Polvellan Manor Ltd

Aug 062018
 

You knew it was coming, didn’t you! And believe me, I’m not just going through the motions here, there really have been developments. Important developments that we shall discuss in just a minute.

Now I’ll say what I always say at this point – For anyone joining the saga I strongly suggest that you get up to speed with: Weep for WalesWeep for Wales 2Weep for Wales 3Weep for Wales 4Weep for Wales 5Weep for Wales 6, Weep for Wales 7.

GARDEN PARTY

Let’s start on a happy note before moving on to discuss the murky world of Paul and Rowena Williams and their interesting ways of doing business.

For on Sunday July 29 there was a garden party at the Radnorshire Arms Hotel in Presteigne. Everybody was invited and a wonderful time was had by all. Here are some photographs from the event.

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The jolly get-together was called the Pants on Fire Party, an obvious reference to the countless lies told by Paul and Rowena Williams, plus those in their inner circle. In the poster a shifty-looking Keith Partridge says, ‘Psst!! wanna buy a hotel chain? No, how about a hot Bentley?’

To be honest, I wouldn’t buy a lavatory chain from that man.

As I say, a good time was had by all, though Paul and Rowena Williams didn’t turn up . . . which probably explains why everybody had a good time!

DIGGING DEEP

Having some time to myself last week I delved into the history of the oldest of Paul and Rowena Williams’ companies; the one that started life as Mortimers Cross Inn Ltd, then became Rural Retreats & Leisure Ltd, before the name was changed again to Polvellan Manor Ltd in March 2016.

The first question that cropped up was, ‘When the company was formed in July 2002 we have a husband and wife running a country pub, so do they really need a private limited company? But even if they do, does that company need 10,000 £1 shares – why not just two shares?

Going through the accounts submitted for Mortimers Cross Inn Ltd we find a heart-rending tale of losses, year on year, suggesting that the Mortimers Cross Inn was spectacularly unsuccessful . . . or else someone was being ‘imaginative’ with the accounts ‘unaudited financial statement’. Heavily indebted every year the sole asset would appear to be the inn itself, valued in the accounts for y/e 31.07.2003 at £479,938 after depreciation.

Turning to the ‘Abbreviated accounts’ for y/e 31.07.2005 we see that the asset is now gone, which accords with perceived wisdom that says the inn was sold around this time to pubco Punch Taverns.

Though the figures for 2005 suggest other fixed assets somewhere, as ‘additions’, amounting to £118,611, giving a book value of £634,407, which reduced to just £8,250 after the sale.

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The Abbreviated Accounts for y/e 31.07.2006 give the company tangible assets of just £6,187 and it’s heavily in debt. So where’s the money gone from the sale of the assets in y/e 31.07.2005?

I think that question is answered by the fact that Paul and Rowena Williams were now acquiring the properties we are more familiar with, such as the Radnorshire Arms Hotel and the Knighton Hotel. Even so, they had just over half a million pounds to start with and there are no charges (mortgages or loans) listed against their only company. So where did the rest of the money come from?

Debra Yvonne Oswald, Paul Williams’ sister, became a director of Retreats & Leisure Ltd on 14.03.2007, so did she inject some money? For just a short time after this, in November 2007, Oswald, with her husband and her and Paul Williams’ parents, formed a company in Goa. Where the family still have a hotel, and where Williams père lives.

Whatever the answer, acquisitions there certainly were, for the company address was changed to the Radnorshire Arms Hotel on July 24, 2009, and the ‘Financial Statements’ for 2010 were lodged from the Knighton Hotel. Yet we don’t see these properties appearing in documentation until the ‘Abbreviated (Unaudited) Accounts’ for y/e 31.07.2010 when tangible assets are £863,016, up from £203,00 the following year.

Though the company remains a loser. On a turnover of £322,788 up to July 31, 2010 Rural Retreats & Leisure Ltd lost £152,421. One factor being a large loan from Scottish & Newcastle Breweries Ltd, with £155,667 falling due in 2010, though this was down from £209,625 the previous year.

This loan, plus the money received from the sale of the Mortimers Cross Inn, would still not be enough to pay for the ten properties bought in this period, even if most were bought from receivers or at auction, so I ask again, where did the rest of the money come from?

