John Edward Clancy, sole director of three building companies recently put into liquidation, has readily accessed the Companies Office website as “Presenter” and ‘authorised’ the record of a transfer of all the 80 shares listed as owned by “FJ40 Trust” in OJJ Christchurch Central Ltd – into the ownership of Riani Suhandi. These shares – 20% of the company – were “owned” by a “Trust” with no trustees names ever having been recorded against the shareholding record – a clear breach of the Companies Act 1993 by Clancy. [Read more…]
Christchurch’s Global Developments (Waltham) Ltd has gone into liquidation, having built this block of flats at 60 Waltham Rd for Housing New Zealand.
Another Global Homes company has gone into liquidation, just as it was to complete a $4 million sale to Housing New Zealand (HNZ). [It was put into liquidation on 22/07/15]
See SPCS Analysis of Clancy-directed companies
Graham Dennis HEWER was appointed by John Edward Clancy as director of Derby Grey Ltd (formerly Global Developments (NZ) Ltd), a property development company, effective on the same day as it was put into liquidation – 14 October 2014 owing over one million dollars to creditors. The Director’s Consent Certificate for Hewer was completed by Richard Somerville (Walker Townsend Ltd), the accountant for all Clancy’s companies. Earlier that day at 09:33:24 Somerville filed a document online verifying that all the shares of the company, formerly jointly held by Clancy and FJ40 Trustees Ltd; had been transferred to Graham Hewer – of residential address 87 Byron Street, Sydenham, Christchurch, 8023, New Zealand. Six days later on 20 October 2014 Somerville filed a document stating that John Edward Clancy of residential address 19 Bennington Way, Wigram, Christchurch, 8042, NZ, had ceased being director. The change of the company name to Derby Grey was made effective on 9 October 2014, just five full days prior to the company being put into liquidation by the Special Resolution of its Shareholders under s. 241(2)(a) of the Companies Act 1993.
See PDF Links for companies directed by John Edward Clancy
Global Developments 511 Madras Street Ltd (Co. No. 4910399) directed by John Edward Clancy was put into liquidation on 10 July 2015 by the Auckland High Court. The company owes the council $35,416 for a building consent and the council spent another $2000 putting the company into liquidation. The incorporation of the company on 22 January 2014 involved the submission of allegedly fraudulent documents to the Companies Office by the director John Edward Clancy via his accountant Richard Townsend Sommerville (Walker Townsend Ltd). [Note: SPCS has filed a formal complaint to the Companies Office].
The signatures entered on the Director’s Certificate and Shareholder’s Certificate, purporting to be that of John Clancy do not match in any way his signatures on other documents he has filed in the incorporation of a range of other companies he directs.
For example the signature he used incorporating the company Global Developments (New Zealand) Ltd (now in liquidation and renamed Derby Grey Ltd, do not match those filed for Global Developments 511 Ltd.
Examples of numerous alleged document fraud from the Companies Office website www.companies.govt.nz relating to John Edward Clancy.
See fuller documentation in earlier postings on the Society website.
A building group that has already cost the Christchurch City Council $166,000 owes it another $37,000.
The council last week wrote off $165,831 owed by Global Developments (New Zealand) Ltd (now in liquidation and renamed Derby Grey Ltd) for development contributions on 12 units in Worcester St, Linwood.
Housing New Zealand (HNZ) bought the units last year for $4 million.
Global Developments is part of the Global Homes Group connected to Auckland businessman John Edward Clancy.
English-born John Edward Clancy heads a troubled building group in Christchurch
The council has now liquidated another company in the group. Global Developments 511 Madras Street Ltd was put into liquidation on July 10 by the High Court in Auckland
The company owes the council $35,416 for a building consent and the council spent another $2000 putting the company into liquidation………
In addition, the Companies Office has started an investigation into allegations Global company documents submitted for registration in the Companies office are incorrect.
Under the Companies Act, directors and shareholders must give their correct residential addresses for certain documents.
Clancy appears to have entered the address of his business premises as his residential address. His Auckland accountant, Richard Somerville, who is a director of a trustee company holding shares in the Global group, appears to have done the same.
Somerville said he was vacating his role with the Global group and would be approaching the Companies Office about the alleged irregularities.
Clancy could not be contacted.
A spokesman for the Companies Office said the allegations about the document irregularities made by the Society for the Promotion of Community Standards [“SPCS”] were being investigated.
“Where non-compliance is identified the Companies Office undertakes administrative action to obtain compliance,” he said.
Prosecution would be considered in exceptional cases, the spokesman said.