We nearly missed a property that is named in the Panama Papers and is in Shepway.
The address named in the Panama Papers is
The Well House, North Elham, Elham, Canterbury (CT4 6UY) and the registered owners of this property are MICHAEL DAVID STANFORD-TUCK and SUSAN PENELOPE STANFORD-TUCK.
According to the Panama Papers, registered to the address above are Three people and they are M. D. Stanford- Tuck, J.C.S. Erle- Drax and S.M. Rumbello, who are shareholders in Limestone Trading Ltd, which was incorporated on 6/02/98 and Struck off of 31/10/2014. Its Jurisdiction was the British Virgin Islands and its intermediary address was in Vaduz (Capital) Liechenstien.
Now there is something else about Mr MICHAEL DAVID STANFORD-TUCK, he is a member of both Orwell and Cherwell Films LLP .So what we hear you say. Ah well, in March 2005 both these companies signed up Craig Bellamy, the Footballer, while playing for Celtic FC (below)
Many Film Companies were ruled illegal in the mid noughties by the courts. HMRC argued, successfully, on many occasions, such schemes were not legitimate investment opportunities but a means of avoiding tax. See Named & Shamed
Also MICHAEL DAVID STANFORD-TUCK has made 3 planning application to Shepway District Council, they are Ref. No: Y10/1001/SH, Ref. No: Y11/0049/NMC and Ref. No: Y12/0020/NMC between 2010 and 2012. At this time he was a shareholder in Limestone Holdings Ltd mentioned above.
There are legitimate uses for offshore companies and trusts. We do not intend to suggest or imply that any persons, companies or other entities included in the above blog have broken the law or otherwise acted improperly.