7. Carlton Packaging LLP
|
Family: Magee
Assets: £18 million Turnover: £60.6 million Employees: 101 (including LLP members) |
Directors/Shareholders: Marcus Magee, Paul Magee, Alan Magee, Martin Magee
|
Summary
At number 7, we have another packaging company. This time the high turnover, Carlton Packaging. The Bedford based company is owned by the Magee family. Our first LLP in the list. The LLP members/partners are all limited companies owned by different members of the Magee family.
Gross profit at £13.6 million was down from £14.5 million the year previous, when the company benefitted from government covid contracts. Profit after tax came in at £4.8 million down from £8.2 million the previous year. Turnover however did not reflect the drop in in profits as this was up £8.6 million on 2020. It should also be noted the company moved premises from Milton Keynes to Bedford, with the directors putting at cost of circa £750k on the move. Carlton Packaging won 2 covid contracts, one that was split at the start of the pandemic in April & May 2020, and a larger contract in September 2020, both were for outer packaging for covid test kits. The contracts were awarded without competition. The total value was just over £3 million. We do find it interesting that the 2nd contract would have been signed on behalf of the government by the Chief Commerical officer, Jacqui Rock. She was part of the Test & Trace team executive committee. Along with Mark Hewlett who was the Testing Chief Operating Officer. Mark Hewlett is now the COO of a brethren business 2San Global, owned by Dean Hales & the Whiley family. 
|
Plymouth Brethren links
The Magee family are related (cousins), to the Parsons family from Reading. Cyril Parsons founded Unispace and his son Sebastian Parsons was also heavily involved as a director. Sebastian is now a director of Sante Global LLP. A Hales family business. It has been well documented the Unispace/Sante large covid contracts win. Paul Magee is a director of BCF Pension Trustees, the brethren company pension scheme trust owners. Marcus Magee is a director of Bidwell Construction Ltd. The brethren have a number of construction companies that are set up for the building of new meeting rooms. Bidwell is one of these companies. |
8. Moroak Holdings Ltd
|
Family: Barter, Browning, Pavey
Assets: £17.8 million Turnover: £23 million Employees: 70 |
Business: Paper & Envelopes
Location: Yeovil Covid Contracts: Yes (Michael Barter) Website: blake-envelopes.com/ |
Directors/Shareholders: Michael Barter, Tim Barter, Blake Barter, Tim Browning, Clive Pavey
|
Summary
Moroak Holdings, there is a lot of information to cover for this company and it's senior brethren members! The Holdings company is the parent to a number of subsidiaries: Moroak Management, Moroak Ltd, Made by Blake, Blake Envelopes International, Inkling England, Blake Managed Services, All Colour Envelopes, Blake Europe GmbH, Moroak LLC, Blake Envelopes USA LLC. The Holdings company owns no more than 60% share in any of the subsidiaries. The shares in the Moroak Holdings company itself show the Barter's as the majority owners with Michael Barter owning 55% of the shares. Clive Pavey is just a director and not a shareholder. The subsidiary company Moroak Management Ltd is split ownership between Moroak Holdings (60%) and the Vision Accelerator Pty Ltd (40%). The Brethren fund invested in the business in 2020, at this time Tim Drake from Uphall Cambridge (Accora) was appointed as a director of Moroak Management, he resigned in August 2022. Also appointed at that time were Robert Freeman & Daniel Lyon, both are still directors of the management company. We have been informed that the Vision Global Fund is the investment arm of the Church, Bruce Hales the leader of the church is trying to build an eco-system, where the Vision investment fund makes enough profit/returns each year to fund the Schools & other brethren needs. The set up of the investment fund is very similar to "worldie" private equity, with the fund appointing directors to the companies that they invest in. In the UK we have seen that Tim Drake & Robert Freeman have both been appointed as directors to companies with investment from Vision Accelerator PTY Ltd. The financials for Moroak Holdings show gross profit of £6.2 million, with pre tax profit of £1.07 million and after tax profit of 766k. The company recorded substantial growth in Europe over the last 12 months, with UK numbers similar to 2020. Michael Barter is also a director of other companies not connected to Moroak Holdings. These include Techniclean Holdings, Techniclean Supply T/A Blake & White, Blake & White, TMT Management, YradiantUK, Hydrogen Online, MWB Investments & MWB Assets. Techniclean Supply where Barter is a director alongside the Matley family, were big covid contract winners, awarded a £20 million contract. The accounts filed are for a medium business & therefore do not have to declare turnover & profits. This would suggest that despite winning a £20 million contract that turnover was below £36 million. The contract won in 2020 was with the Northern Ireland Business Services organisation for the supply of facemasks. Interestingly this may have been the very first PPE contract won by a brethren company on the 1st April 2020. Techniclean assets for 2021 show £3.2 million with no substantial change from 2020. Though the company only had assets of £480k prior to the pandemic and their covid contract win, so it would appear the PPE contract was very profitable! Barter holds the majority share (62.5%) in Techniclean. The business is registered at the same registered address as Moroak Holdings. YradiantUK is a dormant company, but records show it is owned by Yradiant Health Sciences Pty Ltd, located at the same Sydney address as UBT & OneSchool Global. The website can be found at Yradiant.com Similar to YradiantUK many of the Barter companies are dormant, with a number of personal companies being unlimited. Unlimited means no accounts have to be published. Timothy Barter, father of Michael Barter also has involvement in a number of other companies including Hewins Timber, who show assets of £1.1 million. He is a director of Kent Dev LLP, which shows assets of £818k. We have been unable to ascertain what area Kent Dev LLP is involved in, it is of note that the directors include many senior brethren members including Oliver Muckle, Nicolas Siferfin, Ben Doouss, Andrew Critchley, David Davis, Richard Blackledge & Clive Anderson. He was also a director of the now defunct Traxx Tyres with many similar senior brethren members, we intend to a separate article on Traxx Tyres in the near future. Finally he was a director with Fytertech Non Wovens with the Ghinn family, Fytertech was sold to an American company back in 2017. |
Plymouth Brethren links
The Barter's & The Browning's are senior brethren members, the links to the PBCC related entities are therefore substantial.
