Tuesday 29 June 2021

CAP payments to Scottish Borders fell by £6.4 million last year

EXCLUSIVE by LESTER CROSS

Research by Not Just Sheep & Rugby shows the value of Common Agricultural Policy [CAP] subsidies and payments to hundreds of businesses and organisations in mainly rural areas of the Scottish Borders fell by a significant 9.28 per cent between 2019 and 2020.

The combined loss of £6.409 million in CAP support (down from £69,051,228 to £62,641,292) in seventeen postcode areas from rural Peeblesshire across the region to Berwick and North Northumberland will be significant - particularly in more remote communities with fragile micro economies - unless the losses have been substituted from other sources.

According to statistics available on the UK Government's DEFRA website few areas experienced an increase in payments apart from TD13 (Cockburnspath), TD14 (Eyemouth), and TD15 (Berwick-upon-Tweed).

The fall in CAP monetary values was particularly marked in localities such as Hawick and Newcastleton (TD9), Selkirk (TD7) and Kelso (TD5).

These sets of data for the Scottish Borders follow warnings that the agricultural industries in the devolved administrations stand to lose most as a result of Brexit and the phasing out of EU payment schemes.

Fergus Ewing, Scotland’s former cabinet secretary for the rural economy, warned in January that Scottish farmers would lose out to the tune of £170 million between now and 2025, compared with the subsidies they could have expected under the EU’s common agricultural policy, which provided some £3 billion a year across the UK.

“Major cuts have been imposed on all the devolved administrations without consultation,” he said. “This is not what farmers and crofters were promised if they were to vote for Brexit.”

Mr Ewing also raised concerns about the UK government’s switch post-Brexit to a system of 'public money for public goods', under which farmers will be paid in future for protecting the countryside, planting trees, nurturing wildlife habitats and taking measures to prevent flooding.

Speaking at the annual Oxford Farming Conference, Mr Ewing declared: “I think the Treasury is intent on removing payments for farmers under the guise of having environmental payments. Unless this is looked at again, we will see the demise of payments over time. I do not think this is a cynical view, it is already happening.”

But in a letter to Andrew McCornick, president of the National Farmers' Union of Scotland, UK Minister David Duguid wrote: "I have been disappointed to read in the media recent comments on funding for Scottish farming. I want to reassure you that claims that £170 million will be cut from Scottish farming support are simply incorrect and that Scotland’s farmers will have far greater security in this coming year than they would have had inside the EU.

Mr Duguid claimed that in 2019, the UK Government made a commitment to match the current annual budget to farmers in every year of this Parliament. In 2019, Scotland’s farming community received almost £595 million in total farm support. In 2021/22, Scotland would receive a little over £24 million in outstanding EU funds, and just over £570 million in new Exchequer funding, totalling almost £595 million.

He added: "CAP funding is likely to be cut by around 10% for the coming funding period. For Scotland, this would have amounted to an annual loss of almost £60 million. Within the EU, Scotland and the rest of the UK had too little say in how farming payments were distributed to our farmers. Farmers, consumers and taxpayers will benefit from closing the door on the CAP."

Some of the main beneficiaries from CAP payments in the Borders have been the large country estates such as Roxburghe Estates and Buccleuch Estates.

In 2019 the Roxburghe farming enterprise Floors Farming received £728,444 from EU sources, a figure which fell to £655,304 in 2020. These payments included money for areas facing specific constraints (£115,567 in 2019 and £88,584 the following year) and agri-environment/climate money (£65,060 for the EU year 2019 followed by  £24,509 last year).

Bowhill Farming, the Buccleuch Estates agricultural enterprise had CAP payments totalling £1,332,734 for 2019, and £801,088 in 2020. The breakdown included £262,255 in 2019 for areas facing specific constraints (£116,227 the following year); £437,775 for investment in forestry during 2019 (£57,411 in 2020) and a slightly increased amount in 2020 for environment/climate benefits of £164,067 (£160,624 in 2019).

The total 2020 payments for each Borders postcode area with 2019 figures in brackets were:

TD1 (Galashiels) - £3,941,107 (£4,558,165); TD2 (Lauder) - £2,308,278 (£2,461,055); TD3 (Gordon) - £2,291,924 (£2,391,271); TD4 (Earlston) - £1,532,730 (£1,785,336); TD5 (Kelso) - £9,574,778 (£10,438,455); TD6 (Melrose) - £3,046,870 (£3,116,329).

TD7 (Selkirk) - £4,054,515 (£5,757,271); TD8 (Jedburgh) - £4,641,180 (£4,949,195); TD9 (Hawick/Newcastleton) - £7,587,599 (£8,731,630); TD10 (Greenlaw) - £1,937,615 (£2,088,425); TD11 (Duns) - £6,882,439 (£7,914,821).

TD12 (Coldstream) - £818,592 (£1,004,180); TD 13 (Cockburnspath) - £842,612 (£730,728); TD14 (Eyemouth) - £2,074,527 (£2,034,835); TD15 (Berwick-upon-Tweed) - £6,406,052 (£5,762,629); EH45 (Peebles) - £2,754,271 (£3,187,163; EH46 (Peeblesshire) - £1,946,203 (£2,089,750).


Friday 25 June 2021

Councillors' and staffing costs revealed in accounts

by EWAN LAMB

The 34 elected members who sit on Scottish Borders Council received remunerations and allowances totalling £687,000 in the financial year 2020/21, according to the authority's newly published annual accounts (unaudited).

So-called 'senior' councillors holding positions of responsibility within the council set-up accounted for £291,364 of that expenditure while SBC's leader Shona Haslam (Conservative) received £35,713 (up from £34,944 in 2019/20. At the same time David Parker (Independent), the council convener was paid £26,785 (£26,208).

The remuneration report for staff shows 261 SBC employees had annual salaries in excess of £50,000 compared to 262 in the previous financial year.

Former chief executive Tracey Logan who left the authority during last year had a pension entitlement of £52,783 plus a lump sum of £80,000. Her full year equivalent salary in 2020/21 would have been £134,397, the accounts document shows.

A month after leaving the council Ms Logan became the sole director of a newly formed company, TM Logan Consultancy Ltd with a registered office in rural Peeblesshire. According to Companies House records the nature of business of the consultancy is "other professional, scientific and technical activities not elsewhere classified".

In her foreword to the accounts Mrs Haslam recognises Ms Logan's work during her time at SBC. The council leader writes: "The former Chief Executive of the Council, Tracey Logan, retired in September 2020 having led the Council since 2011. I’d like to take this opportunity to thank Tracey for her dedication to the Council and to welcome our new Chief Executive, Netta Meadows who joined us in March [2021].