The last ‘Abbreviated (Unaudited) Accounts’ for Retreats & Leisure Ltd before the new companies were set up was for y/e 31.07.2014. They tell us that the ‘total tangible assets’ – the combined worth of the Williams property empire – amounted to just £1,802,623.

Yet in August 2015 the Radnorshire Arms Hotel was bought by the new Williams company Leisure & Development Ltd for £3,487,049. The same company bought the Bird in Hand for £1,279,204. Salutation Inn for £1,049,076. Castle Inn for £1,269,720. The Knighton Hotel for £2,881,599. The Courtyard for £1,920,780. 

Those figures come to a total of £11,887,428. And there are other properties they bought from themselves for which I don’t have the prices. Of course, the problem with buying from yourself is that it’s not real money, you aren’t making anything. That comes from the mortgages and loans you can raise against properties given absurd valuations.

(Though given who’re dealing with we should remember that paying over the odds is a good way of getting rid of money you might have difficulty accounting for.)

Something else I did to while away the time was draw up a list of the companies Paul and Rowena Williams have been involved with. Here’s the table I compiled, and it’s here in pdf format with the company number linking with its Companies House website page.

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THE BEGINNING OF THE END?

Last week was a busy week. It started on Monday when I popped over to Presteigne and Knighton for a mooch around. (I enjoy a good mooch.) The Knighton Hotel and the Radnorshire Arms look what they are – abandoned, neglected and deteriorating.

Next, I received a flurry of e-mails from Companies House telling me of activity with Williams companies. All dated 10 July but recorded at Companies House July 30.

First, was notification that a new charge had been attached to Rural Retreats & Development Ltd. This charge seems to be Together Commercial Finance Ltd securing its claim on 15 properties (see page 15).

The second charge concerned Leisure & Development Ltd. This appears to be Together Commercial Finance Ltd laying claim to a further seven properties. (See page 14)

Third and fourth were two charges against Plas Glynllifon Ltd. Both are against “all the property or undertaking of the company”.

All of which suggests that Together Commercial Finance Ltd may have come to the end of its tether with Paul and Rowena Williams; concluded it’s not going to see its money repaid, and so is tying down property in lieu of the money it’s owed.

The National Westminster Bank seems to have come to the same conclusion, for it pulled the plug on Leisure & Development Ltd last Thursday, obviously concerned about the money it had loaned in 2015. Locks were changed and CCTV cameras installed on a number of properties, including the Radnorshire Arms where locals had so recently enjoyed the the garden party.

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And yet, there are still questions.

Just a few months ago, when Paul and Rowena Williams were spinning the line about Keith Partridge taking over their hotels and other businesses, they told staff it was being done through his buy-out – for £10m – of Rural Retreats & Leisure UK Ltd. Read the letters here.

We now know that the ‘buy-out’ was a fairy tale, and we also know that RRL UK Ltd owns nothing. Which I suppose explains why NatWest is unlikely to pursue the charge it has against this company.

So it appears that both lenders have all options covered and we’re approaching endgame. But I’m convinced that a crook and a liar as ruthless and cunning as Paul Williams still has something up his sleeve.

For as locals in Presteigne and Knighton know, just a day before the case was heard in that Birmingham court Paul Williams visited his properties with some men in a white van, and loaded up all sorts of stuff, even fire extinguishers! They appeared to be genuine – the guys in the van, I mean! – and even gave out a business card, which said they were working for Worcester Pubkit.

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Even more bizarrely, at around 3am, just hours before Aztec Asset Assured turned up to change the locks, the alarm at the Radnorshire Arms went off, sounding very briefly before someone pressed the right buttons. Who could that have been, boys and girls, creeping around in the middle of the night?

The Williams Gang is now reduced to its holdings in Gwynedd and Cornwall, which I find rather disturbing for a couple of reasons. One, being pushed back into the western extremities of Britain carries uncomfortable historical resonance, and two, I live in Gwynedd, and so I’m wondering if these crooks are getting any of my money.

