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Dunas Beach Resort PropertySal, West Coast, Algodoeiro Bay near Vila VerdeThis developer has threatened commentators with lawyers so we will make no comments.We do have a company by the name of The Resort Group PLC No 98967, as yet we do not have any accounts filed. Jennifer Wiley +350 200 78193 jennifer@companieshouse.gi It has a UK sales office called The Resort Group (UK) Ltd in Derby, which files accounts. Its parent company is called The Resort Group PLC registered in Gibraltar.The company claims the following:. It is not TRG policy to release financial information, none the less such information would not provide any useful data since this entity provides only administrative, sales and marketing support as a representative office and as such only incurs overhead associated costs which are ultimately recharged to their projects.. There are no audited accounts available for the PLC, this is Gibraltar based so there is no legal requirement either to undertake or file audited accounts. Assuming they were to do so the figures at 2009 year end would show very little anyway as these accounts are not consolidated (i.e. inclusive of costs incurred elsewhere - such as Cape Verde) and would just show the costs incurred in Gibraltar. Accounts for the other parts of the Group (such as the Lda's in CV) are compiled separately but at this stage of the development cycle again they would not show an awful lot, basically various costs incurred to date in anticipation of future sales activity, the resulting figures for which would only be shown when legal completion takes place. |