Asylum hotel company ‘paid 16,000,000 to apparent offshore firm’ | UK News [Video]

A company that provides asylum hotels has paid millions of pounds to what appears to be an offshore consultancy firm with links to its Essex businessman founder.

An analysis of financial records for Clearsprings Management Limited, by Liberty Investigates, has uncovered £16 million worth of payments to ‘Bespoke Strategy Solutions Ltd’.

The investigation has found that the ‘consultancy’ firm is partly owned by Clearsprings’ founder and director Graham King, 57, an entrepreneur from Canvey Island in Essex.

Clearsprings is a major Home Office contractor, paid £3,500,000 a day to accommodate arrivals in the UK.

Yet Bespoke Strategy Solutions Ltd could not be located on publicly accessible global business lists, and could not be contacted for comment since it is unclear where it is registered.

Clearsprings’ own end of year accounts (filed with Companies House) identify BSS as a related party “of Clearsprings (Management) Limited by virtue of their common shareholder, G King”.

Tax experts could also …