Cloaca Maxima Ltd

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3 Dean Trench St
3 Dean Trench St


Cloaca Maxima Limited is a British private limited company based in London, operating as a professional services firm specializing in management consulting and strategic advisory services.[1] Founded in 1996 by Dennis Stevenson, Baron Stevenson of Coddenham, it provides high-level guidance and board-level support.[2] The company is named after the Cloaca Maxima, an ancient Roman sewer system.[3] The name may have been chosen in jest, reflecting the term's biological and colloquial meanings as a sewer or privy.[2] Cloaca Maxima Ltd, based at Dean Trench Street in London is a secretive consultancy set up by Dennis Stevenson in 1996.[4] It is named after a large Roman Sewer[5] and is used by Stevenson to channel funds from corporations on the board of which he sits. For example the 2002 Annual Report of HBOS noted that:

The fee payment to Dennis Stevenson comprises payments made to him personally and to Cloaca Maxima (of which company Dennis Stevenson is a director) in respect of the provision of his services as Chairman of the Group of £472,500 (2001 - £350,000) and payments made in respect of his services as a Director of St James's Place Capital of £nil (2001 - £12,500) where his directorship ended on 21 February 2002.[2]

One of the directors of Cloaca Maxima is Heneage Stevenson, trustee of the arts organisation Second Movement and development manager at Bee Bee Developments[6], a company that was the largest landowner in mid-town London. On its website, Bee Bee Developments claims to have relationships with a number of private sector organisations, particularly banks, including Halifax Bank of Scotland[7] Cloaca Maxima Limited, previously known as SRU (Dennis Stevenson) Limited from its incorporation on 2 September 1996 until the name change on 4 March 1997,[2] was not related to the earlier Specialist Research Unit (SRU), a separate market research consultancy founded by Dennis Stevenson, Baron Stevenson of Coddenham and Peter Wallis (also known as Peter York) in the early 1970s.[8] Cloaca Maxima Limited was not created as a result of the original SRU ceasing to exist. The original SRU, founded in the early 1970s, continued operations and was sold to the Brunswick Group in 2000, after which Peter York bought it back in 2003.[2] Cloaca Maxima, incorporated in 1996, appears to be a separate personal consultancy vehicle for Dennis Stevenson, distinct from the original SRU.[2] There is no definitive information confirming whether Cloaca Maxima operated from the same premises as the original SRU. Cloaca Maxima is registered at Little Tufton House, 3 Dean Trench Street, London, SW1P 3HB.[9] While some sources mention SRU's address in connection with associated entities in London, no specific matching address for the original SRU was found in the available records.

What is in a name

Observation: Cloaca is a technical biological term for the "anus analog" in some primitive organisms (fishes, certain birds, and some mammalians); it also means: "A sewer or a privy". Given the nature of the name, one suspects that it was coined in jest, and thus indicates the nature of the organization.[2] The company's registered office is at Little Tufton House, 3 Dean Trench Street, London, SW1P 3HB.[10] As of September 2024, it reported net assets of £5.615 million, with total assets of £5.873 million and 5 employees.[1]

3 Dean Trench Street=

Alexander Stevenson runs a business called RSe Consulting from an office on the corner in 'Little Tufton House' 3 Dean Trench Street London SW1P 3HB3,[11] which is a tiny street linking Tufton Street to Smith Square.

Also there:

Biographies of the directors

Dennis Stevenson, Baron Stevenson of Coddenham

Dennis Stevenson, Baron Stevenson of Coddenham (born Henry Dennistoun Stevenson on 19 July 1945) is a British businessman and former director of Cloaca Maxima Limited.[12] Educated at Edinburgh Academy, Trinity College, Glenalmond, and King's College, Cambridge, he had a distinguished career including chairmanships of HBOS (1999–2008), Pearson (1997–2005), and the Tate Gallery Trustees (1988–1998).[12] He also served on boards such as British Technology Group, Manpower Inc., BSkyB, and Waterstones.[12] Stevenson founded Cloaca Maxima in 1996 as a consultancy to channel corporate fees.[13] He was involved in controversies surrounding the 2008 HBOS collapse, for which he was blamed by the Parliamentary Commission on Banking Standards.[12] Married to Charlotte Susan Vanneck in 1972, he has four sons: Alexander, Heneage, Charles, and William.[12]

