Major Overhaul Needed At The National Property Trust

Major Overhaul Needed At The National Property TrustAll the stakeholders in The National Property Trust are demanding the immediate removal of the company's manager which is a completely owned subsidiary of the failed finance and property company St Laurence.

The group is lead by David Cushing, the son of Sir Selwyn Cushing and they own more than 10% stake in The National Property Trust. An emergency meeting of the board has already been requested by these members. The other companies include THT Properties, Highgate Group, RGH Holdings, Penmaen, Castlemore Investments and Yoyo Nominees.

The current situation is not acceptable to majority of the members. There has been a general consensus among the stakeholders over the management of The National Property Trust.

The National Property Trust Limited had offered a potential sale of shares in the management company but it did not include the management rights.

The National Property Trust Limited is currently under a debt of $43 million. Financial analysts have also called for better management of The National Property Trust. It is being argued that the stake of the concerned parties is at risk if the current system continues.

If the company does not immediately adopt these resolutions, it is being stressed that judicial intervention may be sought. All the stakeholders are pushing for an immediate resolution of the crisis.