Polygon News

Polygon purchases Block 3, The Forum, St Helier, Jersey

Polygon has made its first Jersey property investment in buying Block 3 of the Forum in St Helier. This 5 floor office block will be the new premises for another Polygon Group company, Vantage Limited, and will be upgraded for the current tenants and prospective new ones.

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Polygon Group forms the first protected cell captive insurance company in Jersey

Black Pearl Insurance 1 PC will act as a captive insurance company to insure some of Polygon’s professional liability risks, including professional indemnity and directors’ and officers’ risks. This is the first cell of an insurance protected cell company to be awarded regulatory approval from the Jersey Financial Services Commission (JFSC). The captive is a cell of Polygon Group’s protected cell company Black Pearl Insurance (Jersey) PCC.   It will be managed by Vantage Limited, who will also offer cells in the PCC to its clients.

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Polygon Sponsor Racing Catamaran

Two Guernsey sailors together with the generous support of their sponsor Polygon have invested in what is now the fastest sailing boat in the Channel Islands. The modern, high tech Nacra F20 Carbon is at the cutting edge of performance catamaran design having been designed by the same team that have put together the new America’s Cup Class. Made almost solely from carbon fibre and with a huge sail plan, the power to weight ratio is mind blowing and trying to keep this all under control are James Read and Matt Atkinson.

James comments; “having raced the Hobie Tiger successfully for 3 seasons we felt that it was time to step up into a bigger more powerful boat, the F20 Carbon was the logical choice and so far the performance has not disappointed!”

The pair are going to compete in a number of local races in Guernsey and Jersey with the aim to break the course records along the way. Sometimes this will not be possible but should the right conditions prevail they certainly have the right tool for the job.

Martin Belcher, Chairman of Polygon comments; “as a local business it is very exciting to be involved with a project like this, the boat looks terrifyingly quick and I am very envious of James and Matt getting to sail it!”

James and Matt put this speed to good use recently winning their first race, the Chris Babbe Pursuit Race.

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Le Marchant Holdings Limited has changed its name to Polygon Properties Limited in order to reflect the link to Polygon.

Le Marchant Holdings initially owned 2 properties on Le Marchant Street. Now that it holds 3 further investments and is looking to further opportunities, the decision was made in August 2013 to change the companies name to align it to its parent. In addition, a new Jersey-domiciled company called Polygon Properties Limited has been setup and is owned by the Guernsey Polygon Properties Limited.

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Board changes

Polygon Group Limited and Polygon Investments ICC Limited add further financial and property expertise to their Boards.

Polygon Group and Polygon Investments ICC have further enhanced their Board of Directors with the appointment of 3 executive Directors and one non-executive Director. Amanda Groves, currently Director on Polygon Investments ICC has been promoted to the Polygon Group Board. Michelle Robilliard FCCA and Camilla Starr ACA are both qualified accountants actively assisting underlyling investment companies and the Group with financial management and direction. Michelle, currently Group Finance Director and Finance Director of Vantage Ltd, has been appointed to both Polygon Group and Polygon Investments ICC and Camilla, currently Finance Director of Adding 1 Ltd. has been appointed to the Board of Polygon Investments ICC. They were appointed in October 2012.

Charles McHugh MBA MCMI brings his considerable skill in property development and management to assist with the management and expansion of the Polygon property portfolio. Charles, appointed to the Polygon Group Board in July 2013, is currently active in the Guernsey property development market via his company Strategic Development Partnership.

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2013 Law At Work Pursuit Race

Law at Work are pleased to be sponsoring the Guernsey to Alderney Pursuit Race for the 3rd year. This years’ race is to take place on Saturday 17th August 2013. More details to follow.

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Sponsorship of GRFC

Polygon is delighted to continue supporting The Guernsey Rugby Football Club as Silver Sponsor and wishes the team much success throughout the current season.

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Law At Work Pursuit Race Guernsey To Alderney

SATURDAY 11th August 2012
1st Start 10.30hrs

Time Trial from St. Helier to St. Peter Port on Friday 10th August 2012 will be run in conjunction with, and as a feeder race for the Law At Work Alderney Race
Jointly organised by the GYC, RCIYC, ASC and Law At Work Reception and refreshments at the Alderney Sailing Club from 1800hrs

Multiple prizes including:

1st – 5th overall, 1st Bilge Keel, 1st Jersey Yacht, 1st Family Yacht, 1st Alderney Yacht, 1st Non-Channel Islands Yacht
Handicaps based on Portsmouth Yardstick
Entry Fee £20

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Heritage Sponsors Hope for a Child Reception

Heritage is delighted to announce their sponsorship of the Hope for Child Champagne Reception being held on Saturday 7th July 2012 at St Pierre Park Hotel, Guernsey.

Heritage has supported the charity for over 3 years through the Abandoned Challenge held annually during the summer months. The aim of the challenge is to find the most unusual and daring locations to stay for one night and raise sponsorship for a deserving cause in the process.

Hope for a Child is a Guernsey based charity whose vision is to see children rise from poverty in the poorest areas of the world through empowering mothers to earn, build a business which in turn leads to sustainable family income.

For more information on the event, please download the flyer here.

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Guernsey Choral & Orchestral Society

Polygon is delighted to be sponsoring the Guernsey Choral & Orchestral Society’s May concert to celebrate the Queen’s Diamond Jubilee and we wish them much success at St James.

Polygon has transformed itself from an insurance company in the 1990’s into a successful investment company supporting and investing in Channel Islands businesses. We search for new investment partnerships where our capital and management expertise can create added value for both our partners and Polygon. Typically, we invest to own 50% alongside an existing management team to facilitate a management buyout or back a new venture.
The Polygon team provides Directors, investment, accounting and company secretarial skills. Current investments include the Heritage Group Limited, Vantage Limited, Law At Work Channel Islands Limited, Adding 1 Limited and the Vauxlaurens Brewery redevelopment.

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