All change at Gladstones and the IPC

Will Hurley resigned as director of Gladstones Solicitors Limited on 28 May 2017.

John Davies resigned as director of United Trade and Industry Limited (trading as the International Parking Community), also on 28 May 2017.

The cynical members of the blog readership will no doubt come to the conclusion that this is to pretend there is no conflict of interest between the two companies, and to stop people pointing out that the directors and shareholders of both companies are the same people.

Currently the IPC runs a kangaroo court appeals systems which finds for the parking company in the most ridiculous of circumstances, has no proper appreciation of how judges currently interpret parking-related law, and routinely accepts parking company evidence at face value while dismissing motorist evidence. Failed appeals are then eligible for the parking company to use the shambolic and incompetent Gladstones Solicitors to attempt to artificially inflate the costs and bully motorists into paying charges which are not upheld by the courts.

In the Prankster's opinion there is therefore a clear conflict of interests.

Interestingly, Will Hurley does not currently appear as a person of significant controlling interest for Gladstones. However, John Davies does currently appear as a person of significant controlling interest for the IPC. This may of course be a timing issue.

The legislation sets out 5 conditions for significant control.

(i) Directly or indirectly holding more than 25% of the shares
(ii) Directly or indirectly holding more than 25% of the voting rights
(iii) Directly or indirectly holding the right to appoint or remove the majority of
directors
(iv) Otherwise having the right to exercise, or actually exercising, significant
influence or control
(v) Having the right to exercise, or actually exercising, significant influence or
control over the activities of a trust or firm which is not a legal entity, but
would itself satisfy any of the first four conditions if it were an individual

Gladstones last shareholder list as of 18/2/2016 has John Davies owning 51% of the shares and Will Hurley owning 49%. On 18/2/2017 John Davies was declared as a person of controlling interest, but Will Hurley was not.

The IPCs last shareholder list as of 19/11/2015 had John Davis and Will Hurley both owning one share each (50%). On 11/10/2016 both Will Hurley and John Davies were declared as persons of significant control.

The Prankster therefore calls on Will Hurley and John Davies to clarify the situation.

Happy Parking

The Parking Prankster