WAQ70782 (e) Tabled on 26/07/2016

Is the Welsh Government aware of other companies owned by Michael Carrick, CEO of the Heads of the Valleys Development Company and if so, what checks has the Welsh Government done on Michael Carrick's other companies?

Answered by Cabinet Secretary for Economy and Infrastructure | Answered on 05/08/2016

At the date of the award of grant Mr Carrick was a director of 4 companies Aventa Capital Partners Ltd (Wholly owned by Michael Carrick), Rassau Track and Leisure Ltd (Wholly owned by Michael Carrick) Heads of the Valleys Development Company Ltd (Majority owned by Rassau Track and Leisure plus 7 other shareholders, including Mr Carrick) and Circuit of Wales Ltd (Wholly owned by Heads of the Valleys Development Company Ltd) Solvency and creditworthiness checks were made on each company. Since the date of the grant award Mr Carrick has been appointed a director of 7 other companies.