John Edward Clancy: Global Developments (NZ) Ltd (now called Derby Grey Ltd) of which Mr Clancy was founding director and owner (via his family trust of which he is sole trustee); was put into liquidation on 20 October 2014 with liabilities of about one million dollars according to the liquidator’s reports. On that same day he ceased being director, just two years and two months after he had been appointed sole director. Six days prior to his departure, Graham Hewer was appointed as director effective on 14 October 2014. He remained the sole director following the departure of Clancy, and remained so up until the day the company was put into liquidation.
On the same day Mr Hewer became a new director, 14 October 2014, the company’s accountant Richard Somerville of Walker Townsend Ltd, filed a document with the Companies Office recording that all the company’s shares held in a trust he had set up for Clancy, of which Clancy was the sole trustee, had been transferred to Mr Hewer.
Somerville recorded Mr Hewer’s residential address as 87 Byron Street, Sydenham. However, a simple check by Mr Somerville would have confirmed that this is not a residential address and as such cannot be used on records linked to Hewson’s role as director or as a shareholder. False information has been supplied to the Companies Office in breach of the Companies Act 1993.
Clancy’s failure to comply with the law with regard to accurately recording his residential address, is just one of the factors that has ensured that company creditors have found it impossible to contact the company and trace Clancy’s whereabouts. Adding to this confusion Clancy changed the company’s name to Derby Grey Ltd, effective 9 October 2014, just prior to appointing Hewer as director.
Somerville has consistently recorded Clancy’s residential address linked to the latter’s role as director and shareholder, as 64 Khyber Pass Road, Grafton, Auckland 1023 (first used by Clancy on his Director’s Consent Certificate and Shareholder Certificate both dated 13 August 2012). However, on 22 April 2013 Clancy filed a change to his ‘residential address’ to 19 Bennington Way, Wigram, Christchurch, 8042, New Zealand. The latter was retained as his “residential” address until the company was put into liquidation on 20 October 2014. However, this appears to be another deception as it is not recorded against his name for any of his other companies.
The latest liquidator’s report on Global Developments (NZ) (now Derby Grey) informs creditors the liquidators (Ecovis KGA) are investigating “the disposal of assets by the company shortly before their appointment, with particular emphasis on the value and consideration received for such disposition. The liquidators are continuing to review the actions of the former director (Clancy).”
Property records show Clancy and his trustee company, FJ40 Trustees Ltd bought a 2 hectare property in Clarkville in North Canterbury last year for $847,000. It is on the market.