Combined Property Control - Revision history

David at 21:14, 10 December 2024

2024-12-10T21:14:36Z

David: /* Interests */

2023-12-03T11:54:15Z

Interests

David: /* Contact */

2023-12-03T11:53:43Z

Contact

David at 11:53, 3 December 2023

2023-12-03T11:53:18Z

David: /* Resources */

2023-12-03T11:36:12Z

Resources

David at 11:26, 3 December 2023

2023-12-03T11:26:04Z

David at 17:24, 16 November 2023

2023-11-16T17:24:15Z

David: Blanked the page

2023-01-01T12:11:53Z

Blanked the page

David: /* People */

2022-12-31T07:35:54Z

People

David: Created page with " ==People== Aubrey Weiss ==Resources== https://www.irishtimes.com/business/retail-and-services/mike-ashley-funds-challenge-to-debenham-s-rescue-plan-1.4005233 ==Notes=..."

2022-12-31T07:35:45Z

Created page with " ==People== *Aubrey Weiss ==Resources== *https://www.irishtimes.com/business/retail-and-services/mike-ashley-funds-challenge-to-debenham-s-rescue-plan-1.4005233 ==Notes=..."

New page

==People==
*[[Aubrey Weiss]]

==Resources==
*https://www.irishtimes.com/business/retail-and-services/mike-ashley-funds-challenge-to-debenham-s-rescue-plan-1.4005233
==Notes==
<references/>

← Older revision		Revision as of 21:14, 10 December 2024
Line 1:		Line 1:
−	[[Combined Property Control]] is a vehicle for the control of a huge property empire run by 'secret millionaire'<ref>https://www.placenorthwest.co.uk/the-subplot-last-mile-flex-hopes-salfords-secret-millionaire</ref> [[Aubrey Weis]] and his family including especially [[Rachel Weis]] and [[Sir Weis]]. His right hand man appears to be [[Benny Stone]] who lists his role as 'property manager' at the entity. Combined Property ~~control~~]] is not registered as a company or as a charity in the UK. It would appear to have no corporate form. In a court dispute with an insurance brokerage called [[Lockton]] it was claimed that Weis was not as he had claimed pursuing the case as a 'sole trader'. Lockton 'disputed that Weis was pursuing the claim as a sole trader, stating that it had dealt with a number of employees in his various companies, including [[Elcombe]] which it said owned the [[Golden Triangle]] property.'<ref name="Insuranceage">Ida Axling [https://www.insuranceage.co.uk/broker/7529091/lockton-denies-fraud-allegations-in-ongoing-legal-dispute Lockton denies fraud allegations in ongoing legal dispute] ''Insurance Age'', 21 Oct 2020</ref> This would appear to suggest that Combined Property Control - sometimes also styled as the [[Combined Property Control Group]] - is a vehicle operated by Weis as a 'sole trader'. The group would appear to own or control a variety of companies all of which are registered with Companies House. In the same case just noted it was reported that'Lockton explained that it had placed cover for the whole of Weis’s property portfolio with [[Axa]] on 26 March 2018.'<ref name="Insuranceage"/>	+	[[Combined Property Control]] is a vehicle for the control of a huge property empire run by 'secret millionaire'<ref>https://www.placenorthwest.co.uk/the-subplot-last-mile-flex-hopes-salfords-secret-millionaire</ref> [[Aubrey Weis]] and his family including especially [[Rachel Weis]] and [[Sir Weis]]. His right hand man appears to be [[Benny Stone]] who lists his role as 'property manager' at the entity. [[Combined Property Control]] is not registered as a company or as a charity in the UK. It would appear to have no corporate form. In a court dispute with an insurance brokerage called [[Lockton]] it was claimed that Weis was not as he had claimed pursuing the case as a 'sole trader'. Lockton 'disputed that Weis was pursuing the claim as a sole trader, stating that it had dealt with a number of employees in his various companies, including [[Elcombe]] which it said owned the [[Golden Triangle]] property.'<ref name="Insuranceage">Ida Axling [https://www.insuranceage.co.uk/broker/7529091/lockton-denies-fraud-allegations-in-ongoing-legal-dispute Lockton denies fraud allegations in ongoing legal dispute] ''Insurance Age'', 21 Oct 2020</ref> This would appear to suggest that [[Combined Property Control]] - sometimes also styled as the [[Combined Property Control Group]] - is a vehicle operated by Weis as a 'sole trader'. The group would appear to own or control a variety of companies all of which are registered with Companies House. In the same case just noted it was reported that'Lockton explained that it had placed cover for the whole of Weis’s property portfolio with [[Axa]] on 26 March 2018.'<ref name="Insuranceage"/>

