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John Clancy: Claimed ownership of Global Group Holding Ltd and Global Homes Ltd

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John Clancy claims on his current LinkedIn Profile that he is:

Owner, Global Group Holding NZ Ltd

New Zealand, Construction

Current: Global Homes Ltd

Experience: Owner – Global Homes Ltd

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

THESE CLAIMS ARE ALL FALSE

John Clancy

             John Edward Clancy

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

Companies Office Records show that there has never been a company by this name “Global Group Holding NZ Ltd” registered in New Zealand.

However there is one company called Global Group Holdings NZ Ltd (Co. No. 2314973) that was incorporated on 8 September 2009. Its founding sole director was John Edward Clancy who remains its sole director.

See: John Clancy Global Group Holdings NZ

His residential address is recorded on the company’s 2015 Annual Return filed by his accountant Richard Somerville (Walker Townsend Ltd) as 91 Kingsley Street, Sydenham, Christchurch, 8023, New Zealand.  This is a false residential address as the property is in a commercial-business zone (classed non-residential).

Companies Office records show that Global Group Holdings NZ Ltd (Co. No. 2314973) has been owned by a Trust – set up by Richard Townsend Somerville’s trustee service company Clancy Trustee Company Ltd (formerly called Somerville Gp Trustee Co. Ltd, since 30 November 2011.

The Trust has two trustees: John Edward Clancy and his wife Youngmee Clancy – both recorded as currently residing at 91 Kingsley Street, Sydenham 8023, New Zealand (which as noted is a false residential address).

Contrary to his claim, John Edward Clancy does not personally own Global Group Holding NZ Ltd (which does not exist as noted), nor Global Group Holdings NZ Ltd. The latter entity is owned jointly by a Trust of which John Edward Clancy is one of two trustees, both holding shares on behalf of beneficiaries (unnamed on the register). Clancy Trustee Company is the other joint owner (with the Trust) and its director – Richard Somerville – holds one share. This company’s registered office and address for service is Level 5, 64 Khyber Pass Rd, Grafton, Auckland, 1023 , New Zealand.

John Edward Clancy owned Global Group Holdings NZ Ltd from 8 September 2009 when the company was incorporated until 30 November 2011, at which time ownership was transferred to the Trust as noted above.

See: https://www.business.govt.nz/companies/app/ui/pages/companies/2314973/shareholdings?backurl=%2Fcompanies%2Fapp%2Fui%2Fpages%2Fcompanies%2Fsearch%3Fmode%3Dstandard%26type%3Dentities%26q%3DGlobal%2520Group%2520Holdings%2520NZ%2520Ltd

John Edward Clancy claims he is currently an owner and director of Global Homes Ltd. He incorporated this company (No. 2280020) on 8 July 2009 and remains its sole director. He changed its name to LF Holdings Ltd on 28 May 2014. He currently owns (individually) only 5% of the company shares. The remaining 95% he holds jointly as a trustee of the “Clancy Trust” which was set up by his accountant Richard Townsend Somerville. Clancy Trustee Company Ltd, owned and directed by Richard Somerville, is a trustee of the “Clancy Trust”, along with John Clancy and his wife Youngmee Clancy.

See John Edward Clancy directed company connections and Trusts and ownership links here:

Clancy Trusts and Company Flow Diagram Links

MF24 TRUSTEES link to John Clancy companies

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…]