I have updated the blog entry with responses to some of the questions raised with Mark Black below.
Mark Black has refused to answer any further questions until such a time as all mention of him is removed from the blog, which is something that the Editor is quite prepared to do once once answers to basic questions have been provided that indicate he is no longer a person of interest. Mark Black's approach differs markedly with that of Abode Lettings & Property Management which was also part of the "INVESTOR ALERT - avoid these characters" blog article, but whose directors, Justin Turner & Nasser Moffat, answered all questions posed and had themselves removed.
There are some very important questions that Mark Black has refused to answer. The claim he has made is that the Collins & Bone Partnership were paid for rental of all their properties whilst they were managed by Novocastria Lettings, a direct contradiction to a statement made by Liam Collins. So, clearly, someone is lying. The matter will now be turned over to the Official Receiver.
The Editor
[ewart, 27/8/2012]: What was the relationship between Novocastria Lettings & Novocastria Developments Ltd.? There were bi-directional linkages between your respective web-sites.
[ewart, 27/8/2012]: The set of C&B owned properties are listed in the "COLLINS & BONE HOUSES AND NOVOCASTRIA LETTINGS" article posted 22nd February 2012. For each of these properties, during what time periods did Novocastria Lettings/Novocastria Developments Ltd manage these properties, and for what time periods were these properties actually rented out?
[ewart, 27/8/2012]: Novocastria Lettings charged a management fee for properties that it successfully let to cover advertising & maintenance costs, and this came out of the rental monies collected - the rest of the monies went to the landlords ... at least that is what should have happened. Why did this not happen for C&B owned properties?
[ewart, 27/8/2012]: If Novocastria Lettings/Novocastria Developments Ltd did indeed make payments to C&B/the partners,:
[ewart, 30/8/2012]: If Novocastria Lettings is not part of Novocastria Developments Ltd., who is responsible for filing the tax returns for business done under the Novocastria Lettings umbrella? Is it:
a) you/Dave Bone Snr, for C&G investor owned properties?
b) David Bone Jnr & Rachael Bone for C&B owned properties?
If the answers to a) & b) above are both yes, then what you are inferring is that the written statement made by Liam Collins to me on 23/2/2012 wrt C&B never receiving any monies from Novocastria was incorrect.
Question unanswered
[ewart, 30/8/2012]: Against ,what business entities or persons are rental monies from a) & b) above (to be) filed?
Question unanswered
[ewart, 30/8/2012]: Were rental monies, as well as rental deposits, collected from C&B owned and C&G investor owned properties kept separate at all times?
Question unanswered
[ewart, 30/8/2012]: What is an operational e-mail address and phone # through which Rachael Bone/Davey can be contacted?
Question unanswered
[ewart, 30/8/2012]: David Bone Snr was a fellow director at Novocastria Development Ltd, and resigned 17/4/2012. Presumably both you and he were responsible for C&G investor owned properties, and never had any dealing with C&B owned properties, is that correct? If so, how do you explain David Bone Snr having a role in the management of 2 Dronfield
Rd. (see article http://collins-bone-investors.blogspot.ca/search?updated-max=2012-05-08T14:05:00%2B01:00&max-results=10&start=10&by-date=false) which is C&B owned?
Mark Black has refused to answer any further questions until such a time as all mention of him is removed from the blog, which is something that the Editor is quite prepared to do once once answers to basic questions have been provided that indicate he is no longer a person of interest. Mark Black's approach differs markedly with that of Abode Lettings & Property Management which was also part of the "INVESTOR ALERT - avoid these characters" blog article, but whose directors, Justin Turner & Nasser Moffat, answered all questions posed and had themselves removed.
There are some very important questions that Mark Black has refused to answer. The claim he has made is that the Collins & Bone Partnership were paid for rental of all their properties whilst they were managed by Novocastria Lettings, a direct contradiction to a statement made by Liam Collins. So, clearly, someone is lying. The matter will now be turned over to the Official Receiver.
The Editor
[ewart, 27/8/2012]: What was the relationship between Novocastria Lettings & Novocastria Developments Ltd.? There were bi-directional linkages between your respective web-sites.
[Mark
Black, 30/8/2012]: Novocastria Lettings was simply a brand name to
manage the two sets of properties under. I managed the C&G houses
whilst Rachael Bone, with Davey's input, managed the Collins Bone
houses. It served no-one any purpose to have either set of houses
sitting empty.
Novocastria Developments Ltd was a company set up for the Lyons Fund, and when that collapsed it was left dormant. Novocastria developments never traded. I tried to pursue the C&G model under the Novocastria Developments branding briefly but you, Sally and Jasmine were quick to claim all manner of nonsense about it so I discontinued that effort. For the record - it had nothing to do with Liam or Davey; but again you never bothered to call and just jumped to an incorrect conclusion.
Given that the C&G properties had to be managed, and I wanted to do what I could to help the C&G investors, it was convenient to use the branding work that had been done for Novocastria rather than waste time re-doing it. I didn't want to leave any C&G investor with an unmanaged property so it was a vehicle to meet those obligations. As there was little point in incurring two sets of fees the same feeds to Rightmove etc were used to market Collins Bone properties. Rachael dealt with all C&B houses.
