CPM Asset Management – Uncovered!

PDC and CPM – What constitutes a connection?

Posted on 24. Mar, 2008 by admin in All posts, CPM Asset Management, Property Debt Collection (PDC)

Langauge is subjective! As PC MacAnally once said to comedian Mark Thomas “One man’s s**t is another mans crap, is another mans poop!” So what constiutes a ‘connection’ for me may not be the same as what constitutes a ‘connection’ for you. It is almost certain that what constitutes a ‘connection’ for the representatives of CPM and PDC will be something altogether different again. Let me present the evidence and you can make up your own mind.

[Research data obtained through Companies House and FAME]

The current list of Directors for Property Debt Collection Limited shows a Mr G Tona as the sole Director. The Directors report states that the date of appointment of Mr Tona was 11/02/1993 which is also the date of Incorporation. Day 1 if you like. Previous appointments of Property Debt Collection include:
Mr R. V. Noble – Director. 11/02/1993 – 11/02/1993 (1 Day, however …)
Lundie Management Holdings Limited – Director. 24/02/1994 – 02/04/2003
Mr Noble is also a (previous) Director of Lundie Managment Holding. See below. (…so really 6 years!)

The report also lists Mr Tona as a Director of the inactive/dissolved company Property Debt Collection (Stevenage) Limited having been appointed on 10/10/1984. Though the company is dissolved Mr Tona’s appointment as a Director is listed as ‘current’ (I don’t fully understand this). Also listed as a ‘current’ Director of PDC (Stevenage) is Lundie Management Holdings Limited. Lundie Management Holdings dissolved 18/04/2006.

[Subjective as my opinion is, to me this constitutes a 'connection' between Mr Tona/Property Debt Collection, Mr Noble and Lundie Management Holdings Ltd]

The appointments report for Lundie Management Holdings includes:
Mr N. L. Wager – Director. 02/04/1992 – still current
Mr R. V. Noble – Director. 14/02/1996 – 22/08/2003
Hertford Company Secretaries – Company Secretary. 27/06/2000 – 17/02/2004

The Directors report for Mr N Wager and Mr R Noble share some telling similarities:
Hertford Company Secretaries – Now an Erinaceous Subsiduary
Vita Insurance Services – Now an Erinaceous Subsiduary
CPM (Scotland) – There’s those 3 letters again
CPM Bespoke Mortgages – and again!

Like I said, all completely subjective.