You are here: Home - News -

Jeremy Hunt apologises for breaking rules with company used to buy flats

  • 13/04/2018
  • 0
Jeremy Hunt apologises for breaking rules with company used to buy flats
Health secretary Jeremy Hunt has apologised after initially failing to declare an interest in a company set up to buy luxury flats.


The minister blamed “honest administrative mistakes” for not notifying Companies House or the parliamentary register of MPs’ interests of his share in the business.

Hunt took six months to declare his 50% interest in Mare Pond Properties Limited, which was set up to buy seven properties in Southampton in February, according to the Daily Telegraph.

It is claimed he did not inform the  parliamentary register of members’ interest in the business, which was set up with Hunt’s wife, within the 28-day limit.

A spokeswoman for Hunt reportedly said: “These were honest administrative mistakes which have already been rectified. Jeremy’s accountant made an error in the Companies House filing which was a genuine oversight.”

She also noted that the Cabinet Office has been clear there has been no breach of the ministerial code with respect to ministerial and parliamentary declarations.

She explained that Hunt declared the interest  after the company was set up and was advised that as it was a shell company with no assets or value, it should only be registered when it became operational.

“As such, Jeremy presumed the same rules applied to parliamentary declarations. Although there was no personal gain involved, Jeremy accepts these mistakes are his responsibility and has apologised to the parliamentary authorities,” she added.

There are 0 Comment(s)

Comments are closed.

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
Read previous post:
Metro Bank chairman Vernon Hill faces shareholder revolt over £21m to wife’s firm

Royal London is protesting Metro Bank’s continued multi-million pound use of the architecture and design firm owned by the wife...