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02 March 2017
Firstport and ARMA-Q

A statement from Mr Paul Lester, CEO Knight Square (parent of Firstport group).

"One of our recent key successes in achieving ARMA-Q accreditation in the majority of the Firstport entities."

"WE HAVE ONLY ONE REMAINING APPLICATION WHICH IS IN ITS FINAL STAGES"

This statement was taken from Knight Square's accounts in 2014, and the "Only one remaining application which is in its final stages" refers to Firstport Retirement.

It is now March 2017, and still Firstport Retirement has not been accredited to ARMA-Q. They have not even been afforded associate status , which would have given them two years to aschieve ARMA-Q standards.

To put this into context, another firm, totally unconnected with Firstport, was struggling to achieve ARMA-Q status, but were very keen to be accredited.

ARMA sent a membe of senior staff to their office to help them in their ambitions, and a few weeks later the process was completed and they got their accreditation.

Compare and contrast?

A few weeks V nearly three years!

Of course Firstport have great influence within ARMA.

Sue Petri is a director of Firstport Bespoke (who according to their last published accounts lost 24 very high profile developments and whose profits fell from 726,955 pounds to 592,335 pounds which is unfortunate when the group is so heavily in debt, which will not be helped when the Gibson Court fire fine is imposed)

Sue Petri is a very senior member of ARMA.

She "Plays an active role in ARMA and is a member of the technical committee.

In December 2013 she was appointed to the governing body of ARMA and has continued to play a critical role in the development of ARMA-Q standards."

In a very unusual move,(due to the fact Firstport Retirement were not even members of ARMA) in June 2016 Firstport Retirement were found to have acted improperly at Mere Court by not disclosing their leasehold interest to residents when trying to sell the house manager's flat. They were also found to have acted improperly when failing to pass on 39,000 pounds that was due to the Hill Court service charge trust account.

A complaint concerning Firstport retirement's role in the Cirrus price fixing of 65 developments(which had been admitted by the company to escape OFT penalties was dismissed due to "Lack of evidence!"

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