Flats

Talking about registering interests, BBC Chair Richard Sharp resigned as a director of Roundshield Partners LLP ten days ago - the day before he formally took his role at Broadcasting House. He'd been with the company since April 2014. The Guardian claims exclusive for its report that Roundshield provided a company called Caridon with a £50m loan, in 2015, when Mr Sharp was chair of the Roundshield investment board. 

The loan financed the conversion of eight office blocks into 'flats' across south-east and south-west England, according to documents filed with Companies House, usually occupied by low-income tenants funded on Universal Credit. According to figures obtained from freedom of information requests to the Department for Work and Pensions, Caridon’s tenants received £1.6m in universal credit payments in the last financial year to cover their rent – more than the tenants of any other landlord in the UK.

Roundshield clearly spotted an opportunity (perhaps from closer than its Guernsey hq) and has representation on the Caridon board via Roundshield Luxembourg.