royfellows
Well-known member
Last week I was advised that the owners of the mineral rights for the Dinas silica mines wished to dispose of them as soon as possible due to insurance issues. Doing a bit of research, as I had never actually been there, the importance of the site soon became apparent.
Doing a bit more research on potential issues I felt that taking this ownership directly into Cambrian Mines Trust may be slightly unwise therefore a new company Natural Amenities Ltd was incorporated on the 16th March
It is a private company limited by share capital, and an associate company of CMT with CMT holding a 50% equity and a seat on the board.
The directors are Roy Fellows (Managing Director) and Cambrian Mines Trust (Corporate Director)
The sale of the Mineral rights which includes the mine has been agreed to the above company and papers forwarded to solicitors from whom I await contact.
First contact was on a Tuesday, new company was incorporated on line on Friday and Companies House confirmed incorporation at 10.0 on Monday.
Papers have been forwarded to solicitors and I await contact to arrange signing.
Access will remain unaffected and I am hopeful for the new company to work with NRW the landowners on an amicable basis.
The reason this route was taken was because I felt that a more risk efficient corporate structure was required, in plain language due to certain issues with the site I felt an extra layer of ?insulation? was needed.
I am well pleased with offers of help that I have received relative to managing the site and will be looking to form a local support group to act on our behalf in looking after the place.
Doing a bit more research on potential issues I felt that taking this ownership directly into Cambrian Mines Trust may be slightly unwise therefore a new company Natural Amenities Ltd was incorporated on the 16th March
It is a private company limited by share capital, and an associate company of CMT with CMT holding a 50% equity and a seat on the board.
The directors are Roy Fellows (Managing Director) and Cambrian Mines Trust (Corporate Director)
The sale of the Mineral rights which includes the mine has been agreed to the above company and papers forwarded to solicitors from whom I await contact.
First contact was on a Tuesday, new company was incorporated on line on Friday and Companies House confirmed incorporation at 10.0 on Monday.
Papers have been forwarded to solicitors and I await contact to arrange signing.
Access will remain unaffected and I am hopeful for the new company to work with NRW the landowners on an amicable basis.
The reason this route was taken was because I felt that a more risk efficient corporate structure was required, in plain language due to certain issues with the site I felt an extra layer of ?insulation? was needed.
I am well pleased with offers of help that I have received relative to managing the site and will be looking to form a local support group to act on our behalf in looking after the place.