September 20, 2014

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FirstPort – which was Peverel last week – makes debut in Private Eye

The satirical magazine Private Eye has featured Peverel’s name-change to FirstPort today. Referring to previous reports on Peverel as see “Eyes passim ad nauseam” it treats readers to a resume of Peverel’s recent unfortunate history. “FirstPort may turn out to be LastResort for the troubled management company,” is the pessimistic conclusion.

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Carlex submission to CMA leasehold inquiry

Why did the CMA study take place? The CMA study into residential management services partly originated in the public criticism expressed over the Office of Fair Trading investigation into the Peverel / Cirrus collusive tendering scandal. Owing to the prime minister’s response to a direct appeal by Carlex, this resulted in a meeting with the […]

CMACarlex

Skimpy opinion poll used in CMA study of leasehold

- Only 131 retirement leaseholders quizzed – 17 leaseholders ONLY discussed Property Tribunal – MORI has to correct criticism of LKP leasehold figures (which are accepted by DCLG) – BUT poll does confirm that there is more contentment when leaseholder manage their sites in an RTM or RMC compared with those that are freeholder-controlled Alarm […]

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Mounting concern as Hanover has sold 21 house manager flats

Hanover residents are becoming increasingly concerned that the supposedly not-for-profit housing association is mining value out of their sites by flogging off the house manager flats. Leonard Hackett Court in Bournemouth had its house manager flat sold in June for £105,000, while others report Hanover seeking planning consent to enhance value before putting the properties […]

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Peverel rebrand: is something up for sale?

The new company structure after the Peverel rebrand strongly suggests something is going to be sold. A useful schematic of the existing and future company structures is given here and above:

Peverelrebrand

Any port in a storm … as Peverel changes its name to FirstPort

In what appears a desperate measure, Peverel is renaming itself FirstPort. In an announcement today all its property services businesses will be rebranded FirstPort, uniting them together under one brand. An expensive logo is doubtless underway, and be prepared for a deluge of queasy photographs of elderly residents in a state of rapture and joy. It […]

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Ex-Peverel CEO Nigel Bannister sets up Freemont Property Management

Former leading executives of Peverel have set up a new company, Freemont Property Management. Headed by former Peverel CEO Nigel Bannister and former head of Peverel Retirement Keith Edgar, the company is registered to an office in Lymington in Hampshire. It has already secured the management of the large Aqua site on the waterfront in Poole, Dorset.

London and Quadrant resident seeks contact with others

This today to Carlex:   My partner and I live in a block managed by L & Q (London and Quadrant). We are concerned that our management service costs are escalating at a rate far beyond inflation each year. Concerns raised by the residents here are very, very slow to be actioned and we can […]

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Janet Entwistle says no staff ‘involved directly’ in Cirrus scam – or even ‘linked’ – are still employed

Janet Entwistle, the Peverel CEO, assured Carlex earlier this year that no one involved directly in the Cirrus price-fixing scam – or even “linked” – was still employed by the company. Janet Entwistle’s was speaking at a meeting with Carlex / LKP at the Commons on February 10, hosted by Sir Peter Bottomley. She is […]

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Private Eye reports Peverel re-employing Cirrus stooge Glyn Jackson

Private Eye today reports the Carlex story of OFT price-fixing cheat Glyn Jackson being re-employed at a Peverel site. Jackson, whose company went into liquidation and so avoided an OFT fine of £35,700, is back at work at the Adelphi site in Harrogate, which is managed by Peverel. He won’t be employed at other sites, […]

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AgeUK echoes Carlex’s concerns over retirement housing

The Carlex agenda for reform of retirement housing has been given a ringing endorsement by a report published today by AgeUK. The report, Housing in Later Life, arrives just as the Competition and Markets Authority appears to be manoeuvring to downplay concerns in retirement in its leasehold sector inquiry.

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Peverel / Cirrus price-fixing stooge says sorry

The owner of one of the three stooge companies that helped Peverel’s subsidiary Cirrus wrongly win lucrative contracts at retirement sites deeply regrets his involvement in the scam. Jeremy Owen, 38, of Owens Installations, says he got caught up in the Cirrus scandal because he was young and naïve and wishes he could “turn the […]

The Matthews deeply regret buying a flat at Gerard Lodge in Bognor Regis, but their unhappinesses are not solely the result of this purchase

Seven months after buying our retirement flat, we have put it up for sale

- Couple deeply regret hasty decision – Why did they not RENT instead? – Churchill satisfied with sales procedures A couple who bought a one-bedroom retirement flat deeply regret making the hasty decision and were desperate to sell up – only seven months later. Evelyn Matthews, 78, and her husband Stan, 94, bought the one-bedroom […]

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£750,000 lost in SmartSource Water scandal

Following up the Carlex story of Hanover losing £500,000 over the SmartSource Water scandal, it now emerges that Housing 21 lost £250,000. Inside Housing, the newspaper for social housing providers, says SmartSource Water was like a “pyramid scheme” which has left several housing associations among creditors facing millions of pounds of combined losses.

Eddington Court in Weston-super-Mere, is a McCarthy and Stone site that has seen a series of battles with the Tchenguiz freeholder, Fairhold. It gave Peverel its marching orders and is retirement leasehold site with right to manage

Carlex veteran wins another £5,000 off Tchenguiz

Battle-scared Carlex veteran Norman Greed has pulled off another coup for residents at Eddington Court: a £5,000 repayment on insurance commissions from the Tchenguiz Family Trust. In June Mr Greed, a director of the Eddington Court RTM claimed £10,000 on past insurance commissions to Kingsborough and Oval.

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