A Case Of Mistaken Identity

     And the question marks will have to remain because this particular Lionbridge Ltd is registered in the British Virgin Islands. The abbreviated 2009, 31st August accounts for Longside Properties Ltd contain this final paragraph:

     During the year, Lionbridge Ltd, a company incorporated in the British Virgin Islands acquired the whole of the issued share capital of the company. Lionbridge Limited is the immediate and ultimate parent undertaking. The controlling party of Lionbridge Limited is not known to the director.
 
     I read that last bit again; ‘the controlling party of Lionbridge Limited is not known…’ Does anyone know then who actually ultimately owns Turf Moor? Surely someone in the boardroom does.

     “Why on earth are you so obsessed with this?” asked Mrs T as I sat there muttering,’ well I’ll be damned.’
 
     “Because it’s so intriguing and such fun to follow up and write about,” I replied. “Some blokes’ hobbies are horse-racing, or golf, or darts or creosoting anything that stands still. Me: I like finding things out and chasing paper trails. And the next question is Mrs T; where does the rent that’s payable finally end up – at Longside or at the British Virgin Islands Lionbridge. This is £300k+ a year. Whose bank account does it eventually end up in? When the ground was owned by Longside, and Barry Kilby and John Sullivan were the directors, we knew where the money was going. That was kind of OK. Now it all seems rather hazy and blurred and when things are hazy and blurred you start to ask questions. Now I’ve heard the name Peter Ashton mentioned, a London property guy, being the guy who bought it. What’s the connection between him and Lionbridge if Barry Kilby says to the best of his knowledge it’s owned by Lionbridge?”

To continue reading click the link below:

http://www.thelongside.info/content/view/1237/255/