The accounts reveal that Ms Meadows' full year equivalent salary would be £128,405. 

The section on remuneration also states: "John Curry took up the role of service director Assets and Infrastructure on September 14th 2020. However, he is paid as a consultant and not as an employee of Scottish Borders Council and is therefore not included in the report".

The latest headcount for the council shows employee numbers totalling 4,992 - 1,295 males and 3,697 females. There are 2,586 full time staff members and 2,406 part-timers. 

An age profile appears to show 61% of the workforce are aged 45 or over with only 4.6% in the 15-24 age bracket.

Since 2017 all public authorities have been obliged to publish details of Trade Union Facility Time. In SBC's case the 2020/21 entry shows 25 staff members are union representatives.

Twenty of them spent between 1% and 50% of their time at work on union duties, two were representing union members for between 51% and 99% of working time while three employees are full time union officials. The percentage of the total council wage bill spent on union facility time is given as 0.096%.


Thursday 24 June 2021

Borders Council to borrow £35 million this year say annual accounts

 by DOUGLAS SHEPHERD

Scottish Borders Council's financial plans for this year include borrowing £35 million which will help to fund £87.4 million of expenditure, including investment in new schools and care homes. And over the next decade the local authority will invest £580 million, £258 million of that to be bankrolled by borrowing, according to figures contained in unaudited accounts for 2020/21.

The 122-page document is available on the council's website among the papers for next week's meeting of the Audit & Scrutiny Committee. Once the accounts have been approved by councillors they will be the subject of public consultation when objection can be taken to the contents.

Despite the tight monetary regime it operates under SBC still managed an underspend of more than £2 million during the last financial year, and received significant extra financial assistance from the Scottish Government to help it fight Covid-19.

In a foreword to the accounts SBC's leader Councillor Shona Haslam says that during 2020/21 the authority continued to deliver vital Council services during the COVID-19 pandemic in very challenging circumstances. Over £12m savings were delivered to transform frontline services with a range of improvements.

According to Mrs Haslam: "The COVID-19 pandemic has caused a major impact on delivery of public services during 2020/21, with ongoing impacts on a number of Council Services. Despite this extremely challenging operating environment the Council achieved the following during 2020/21: Delivered a responsive approach to supporting communities, businesses and vulnerable individuals through the COVID-19 pandemic.

"The Council administered over £52m of grants to local businesses, established five community assistance hubs and accelerated roll out of Inspire Learning to support home learning during lockdown. Extension of the CGI contract to 2040; Achieved £12.1m of Financial Plan savings, £7.9m of which were on a permanent basis; Delivered a net underspend of £2.516m from a revenue budget of £278.4m; Delivered new investment in assets for the Borders of £54.8m in schools, flood protection, roads, lighting and other assets." 

She adds that the next year presents many opportunities and challenges for the Council including: the ongoing response and recovery from COVID-19; the continued delivery of the Council’s transformation programme; delivery of IT transformation; South of Scotland Enterprise and the wider Regional Economic Partnership including Borderlands; National review of Social Care.

A management commentary by David Robertson, executive director Finance & Regulatory, states: "Covid-19 - The Council has received significant support from Scottish Government to maintain public services during the pandemic. The Council administered over £70m (£52m in 2020/21) of business grants to support 5,770 local business through the COVID-19 pandemic.

"IT transformation - The Council extended its strategic partnership with CGI in September 2020 with the aim of delivering significant IT and financial benefits to the Borders over the next 20 years. In doing so the Council aims to become a Smart Rural Region.

"Fit For 2024 - The current COVID-19 pandemic will have a fundamental impact on the way the Council is organised and delivers services going forward with the Fit for 2024 programme instrumental in ensuring the Council builds on all transformational benefits the pandemic presents including digital advancements."

In a section headed Financial Plans Mr Robertson points out that since 2013/14, and to date, permanent savings of £63m have been delivered in a planned manner. Despite the resource challenges facing the Council and wider public services, the approach to financial planning has so far delivered balanced budgets and small underspends in each year.

The accounts show the Council’s outstanding external debt as at 31 March 2021 was £221m, with no additional long term borrowing undertaken during the year. Short term borrowing for cash flow purposes was undertaken during the 2020/21 year with £15m outstanding at the year end. The average rate of interest paid on outstanding external debt was 4.33%.

And as at 31 March 2021 the total usable reserves balance is £47.7m (£29.9m at 31 March 2020) a net increase of £17.8m during the year.

"Future financial plans 2021/22 - £87.4m investment, including investment in new schools and care homes, funded by £35m borrowing in 2021/22. £580.1m investment over next 10 years, of which £258m funded by borrowing."

The commentary concludes: "The challenges posed by COVID-19, reducing Scottish Government funding and cost pressures from pay and price inflation all continue to affect the Council’s finances. The Council’s transformation programme remains the key focus of activity in balancing pressures with available resources. The Council, despite ongoing challenges, has met the aims of its Financial Strategy and again delivered its planned services within budget with significant investment in new and improved facilities. Scottish Borders Council remains financially sound and well placed to serve the people of the Scottish Borders in the future."

Notes to the accounts reveal that the three secondary schools in Earlston, Eyemouth and Duns, delivered via the controversial PPP system in 2006 will cost SBC and its taxpayers £13.944 million in 2021/22 made up of £5.722 million for services, £5.021 million in reimbursement of capital expenditure and £3.202 million in interest charges. Total payments linked to the schools' provision is stated as £318.571 million.

The interest paid on loans from the Public Works Loans Board and from other sources came to £11.693 million (£12.350 million in 2019/20).

 


Tuesday 22 June 2021

Forum's 'end of the pier show' as chairman departs

by DOUG COLLIE

The hundreds of shareholders in the Avocet and Gennfros 'disruptive technology' businesses have been told their company chairman and life president Martin Frost is now working for the mysterious Parachute Holdings (PCH) with other radical changes planned at the top of the group's structure, including Mr Frost's departure from directorships at Avocet.

Meanwhile a set of photographs has been posted on the Avocet Shareholders Independent Forum purporting to show a dilapidated pier and jetty on the shores of Loch Lomond which was purchased by the directors of an Avocet subsidiary for £200,000 in 2017 together with a narrow strip of land.

It is claimed on the Forum that the property in question changed hands for just £1,000 in 2012.