Gwynedd is represented by the Seiont Manor Hotel Ltd, while Cernyw comes in the form of Polvellan Manor Ltd. The sole director of the former is Rikki John Reynolds, while his counterpart in Cornwall is Keith Harvey Partridge.

The only reason these companies are still standing is that there are no charges against them. Or should I say, no charges directly against them. But Seiont Manor is owned by Rural Retreats & Development Ltd and as we’ve seen, Together seems to have that base covered.

Which leaves just Polvellan Manor Ltd, which as you read earlier started life as Mortimers Cross Inn Ltd in 2002. According to the company’s latest ‘Unaudited Financial Statement’ – produced by our old friend John Duggan – the turnover for y/e 31.07.2017 was zero.

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That’s zero, as in zilch, nothing, sod all.

But we must introduce the caveat that Mr Duggan does have trouble with figures, to such an extent that he was sent away for a few years to brush up on his accountancy skills. So for all we know, the Polvellan Manor could be raking it . . . high rollers jetting in to the private airfield, top-class cabaret, 50 quid for a shot of Old MacDonald’s single malt . . .

What a twosome – Partridge and Duggan. What could possibly go wrong?

Yes, last week was a good news week, and I’m looking forward to more good news in the not-too-distant future. The fat lady’s not ready to sing just yet, but I feel she’s in her dressing room applying make-up. For the curtain has gone up on the opening scene of the final act.

For you insomniacs out there, here’s some reading matter in the form of the latest version of the information sheet on the gang. Anyone able to suggest amendments or additions is welcome to contact me.

UPDATE 07.08.2018: After making further enquiries I now know that the process which resulted in Leisure & Development Ltd being placed In Administration was initiated by the directors. Which is where it gets interesting, for the two directors are Sukhbinder Singh Heer and Keith Harvey Partdridge (sic). Paul Steven Williams was a director until 21 July 2018.

Also on 21 July, one day after the meeting at the Radnorshire Arms Hotel between Paul and Rowena Williams and Powys County Council and the ‘Welsh’ Government, all 10,000 shares in the company were transferred from Plas Glynllifon Ltd to Keith Harvey Partridge. Though you have to ask why the shares were held by Plas Glynllifon Ltd when Part(d)ridge is supposed to have taken over the company on 1 February.

Whoever the directors are, the charges against this company remain. And I’m assured that once the move was made to, essentially, wind up the company, the creditors – National Westminster Bank Ltd and Together Commercial Finance Ltd – were informed.

As I say, the fat lady is still in her dressing room.

♦ end ♦

P.S. For all of you who’ve sent me information and anecdotes about the gang, particularly Paul Williams, please understand that I can’t use everything. Though I am considering a piece devoted solely to these horror stories.

 

Jun 132018
 

OUR STORY BEGINS IN PRESTEIGNE . . .

I am indebted to an anonymous source for the basis of the tale you’re about to read. I’ve contributed some supplementary digging and a number of interpretations. The original information I received was also sent to a couple of police forces, a number of media outlets, and other agencies, but I doubt if any will act on the information, so it’s up to Jac to extend his scrawny old neck, again.

Let the story begin in the pleasant little border town of Presteigne. To be even more specific, in the Radnorshire Arms Hotel, a half-timbered building dating back to the late 16th century.

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As told to me . . . this establishment was bought in 2006, or thereabouts, by a Paul Steven Williams for a price close to £400,000. It was then leased to a succession of tenants at an unreasonably high rent, with the predictable result that none of the tenants was able to make a go of it.

The last of these unfortunates seems to have been Gianni Roberto d’Aniello of Cora Berry Hotels Ltd. A company registered in January 2014 at the Radnorshire Arms, and put into the hands of Cardiff liquidators in November of that same year.

RESCUE!

But then! when all seemed lost, this by now neglected building was sold in August 2015 for the princely (and surprising) sum of £3,487,049 to Leisure and Development Ltd, a company with an address in nearby Knighton. A company Incorporated only a few months earlier on 19 January 2015.

And it wasn’t just the Radnorshire Arms that was bought by the new company, for in June and July 2015 Leisure and Development Ltd went on a spending spree and acquired seven properties, with another two added in February 2016, one of them the Beaufort Sports and Social Club in Ebbw Vale. (To see them all click on the ‘Charges’ tab of the Companies House entry I’ve just linked to.)

