NCA secures multi-million pound asset portfolio following proceeds of crime investigation

Property worth up to £8.1 million – including a villa in Tenerife, a Range Rover Evoque and 16 addresses in and around Bath in Somerset – have been recovered by the National Crime Agency (NCA) following a civil recovery and tax investigation. Four members of the same family (namely Shane Davies, 47, his wife Rhianna, 34, mother Sheila, 66, and sister Tracey, 48) agreed to surrender the assets having conceded that they were derived from the proceeds of unlawful conduct.

The property portfolio was acquired between 1998 and 2007. Investigations revealed that, between 2004 and 2009 alone, it generated rental and commercial income of more than £2 million. The portfolio included a seven-bedroom converted barn and mill in Norton St Philip, which on a holiday lettings website boasted an indoor swimming pool, jacuzzi and five bathrooms.

Also recovered was an 18th Century Georgian townhouse in Bath, which was operated as the Roman City Guest House, and the former Midford telephone repeater station.

The defendants additionally agreed to pay back £368,000 of rental income accrued from property lettings.

NCA investigators believe that the portfolio was acquired through mortgage fraud and the sale of controlled drugs. The Davies family had claimed that the sizeable funds used to purchase the properties were the result of “gifts”. This statement could not be substantiated.

Andy Lewis, the NCA’s head of asset denial, said: “This investigation has identified unlawfully-held assets worth millions of pounds. The Canary Islands holiday home and prestige vehicle represent the obvious trappings of wealth, but equally important is the recovery of numerous commercial and residential properties which will otherwise have continued to generate substantial revenue to which the defendants were not entitled. It’s vital to the UK’s economic well-being that assets are held legitimately. The NCA is determined to recover property acquired through the proceeds of serious and organised crime.”

The NCA’s investigation was supported by Avon & Somerset Police. Detective Sergeant Gareth Kitchener added: “This is a fantastic result that’is testament to the tenacity of the NCA’s investigators who took this case forward. It demonstrates that civil recovery powers are a powerful tool in the fight against organised crime.”

About the Author
Brian Sims BA (Hons) Hon FSyI, Editor, Risk UK (Pro-Activ Publications) Beginning his career in professional journalism at The Builder Group in March 1992, Brian was appointed Editor of Security Management Today in November 2000 having spent eight years in engineering journalism across two titles: Building Services Journal and Light & Lighting. In 2005, Brian received the BSIA Chairman’s Award for Promoting The Security Industry and, a year later, the Skills for Security Special Award for an Outstanding Contribution to the Security Business Sector. In 2008, Brian was The Security Institute’s nomination for the Association of Security Consultants’ highly prestigious Imbert Prize and, in 2013, was a nominated finalist for the Institute's George van Schalkwyk Award. An Honorary Fellow of The Security Institute, Brian serves as a Judge for the BSIA’s Security Personnel of the Year Awards and the Securitas Good Customer Award. Between 2008 and 2014, Brian pioneered the use of digital media across the security sector, including webinars and Audio Shows. Brian’s actively involved in 50-plus security groups on LinkedIn and hosts the popular Risk UK Twitter site. Brian is a frequent speaker on the conference circuit. He has organised and chaired conference programmes for both IFSEC International and ASIS International and has been published in the national media. Brian was appointed Editor of Risk UK at Pro-Activ Publications in July 2014 and as Editor of The Paper (Pro-Activ Publications' dedicated business newspaper for security professionals) in September 2015. Brian was appointed Editor of Risk Xtra at Pro-Activ Publications in May 2018.

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