News of the managerial shake-up in the boardrooms of Avocet and Gennfros has been distributed in a document sent out by PCH's "Tim Carter" although so far frustrated investors appear to have been able to track down the multi-million pound global organisation or its senior staff members. Mr Carter has no designated job title, and there are no contact numbers for PCH.

In a long list of bullet points 'Mr Carter' tells readers: "Pleased to advise that Martin Frost is now working for PCH; Loch Lomond Heritage Limited and Martin Frost will cease to be directors of Avocet & Gennfros companies by June end; Due to ill health Mrs. Eirlys Lloyd’s company [sic] will shortly cease to be company secretary of any Avocet or Gennfros company.

"The registered office of any Avocet or Gennfros company shall soon be changed from Palace Street, Berwick-upon-Tweed; Dr. Bob Jennings (like Mr Frost a Gennfros life president) is being asked to lead Gennfros Limited’ R & D unit."

Carter then goes on to outline plans for the group's patent and intellectual property.

He says: "The old AFS patents along with pertinent trademarks shall be sold out of Avocet IP Limited.
The remaining intellectual property within Avocet IP Limited is to be independently valued with the probable assistance of the inventors Dr. Bob Jennings and Dr. Glyn Short – such valuation will then be used as the bottom purchase guideline for the sale of the Avocet IP Limited company to Gennfros Limited.

"The existing Gennfros intellectual property is to be valued as at June 2021. PCH is in discussions to commission further provisional Gennfros patents. In short there is good reason to believe that up to 50 more patents for Gennfros will be in commission by July."

According to Carter, PCH is seeking to call a Gennfros AGM for August 2021. Amongst other matters at this AGM PCH will be seeking to amend Gennfros Limited’s company articles so as to: Increase Gennfros’s issued share capital by a further 50 million ordinary shares; Grant PCH the right to convert Gennfros loan capital at the rate of £6 per one new ordinary share

"Additional non-legal matters to be considered at this AGM: Remuneration packages of senior staff; the appointment of independent company legal advisors; Confirmation of the appointment of auditors; NDAs [Non Disclosure Agreements] and company secrecy".

And finally it is announced that Mr Frost will lead company publicity including a new website which will go online on June 30th 2021. Each trusted Gennfros shareholder will receive a protected password for the private web section by June 28th 2021.

Commenting on the correspondence "From the desk of Tim Carter", a business expert and shareholder told us: "Tim Carter has impressive credentials – an MBA and a PhD. Individuals of this calibre can almost always be found by tracking their publication history. You do not obtain a PhD without publishing. Yet, despite extensive searching, I cannot find even one academic publication or journal where he is cited? Very strange".



Sunday 20 June 2021

Anti-vaxxers? Hardly a new phenomenon

 DOUGLAS SHEPHERD on how 18th Century Scottish medics faced 'the wrath of God' in their battle against small pox

Recent surveys have suggested that one in six Scots were unlikely to agree to being vaccinated against Covid 19,with many of them influenced by strident posts on social media and a flood of misleading and false information to be found on countless web sites.

It has been difficult for politicians, Government scientists and medical staff to persuade these doubters that the benefits of the vaccines far outweigh the risks and disadvantages.

But the battle to win hearts and minds in 2021 is nothing compared to the widespread hostility and abuse faced by the inoculators who were attempting to turn back an eighteenth century tide of small pox which was claiming the lives of millions across the continent of Europe.

By the year 1760 small pox was so common that in some locations up to 96,000 people in every 100,000 had been exposed to the disease. One in every three or four children who suffered the terrible affliction did not survive. More than a third of the deaths of Scottish boys and girls under the age of 10 was down to the dreaded pox.

In such circumstances surely the arrival of a medical procedure offering a much better chance of survival would be welcomed by parents desperately hoping and praying their children would survive and recover.

A paper written by Alexander Monro, surgeon and anatomist and Foundation Professor at the University of Edinburgh described how the first place in Scotland where the practice of inoculation became frequent was Dumfries, a town where "the natural small pox were generally of a remarkably bad malignant kind" The pioneering attempts at protection began there in 1733.

Inoculation involved making a small incision on a patient’s limbs and then introducing material from the pus of the pock of another patient with a minor form of the disease to the open incision. This allowed the patient to become infected with a minor and more controlled form of small pox and thereby develop immunity from the disease for life.

But just like Covid injections there could be complications and side effects for a small minority of recipients, and on occasion the patient would die as a result of inoculation.

In 1764 Monro was appointed to inquire into the advantages and drawbacks of small pox inoculation by the Dean and delegates of the Faculty of Medicine at Paris. His very detailed report, An Account of the Inoculation of Smallpox in Scotland, became a prime reference source for future generations of doctors and historians.

The professor told the French faculty: "The first and most general prejudice against inoculation, was its being deemed a tempting of God's providence, and therefore a heinous crime; for it was creating a disease by which children's lives might be in danger. The greater number of the gentry, and most of the medical gentlemen, see the latter scruple, or neglecting what they think proper means, in the strongest light, and have their children inoculated; but the former one, the tempting of Providence, weighs more among many of the populace, who will not allow the small pox to be artificially implanted."

Monro argued that if it was true a much greater number lost their lives by the natural than by the artificial infection, it was better to introduce the small pox artificially than to allow the disease to "destroy multitudes".

On a comparison of those who had died of inoculated small pox with those who had fallen victim to the disease in the natural way, it was evident there was a much greater proportion of the latter than of the former. In other words, an 18th Century parallel of today's pros and cons surrounding Covid vaccination.

Research carried out by Monro proved that of 5,554 people inoculated with small pox 72 died. A table of statistics shows that in Dumfries 560 residents were inoculated and nine died as a result of the intervention. The returns from Monro's correspondents also revealed the following numbers: Edinburgh & Leith 703 inoculations (10 deaths); Glasgow 970 (seven) and the Scottish Borders burghs 130 (one death in Kelso).

The strength of feeling against inoculation among the God-fearing Scottish masses is graphically illustrated in a  PhD thesis for the Open University, written in 1977 by Alfred Derek Farr and entitled  Medical Developments and Religious Belief with Special Reference to Europe in the 18th and 19th Centuries.

Mr Farr, who trawled through hundreds of church records for his material wrote: "In Scotland, with its Calvinist traditions of the supreme sovereignty of God and the supreme authority of the scriptures, resistance might have been expected to the introduction of inoculation and, in contrast to England, there is indeed clear evidence of widespread opposition to inoculation surviving at least until the end of the 18th century."

He found evidence that apparently none of the Church of Scotland ministers in more than 800 parishes were opposed to inoculation even though, in some cases, the vast majority of their parishioners were steadfastly against the practice.

