Paramount Independent Property Services mak £5.6 million, in one year, out of ‘by the night’ flats for Kent’s homeless
Nightly let rates are more lucrative for the supplier since they can earn up to a £1,000 more per month
At the end of June we brought you the post ” Firms make hundreds of thousands out of ‘by the night’ flats for Folkestone & Hythe homeless“. One of the companies we mentioned in that blog post was Paramount Independent Property Services Llp (Paramount).
According to Companies House, Paramount has four designated members (DM) of its Limited Liability Partnership therefore there is no requirement to name a Person of Significant Control (PSC) (no-one has >25% control.
The Four DMs are:
AGRAVAIN ADVISORY LIMITED – PSC Mr. Jamie Brett Smith-Thompson
GALAHAD ADVISORY LIMITED – PSC Mr. Andrew Richard Moore
GAWAINE ADVISORY LIMITED – PSC Mr. Timothy David Moore
SOUTH EAST HOUSING GROUP LIMITED – PSC Mr Grant Daniel De-Negri
Mr De-Negri (pictured) is the owner of the Paramount group of companies. He worked as a Private Sector Housing Technical Officer at Medway Council (1998 – 2002). As an Empty Homes Consultant at Swale Borough Council ( – Private Sector Housing Officer for Tonbridge & Malling Borough Council ( – Senior Private Sector Housing Officer at Dartford Borough Council ( – Paramount Independent Property Services in
The first mention of Paramount in Folkestone & Hythe District Council’s payment to suppliers is in Sept 2016. There they are described as providing Bed & Breakfast Accommodation and received £1,100. In the financial year April 1st 2018 – March 31st 2019 Paramount received £135,612. By Jan 2019 Paramount are described as providing Self Contained Nightly Lets.
The nightly let charges vary. They start at £30 a night, then £35, £40, £45, £55 rising to a maximum of £65 a night. The persons placed there stay from a minimum of one night through to 31 nights. This means Paramount have billed the Council up to £ 1,705 for 31 nights at the rate of £55 a night, according to invoices supplied by Folkestone & Hythe District Council.
According to Home.co.uk, the median rent in Folkestone is £676pcm (the average rent in Folkestone is £742 pcm). This means that landlords are able to earn up to 152% more in rent if they let their properties out on a nightly let to the council – £676 – £1,705 = 152% increase.
Now from information downloaded from the land registry we can certainly say Mr. Jamie Brett Smith-Thompson, Person of Significant Control of AGRAVAIN ADVISORY LIMITED and a designated member of Paramount, has received payment from the Council for letting out his property in Black Bull Rd, Folkestone. We stress he has done nothing wrong.
Below these are the payments made by all Council in Kent to Paramount. They amount to £5.6 million in one financial year.
In Nov 2018 it was reported that a paedophile was moved into a Paramount property in Dale Street Chatham. The house overlooked the garden of the property next door where a young child would play. When Paramount found out who he was they immediately removed him.
We also know of a individual who was housed by Paramount in Folkestone who had severe wellbeing issues, and was given no support. Hastings Borough Council had placed them here without any support network in place. (Paramount have moved into Sussex) As we understand these are NOT isolated cases.
We don’t blame the tenants/clients as they’ve had troubled backgrounds, but to be placed miles away from their support networks makes no sense.
Homelessness and the threat of homelessness is a growing issue in Kent. On March 19th 2019 the House of Commons Library released a briefing paper titled: Households in temporary accommodation (England) . At Para 3.7 it states:
3.7 Funding temporary accommodation Self-contained units meet households’ need for space and privacy but rent levels for this type of accommodation are generally high as they usually incorporate a market rent plus an allowance for voids, bad debts and management charges.
Again, what does it say about the values of our elected local representatives that they are prepared to bankroll organisations like this one. How keen would they be to live in such accommodation?
There’s certainly more to this company than meets the eye. Trust me having been in one of their HMO’s in Hastings I speak first hand….. basically they are quite literally about making money at the expense of the homeless and other vulnerable members of society…. nothing more. I believe the CEO Grant, has just bought himself a nice big new house and has Paramount Maintenance Staff installing CCTV on the property for him.