	The Weis family and Stone all live close to each other in Broughton Park, Salford in Greater Manchester.		The Weis family and Stone all live close to each other in Broughton Park, Salford in Greater Manchester.

← Older revision		Revision as of 11:54, 3 December 2023
Line 4:		Line 4:

	==Interests==		==Interests==
		+	===Debenhams store building ownership?===
		+	:Recently in the High Court landlords challenged the validity of the CVA (Company Voluntary Arrangement) that was approved for the High Street [[Debenhams]] retail chain. The store chain had announced that its restructuring plan based on the closure of 50 stores and rent reductions for up to 100 others. Major shareholder [[Mike Ashley]], owner of [[Sports Direct]], had sought to challenge the CVA after the board of Debenhams rejected his offer to buy the chain for £200 million. His shareholding was wiped out when the company went private as part of the rescue and restructuring deal, which was approved by 80% of its landlords. Although Ashley withdrew his own challenge to the CVA, he continued by backing a legal challenge from [[Combined Property Control Group]] (CPC) as landlords who owned several properties.
		+
		+	According to CMS Law the five grounds of the CPC challenge were:
		+
		+	*Future rent is not a “debt” and so the landlords are not creditors, such that the CVA cannot bind them;
		+	*A CVA cannot operate to reduce rent payable under leases: it is automatically unfairly prejudicial;
		+	*The right to forfeiture is a proprietary right that cannot be altered by a CVA;
		+	*The CVA treats the landlords less favourably than other unsecured creditors without any proper justification;
		+	*There is a material irregularity: the CVA fails to adequately disclose the existence of potential “claw back” claims in an administration.
		+
		+	:Items 1, 2, 4 and 5 were rejected by the High Court, although item 3 was upheld, meaning that the landlord retains the right of re-entry and to forfeit a lease and therefore this right cannot be modified by a CVA. This means that if they choose to, landlords can take back their property, although in the current perilous circumstances in the retail sector it is questionable if this would be in their interests given the difficulties they might have in finding an alternative tenant and their liability for rates even when the property is vacant. The findings did however leave open the prospect of a challenge over the reduction in the rent value if it could be proven that it was below the current market value.<ref>A withers [https://www.k2-partners.com/2019/10/03/high-court-cva-clarification-for-landlords/ High Court CVA Clarification For Landlords] K2-Partners, 3 October 2019.</ref>