The founding directors of Leisure and Development Ltd were Paul Steven Williams and his wife Rowena Claire Williams. The charge referring to a loan from NatWest Bank suggests that the Radnorshire Arms had been transferred to Mrs Williams prior to the sale to Leisure and Development Ltd (see panel below).

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UPDATE 21:52: It may be worth spelling out that the Radnorshire Arms Hotel was sold by Rowena Claire Williams to Leisure and Development Ltd (Directors: Paul Steven Williams and Rowena Claire Williams) for at least twice what the property was worth. This is very odd; I mean, how can you ‘sell’ something to yourself?

Something else that struck me about Leisure and Development Ltd was the number of changes of address it saw in such a short time. Incorporated January 2015 with an address at the Knighton Hotel, Broad Street, Knighton; then in February 2016 to just over the border in Craven Arms; in February 2017 the company re-crossed the border from Craven Arms to Plas Glynllifon, Caernarfon; and finally, in April 2018, it moved back to Craven Arms.

There’ll be more on Plas Glynllifon and other properties in north Gwynedd later. They can’t be ignored because Plas Glynllifon Ltd now owns all the shares in Leisure and Development Ltd, and I’m sure you don’t need me to tell you who the directors are of Plas Glynllifon Ltd. Though they have ceased to be directors of Leisure and Development Ltd.

But the Williamses still own Leisure and Development Ltd through their ownership of Plas Glynllifon Ltd. It’s one way of operating – set up a company, then set up another company, resign from the first company but retain ownership through the second, then set up a third company, resign from the second, and so ad infinitum.

The person now nominally in charge of the Leisure and Development Ltd portfolio, named on the Companies House website as “person with significant control” from 30 April 2018, is Keith Harvey Partdridge. An interesting character, Partdridge, of whom more in a short while.

Though I suspect that spelling may be a recent affectation, if not a mis-spelling, because he has previously been known by the more usual spelling of Partridge. As in Museums (Norfolk) Ltd and Health Choice Hotels Ltd, both of which appear to be dormant.

Another example of Partridge’s business acumen, or perhaps his probity, may be found with Turnholly Ltd, owing some two hundred thousand pounds to various creditors.

SO WHO’S WHO AND HOW ARE THEY CONNECTED?

Well, we’ve met Paul Steven Williams and his wife Rowena Claire Williams, and I’ve also introduced their business partner Keith Harvey Partridge. And as I suggested, Partridge has a colourful past.

From 1992 to 1997 he owned the Midlands Motor Museum in Bridgnorth, Shropshire. But towards the end of 1999 he was jailed for stealing a Bentley Azure worth over a quarter of a million pounds. In March 2008 his home was up for sale with an asking price of £2,000,000.

But the Williamses are no paragons of good business practice either. Despite being repeatedly warned they carried on advertising the Radnorshire Arms as having AA and Visit Wales ratings, until they were eventually fined £1,250 with £4,250 costs.

(Incidentally, let me make it clear that despite the name the Williamses are not Welsh. They describe themselves as ‘English’ (not British) on documents submitted to Companies House, and I’m told that Paul Williams is a particularly unsavoury Kipper.)

Paul Steven Williams and Rowena Claire Williams. Credit: Wales News Service

In terms of companies, so far we’ve encountered Leisure and Development Ltd and Plas Glynllifon Ltd, plus some of Partridge’s solo ventures. Now it’s time to list a few others, without I hope causing too much confusion.

Paul and Rowena Williams were directors of Rural Retreats and Leisure UK Ltd, also listed among the directors was their company Leisure and Development Ltd (which bought the Radnorshire Arms Hotel). Rural Retreats and Leisure UK Ltd is now run by their associate Michael Adrian Jones, with his address given as Polvellan House in Cornwall.

On April 1 Jones – who owns all the shares since they were transferred to him from Leisure and Development Ltd – made an application for Rural Retreats and Leisure UK Ltd to be voluntarily struck off, but someone objected and the strike-off has been suspended.