Alexander Stevenson

Alexander Stevenson (born February 1974) is a British director and secretary of Cloaca Maxima Limited.[14] He is the eldest son of Dennis Stevenson.[12] Appointed as director on 24 March 2004 and secretary on 18 July 2002, his correspondence address is Little Tufton House, 3 Dean Trench Street, London, SW1P 3HB.[14] He also serves as a trustee of The Vanneck Charitable Trust.[15]

Heneage John Stevenson

Heneage John Stevenson (born March 1978) is a British director of Cloaca Maxima Limited.[14] He is the second son of Dennis Stevenson.[12] Educated at Oxford University (Classics) and Trinity College of Music, he began his career as an M&A analyst at Citigroup.[16] He served as development manager at Bee Bee Developments, a property firm with ties to banks including Halifax Bank of Scotland.[17] Currently, he is a director at Vanneck Ltd and Mountgrange Investments Limited.[18] He was a trustee of Second Movement.[17] Appointed director on 1 September 2004, his address is Little Tufton House, 3 Dean Trench Street, London, SW1P 3HB.[14]

Charles Dennistoun Stevenson

Charles Dennistoun Stevenson (born September 1980) is a British director of Cloaca Maxima Limited.[14] He is the third son of Dennis Stevenson.[12] Appointed on 1 September 2004, his correspondence address is Little Tufton House, 3 Dean Trench Street, London, SW1P 3HB.[14] He serves as a trustee of The Vanneck Charitable Trust.[19]

William Beckford James Stevenson

William Beckford James Stevenson (born November 1984) is a British director of Cloaca Maxima Limited.[14] He is the youngest son of Dennis Stevenson.[12] Appointed on 1 September 2004, his correspondence address is Little Tufton House, 3 Dean Trench Street, London, SW1P 3HB.[14]

Table of directors

The following table lists current and former directors of Cloaca Maxima Limited, based on Companies House records.[14]

Name Date of Birth Date Appointed Date Resigned Correspondence Address
Alexander Stevenson (Secretary) N/A 18 July 2002 Active Little Tufton House, 3 Dean Trench Street, London, SW1P 3HB
Alexander Stevenson (Director) February 1974 24 March 2004 Active Little Tufton House, 3 Dean Trench Street, London, SW1P 3HB
Charles Dennistoun Stevenson September 1980 1 September 2004 Active Little Tufton House, 3 Dean Trench Street, London, SW1P 3HB
Heneage Stevenson March 1978 1 September 2004 Active Little Tufton House, 3 Dean Trench Street, London, SW1P 3HB
William Beckford James Stevenson November 1984 1 September 2004 Active Little Tufton House, 3 Dean Trench Street, London, SW1P 3HB
Dennis Stevenson July 1945 4 October 2010 30 April 2013 32 Catherine Place, London, SW1E 6HL
Henry Dennistoun Stevenson, The Lord July 1945 2 September 1996 31 March 2004 32 Catherine Place, London, SW1E 6HL
Peter David Stevenson March 1947 17 May 2000 4 October 2010 The White House, 147 Whitehouse Lane, Edinburgh, EH9 2EY
Comat Registrars Limited (Secretary) N/A 2 September 1996 18 July 2002 8 Gray's Inn Square, Gray's Inn, London, WC1R 5JQ
Hallmark Secretaries Limited (Nominee Secretary) N/A 2 September 1996 2 September 1996 120 East Road, London, N1 6AA
Hallmark Registrars Limited (Nominee Director) N/A 2 September 1996 2 September 1996 120 East Road, London, N1 6AA

