|The ‘Sterling’ photoshoot|
The company is called Sterling Health, trading as Sterling Health Security Holdings Ltd. The company was set up in 2015 and has sister companies called Sterling Health Security Property Ltd, Sterling Health Security Operating Ltd and Sterling Health Security International Ltd, set up last year.There is something oddly familiar with all this.
In 2016, in secret session, the council’s Executive Board entered a twelve month ‘exclusivity agreement’ with Kent Neurosciences Ltd to ‘develop’ the Village.
By May last year the 12 month agreement had not been renewed and had been quietly dropped. The company subsequently dissolved itself in May 2018 with the last set of accounts showing a deficit of Â£128k. Professor Marc Clement (who is the Swansea University part of the deal, pictured above on the right) was a director until 2015. Other key directors included Mr Franz Dickmann, James Dickmann and Phyllis Holt-Dickmann, clinicians and business people.
Carmarthenshire blog, West Wales News Review took a good look at Kent Neurosciences in 2016 and there were some interesting connections, not least of all to a loss making private hospital in Kent and offshore tax havens in the British Virgin Islands. The hospital opened in 2014 but by 2016 required a Â£20m refinancing deal due to heavy losses. Most of the original directors had, by that time, moved on.
The ‘official’ reason why the 12 month Wellness Village deal with Kent Neurosciences Ltd was not renewed was that the project was SO BIG that a wider net had to be cast to incorporate a more diverse developer.
They also had to be able to come up with Â£126m to chip in to the project…
It was somewhat surprising therefore to see that Sterling Health appears to be Kent Neurosciences by another name and includes the same directors, ie the Dickmann clan. The ‘Sterling’ group of companies have yet to submit any detailed or useful accounts. However, as the council press release states, it “leads a prestigious consortium of global companies”, and searching Companies House certainly takes you down an endless rabbit warren of linked companies and directors, and the Kent connections.
A very recent addition to the list of directors of both Sterling Holdings, and Sterling Operating is none other than our old friend, former council leader and loyal rubber stamper of the chief executive’s unlawful behaviour, Meryl Gravell. Meryl has been loitering in the background ever since as Chair of the ‘Arch’ health board collaboration.
How the same company re-emerged under a different name within a myriad of companies, and the consequential lack of clarity over business track records, will probably remain a mystery, under the helpful shroud of ‘commercial confidentiality’ and all that. As will the details of the financial deal which has been struck with the council.
Clearly, as has been said before, the emphasis is on private health care, and a luxury health spa, in which the council will be investing heavily.
All quite remarkable.West Wales News Review ends its 2016 piece with another important point; “..could the Wellness Centre be a conduit for public money to flow through networks of companies into far-away entities registered in the British Virgin Islands and other tax havens?”
I would imagine that is entirely possible.
This blog is not suggesting for one moment that there is anything wrong with the arrangement, merely suggesting that it might benefit from some democratic scrutiny. Unsurprisingly there has been none at all so far, and, as ever, Carmarthenshire’s taxpayers deserve better.
|The Mark and Meryl Wellness Utopia, an artists impression…|
For previous posts on the Wellness Village and Swansea Bay City Deal please use the search box on the right hand side of this blog