The Farr thesis includes the following passage: "The reasons for not accepting inoculation were twofold: Most objections were made on religious grounds. These were well expressed by the minister of. Dron (Perthshire) as 'A superstitious dread of acting contrary to the will of heaven, by introducing disease' into the human frame, not inflicted by the immediate hand of Providence'. 

"The minister of Auldearn (Nairnshire) was even more blunt and specific, noting that "the people are in general averse to inoculation, from the general gloominess of their faith, which teaches them, that all diseases which afflict the human frame are instances of the Divine interposition, for the punishment of sin; any interference, therefore, on their part, they deem an usurpation of the prerogative of the Almighty. Such views were, of course, in conformity with the Calvinist teaching of the sovereignty of God. In Tough (Aberdeenshire) 'so violent were the prejudices of the people, that, it is said, some of them declared, if the inoculated children had died, they would have considered it as a just dispensation of Providence'".

Farr discovered  from Kirk documents that other considerations than religion also applied, for it was noted that inoculation, was not practised as widely as it might be from reasons of expense. 

So far as the cost of inoculation was concerned, at this time, in Aberdeen, a labourer earned only 10d a day, while a skilled carpenter or mason earned ls. 6d.a day and a female servant's wages for a half-year were £1.10s.

As Farr observed: "With beef at 4d. per lb and cheese at 5s. a stone, few ordinary people would have had even a crown (5s. = 25p. ) available to pay the surgeon. For this reason, as well as that of the relatively few medical practitioners available in many country areas, many ministers practised inoculation themselves gratis, and one clergyman even suggested that divinity students should be instructed 'in the art' of inoculation as part of their training. 

There were initiatives in some areas aimed at circumventing the costs associated with inoculation.

"At Towie (Aberdeenshire) 'the minister recommended from the pulpit a general inoculation throughout the parish, and as an encouragement to the poorer sort, added that no fees to the surgeon would be expected from them who could not afford the expense. In consequence of which, all the children, and young people, some of them 20 years of age and upwards, who had not formerly had the small-pox, were inoculated at once"

The 1977 thesis by Farr also cites the clan system of 18th century Scotland as a factor for the presence of so many inoculation deniers in society.

He concluded: "A further reason may well lie in the Scottish character and traditions. The ancient clan system bred a feeling of loyalty to the clan and its chief which far outstripped that offered to central government. Together with the traditional independence of the Scottish character this led to a situation in which any central authority had difficulty in imposing its will in Scotland.

"It is very possible that these factors had much to do both with the ready acceptance of the Calvinist reformation in religion and the general opposition to inoculation in Scotland: both shows of independence against a remote central authority - the church of Rome in the one case and the corporate attitude of the British medical profession in the other." 

But Farr notes that the clan system was 'broken' with the failure of the 1745 rising and it is possibly significant that it was after that time strict Scottish Calvinism drifted towards 'moderatism', and Scottish opposition to inoculation melted away, as the country came under the sway of central authorities which were, for the first time, free of' the constraining influence of the independent clan chiefs.

So almost 300 years ago with not a derogatory Facebook post or a negative Tweet in sight to hinder them the brave physicians who ventured out into the community to inoculate their patients with pox pus faced a much more powerful adversary than social media...the contemporary fear of the wrath of God.


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Wednesday 16 June 2021

'Blanket' forestry threatens southern Scotland landscapes

by EWAN LAMB

Large scale coniferous forestry planting backed by financial incentives in the shape of public grants is altering the landscape in many areas of the South of Scotland without proper consideration for the impacts on local communities, according to a report from the Southern Upland Partnership (SUP).

A so-called position statement from SUP explains there is currently a major and rapid shift in land use taking place across Southern Scotland. This is being driven by a combination of public grant, economics and assumed environmental benefits. 

The report says: "We believe this change is not being as carefully considered as it should be. We risk losing a range of habitats, species and opportunities for a more diverse pattern of land use that might improve community and environmental resilience.

"In the South of Scotland, we are concerned that the mixing of the terms forest and woodland is misleading because of the huge extent of planation forest and the much more limited extent of more diverse woodland."

SUP concedes that forest and woodland expansion is in general a good thing because it will help  address the climate and biodiversity crises, and the Government should be supporting forest and woodland expansion (and restoration) through support, advice and funding. However, care must be taken to ensure that other valuable habitats (and cultural sites) are not lost as a result of poorly planned tree planting.

The report points out that the South of Scotland already has a lot of tree cover. In 2014 Dumfries & Galloway already had 31% tree cover and the Scottish Borders had 18.5%. The average for South Scotland is now thought to be 25% (2019 figure) compared to the average across Scotland of approximately 18% of the land classed as forest and woodland”.

"South Scotland is attractive for forestry investment because of the good transport links and proximity of processing plants (especially in D&G and Ayrshire). In 2019, coniferous forest made up approximately 75% of all woodland in South Scotland (and some 60% of the stocked area was Sitka Spruce). 50% of recent planting (2020) across Scotland has been of coniferous species while in South Scotland the figure is significantly higher at 88%.

"There is a real concern that South Scotland is taking more than its’ share of new tree-cover. In addition, disproportionately more of the planting is coniferous forest and much less of the planting is woodland compared to other parts of Scotland. This is evident from the recent statistics for 2020/21 and continuing a long term trend in South Scotland. There are also concerns that the drive to meet planting targets is pushing forestry onto sites which are not suitable eg peatlands (where the climate benefits are questionable) and species-rich habitats (where there is likely to be a net-loss of biodiversity)."

In the Partnership's opinion further afforestation should not be considered without wider stakeholder and community consultation. 

The report claims: "There is currently, within the region, considerable anti-forestry feeling. Consultation exercises will therefore need to seek to show how land use change can be integrated with other land uses and demonstrate that the proposals can deliver significant local and regional benefits. 

"Loss of farming families, loss of open ground, loss of biodiversity, loss of archaeology and cultural heritage, more monotonous landscapes and increased timber movements along poorly maintained roads and through small towns and villages are all regularly blamed on forestry. We suggest more could be done to done to increase the benefits to local communities (as is done when wind farms are developed).

And SUP says the loss of cultural sites and archaeological landscapes has been one of the most damaging consequences of forestry in recent years. These are often unrecognised at the time and their significance unrecorded. 

"The South of Scotland landscape is particularly rich in these. Walk-over surveys prior to planting are therefore essential if this history is not to be lost. While guidance suggests this should be done,  there are concerns that it is not always undertaken. Expansion of forest and woodlands needs to take account of and protect the historic environment and its setting which can be lost forever once an area is afforested."


