Scotslion Ltd., originated from our 1999 Argyll Group plc company structure. However, the cost of running a public limited company was prohibitively expensive back in 1999. So the directors took the matter to our shareholders and the decision was made to take that company private.
Argyll Group still exists, but as a stand-alone limited company (here). Indeed, each building rescue/renovation and job-creation project our shareholders embark upon is ring-fenced as a stand-alone limited company. This maximises the gold-standard as established by Companies House, where the shareholders of each company can see their precise shareholding (via the CS01 forms). Plus study the latest accounts.
Crucially, as we BAN all mortgages on all of our buildings within the network and work on 100% shareholder ownership of each building, the Companies House online portal shows that none of our buildings have a mortgage on them.
This is a main reason why we have been accidentally successful over the past 25 years in doing this…
^^ The New Charity Is Provisionally Named: D-PHAB ^^
Not exactly elegant, but it will be like the second charity… when you Google the acronym FOTSQM you should manage to find the Friends of TS Queen Mary charity website fairly soon on the internet (in amongst a LOT of “Queen Mary” hospitals, universities and public amenity buildings of the same name).
So our logic with the new D-PHAB charity is to establish a relatively easy to remember acronym and utilise that as a fast-track way to locate what we hope will soon be our third charity (as per the long-hand version…
Disabled-People Help Able Bodied
D-PHAB
That is an accurate summation of what happened in 1999 when a director, injured to the point of requiring multiple spinal surgeries, chose to continue working. Albeit in a way that did require “reasonable adaptations.”
The irony is that the director lost his job as a police officer due to becoming disabled nd a particularly harsh Human Resources staff member at Strathclyde Police in Pitt Street, Glasgow indicated the disabled police officer: “best get used to a comfortable life on disability benefits, watching the new daytime television.”
The reply to that person, by the retiring police officer was typically Glaswegian…
“Aye right”
Politely translated as: “thanks, but no thanks.”
The irony being that an “unemployable” disabled person has, with the help of many very good friends, bee able to create over 203 jobs in the following 25 year period.
A life was not wasted being disabled. As our shareholder who added up the large bundle of Land Registry title-deeds and various projects, summarised above put it in the “I Shall Use My Time” quote above… Quite the opposite.
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This lead us to our protocol of FULL TRANSPARENCY (especially as several shareholders have asked if we can go public (plc) again and openness is an important element to the Financial Services authority.
Without further ado, here are the accounts of our PROJECT MANAGING company…
Scotslion Ltd
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the de was previously a dur group company
