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Ben Gummer Sancroft International shares transfer to Felix

Monday , 5, June 2017 Leave a comment

Ben Gummer alleged Managing Director of family-owned Sancroft International, an environmental consultancy company set up and led by his father John Gummer, has sold his shares over to his brother Felix.

The Daily Telegraph describes Sancroft as a vehicle for the earnings of Gummer Senior, with Christopher Booker expressing concern at the “involvement of some of our most senior politicians in the … lucrative and expanding industry of renewable energy” and the “extraordinary picture” it presents “of the state of our public life.”

The stakeholders are all with an equal share.

102 Benedict Michael Gummer
102 Cordelia Charolotte Angelica Gummer
102 Penelope Jane Deben
102 Felix John Gummer
102 Leonora Cicely Gummer
102 John Selwyn Deben

Until 15 June 2015, as Ben Gummer was applying for funding for the Upper Orwell Crossing project his shares have been transferred (sold) to his brother Felix Gummer…

0 Benedict Michael Gummer
102 Cordelia Charolotte Angelica Gummer
102 Penelope Jane Deben
204 Felix John Gummer
102 Leonora Cicely Gummer
102 John Selwyn Deben

This is interesting, as Ben has held on to the shares for over 5 years as an MP (i.e. wasn’t required to disposed of them for becoming MP) and didn’t get a position where a conflict could occur. The marketing spiel pre-2010 General Election said he was a Managing Director of Sancroft where he doubled the turnover, which makes it even less likely someone would then sell a stake in the company especially as a family-owned business.

(There is no clear evidence in public domain showing Ben as the MD of the company)

Why to Felix and not John Deben/Gummer himself? Why is Felix helping out Ben Gummer in campaigning much more than in the past?

There is strong representations from various residents on Facebook and Ipswich Star alleging Sancroft has a stake in ABP or another land owner at Ipswich wet dock. ABP’s corporate structure is complex with numerous companies owning different parts with oversea/offshore parents where it isn’t possible to find out shareholders online. For this reason we couldn’t validate these claims. 1 + 1 = 2! or 1 + 1 = 3? 

In addition he also resigned his directorship – he has nothing to do with the Sancroft business anymore, yet Ben Gummer is growing in the Conservative Party ranks with more senior posts and recently wrote the manifesto. Until we know any different we will continue assuming this is a coincidence and Ben hard up on needing the cash, he might need it if he loses this week…

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