Tuesday 15 June 2021

South of Scotland's economic ills addressed in new report

by DOUGLAS SHEPHERD

A daunting list of issues and challenges ranging from obesity to low wages have been highlighted in a draft Regional Economic Strategy [RES] for the South of Scotland where investment on a massive scale will be required if the region is to catch up with the rest of the country.

The document covering the local government areas of Scottish Borders and Dumfries & Galloway acknowledges that the south has an ageing, declining population which is putting pressure on services and labour supply.

There is a comparatively small and shrinking working age population; the region has the highest dependency ratio in Scotland (over 70%); and 39,000 job openings are forecast from 2019-2029. 

According to the authors of the RES: "Our economy is changing, creating the need for investment in people, skills and infrastructure · Greatest job losses seen in: Mining and Quarrying (-50%); Public Administration and Defence; Compulsory Social Security (-33%); Financial and Insurance Activities (-20%); and Manufacturing (-14%) · Manufacturing expected to lose up to 1,800 jobs by 2029.

"Some of our jobs pay poorly, are insecure and are limiting standards of living for people across the South of Scotland · Median annual wages are around £3,000 less than Scotland; 9% more people earn below the living wage in the region, versus the Scottish average · Out-commuters earn more than those working in the region; Gender pay gap four times greater than Scottish average in parts of the region."

The economic plight of the South of Scotland is exacerbated because local businesses are not investing enough in research and innovation and fewer new/start-up businesses are being created. The statistics show a mere £60 per head of business expenditure was devoted to research and development in the region in 2019, compared to a Scottish average of £258 per head.

The draft report claims: "Infrastructure deficits are holding back growth, inclusivity and reducing our region’s attractiveness · Lack of full fibre broadband and mobile coverage in rural areas is leaving the region exposed to a growing digital divide · Rates of new home building lag Scottish trends by a considerable margin · Public transit a barrier to accessing jobs, services and education.

"We are falling behind others in terms of productivity, reducing opportunities for shared prosperity. Regional GVA per head ~£6,000 lower than national average · GVA per job in region was 70% of the national figure in 2019 · Human Health and Social Care by far the largest sector but generated third highest total GVA in 2018".

The region has some areas of high deprivation which are limiting mobility, health and economic participation.

"Burnfoot, Langlee, Lochside and Lincluden are amongst the 20% most deprived areas in Scotland · 69% of people are overweight or obese – 4% higher than the national average · 46% of people in the region report long-term illnesses."

And young people are less likely to attain higher level skills, harming growth and accentuating skills gaps. Seven per cent fewer people hold a degree level qualification in the region versus the Scottish average · The employer and workforce skills gap has been growing · There is evidence of skills underutilisation in local jobs, meaning skills are not being put to their most effective use.

The measures to be deployed in a bid to turn round the economic fortunes of the region are outlined in some detail.

The strategy report says: "With a 10-year timeframe, the RES targets a significant shift in the region’s economic performance, its outward profile, and the way by which wealth is created by and shared amongst people. It also seeks to draw a renewed focus on the region’s exceptional quality of life and natural capital, to attract a new generation of resident, worker, learner, visitor and investor to the South of Scotland. 

"Throughout, we therefore emphasise the importance of supporting change, whilst retaining the essence of what makes the South of Scotland truly special. Key to our new strategic impetus is the ability to take control, make decisions locally and speak with a unified voice on behalf of the South of Scotland. 

"With the backing of both the Scottish and UK Governments, the region has an exciting platform from which to do more and go further – at the heart of this are the Regional Economic Partnership (REP), Dumfries and Galloway and Scottish Borders local authorities and South of Scotland Enterprise (SOSE). Never has there been such momentum, coupled with the ability to seize control of regional agendas, reflecting, and responding to the issues that are most important to local people, communities, and businesses."

In a reference to the need to improve workforce skills the document comments: "Skills and training will be open and accessible to all, physically, financially and virtually, unlocking job prospects, encouraging economic participation, driving career progression and making sure people’s skills are aligned with the needs of our economy."

Sunday 13 June 2021

Council challenged again on Tweedbank financial viability

by DOUG COLLIE

A planning consultant has renewed his claim that the failure of Scottish Borders Council to produce development costs for a multi-million pound extension of Tweedbank village will leave the local authority's planning guidance for the project open to legal challenge.

But council officials have refuted the case advanced by David Bell, who represents MPL, a company which owns salmon fishing rights on the River Tweed right next to the planned housing and commercial developments.

Mr Bell was among those who lodged submissions during the consultation process before councillors finally approve the so-called Supplementary Planning Guidance (SPG) relating to the development of land on the Lowood Estate, acquired by the council at a cost, including fees, of £11 million.

A summary of the submissions is included among the papers for this Thursday's council meeting when Tweedbank's extension, including a proposal for 300 extra houses, is on the agenda.

Mr Bell told planning officers in his document on behalf of MPL that a key principle of masterplanning was an iterative process which involved an understanding of development costs and wide ranging deliverability issues together with an understanding of financial returns that could flow from completed development – all aimed at ensuring development viability in commercial terms.

"Until such time as the Council decide what scale of housing and mixed use development on the site is commercially viable, it cannot begin to properly plan the net developable areas. As part of this a detailed assessment would be needed to be carried out to establish the associated costs of the delivery of the required level of supporting infrastructure including access roads, vehicular over-bridges, education provision, healthcare, waste, water and drainage etc.

"It will be critical therefore for the housing market information and the associated infrastructure costings to inform the draft SPG and the various points listed above in terms of housing density, broad specification, phasing etc. The importance of this approach is set out in Government guidance."

On that specific point the council planners say there remains significant work to be undertaken that would include commencing the formal planning process to adopt the masterplan as Supplemental Planning Guidance, developing a communications and branding strategy which would attract private sector investment through an agreed delivery mechanism, development of business cases for individual projects as they come forward, analysis of risk and detailed costed proposals for the comprehensive development of the area. The conclusion is: "No action required" on Mr Bell's claim.

The consultant goes on to state: "My client’s view still stands, that the process of developing the SPG cannot be properly started until this viability issue has been satisfactorily addressed. Despite the requirements set out in the Brief set by SBC, namely that the development proposals be realistic and deliverable and that detail be provided on phasing and in particular that phasing for development should take into account infrastructure issues and indeed that clear guidance should be provided “on delivery mechanisms for the development of the site”, it would seem that these aspects have been entirely ignored. The draft SPG is silent on them and the consultants have made no reference whatsoever to these matters having been taken into account in drawing up the new layout guidance in the draft SPG."

