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“Public Life Street Assessments”

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  1. chdot
    Admin

  2. Morningsider
    Member

    So Daniel Johnson MSP is concerned about the impact of parking charges on local businesses in Morningside. Clearly just forgot to mention that he owns 50% of the shares in Over the Counter Ltd - better known as Studio One and Paper Tiger. Easy to do - he was only the managing director up until 2016.

    Posted 6 years ago #
  3. I were right about that saddle
    Member

    @Morningsider

    He told me in 2017 that he had sold his interest in the family business so I am....mmm.

    Posted 6 years ago #
  4. Frenchy
    Member

    Still listed on his parliamentary profile, anyway: http://www.parliament.scot/msps/currentmsps/98553.aspx

    Still listed as a director here: https://beta.companieshouse.gov.uk/company/SC338463/officers

    Posted 6 years ago #
  5. chdot
    Admin

  6. Morningsider
    Member

    IWRATS - not according to the accounts lodged with Companies House on 26 April 2018. A total of 1000 shares, of which Daniel Johnson owns 500:

    https://beta.companieshouse.gov.uk/company/SC338463/filing-history

    Posted 6 years ago #
  7. Frenchy
    Member

    To be fair accurate, the family business looks to be ASPIDISTRA PROPERTY LIMITED, from which he has apparently resigned: https://beta.companieshouse.gov.uk/company/SC392885/officers

    Posted 6 years ago #
  8. crowriver
    Member

    Aspidistra Property Ltd is an interesting business. The company has been dormant since 2013, despite holding "reserves" valued at nearly £8 million in 2017, and somehow making a profit of £680,000 in the same year. I was a bit mystified as to how a "dormant" company could make such a profit without trading. A quick Googol brought up this:

    ---

    Why have a dormant company?

    3. To hold a fixed asset such as a property

    Dormant companies are often used to hold a particular types of asset.

    The main example is a freehold property or the head lease to a property, with the dormant company option used by companies who deal with flat management. For such flat management companies, a separate Residents’ Association Company will usually handle management income, expenses and legal issues, meaning that the flat management company itself should meet the conditions required of a dormant company.

    An investment holding company may be set up as a dormant company on the same basis and for much the same reason, to protect certain assets or intellectual property.

    https://www.informdirect.co.uk/business-finance/dormant-company-reasons-why/

    Posted 6 years ago #

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