Jordan Marie GARDINER
Stephen White, their director, remembers a once thriving high street. A s office block has sat empty on the street for more than five years. Today it is boarded up and has been vandalised.
He took on the role in and had a month hiatus between and due to the problems relating to his pledging of shares as collateral, which had included those he held in Cosalt itself. Despite doubling his offer and pumping more money into the company through his investment vehicle, disaffected shareholders rejected it. Some individual shareholders tried in December to have the Takeover Panel and Financial Services Authority investigate Ross amid claims that he had abused his position in an attempt to buy the business cheaply.
Ross said that he had acted altruistically and that the company’s pension fund liabilities were now twice its value. By that time, trading in shares had been suspended due to a failure to comply with regulatory requirements by April of that year.
They said: “This sale ensured continued trading for the business and continued employment of all the companies’ staff The alternative offers would have resulted in further insolvencies within the Group which would have resulted in lower realisations and increased costs”. The decision of the Insolvency Service not to disqualify directors of Cosalt from holding future office has been questioned in Parliament.
Unable to obtain funding from existing or new lenders, or by a deal with pension fund trustees, the company was put into administration in February According to Private Eye , after its collapse Ross bought the company’s assets at “knockdown prices” and recovered “far more of his money than anyone else
Jo Swinson , then a minister, said that “there was insufficient evidence of relevant misconduct for it to be in the public interest to investigate further since the issues raised are unlikely to be viewed by the Court as serious enough”.
She also said a potential criminal prosecution of the directors for failure to file accounts had been rejected. He had become involved when Cosalt was investing in the area with proposals for wind-generated energy but the collapse of that company meant that he had little in the way of involvement in local business and was having to spend more of his time elsewhere. The Ballyclare workwear division was based in Barnsley and Stockport , neither of which are in the Humber area.
This was to satisfy the Gallery’s desire to recruit “a person with senior level of financial, accounting, strategic planning and risk management skills”. Ross founded the David Ross Foundation in It believes that “every child and young person has passions and talents” and that its intention is to “help them discover their strengths by offering them a wide range of world class educational opportunities”.
As of [update] , he is a member of Nottingham University’s Council. He resigned from this position e event that led to his departure from the board of Carphone Warehouse.
Currently in , Ross is a member of the Commonwealth Games England board. Ross has a son with Michelle “Shelley” Ross, a former partner whom he did not e. The other side of that coin is a certain toxicity. In the past he has been accused of scare-mongering, xenophobia and, by some, inciting hatred.
During the referendum, a great deal of the internal politics of the Leave campaign was about limiting Farage’s visibility, so as not to frighten off swing voters. Others argue that the Leave vote needed to mobilise both undecided voters and Farage supporters to succeed. If his voters had stayed at home, the Leave vote would not have been delivered – so perhaps there were some advantages in there being two campaigns, speaking to different constituencies, with different voices.