The relationship between the UoW: TSD London Campus, the London Executive Business School Ltd and UWTSD Learning Centres Ltd
Blogs 11, 12 and 13 told of the relationship between the University of Wales: Trinity Saint David (TSD) and the College of Technology London and the subsequent establishment of the TSD London Campus specifically for overseas students. There was an enormous investment in the establishment of the London Campus whilst at the same time TSD were getting rid of academic staff half way through the academic year at their home base in Lampeter. Student enrolment for courses at the London Campus is sub-contracted to the London Executive Business School Ltd.
It now appears that there is another company involved with the London Campus, the UWTSD Learning Centres Ltd which is a company which was set up by TSD and has as its Directors, Medwin Hughes, Catrin Eluned Thomas (the Pro-Vice Chancellor Academic) and Gwyndaf Tobias (the Pro-Vice Chancellor Finance and Resources) . It was established as a private company limited by shares on 18 November 2011and has one nominal £1 share held by the UoW:TSD.
On 2 March 2012 this company took out a lease on Unit 3, Angel Wharf, 57 Eagle Wharf Road, London which is the location of the London Campus. The landlord with whom the lease was agreed was the London Executive Business School Ltd. How convenient. The landlord of the premises of the London Campus also gets the contract to handle all the recruitment of students. The lease was handled by the legal giants Eversheds, their London office and not the Cardiff office, and the “initial deposit” was £9,600.
The lease was signed just in time to take the first intake of students at the London Campus, the students who had not completed their courses because of the termination of the agreement between TSD and the College of Technology London. It will be interesting to see how the activities of UWTSD Learning Centres Ltd will be reported in the next set of accounts for TSD. The current published Financial Statement for UOW:TSD is for the year up to 31 July 2011.
The London Executive Business School Ltd was established on 14 January 2011, with initially three Directors, but since 28 September 2012 there has been only one Director, Nikolaos Tsorakidis. The company has 100 shares with 30 shares held by Audsin Mohana Dhas Devadas, 19 shares held by Christos Plegas and the majority shareholder is Nikoloas Tsorakidis with 51 shares. The registered office is 105 St Peter’s Street, St Albans.
Another company registered at this St Albans address is Omega Sail UK Limited which is company providing sailing holidays. The company was established in December 2009 with two directors, Nikolaos Tsorakidis and Christos Plegas.