However, that thread of Mr Bell's argument is also rejected with a 'No further action required' tag.

"Issues relating to viability are not a matter for the SPG to address. The contributor has been contacted separately by the Council’s Legal/Project Management teams on this matter. The Design Guide sets out an anticipated phasing plan for the development."
In conclusion, Mr Bell warned: "If these matters are not addressed, then the legal advice MPL has obtained is that the process of preparing detailed planning guidance that the Council has embarked upon is fundamentally flawed, thereby rendering any future decision on the part of the Council to adopt the SPG based on this current approach being open to challenge in the courts. I would be grateful if you could please confirm how the Council proposes to address the matters set out above in the final SPG.

In a short response the SBC document says: "The Council would refute this statement. No further action required".

The draft SPG also attracted a submission from Edinburgh architects Benjamin Tindall.

Tindall's comments include: "The site at Lowood is so exceptional that it demands a special and inspiring response. The opportunities afforded by the site being owned by SBC gives the rare chance of the committed long term owner participation that is the key to all successful new settlements.

"Vision? - This document is no ‘vision’, it is more a gathering together of standard policy documents with some added landscape analysis. A ‘vision’ needs to be inspiring and drive forward a reality on the ground. A ‘vision’ is something that applies to the future, which will now so obviously be different from today. The pre-existing policies will produce the same results as can be seen today."

But the council mounts a strong defence of the consultation document.

It says: "Page 26 of the Draft SPG sets out a clear development vision for the site along with strategic objectives for the development of the site.

"The development vision states ‘The Lowood site provides a unique opportunity to support the sustainable expansion of Tweedbank with a range of historical, cultural and environmental assets to create a distinct sense of place. These important assets will be safeguarded and enhanced, encouraging their recreational use and enjoyment by the local community and visitors. The integrated and expanded settlement of Tweedbank will be a social, well-connected community which people will aspire to live in and visit."

Parachute for Mr Frost

by LESTER CROSS

Avocet chairman and Gennfros life president Martin Frost will give up all of his management roles in both businesses by the end of June, according to 'confidential' information provided to shareholders by a representative of Parachute Holdings, a mystery company with no office address or contact numbers.

The document from a "Tim Carter M.B.A, PhD" reveals that Mr Frost, head of a raft of Avocet companies for seven years, has accepted a position with Parachute Holdings (PCH). Meanwhile Dr Bob Jennings, his fellow executive director in an operation yet to market a single product is also to be offered a contract.

In what has become a fast moving and at times incredible saga some long suffering shareholders are blamed for delays in the receipt of offers for their holdings.

Carter writes: "The delay and manner in making offers to some shareholders is not the fault of PCH but one of your own making. Despite all reason, Gennfros shareholders were still registering changes of mind as late as 10 am this morning (the message is dated June 10th).

"This lax attitude will not be countenanced by PCH who are now in the driving seat of the private company Gennfros Ltd.. PCH's purpose is to trade Gennfros Ltd. PCH has access to its own funds, consequently PCH has no need for further equity or loans from third parties.

"PCH will develop Gennfros for mankind's benefit. PCH hopes that many of you will take up its generous offers. Those that remain will be well impressed by PCH's forward drive and blunt approach. But those of you who have reservations please just take our offers and GO".

Then, in a 'Dear Friend' email Carter tells shareholders his name is Tim, and his instructions are to establish a London office from which his bosses will develop a "merchant adventures emporium".

A puzzled shareholder commented: "As far as I know an emporium is a large retail store selling a wide variety of goods. They often have their own concierge and themed fitting rooms, a far cry from Avocet's 'jet to air' fuel we're used to hearing about".

Carter claims his employers have a duty to assist Martin Frost and Dr 'Bob' Jennings and "rebuild the brilliant Avocet concepts. Our motivation to Avocet and Gennfros is a duty, no more, no less".

A highly unusual arrangement for the purchase of shares in Omega Infinite PLC (currently in compulsory liquidation) and Gennfros is then outlined in the newsletter.

According to Carter: "I advise you that PCH are purchasing Omega Infinite PLC shares at one British penny per share plus a 50% entitlement to the litigation proceeds thereupon recovered. PCH has already purchased 50% of Omega shares. July 1st is deemed settlement day".

So far as Gennfros is concerned, Carter says that via the four companies comprising PCH...we could find no mention of them on company lists for several countries, including the UK and the USA...PCH has acquired four million fully paid Gennfros Ltd. shares from Loch Lomond Heritage (a company owned and controlled by the Frost family) at a price of £3 per ordinary share.

"You are offered £3 for your paid up Gennfros share, conditional that one British penny is immediately paid, that a further £1.49 is paid when a further 15 valid patents are provisioned to Gennfros, followed by a further £1.50 when an additional 15 valid patents are provisioned to Gennfros. July 15th is deemed as settlement day."

And interested parties are asked to note that PCH is reviewing existing Gennfros company policy and management.

"Martin Frost and/or Frost family companies by 30th June will cease to have any management roles in the Gennfros or ANC [Avocet Natural Capital] PLC Groups. Martin Frost has accepted a position with PCH. Dr 'Bob' Jenningsis to be offered an intellectual property contract upon a completion basis.

"After this week there will be no further newsletters: information shall become available via a private subscriber company website".



Wednesday 9 June 2021

New Earth fund 'a £300 million ponzi scheme'

SPECIAL FEATURE on shocking revelations about Borders council's waste project 'funders'

An international investigator involved in a global probe into the mis-selling of worthless investments to hundreds of UK expats has claimed an offshore fund which was to bankroll a £23 million project for Scottish Borders Council was one of several 'ponzi schemes' used to defraud elderly investors of their life savings.

Australian barrister Niall Coburn, in written evidence to a House of Commons Select Committee inquiry, levelled allegations of "malfeasance or negligence" by the operators of the New Earth group of companies and sub-funds.

The Premier New Earth Recycling & Renewables (NERR) fund, based on the Isle of Man, suffered a catastrophic financial collapse in 2016, and remains the subject of an investigation by liquidators, who says Mr Coburn "cannot find the majority of funds that have 'gone missing'".

The NERR fund featured regularly in these columns from 2015 onwards following the Borders council's decision to abandon a multi-million pounds partnership project with New Earth Solutions Group (NESG) which also plunged into liquidation shortly after the dissolution of its £80 million waste management contract with SBC.