I understand that Rowena Williams was outraged on finding that some scallywag had pinned the notification to the front door of the Radnorshire Arms.

A similarly named company is Rural Retreats and Development Ltd, of which Paul and Rowena Williams are both still directors. Former directors were Debra Yvonne Oswald, Paul Williams’ sister, and Polvellan Manor Ltd. There are a number of Charges against this company for loans and mortgages, including one against the Fronoleu Country Hotel at Tabor, just outside Dolgellau.

The mortgages, or more likely second mortgages, are with Together Commercial Finance Ltd, which seems to offer the commercial equivalent of pay day loans to those who find it difficult to raise money anywhere else.

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Turning to Partridge, since his release from prison he has formed a number of companies called Coast 2 Coast. There’s Coast 2 Coast Land Ltd, Coast 2 Coast Shores Ltd, Coast 2 Coast Developments Ltd, Coast 2 Coast Resorts Ltd, and Coast 2 Coast Care Ltd. The last of them is now dissolved but was formerly known as Coast 2 Coast Leisure, with Gwynedd directors following the change of name.

I find this last entry intriguing because it suggests an attempt by Partridge to break into the granny farming racket in Gwynedd.

WHERE WOULD WE BE WITHOUT TOURISM?

I’ve already mentioned Plas Glynllifon, but the Williamses and/or Partridge also own Seiont Manor, Plas Brereton and Plas Tŷ Coch.

Plas Glynllifon has a chequered recent history. You may recall a few years ago someone trying to market it as ‘Wynnborn’. That previous owner was Gavin Lee Woodhouse, a spiv from Yorkshire. I wrote about Woodhouse in English Tourism in the Colony of Wales and Colonial Investments. (Paul and Rowena Williams also got a mention.)

After pissing people off in Caernarfon and beyond with his insulting ‘Wynnborn’ nonsense Woodhouse seems to have sold out to the Williamses and turned his gaze south. After linking up with Bore Grylls and then – to give the project some credibility – Peter Moore, former MD of Center Parcs, he unveiled the Afan Valley Adventure Resort.

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Quite an ambitious undertaking for a man who was then six million quid in debt, but the ‘Welsh’ Government gave the trio everything they wanted – land, planning permission, infrastructure, money, you name it.

It’s impossible to know what the future holds for the four properties around Caernarfon, we can only be guided by the record of those who now own these fine old buildings. And that record is not encouraging.

A FEW WORRYING FACTS

Since April 16 the Radnorshire Arms in Presteigne has been closed. On Monday 16 April staff were told by Paul Williams that Leisure and Development Ltd – comprising seven pubs, hotels, restaurants – had been sold to Coast 2 Coast and was being ‘re-branded’.

In other words, convicted thief Keith Harvey Partridge had somehow managed to raise“more than £10 million pounds” Williams claimed the deal was worth. Partridge whose companies are either in debt or mere shells.

On Sunday April 22 Partridge appeared in person at the Radnorshire Arms to tell staff that all the company’s establishments would be closed for 6 – 8 weeks for refurbishment. Staff were being laid off but could reapply for their jobs later. Over 70 staff were affected at the various locations.

Nothing has since been done to the Radnorshire Arms, and no planning application has been submitted. The building has instead been gutted and left to decay. There are broken windows and slates have fallen into the street. This, remember, is a 16th century, Grade II listed building.

In saying that the Radnorshire Arms has been “gutted”, what I mean is that it has been stripped of everything that can be sold off. The panel below is taken from the latest accounts for Leisure & Development Ltd submitted to Companies House at the end of April. Or rather, the unaudited financial statement.

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You’ll see that between 1 February 2017 and 31 January 2018 almost seven million pounds worth of plant and machinery plus fixtures and fittings somehow slipped off the balance sheet. Leaving the companies assets confined to freehold property, in other words, mere structures, decaying structures, all of them mortgaged and re-mortgaged, and perhaps overvalued.

Earlier I mentioned Polvellan Manor in West Looe, Cornwall, now owned by Polvellan Manor Ltd. On April 1 Paul and Rowena Williams transferred the 5000 shares they each owned to Keith Partdridge. They ceased to be directors on the same day, leaving Partdridge in sole control.

