh journalists know? Did the workforce in Llangefni know? Did the council and the ‘Welsh Government’ – both owed money by the Marco group – know that the decision on whether a Welsh factory closed now lay with faceless men in Chicago?
The MacGregor family sold out to an acquisitive and ruthless US corporation that they must have known would soon close down a competitor in a peripheral location. Did they feel no obligation to the workers who had given so much?
It seems that Carl Jones, who joined Atkore in 2011 has spent the years since then acquiring UK companies such as Marco Cable Management Ltd for his American bosses. The most recent would seem to be Modern Associates Ltd. Again, working with Paul Merrick.
And we have no defence whatsoever against predators like these. I’m surprised they didn’t ask the ‘Welsh Government’ for a grant to close down the factory. I’m sure they would have been given one.
THE ‘WELSH ECONOMY’.
So another factory closes, more Welsh workers lose their jobs, Cyngor Ynys Môn has lost money, so has the ‘Welsh Government, and there remain two outstanding debentures held by HSBC Bank against Marco Gearing Ltd (which might account for the ‘liabilities’ in the graphic above).
Just another paragraph in the ever-growing volume ‘How Not to Run an Economy’, by the ‘Welsh Government’.
I’m writing this on the day that Citizen Woodhouse made the news again. The man who bought Welsh hotels then sold the rooms off individually with the promise of huge returns. A child of four could have seen that he was a con artist, but the ‘Welsh Government’ promised him £500,000 for his Caer Rhun hotel near Llanrwst, and then, because they lack the critical reasoning of a four-year-old, those clowns down Corruption Bay gave him a few hundred acres of public land for his Afan Valley Adventure Resort.
In the previous post we looked at the sale of Llangefni’s Shire Hall to The Man From God Knows Where* who, according to North Wales Live, is a wheeling-dealing miracle-worker set to bestow the riches of the Orient on poor old Llangefni.
Just over the water we have the crooks of Bryn Llys; and just a few miles from them is Plas Glynllifon and the Williams gang, now being replaced by Myles Cunliffe and his cohorts. Further east we see Clwyd and the A55 corridor being turned into Commuterland.
Elsewhere we have zip wires, or hippies, or retirees, or social dumping, or . . .
There’s room, and funding, jobs and housing, for everybody . . . except us Welsh.
I’m told that the Brummie manager of Transport for Wales’ Machynlleth depot has just hired an apprentice – from Blackburn! Despite any number of local lads wanting the job.
Wales is being overrun and colonised but never mind, let’s suck up to Guardian readers by doing a deal with the party that will back a minority Tory government and revoke the Government of Wales Act.
Down south the news is no better. TVR will not be coming to Ebbw Vale, and Aston Martin is about to go belly-up. Cardiff airport is in the wrong place – but never mind, let’s pour in more public money.
Decisions made by arseholes. And hypocrites. The kind of people who condemn others for withholding the truth or subverting democracy while protecting themselves and their lobbyist and third sector friends by refusing us the truth on the circumstances surrounding Carl Sargeant’s death.
Wales doesn’t need any more elections or referendums, what we need is a revolution of the soul, to reject this whole stinking colonialist system, and those down Cardiff Bay who profit from maintaining it.
♦ end ♦
*The Man From God-Knows Where is a poem, one of Cayo’s favourites.