We attempted to discover the reasons for the termination of a deal which was meant to solve the local authority's waste management issues by delivering a state of the art treatment facility at Easter Langlee, Galashiels.

According to a 'strictly private and confidential' document dated March 2013 and uncovered via Freedom of Information, the funding required for the integrated waste treatment and energy recovery facility was expected to be in the region of £23 million.

The default funding solution was to source 97.5% (£22.4 million) of the capital expenditure requirement from NERR. The document states: "This is consistent with the funding solution envisaged at contract award".

And senior officers at SBC were told: "The NERR investment funds have raised over £166 million since launch in 2008. NERR has raised £30 million in the last five months with significant new business being generated in the UK, Europe and Asia".

A consultant's report, paid for by SBC, concluded: "On reasonable assumptions, NERR will hold sufficient cash funds to fully fund the capital costs of the Scottish Borders project in line with the proposed development timetable".

But at the end of the day the council's involvement with the insolvent NESG and the worthless NERR fund cost local taxpayers considerably more than £2 million, much of it handed over to law firms and 'specialists' who obviously did not see through the doomed New Earth partnership.

Mr Coburn, head of Coburn Co-operative Intelligence (CCI), has been a prime mover in the preparation of Class Actions aimed at two insurance giants who are said to have allowed at least half a dozen failed funds, including NERR, onto their respective investment platforms.

The CCI website explains: "Old Mutual International (formerly Skandia International) (OMI) and Friends Provident International (FPI) sold investment products described as “Portfolio Bonds” or “Insurance Bonds” (with specific product names such as the “Executive Investment Bond” and the “Reserve Investment Bond”).

"These investment products are referred to as “Bonds” and were sold to customers all over the world – in particular, expatriate retirees. The capital invested in the Bonds was placed in various funds which have now failed or suffered substantial losses"

Solicitors in London, advocates in the Isle of Man and Queen’s Counsel have prepared both claims which were issued by the Isle of Man High Court and served on both defendants. They are likely to be for a combined total of more than £100 million.

In his written evidence to UK parliamentarians, Mr Coburn said: "This submission gives an outline of two Class Actions undertaken by about eight hundred investors, who lost between £145 million and £200 million. It shows that the illegal operations of two insurers involved in deception, misrepresentation, mis-selling of financial products designed in London to elderly UK investors is hugely under-reported.

"The submission outlines how major companies licenced in the UK have consistently misled elderly savers by failing to disclose the true risk of certain investment products that are dressed up as low risk, but the reality is that they have been deceptive and “fleeced” thousands of UK investors by knowingly not disclosing the true risks. CCI is acting on behalf of approximately 800 international investors who, between 2006 and 2013, purchased unit-linked life assurance bond products in Thailand, Indonesia, Cyprus and UAE (and one couple in the UK) (Bonds).

His investigation showed the majority of the clients were UK elderly retail investors who were expats in various countries or some who resided in the UK and were advised to invest in the Isle of Man and Channel Island jurisdictions. Investors needed to make a minimum investment of £25,000 to £50,000 to be approved for a Bond application. Once a bond was incepted, clients then had access to purchase units in collective investment schemes on a Bond platform.

In specific references to the NERR fund Mr Coburn wrote: ".Between 2008 and 2013, New Earth funds were registered in the IoM in relation to a waste management group of companies, operating in the United Kingdom. New Earth sub-funds were linked to insurance company portfolio bonds available only to “qualifying” investors.

"New Earth was approved by the insurers, in London and the IoM, to be placed onto the Bond platform and recommended to IFAs [Independent Financial Advisors] as intermediaries to the insurers. The IFAs recommended the investment in New Earth and raised approximately £200 million internationally.

"Between 2008 and 2013, New Earth sub-funds were marketed as an opportunity for 'qualifying' investors to profit from landfill diversion and renewable energy. The aim of the company was to provide long term growth by investing directly or indirectly in recycling facilities in the UK. In or about 2013, the New Earth group of companies raised additional capital of between £200 to £300 million via an initial public offering.

"New Earth units were to be sold by intermediaries via insurance company portfolio bonds for “qualifying” investors. However, there were no warnings of the risk to investors and the insurers accepted application forms from retail investors, without any attempt to distinguish between professional and retail investor classification."

On 16 June 2016, New Earth group of companies and its funds went into administration and on 31 August 2016, went into liquidation with Deloitte appointed as liquidator.

"There appear to be serious issues that relate to malfeasance or negligence on the part of the operation of the New Earth group of companies and the sub-funds. The liquidator continues investigations and cannot find the majority of funds that have 'gone missing'. Again, many investors from the UK lost their funds", says Mr Coburn.

He concludes: "The truth is that no professional investors would invest in these funds because they were “ponzi schemes” and so the real target was unsuspecting retail investors with significant or life savings to invest. The truth is these bonds from inception targeted the retail investor market, whereas they should have only been sold to sophisticated investors."





Monday 7 June 2021

'Litigation specialists' who broke the law could be sued

BILL CHISHOLM reports on Avocet Natural Capital's 'clear breach' of privacy regulations

Regular readers of these columns will be aware of the never ending threats of legal action levelled at many of us by Avocet Natural Capital [ANC] PLC in newsletters circulated to hundreds of shareholders by the company's 'controversial' chairman, Martin Frost.

And every one of those newsletters carries a unique warning which states: "ANC Plc shareholders correspondence is identified with a tracker so please do not breach your shareholder NDA [Non Disclosure Agreement] by passing on the contents of this shareholders communique to third parties without first obtaining permission from Mrs. Eirlys Lloyd".

However, we can now report that these sticklers for sticking to the terms of the Data Protection Act chose to forget their own data protection obligations before ignoring instructions from the Information Commissioner's Office (ICO) to address and rectify the situation they'd created.

It's a long story, and may require several chapters to do it justice, but as a first step here is an outline of what could be described as the irony of ironies.

As I reminded readers only recently Mrs. Lloyd, ANC's company secretary, emailed me on July 12th 2020 claiming I might have been involved in a crime.

She wrote: "A number of Avocet Natural Capital Plc shareholders have brought to the directors' attention that a breach of section 170 of the Data Protection Act 2018 has occurred, in that a person or persons have unlawfully obtained or disclosed personal data without the consent of the company. It is understood that you may have been involved in this crime. This has been brought to the attention of the police who are now investigating."

It seemed Avocet did not approve of our coverage of the company's activities, and the firm was keen to find out who might be 'leaking' Mr Frost's correspondence to Not Just Sheep & Rugby.