Novocastria Developments Ltd was a company set up for the Lyons Fund, and when that collapsed it was left dormant. Novocastria developments never traded. I tried to pursue the C&G model under the Novocastria Developments branding briefly but you, Sally and Jasmine were quick to claim all manner of nonsense about it so I discontinued that effort. For the record - it had nothing to do with Liam or Davey; but again you never bothered to call and just jumped to an incorrect conclusion.
Given that the C&G properties had to be managed, and I wanted to do what I could to help the C&G investors, it was convenient to use the branding work that had been done for Novocastria rather than waste time re-doing it. I didn't want to leave any C&G investor with an unmanaged property so it was a vehicle to meet those obligations. As there was little point in incurring two sets of fees the same feeds to Rightmove etc were used to market Collins Bone properties. Rachael dealt with all C&B houses.
[ewart, 27/8/2012]: The set of C&B owned properties are listed in the "COLLINS & BONE HOUSES AND NOVOCASTRIA LETTINGS" article posted 22nd February 2012. For each of these properties, during what time periods did Novocastria Lettings/Novocastria Developments Ltd manage these properties, and for what time periods were these properties actually rented out?
[Mark Black,
30/8/2012]: As above. Novocastria was simply a marketing vehicle.
Effectively the Collins Bone portfolio was run by Rachael and Davey. I
didn't handle any of it so don't have data on it.
[ewart, 27/8/2012]: Novocastria Lettings charged a management fee for properties that it successfully let to cover advertising & maintenance costs, and this came out of the rental monies collected - the rest of the monies went to the landlords ... at least that is what should have happened. Why did this not happen for C&B owned properties?
[Mark
Black, 30/8/2012]: As above. Novocastria didn't charge C&B as such.
Novocastria didn't make any money from the C&B portfolio as it was
handled separately.
[ewart, 27/8/2012]: If Novocastria Lettings/Novocastria Developments Ltd did indeed make payments to C&B/the partners,:
- When were these payments made?
- From what bank account were the payments made?
- What were the payments for?
- How were they tagged/labelled on bank statements?
- How were the payments made? If transferred directly Into bank account(s), what are the details for each account?
[Mark
Black, 30/8/2012]: Money from Collins Bone was Liam and Davey's
business. Any money coming into Novocastria was handled by Rachael and
went immediately to CollinsBone. Beyond that I can't say as it wasn't
much to do with the C&G houses. Equally, Liam and Davey wouldn't be
able to comment much on the management of old C&G houses as it
didn't concern them.
I don't have an awful amount of time to spend on this unfortunately - certainly not for someone who takes blind pops at me online. Hope this helps.
I don't have an awful amount of time to spend on this unfortunately - certainly not for someone who takes blind pops at me online. Hope this helps.
[ewart, 30/8/2012]: If Novocastria Lettings is not part of Novocastria Developments Ltd., who is responsible for filing the tax returns for business done under the Novocastria Lettings umbrella? Is it:
a) you/Dave Bone Snr, for C&G investor owned properties?
b) David Bone Jnr & Rachael Bone for C&B owned properties?
If the answers to a) & b) above are both yes, then what you are inferring is that the written statement made by Liam Collins to me on 23/2/2012 wrt C&B never receiving any monies from Novocastria was incorrect.
Question unanswered
[ewart, 30/8/2012]: Against ,what business entities or persons are rental monies from a) & b) above (to be) filed?
Question unanswered
[ewart, 30/8/2012]: Were rental monies, as well as rental deposits, collected from C&B owned and C&G investor owned properties kept separate at all times?
Question unanswered
[ewart, 30/8/2012]: What is an operational e-mail address and phone # through which Rachael Bone/Davey can be contacted?
Question unanswered
[ewart, 30/8/2012]: David Bone Snr was a fellow director at Novocastria Development Ltd, and resigned 17/4/2012. Presumably both you and he were responsible for C&G investor owned properties, and never had any dealing with C&B owned properties, is that correct? If so, how do you explain David Bone Snr having a role in the management of 2 Dronfield
Rd. (see article http://collins-bone-investors.blogspot.ca/search?updated-max=2012-05-08T14:05:00%2B01:00&max-results=10&start=10&by-date=false) which is C&B owned?
Question unanswered
From: The Editor
Date: Mon, Aug 27, 2012 at 9:22 AM
Subject: e-mail to Mark Black
To: Mark Black via Adavo Property web-site e-mail portal
Mr. Black,
In response to the IFS blog's "ANOTHER COBOCO MORPH" article (13th August 2012), you wrote in and made the following comments:
On 23rd February 2012 I sent an e-mail, copy below, to all of Rachael Bone, Liam Collins, David Bone Jnr, and also submitted through the e-mail portals on the Novocastria Lettings and Novocastria Developments Ltd respective web-sites. There was no reply from any of you! The e-mail was triggered by:
Ewart
---------- Forwarded message ----------
From: ewart tempest <ewart.tempest@gmail.com>
Date: Thu, Feb 23, 2012 at 7:27 AM
Subject: Novocastria Lettings questions
To: davidbone@castleandgatehouse.
