Kestrel is the holding company of Swift Advances

[Doc2527]

Swift Advances

Swift Advances is a niche lending business providing secured housing loans to borrowers in the UK. Based in Essex, Kestrel is the holding company for Swift Advances.

above taken from this website

Alchemy - Deals Listed

From Wikipedia,

 

A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself, rather its only purpose is owning shares of other companies. Holding companies allow the reduction of risk for the owners and can allow the ownership and control of a number of different companies. In the U.S., 80% or more of stock, in voting and value, must be owned before tax consolidation benefits such as tax-free dividends can be claimed.[1]

Sometimes a company intended to be a pure holding company identifies itself as such by adding "Holdings" or "(Holdings)" to its name, as in Sears Holdings.

The Company as a Holding Company

Ownership of 51% of shares gives majority voting rights at an AGM and on the payment of dividends the largest share of profits. 51% gives as much control as a 100% holding.

Individuals or other organisations (e.g. pension funds, insurance companies, banks) can own shares. Unit and Investment Trust companies for example exist by owning shares of other companies.

Some companies (holding companies) may seek to own sufficient shares (51%) to control other companies. Holding companies themselves do not make goods or provide services, the companies they own with 51% will do this. The owned companies may be:

 

• Subsidiary companies
  The holding company owns more than 50% thus giving control.
  
• Associated companies
  The parent company owns 20-50%. This is a large shareholding should provide considerable ifluence (but not control) over the associated company. How much influence will depend on ownership of the other shares. Owning 49% and wanting control when a rival company has a 51% stake may be a less than appropriate strategy. Related companies as similar to Assocaited companies. They typically own fewer than 20% of shares in another company. This hlding may be held ecause good dividends may be expected or the two companies are co-operating with each other in some area of business. Small shareholdings may be held by banks or Unit or Investment Trust companies as ingredients in their portfolio of ownership.
  

Public Limited Companies

PLCs are usually holding companies. The parent or holding companyçs profits arise from the aggregate of profits from other companies it owns (its corporate portfolio). Parent companies may have a corporate head office and will employ corporate executives/managers, accountants, legal staff,and other administrators. Sears Plc, GEC Plc, Unilever, British Petroleum Plc, United Biscuits, Allied-Lyons Plc are all holding companies which control many other companies whose products and services are household names (Persil, Selfridges, Vent-axia, Dolcis, Tetley Tea)

 

Holding companies make profits and returns for their shareholders by buying, running and selling other companies. They do this via:

 

• the profits of companies they own (typically 51% control) or participate in (less than 51% - without control)
  
• acquiring other companies and selling at a profit; Such acquisition may include buying another holding company, splitting up the held companies and selling some or all of these to redeem all or part of the initial purchase cost. Some of the acquisitions may be retained in the holding company's (purchasers) portfolio.
  

Benefits of a Holding company

 

• the parent has a portfolio of market interests. A company that operates in only one market, such as hotels is subject to the economic and competitive health of that industry. A holding company spreads risk and has more opportunities. With a down-turn one of its market sectors, it can switch its interests and concentrate more on other sectors or divesting and entering other markets.
  
• Each subsidiay is separate a legal entity, they are not all absorbed in one homogenous company and any given subsidiary can be readily sold off (portfolio divestment). A holding company is a convenient structure for this.
  
• the rules of majority shareholding mean that a holding company controls by owning only 51% of shares in a subsidiary. This is a cheaper option than buying the company outright.
  
• it is difficult to control very large organisations. In a holding company, the Directors of member companies, can be given degrees of autonomy to manage their companies effectively. A holding company aids the devolving of responsibility, authority and action.
  
• with subsidiary companies maintained as distinct entities in holding companies further businesses can be acquired by merger or take-over and added to the group portfolio.
  

Annual Accounts and Accounting Rules

The preparation and presentation of the annual accounts of holding companies are defined by accounting rules and standards.

[Sparkie1723]

Sorry Doc Kestrel Holdings Ltd, are not the holding company of Swift Advances.............Swift Advances does not exist as a legitimate business entity ...it is just a trading style/name used by Swift Advances Plc...this is one of the issues that are being investigated and chased by the OFT. Swift Advances Plc cannot use a trading style or name that is not on their licence issued by the OFT.........I thought I had made that understandable..

 

Swift Advances Plc & Swift 1st Ltd are 69% owned by Kestrel Acquisitions Ltd.......who are ulimately owned by Kestrel Holdings Ltd......who are solely owned and set up by Alchemy LLP...

 

However I have thrown a spanner into the works because here is another Kestrel Holdings Ltd.:D;)

 

 

"Kestrel Holdings Ltd., a private company

100% held by Vancouver mining entrepreneur Ross Beaty"

I wondr who is going to win on this one????

 

sparkie

[pam56]

Hi Sparkie

 

Read all yr postings with great interest as have decided to go in for the kill with Swift Advances. Spoke to girl today and asked her a few random questions re Swift Legal Group/Eastern Counselling which she answered with "yes they are only depts with Swift Advances and not seperate companies" ??? I just then threw in "When did yousell my loan to Kestrel" and she spluttered and went al quiet and would have to speak to her supervisor and put me on hold. Came back with I'll have to call you back on that one! I Bet!! I was just wondering how you managed to get a copy of your 'Kestrel' printout which you posted up re double accounting. I remembered I have a friend in the greyhound world who use to work in CID Forensic Accounting so wanted him to see a copy of any Kestrel a/c I had. Thanks

Pam

[adaeze01]

Hi Pam,

I am so glad to hear that you are pursuing this. I would certainly like to understan more about the route you are taking re kestrel. I have just bought the end of year accounts and directors report fro kestrel from companies house and makes for a very interesting read. I've just lodged a complaint with the ombudsman and with the OFT. I've also made conatct with a company in the ISle of Wight called the JMP partnership who specialise in helping people with Swift. I have also set up a public facebook page called Justicewithswift and will post updates etc...It would be great if you could support that.

Thanks

[John 1963]

JMP will claim he has contacts at Swift, keep away

[adaeze01]

Ok, thanks for that. But can you explain more please? I thought they were the good guys...?