	==People==		==People==

@@ Line 1: / Line 1: @@
-[[Combined Property Control]] is a vehicle for the control of a huge property empire run by 'secret millionaire'<ref>https://www.placenorthwest.co.uk/the-subplot-last-mile-flex-hopes-salfords-secret-millionaire</ref> [[Aubrey Weis]] and his family including especially [[Rachel Weis]] and [[Sir Weis]].  His right hand man appears to be [[Benny Stone]] who lists his role as 'property manager' at the entity. Combined Property control]] is not registered as a company or as a charity in the UK.  It would appear to have no corporate form.
+[[Combined Property Control]] is a vehicle for the control of a huge property empire run by 'secret millionaire'<ref>https://www.placenorthwest.co.uk/the-subplot-last-mile-flex-hopes-salfords-secret-millionaire</ref> [[Aubrey Weis]] and his family including especially [[Rachel Weis]] and [[Sir Weis]].  His right hand man appears to be [[Benny Stone]] who lists his role as 'property manager' at the entity. Combined Property control]] is not registered as a company or as a charity in the UK.  It would appear to have no corporate form. In a court dispute with an insurance brokerage called [[Lockton]] it was claimed that Weis was not as he had claimed pursuing the case as a 'sole trader'. Lockton 'disputed that Weis was pursuing the claim as a sole trader, stating that it had dealt with a number of employees in his various companies, including [[Elcombe]] which it said owned the [[Golden Triangle]] property.'<ref name="Insuranceage">Ida Axling [https://www.insuranceage.co.uk/broker/7529091/lockton-denies-fraud-allegations-in-ongoing-legal-dispute Lockton denies fraud allegations in ongoing legal dispute] ''Insurance Age'', 21 Oct 2020</ref> This would appear to suggest that Combined Property Control - sometimes also styled as the [[Combined Property Control Group]] - is a vehicle operated by Weis as a 'sole trader'. The group would appear to own or control a variety of companies all of which are registered with Companies House. In the same case just noted it was reported that'Lockton explained that it had placed cover for the whole of Weis’s property portfolio with [[Axa]] on 26 March 2018.'<ref name="Insuranceage"/>
-The Weis family and Stone all live close to each other in a suburb of Salford in Greater Manchester.
+The Weis family and Stone all live close to each other in Broughton Park, Salford in Greater Manchester.
 ==Interests==

@@ Line 1: / Line 1: @@
 ==People==
 *[[Aubrey Weis]] - controls the entity
-*[[Benny Stone]] Property Manager at Combined Property Control - as listed on his LinkedIn page.<ref>https://www.linkedin.com/in/benny-stone-416abba3/?originalSubdomain=uk</ref>
+*[[Benny Stone]] Property Manager at Combined Property Control - as listed on his LinkedIn page.<ref>LinkedIn [https://www.linkedin.com/in/benny-stone-416abba3/?originalSubdomain=uk Benny Stone].  [https://archive.ph/TsnVU Archived version]. Captured 3 December 2023.</ref>
 ==Contact==

← Older revision	Revision as of 17:24, 16 November 2023
Line 1:	Line 1:

	+	==People==
	+	*[[Aubrey Weis]] - controls the entity
	+	*[[Benny Stone]] Property Manager at Combined Property Control - as listed on his LinkedIn page.<ref>https://www.linkedin.com/in/benny-stone-416abba3/?originalSubdomain=uk</ref>
	+
	+	==Contact==
	+	:Address: [[66 Waterpark Road, Salford]], Greater Manchester, M7 4JL
	+
	+	:Landline: 0161 740 0116<ref>https://local.standard.co.uk/company/764639244189697</ref>
	+
	+	==Resources==
	+	*https://www.irishtimes.com/business/retail-and-services/mike-ashley-funds-challenge-to-debenham-s-rescue-plan-1.4005233
	+	*https://archive.vn/b1pZw
	+	*https://www.thecaterer.com/news/travelodge-landlords-legal-action-rent-hotel
	+
	+	==Notes==
	+	<references/>

@@ Line 14: / Line 14: @@
 :Landline: 0161 740 0116<ref>https://local.standard.co.uk/company/764639244189697</ref>
 ==Resources==
 *https://www.irishtimes.com/business/retail-and-services/mike-ashley-funds-challenge-to-debenham-s-rescue-plan-1.4005233

← Older revision		Revision as of 12:11, 1 January 2023
Line 1:		Line 1:

−
−	~~==People==~~
−	*[[Aubrey Weis]]
−
−	~~==Resources==~~
−	*https://www.irishtimes.com/business/retail-and-services/mike-ashley-funds-challenge-to-debenham-s-rescue-plan-1.4005233
−	~~==Notes==~~
−	~~<references/>~~