But in an almost unbelievable twist just three weeks later it was my turn to complain to Mrs Lloyd about a potential 'crime' by ANC against me.

I was astonished and dismayed to discover that in a shareholder letter of August 3rd 2020 my personal email address was on display, included as part of Mr Frost's written report to hundreds of investors.

A quick Google search confirmed the following: "The Data Protection Act stipulates that you must take all reasonable measures to ensure the data you hold, such as people's email addresses, are not divulged to third parties unless they have given you permission to do so. This is a clear breach of the Data Protection Act".

I immediately wrote to Mrs Lloyd, explaining: "On page one of a letter to the 650 shareholders of Avocet Natural Capital dated 3/8/2020 on Avocet Natural Capital headed notepaper and tailed with your own company’s name the text includes my email address. There can be no element of doubt that this is a flagrant data breach, presumably approved and signed off by Mr Frost, by (fellow director) Mr Jennings whose name appears on the letter, and by yourself."

But my request for an explanation prior to contacting the ICO did not receive Mrs Lloyd's attention. Instead, she asked on three separate occasions for the identity of my source for Mr Frost's offending newsletter.

She wrote: "As courtesy to the ICO, I believe you are aware that shareholder letters from the company do not emanate from me or Eirlys Lloyd Company Services Ltd.  Also, perhaps you would be so good as to provide details of the person/persons who forwarded a confidential shareholder communication to you. These shareholder communications are covered by the company Group NDA and, if a former employee/shareholder, also their personal NDA."

Following the futile email exchange I complained to the ICO on August 4th 2020. But there was to be no swift resolution by the regulator.

I heard nothing further until April 31st this year when the ICO informed me they had 'now established contact' at ANC.

The Commission email stated: "We have considered the issues that you have raised with us and our decision is that there is more work for the organisation to do. We have therefore raised your issues with the Data Protection Officer, explaining that we want them to work with you to resolve any outstanding matters.

"In your case, we expect the organisation to fully address your complaint by telling you what they are going to do to put things right, or if they believe they have met their data protection obligations by explaining fully how they have done so. We have allowed the organisation 28 days to consider the issues that you have raised with us and to consider next steps in your case.  As such we have closed your case and don’t intend to take any further action.  However, if you don’t hear back from the organisation after 28 days then please let us know."

Because the ICO had not confirmed that ANC had breached privacy rules I asked for a review and was eventually told on May 12th: "You have requested a definitive outcome from the ICO. I can confirm that as your personal email address was passed to shareholders in a letter to them it is likely that the organisation has failed to comply with their data protection obligations relating to security. It is hoped that the response you receive from Avocet Natural Capital PLC should clarify whether they believe they had a lawful basis to share this data or if they did not, what they intend to do to rectify the situation."

The 28 day period for a response from ANC expired on May 28th, and in the event of the company's failure to obey the ICO's instruction I have asked the Commission what further action it plans to take.

In the meantime I have been advised: "You do have the right to seek your own compensation for material or non-material damages arising from a breach of GDPR [General Data Protection Regulation]. This is not something the ICO can assist you with. We would recommend that you seek independent legal advice if you decide to take this action."





Tuesday 1 June 2021

Kerching! £30 million for Avocet top brass

by EWAN LAMB

Two executive directors of Avocet Natural Capital PLC together with an American-based chemical specialist are due to receive a total of £30 million once the complicated network of trade deals for the sale of intellectual property is concluded.

The payments, which will see 'controversial Anglo-Irish businessman' Martin Frost, Dr. Bob Jennings and Dr Glyn Short become multi-millionaires, have been revealed in a newsletter from Mr Frost to shareholders of ANC and its associate company Gennfros Ltd.

It means the patents said to be held by both companies, and which largely depend on a 'revolutionary' brand of so-called avocet fuel will be traded without a single product having been brought to the market during Avocet's seven year existence.

The correspondence from Mr Frost to investors also makes further reference to P C H, the mysterious offshore company prepared to plough £400 million into Gennfros although few people appear to have heard of the corporation. None of the directors of P C H have been named, and there is no contact address or telephone number on press releases.

However, Mr Frost now claims PCH is an acronym interfacing four offshore investor companies.

"It is a published fact that the principals behind PCH have purchased some £2.5 billion pounds of third-party intellectual property in the last 10 years – a £150 million offer for Gennfros Limited’s and £60 million offer for Avocet IP Limited is relative."

Subsequent information from Mr Frost tends to show that P C H has practically assumed ownership of a number of companies, including insolvent 'Avocet' businesses.

He states: "On Omega Infinite Plc formerly Avocet Infinite Plc [now in liquidation] PCH has acquired some 50% of the share equity; PCH has acquired 100% of the share equity of Orrdone Farms Limited [now in administration]; On Bio Solutions formerly Avocet Bio-Solutions Plc PCH has acquired over 50% of the equity.

"On Avocet Natural Capital Plc (with subsidiary Avocet IP Limited): Despite real threats to block an intellectual property sale by Avocet IP Limited: 4pm Texas time (UK 10 pm) on 31st May was the final time that a ‘bad person’ under Texas law could seek to intervene to block Avocet IP Limited’s $100 million US dollar intellectual property Texan sale. It is now a question of mechanics and sorting tax matters before ANC Plc and Gennfros Limited shareholders receive their dividend.

"The directors of ANC Plc and Gennfros Limited have agreed that Gennfros Limited now purchases Avocet IP Limited from ANC Plc for £60 million pounds sterling and that thereafter ANC Plc is dissolved thereby releasing approximately £1 pound sterling back to each bona fide ANC Plc shareholder by September 1st, 2021."

Mr Frost goes on to disclose exactly how much Avocet's major players stand to gain from the IP sales and share dealings.

"To avoid confusion & back biting. Dr. Glyn Short & family is due to receive some £8 million from these transactions. Dr. ‘Bob’ Jennings & family is due to receive some £9 million from these transactions. Martin Frost & family is due to receive some £13 million from these transactions".

He adds that all other ANC Plc shareholders 'are well rewarded as to their equity investment'.

"On Gennfros Limited - The Confirmation Statement witnesses, PCH now owns 14 million Gennfros Limited shares with firm options to acquire a further 6 million + bonded voting agreements with another 7 million. On June 2nd PCH makes further conditional offers.

"The Frost family has a £12 million consideration in respect of 4 million Gennfros Limited shares to the Russian investor re PCH: Парашютные Холдинги OOO."

An observer told us: "That Russian company’s name translates to “Parachute Holdings” according to Google, probably a very appropriate name!"