Paramount resort: Developers parent company KEHC five months late filing accounts

By   June 6, 2016

The parent company of the developers behind a Paramount resort in Kent is nearly five months late filing its accounts, which could eventually lead to it surrendering its assets to the Crown.

KEHC (UK) Limited owns a controlling stake in London Resort Company Holdings (LRCH), the business which is working on submitting a planning application for a £3.2 billion theme park and hotels on Swanscombe Peninsula between Gravesend and Dartford. It also owns 100% of Ebbsfleet United Football Club and counts the club’s chairman, Dr Abdulla Al-Humaidi, among its directors.

His Kuwaiti company is bankrolling the planning application for Paramount resort due this summer, which its chairman, Steven Norris, revealed in April was likely to be delayed for another year, raising doubts over its 2021 opening date. Dr Al-Humaidi is also paying for the £5 million expansion of Ebbsfleet’s stadium, Stonebridge Road, which it bought from Gravesham council last month.

KEHC’s other directors are Fenlon Dunphy and David Testa, both long-running business associates of Dr Al-Humaidi and also directors at LRCH.

Its latest accounts were due on January 13 this year.

For the full article go to Kent Online.

Facebooktwittergoogle_plusredditpinterestlinkedinmailFacebooktwittergoogle_plusredditpinterestlinkedinmailby feather

Leave a Reply

Your email address will not be published. Required fields are marked *