Polvellan Manor is another fine building that has been gutted and left to rot by Paul Williams, Rowena Williams, Keith Partridge and the rest of the gang. Cornwall Live featured Polvellan Manor in March this year, when it was listed among, “23 derelict buildings in Cornwall at risk of disappearing forever”.  

Paul Holden, chair of the Cornish Buildings Group, told the CL reporter, “We have applied unsuccessfully to get the building listed, the rejection notice said that much of the historic interior had been lost.” I wonder where the interior could have gone? Did it just walk out the door?

The Fronoleu Country Hotel, just outside Dolgellau, is now closed, just like Polvellan Manor and the Radnorshire Arms. So is the Beaufort Sports and Social Club in Ebbw Vale. I guarantee that most if not all of the properties owned by this gang are closed. What sort of business can this be?

And here’s a thought . . . has anyone from Cyngor Gwynedd or the ‘Welsh’ Government been inside Plas Glynllifon lately?

Another thought; by stripping and neglecting these buildings the gang is almost certainly breaking the conditions of the loans and mortgages, the conditions that insist these buildings be properly maintained and looked after. Intact.

And what do the insurers think of this behaviour?

UPDATE 14.06.2018: Here are the letters received by the staff at the Radnorshire Arms Hotel and the other establishments owned by Rural Retreats and Leisure Ltd. The first from Rowena Williams of RRL and the second from Keith Partridge of Coast 2 Coast. (Here in pdf format.)

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According to these letters the deal was done 1 February, so why did it take eight weeks to inform the staff?

Note how optimistic Rowena Williams sounds, “At the moment we do not have any more information that (sic) what we have shared with you except that they (Coast 2 Coast) want to move quickly in order to be open for the summer period”.

But the Williamses have been dealing with Partridge for years, and they knew exactly what the plan was.

And as for the “summer period”, well, it’s mid June, Whitsun has come and gone, and in the northern hemisphere it is now definitely summer . . . but the Radnorshire Arms Hotel and the other establishments remain firmly closed, with no sign of them opening any time soon.

How could anyone ever trust these people?

COUNT THE SPOONS!

You’ll have noticed that Paul and Rowena Williams and their sidekick Partridge buy property almost indiscriminately, and then they just strip them to the bare bones and let the buildings deteriorate.

This is because they have no interest in actually running hotels. The racket is to buy a property, with a loan or a mortgage; announce a big investment, lots of jobs; then strip the building of anything valuable; sell it on within the gang at an inflated price (or simply transfer it); dissolve indebted companies; pull down whatever grants are available, use these grants and new loans to service old loans; while paying yourself handsomely behind this fog of deceit.

With all the debts accrued, this is a house of cards. Collapse must surely be imminent.

Consequently, to have any dealings with these people would be foolish. To give them money would be insane. And yet, this is what I’m told has happened, and probably explains why they’ve moved their operations to Wales. For it’s claimed the gang has already received hundreds of thousands of pounds from the ‘Welsh’ Government, with more in the pipeline.

I have submitted a Freedom of Information request to Visit Wales, but I have already been told that the Radnorshire Arms received a grant of £370,000, plus a smaller grant; while the Knighton Hotel (formerly Norton Hotel) received an even larger grant.

God knows how much they’re getting, or anticipate getting, from their foray into Gwynedd.

In case anyone is in doubt, let me make it absolutely clear: These people are liars, chisellers, scammers, asset-strippers, con men, crooks; so cut off all public funding immediately and demand repayment of what they have already received; insist on a thorough inspection of the buildings they ‘own’; and then refer them to the police. 

Weep for Wales that we keep attracting people like these, scavengers drawn to a fallen beast. A once noble beast brought down by a colonial system that will always favour strangers, and exploitation; a system that will never encourage native initiative lest it gives us ideas about our place in the great scheme of things.

This system, and those who promote and operate it, must be swept away. Do that and I won’t have to write about Paul and Rowena Williams, Keith Partridge, Bore Grylls, Gavin Woodhouse and the occupying army of which they are just a small detachment.

♦ end ♦