I’m waiting for the latest report on Etaireia

Other companies MC is involved with. One is a PLC

What are you trying to say?

Do you know the details for next Friday’s hearing?

Well, today, the 9th of January 2020, appears to mark, as Churchill would have said, “The beginning of the end” for this sorry band of shitty Carpetbaggers. With the falling into administration of the owners of Plas Glynllifon and the Seiont Manor Hotel perhaps our lovely part of the World will finally be rid of these shysters for once and all.
I’m sure there will be a future for the Seiont Manor, but I do really grieve for poor old Glynllifon.
But at least, whatever happens, we can continue to enjoy the Country Park.

There is a trade in ‘second hand’, cast offs, and brand snatchers. See my comment below. The key is to identify the good legit businesses you want for inward investment, and then send the cowboys home.

£26.2m to be precise.

I think you’ll find that a company that provides such bespoke kitchens at £30k plus per installation would be checked out by the customer prior to them enlisting a fitting. They will employ the best (self employed) tradesmen, carpenters, plumbers and electricians to provide the installation. These do not come cheap. The kind of trades we need in Wales with appropriate pay packets, with a “C” tax code.

Following your brand suggestion, Stan….

I took the liberty of looking at some of the ‘players’ in the industry. I notice, the ‘front end’ companies, as in my previous example, the trade creditors are well within the ratio to be covered by cash in the bank. The business model is a company further up the tree, who do the manufacture of stuff like CNC machined casements is where the assets like machinery is held. This is a middle tier enterprise. Longstanding and solvent. They also contract the imports of top-end cookers, aga, customised white goods.

Then discovered the holding company, that provides the service of stuff like corporation tax arrangement. All on-shore in the UK. No dodgy hidden wide boy with ex-con mates on the Costas. Such arrangements can only be done via an established going concern, using the 7 year application of balancing of tax liability. £286k liability declared being paid off at about £96kpa in corporation tax. A mark of a going concern.

Following my phone call to the legitimate company, who were very concerned about the antics of the likes of Mylo, (see Jac’s latest update), one of the senior directors, after having had a chat with his copywriter lawyers, called me back. Amongst other things we also had a chat about genuine investment in Wales. I suggested that both the manufacture stages as well as the holding company might consider re-locating in north west Wales, after the pond life are expunged. Apparently, the era of cheap rents in old Manchester cotton mills are ending and locating in the Caernarfon area would add some ‘country estate’ kudos to these legitimate business.

It’s not my remit to make such decisions, that is the job of people employed my the Welsh Government, but their too busy dishing out grants to ‘tourism’ enterprises like the loan sharkers (see Weep for Wales) and zip wires. I suggested the ‘eminent provider of luxury interiors’ locate their middle tier ‘manufacture’ operation in some industrial unit in Blaenau Ffestiniog, launch a ‘Made in Snowdonia’ tag, and a new showroom in Betws y Coed to keep the riff-raff from the door mat.

It was also re-assuring that they always treat their staff with respect and dignity, especially the tradesmen. It’s the only way for their business to be successful. If I may, I would also like to make the point that there are genuine ‘northern’ businessmen in England, who would be most welcome in Wales. Mylo and his chums are not representitive of that part of the world in their business dealings.

The chat was not difficult.
Is there anyone down the Bae that does this?