Timothy Barter is a director of the dormant Universal Business Team, a forerunner of UBT (EU) Ltd, alongside fellow directors, Laurence Buckley, Richard Blackledge, Timothy Dallow & Andrew Critchley. He is a trustee of a number of charities including brethren charities the Central Hardship & Relief Trust, and Yeovil brethren meeting room charity, Ivel gospel hall trust. He is an ex trustee of Thistledown Education Trust, a OneSchool fundraising charity. Timothy Barter is also a trustee of The TMT Foundation alongside his fellow Moroak Holding directors Michael Barter & Tim Browning. The TMT Foundation makes no reference to the brethren showing 846k in assets, including receiving a donation of 300k from Moroak in 2020, and is listed as a charity supporting education in the South West. In 2020 it awarded grants of £375k to The Grace Trust, 6k to the Yeovil gospel hall trust, along with 45k via 4 individual grants. In the list of 2019 donations, was 10k granted to Sterling West (we may revisit that at some point!). He is also an ex director of brethren pension fund BCF Pension Trustees Ltd. Michael Barter is a director of the TMT Foundation, which as above provides funds to brethren charities including The Grace Trust. Tim Browning is a director of the Yeovil gospel hall trust & the TMT Foundation. Clive Pavey is a trustee of Thistledown Education Trust, a Oneschool fund raising charity. He is also a director of the trading arm called Vista4 limited, which operates the local Campus & Co retail operation. He is a former director of Placket Construction, the meeting room construction company based at same site as Blake Envelopes in Yeovil. |
9. ATW Holdings Ltd
|
Family: Parsons
Assets: £16.9 mil Turnover: £46.7 million Employees: 83 |
Directors/Shareholders: Andrew Parsons, Tristan Parsons, Warren Parsons, Luke Haughton, Evan Lindsell
|
Summary
The Reading based ATW Holdings is owned by the Parsons family, with small shareholdings for the Lindsell & Haughton families. It has a number of subsidiaries under its umbrella. These are Sapphire Balconies, Mydek, Innovast, Skize & Woodridge Developments.
The group accounts show massive growth in the last 2 years with turnover increasing from £26.8 million in 2019 to £46.7 million in 2021. It is interesting to see how much patent box reduction and R&D relief the company has claimed over the last 2 years. In total the company over the 2 years has made over £7.2 million and paid less than 3% tax on this amount. The group have made a payment of £160k, to a charity of which an ex director is a trustee, over the last 3 years. This would suggest, that the charity is one where Charles Ker, as the only ex director, is a trustee. Tristan Parsons is also a director of Paragon Design Joinery, also based in Arkwright Road, Reading. In fact maps show that we have ATW Holdings & their subsidiaries, Reading OneSchool Global & Paragon Design Joinery, are all adjacent to each other. Paragon Design shows assets of 694k in their last accounts. Andrew Parsons is the brother of another brethren high flyer in Cyril Parsons, we will cover the wealth of that side of the family in our rich list series. Finally it is always interesting to see if any links to local MP's and we find here in July 2019, Alok Sharma visiting Sapphire Balconies. 
|
Plymouth Brethren links
Warren Parsons is a former director of Zest Trading UK Ltd, which is the Campus & Co, trading arm of the charity Ealing Educational Resources Trust, a fundraiser for OneSchool Global. Andrew Parsons is a trustee of brethren meeting room charity, Reading gospel hall trust. He is also a trustee of Redlands Construction Ltd, which is a brethren meeting room construction company. Tristan Parsons was a director of the now dissolved Hines Construction Ltd, which was a brethren meeting room construction company. |
