We have just had an interesting chat with someone about Lomond Homes and the development soon to be proposed at the Avenue. Lomond Homes Ltd which is located at: Unit 1, Lomond Business Park, Glenrothes Fife, KY6 2PJ also shares the same address as a newly formed company named Lomond The Avenues Ltd, company number: SC357706.

This company which will be treated as a separate legal entity to Lomond Homes is currently putting in a development proposal for the land between New Farm Vales and The Avenue.

The question it may raise is why a new company has been formed by Lomond Homes for this new proposed development?

Creating a separate legal company is sometimes referred to as Shell Companies. We have found a good link to information on Shell Companies, which is available at: http://www.fraudauditing.net/ShellCompanies.pdf.

Shell companies are often associated with fraud. Although they are legal entities that do have a legitimate function in business operations, shell companies are also utilized by criminals to facilitate fraudulent activities. Such activities include money laundering, billing schemes, fictitious service schemes, bankruptcy fraud, tax evasion, and market manipulation.

Reference: http://www.fraudauditing.net/ShellCompanies.pdf

The Avenue – Lochgelly

The Lomond Group on behalf of Lomond The Avenues Ltd who will be undertakIng the development at the Avenue have submitted their ‘Proposal of Application Notice (PAN)’ to the Lochgelly Community Council.

The PAN notice states that a consultation will be taken in Lochgelly commencing from the 8th of August 2011. This will be a 2 day public event with the venue(s) and dates still to be confirmed. The map that was provided to the Community Council was not detailed and only references the border of the proposed site.

We have updated the ‘Changing Face of Lochgelly’ map viewable below to include the proposed development site. Click on any of the highlighted areas for further information.


View Changing Face of Lochgelly in a larger map

As we find out more information of the proposed plans, we will fully disclose the information on this site.

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One Comment

  1. tiptoes

    August 18, 2011 at 5:48 pm

    its so they can avoid the section 75 payments from the new farm vale site

    Reply

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