Record of activities and controversies

Cloaca Maxima Limited operates in the business support services sector, providing consultancy services.[10] It has been described as a secretive consultancy used to channel funds from corporations where Dennis Stevenson held board positions, such as HBOS.[2] In 2002, HBOS paid £472,500 to Stevenson and Cloaca Maxima for his services as chairman.[2] Controversies primarily stem from its association with Dennis Stevenson's tenure at HBOS, which collapsed during the 2008 financial crisis, leading to a forced merger with Lloyds TSB.[12] Stevenson was criticized for governance failures.[12] Until 2022, Cloaca Maxima was a person with significant control of Vanneck Limited.[20]

Timeline

  • 2 September 1996: Company incorporated as SRU (DENNIS STEVENSON) LIMITED. Dennis Stevenson appointed director; nominee directors and secretaries resigned same day. Comat Registrars Limited appointed secretary.[10][14]
  • 4 March 1997: Name changed to Cloaca Maxima Limited.[10]
  • 17 May 2000: Peter David Stevenson appointed director.[14]
  • 18 July 2002: Comat Registrars Limited resigned as secretary; Alexander Stevenson appointed secretary.[14]
  • 31 March 2004: Dennis Stevenson resigned as director.[14]
  • 24 March 2004: Alexander Stevenson appointed director.[14]
  • 1 September 2004: Heneage Stevenson, Charles Dennistoun Stevenson, and William Beckford James Stevenson appointed directors.[14]
  • 4 October 2010: Peter David Stevenson resigned; Dennis Stevenson re-appointed director.[14]
  • 30 April 2013: Dennis Stevenson resigned as director.[14]
  • 6 April 2016: Alexander, Heneage, Charles, and William Stevenson notified as persons with significant control.[21]
  • 25 May 2022: Cloaca Maxima ceased as person with significant control of Vanneck Limited.[22]
  • September 2024: Latest accounts filed, showing net assets of £5.615 million.[1]

References

  1. ↑ 1.0 1.1 1.2 Cloaca Maxima Limited - Company Profile - Pomanda
  2. ↑ 2.0 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 Cloaca Maxima Ltd - Powerbase.info
  3. ↑ Cloaca Maxima - Wikipedia
  4. ↑ Companies House, last accessed 01/02/07
  5. ↑ Cloaca Maxima - Wikipedia
  6. ↑ Second Movement, last accessed 01/02/07
  7. ↑ Bee Bee Developments, last accessed 01/02/07
  8. ↑ SRU - Powerbase.info
  9. ↑ CLOACA MAXIMA LIMITED overview - Companies House
  10. ↑ 10.0 10.1 10.2 10.3 CLOACA MAXIMA LIMITED overview - Find and update company information - GOV.UK
  11. ↑ Hobsons RSe Consulting Ltd – Employer profile, accessed 15 March 2010
  12. ↑ 12.00 12.01 12.02 12.03 12.04 12.05 12.06 12.07 12.08 12.09 12.10 Dennis Stevenson, Baron Stevenson of Coddenham - Wikipedia
  13. ↑ Dennis Stevenson - Powerbase.info
  14. ↑ 14.00 14.01 14.02 14.03 14.04 14.05 14.06 14.07 14.08 14.09 14.10 14.11 14.12 14.13 14.14 14.15 14.16 CLOACA MAXIMA LIMITED people - Find and update company information - GOV.UK
  15. ↑ THE VANNECK CHARITABLE TRUST - 1041062 - Charity Commission
  16. ↑ Heneage Stevenson, Mountgrange Investments Limited: Profile and Biography - Bloomberg Markets
  17. ↑ 17.0 17.1 Heneage Stevenson - Powerbase.info
  18. ↑ Vanneck Ltd | LinkedIn
  19. ↑ THE VANNECK CHARITABLE TRUST - 1041062 - Charity Commission
  20. ↑ VANNECK LIMITED filing history - Find and update company information - GOV.UK
  21. ↑ CLOACA MAXIMA LIMITED persons with significant control - Find and update company information - GOV.UK
  22. ↑ VANNECK LIMITED filing history - Find and update company information - GOV.UK
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