Cc: ewart tempest <ewart.tempest@gmail.com>, Liam Collins <liam@collinsandbone.com>
David,
I phoned Novocastria Lettings this morning and got Rachael on the line - she referred me to you for all questions, not even preparing to answer what kind of a company Novocastria Lettings was (Ltd, LLP, partnership, let alone who the directors/partners are). The following questions need to be answered:
What kind of a company is Novocastria Lettings (Ltd, LLP, partnership)?
When was Novocastria Lettings founded?
When did Novocastria Lettings start managing the rental of C&B assets?
Why is Novocastria Lettings using the address of one of these C&B assets (36 Langhorn Close, Newcastle-upon-Tyne) as its business address? Does it physically occupy these premises?
Where does the money to renovate/manage these C&B assets come from?
If the answer to the previous question is (in part) C&B, how much money did C&B pay the company(ies) responsible for managing the rental of C&B assets in each of 2010 and 2011?
How much money have the company(ies) responsible for managing the rental of C&B assets paid back to C&B in each of 2010 and 2011?
What is the value of the rental income that C&B properties have generated in each of 2010 and 2011?
Ewart
Date: Mon, Aug 27, 2012 at 9:22 AM
Subject: e-mail to Mark Black
To: Mark Black via Adavo Property web-site e-mail portal
Mr. Black,
In response to the IFS blog's "ANOTHER COBOCO MORPH" article (13th August 2012), you wrote in and made the following comments:
"You, like anyone else, have been at your liberty to contact me at any point in the last few years and haven't. Why you haven't contacted me directly remains a mystery;"
.
.
.
"Please leave me to support my family and stop these hurtful and ill informed posts or alternatively pick up the phone and call."
On 23rd February 2012 I sent an e-mail, copy below, to all of Rachael Bone, Liam Collins, David Bone Jnr, and also submitted through the e-mail portals on the Novocastria Lettings and Novocastria Developments Ltd respective web-sites. There was no reply from any of you! The e-mail was triggered by:
- An e-mail from Liam Collins the same day in which he states:
"I get nothing at all from them (Novocastria Lettings) ever as they are running at a loss most months.".
- A phone call I had with Rachael Bone earlier on the same day in which she refused to answer even the most basic questions such as:
- What is your role at Novocastria Lettings?
- What is the relationship between Novocastria Lettings & Novocastria Developments?
- Why is Novocastria Lettings not paying any monies for C&B owned properties that it lets? This includes 36 Langhorn Close, which was the business address used by Novovastria Lettings.
- What was the relationship between Novocastria Lettings & Novocastria Developments Ltd.? There were bi-directional linkages between your respective web-sites.
- The set of C&B owned properties are listed in the "COLLINS & BONE HOUSES AND NOVOCASTRIA LETTINGS" article posted 22nd February 2012. For each of these properties, during what time periods did Novocastria Lettings/Novocastria Developments Ltd manage these properties, and for what time periods were these properties actually rented out?
- Novocastria Lettings charged a management fee for properties that it successfully let to cover advertising & maintenance costs, and this came out of the rental monies collected - the rest of the monies went to the landlords ... at least that is what should have happened. Why did this not happen for C&B owned properties?
- If Novocastria Lettings/Novocastria Developments Ltd did indeed make payments to C&B/the partners,:
- When were these payments made?
- From what bank account were the payments made?
- What were the payments for?
- How were they tagged/labelled on bank statements?
- How were the payments made? If transferred directly Into bank account(s), what are the details for each account?
Ewart
---------- Forwarded message ----------
From: ewart tempest <ewart.tempest@gmail.com>
Date: Thu, Feb 23, 2012 at 7:27 AM
Subject: Novocastria Lettings questions
To: davidbone@castleandgatehouse.
Cc: ewart tempest <ewart.tempest@gmail.com>, Liam Collins <liam@collinsandbone.com>
David,
I phoned Novocastria Lettings this morning and got Rachael on the line - she referred me to you for all questions, not even preparing to answer what kind of a company Novocastria Lettings was (Ltd, LLP, partnership, let alone who the directors/partners are). The following questions need to be answered:
What kind of a company is Novocastria Lettings (Ltd, LLP, partnership)?
Answer:
When was Novocastria Lettings founded?
Answer:
When did Novocastria Lettings start managing the rental of C&B assets?
Answer:
What company had responsibility for managing the rental of C&B assets prior to Novocastria Lettings?
Answer:
Why is Novocastria Lettings using the address of one of these C&B assets (36 Langhorn Close, Newcastle-upon-Tyne) as its business address? Does it physically occupy these premises?
Answer:
Where does the money to renovate/manage these C&B assets come from?
Answer:
If the answer to the previous question is (in part) C&B, how much money did C&B pay the company(ies) responsible for managing the rental of C&B assets in each of 2010 and 2011?
Answer:
How much money have the company(ies) responsible for managing the rental of C&B assets paid back to C&B in each of 2010 and 2011?
Answer:
What is the value of the rental income that C&B properties have generated in each of 2010 and 2011?
Answer:
Ewart
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