SPCS

SOCIETY FOR PROMOTION OF COMMUNITY STANDARDS INC.

John Edward Clancy and Graham Dennis Hewer: Company Directors and compliance issues

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John Edward Clancy, Graham Dennis Hewer and Derby Grey Ltd (In Liquidation):

John Clancy

John Edward Clancy – Company Director

Photo Source: https://nz.linkedin.com/pub/john-clancy/2b/851/941

To understrand company interconnections refer to: Clancy Trusts and Company Flow Diagram Links and MF24 TRUSTEES link to John Clancy companies

Global Developments (NZ) Ltd (now called Derby Grey Ltd) of which John Edward Clancy was the sole founding director and joint owner along with his family trust – FJ40 Trust – of which he is the sole trustee; was put into liquidation on 20 October 2014 with liabilities of about one million dollars according to the liquidator’s reports. Six days prior to his departure as director, “Graham Hewer” was appointed by Clancy as director – effective 14 October 2014. “Graham Hewer” remained the sole director following the departure of Clancy, up until the day the company was put into liquidation.

On the same day Hewer became a new director, 14 October 2014, the company’s accountant Richard Somerville of Walker Townsend Ltd, filed a document with the Companies Office recording that all Derby Grey shares, held jointly by FJ40 Trustees Ltd/John Clancy (i.e. The “FJ40 Trust” set up by Somerville for Clancy, of which Clancy was the sole trustee), had been transferred to Mr Hewer (held as an individual). Hewer remained sole company shareholder up until the day the company was put into liquidation.

What is the relationship between company directors “Graham Hewer” and “John Clancy”? [Read more…]

John Edward Clancy: Debts pile up as company director can’t be found

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John Edward Clancy: Today Stuff News (“Debts pile up as company director can’t be found”) reported on two Auckland-based, [Christchurch earthquake] “rebuild companies” that Mr Clancy currently directs: Hanguk Business Investments One Ltd (formerly called Global Renovations Canterbury Ltd), which according to its creditors owes thousands of dollars, and Global Renovations Ltd. The latter is referred to in the report as belonging to a group of about 30 companies Clancy directs, and is also involved in the “building house construction” industry.

John Clancy

John Clancy: Source https://nz.linkedin.com/pub/john-clancy/2b/851/941

Claims to be “Owner, Global Group Holding NZ Ltd”

A number of creditors – subcontractors and suppliers – are reported to be worried that the companies appears to have abandoned Christchurch and Clancy cannot be found or contacted. The accountant acting for all Clancy’s companies, Ponsonby/Auckland-based Richard Somerville of Walker Townsend Limited is reported as saying that he believes Clancy is overseas.

All these companies have a registered office address and service address listed on Companies Office records as Walker Townsend Ltd, Level 5, 64 Khyber Pass Rd, Grafton, Auckland, 1023, New Zealand. Richard Somerville, as “trustee shareholder” of companies Clancy directs, records his address as his office address at 64 Kyber Pass Rd (as above).

What Stuff News does not report: [Read more…]

Listing false residential address – Ex BBFC film censor jailed for false expense claims

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Former Conservative peer Lord Taylor of Warwick has been jailed for 12 months for falsely claiming £ 11,277 in parliamentary expenses. He claimed for travel between a home he used in Oxford and Westminster, as well for overnight stays in London.

Taylor listed his main residence as a home in Oxford, which was owned by his nephew, while he actually lived in a flat in Ealing, west London. He said he had made the false claims in lieu of a salary , and had been acting on colleagues’ advice.

[Note: In New Zealand Company directors who provide false residential addresses in their Annual Returns are more than likely to be making false travel expense claims in their tax returns.].

Jailing him, judge Mr Justice Saunders said the expenses scandal had left an indelible stain on Parliament .

Taylor was a former vice-president of the British Board of Film Classification serving from 1998 until 2000. He was appointed during moral times when the Government were keeping a close eye on BBFC presidential appointments….

Based on article: http://www.bbc.com/news/uk-politics-13599624

Secondary Source: Tendency to Deprave and Corrupt

http://www.censorwatch.co.uk/cw0511.htm#A_Tendency_to_Deprave_and_Corrupt_4552

Society awaits reply from Minister Hon. Paul Goldsmith to questions re Companies Act 1993

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Minister Paul Goldsmith, as of today, 6 July 2015, has not answered questions put to him from the Society (emailed to his office on 5 June 2015 and acknowledged as received) relating to the Companies Act 1993. We have been assured today by his office staff that he is very diligently working on a reply which we will be publish on our website, when and if it is received.

COPY OF QUESTIONS RAISED WITH MINISTER

Attention

Hon. Paul Goldsmith

Minister of Commerce and Consumer Affairs

p.goldsmith@ministers.govt.nz

5 June 2015

Dear Sir,

The Companies Act 1993 states in section 2 (“Interpretation”):

“A reference in this Act to an ADDRESS means (a) in relation to an individual, the full ADDRESS of the place where that person USUALLY LIVES.” [Emphasis added in capitals].

Under the Act all company directors are currently required to disclose their full “residential addresses” [where they reside and can be contacted by the Office] and these are included within the company records in the Annual Reports filed each year, available for public scrutiny on the Companies Office website. If their address changes they have a statutory duty to update their address on the website (able to be done online) by notifying the Registrar within the prescribed time frame. Not to do so is an offence and a number of directors have been prosecuted for such breaches of the Act.

Following the recent amendments to the Act which took effect on 1 May 2015; a time-frame for implementation of changes has been set, such that by 28 October 2015:

“All New Zealand companies will be required to have at least one director that either lives in New Zealand, or lives in Australia and is a director of a company incorporated in Australia.”

Our Society has a number of questions we seek urgent answers to: [Read more…]

New Zealand’s history of Ponzi schemers

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In five of the last nine years, ponzi schemers have been banged up in jail as a result of their nefarious actions.

Between 1991 to 2012, New Zealand had at least one active Ponzi schemer at work at all times, most under the old Securities Commission, which was ineffectual and was swept away to be replaced by the Financial Markets Authority (FMA).

The FMA can’t guarantee there are no ponzi schemes operating as you read this. [Read more…]