News and links relating to CYMAD cyf

Oh CYMAD, where did it all go wrong?

Launched in 1995, CYMAD - according to their one-page website - was a company which encouraged the strengthening of communities and whose main focus was the administration of the European Union's LEADER II programme to promote rural areas.  Although it all appeared to start out well, things took a sharp turn for the worse in 2006.  The suspension of a finance director started a chain of events involving a police investigation, a Department of Trade and Industry raid, the company website going offline never to return, a managing director being fined for false accounting, a £40,000 wrongful dismissal bill, the threat of bailiffs to settle said bill, and finally liquidation in 2009 ahead of an Audit Wales report highlighting the mismanagement of millions of pounds in public funding.

What follows is a timeline in headlines.


10th December 1999

Visitors seek sheep dog expertise
A deputation from the Pyrenees is due to arrive in north Wales to discover the craft of sheep dog training.

http://news.bbc.co.uk/1/hi/wales/557622.stm


29th April 2000

Village signs point to superhighway
A north Wales village could be the first place in the country to have its website address on road signs if the National Assembly gives the go-ahead.

http://news.bbc.co.uk/1/hi/wales/730569.stm


12th November 2003

Wool laboratory to open
A laboratory testing the quality of wool from across the world is to open in Gwynedd creating 20 new jobs.

http://news.bbc.co.uk/1/hi/wales/north_west/3262157.stm


13th March 2004

Plan to improve common land
A plan to revitalise common land surrounding former slate quarrying communities in north Wales has been given more than £360,000 in funding.

http://news.bbc.co.uk/1/hi/wales/north_west/3506156.stm


2nd July 2004

Seafood festival is a real catch
Gwyl Bwyd Mor Lloen - the Lloen Seafood Festival - will be held in the Gwynedd village of Nefyn today and tomorrow.

https://www.dailypost.co.uk/business/business-news/seafood-festival-real-catch-2925825


20th January 2005

Parents' Welsh homework helpline
A homework helpline is being set up to offer Welsh learners and their parents support outside the classroom.

http://news.bbc.co.uk/1/hi/wales/4189307.stm


21st January 2005

Answers to your kids' homework just a call away
Relief is on the way for English speakers struggling to help their children with Welsh homework.

https://www.dailypost.co.uk/news/north-wales-news/answers-your-kids-homework-just-2917904


6th January 2006

Shock suspension for finance boss
The finance boss of a North Wales enterprise agency last night told of his shock at being suspended from his job.

https://www.dailypost.co.uk/news/north-wales-news/shock-suspension-for-finance-boss-2899526


2nd May 2006

Assembly urged to probe Cymad
The National Assembly was last night urged to investigate enterprise agency, Cymad, amid concerns over its running.

https://www.dailypost.co.uk/news/north-wales-news/assembly-urged-to-probe-cymad-2893902


26th May 2006

Police inquiry on business agency
North Wales Police have confirmed a police investigation is being held into Porthmadog-based business agency Cymad.

http://news.bbc.co.uk/1/hi/wales/north_west/5020986.stm


8th June 2006

No end to row over agency's suspended boss
Talks to resolve a dispute between a North Wales enterprise agency and its suspended finance boss have failed.

https://www.dailypost.co.uk/news/north-wales-news/no-end-row-over-agencys-2892712


15th June 2006

Business agency employee charged
An employee of north Wales-based business agency Cymad has been charged with two counts of false accounting.

http://news.bbc.co.uk/1/hi/wales/north_west/5084152.stm


21st June 2006

Agency boss on accounting charges
The managing director of Gwynedd business agency Cymad has appeared in court charged with false accounting.

http://news.bbc.co.uk/1/hi/wales/north_west/5102890.stm


3rd August 2006

Officer may issue counter-claim
Cymad's sacked finance manager may issue a counter-claim for unfair and/or wrongful dismissal against his former enterprise agency employers.

https://www.dailypost.co.uk/news/local-news/officer-may-issue-counter-claim-2889841


21st September 2006

Council boss facing false accounting charges
Charges to be heard in October

https://www.accountancyage.com/2006/09/21/council-boss-facing-false-accounting-charges/


21st September 2006

Enterprise agency boss faces false accounting charges

https://www.accountingweb.co.uk/business/financial-reporting/enterprise-agency-boss-faces-false-accounting-charges


5th October 2006

Company directors 'sacking shock'
Two directors of a Gwynedd-based company are seeking legal advice after documents were sent to Companies House sacking them.

http://news.bbc.co.uk/1/hi/wales/north_west/5410128.stm


5th October 2006

Directed out
Two directors of a Porthmadog-based call centre company claim they have been wrongly removed from office.

https://www.dailypost.co.uk/news/local-news/directed-out-2887619


14th December 2006

Agency in probe raided by officials
The offices of a troubled North Wales enterprise agency have been raided by investigators believed to be probing its financial affairs.

https://www.dailypost.co.uk/news/north-wales-news/agency-probe-raided-officials-2884474


11th January 2007

Cattle grids are a cause for concern
Calls have been made for the Welsh Assembly Government and enterprise agency CYMAD to resume work on the controversial and half-completed cattle grid and fencing in Fron.

https://www.dailypost.co.uk/news/local-news/cattle-grids-cause-concern-2882318


2nd May 2007

Boss wrote 'wrong' cheque stubs
The ex-managing director of a Gwynedd business agency has told a court he wrote incorrect information on cheque stubs, but denied false accounting.

http://news.bbc.co.uk/1/hi/wales/6616773.stm


3rd May 2007

Cymad boss: I didn't have sex with worker
A North Wales enterprise agency boss yesterday denied having a sexual relationship with a female employee to whom he paid overtime.

https://www.dailypost.co.uk/news/north-wales-news/cymad-boss-didnt-sex-worker-2873097


4th May 2007

Cheques case jury sent home
The jury in the trial of a North Wales enterprise agency boss accused of writing two false cheques resumes its deliberations today.

https://www.dailypost.co.uk/news/north-wales-news/cheques-case-jury-sent-home-2873163.amp


4th May 2007

Boss fined for false accounting
The managing director of a Gwynedd business agency has been found guilty of false accounting.

http://news.bbc.co.uk/1/hi/wales/north_west/6624483.stm


8th March 2008

Troubled firm’s affairs to be aired in tribunal
Whistleblower claims unfair dismissal

https://www.dailypost.co.uk/news/north-wales-news/troubled-firms-affairs-aired-tribunal-2840780


18th March 2008

Finance manager unfairly sacked
A Gwynedd enterprise agency has admitted it dismissed its finance manager unfairly.

http://news.bbc.co.uk/1/hi/wales/north_west/7302386.stm


18th March 2008

Former Cymad employee wins tribunal
A whistleblower sacked unfairly after spotting his boss had signed cheques fraudulently was yesterday awarded £40,000 compensation.

https://www.dailypost.co.uk/news/north-wales-news/former-cymad-employee-wins-tribunal-2841998


20th March 2008

Mystery surrounds Cymad director's departure
A well-known businessman resigned as a voluntary director of troubled rural development company CYMAD Cyf two months before a sacked whistleblower won his employment case this week.

https://www.dailypost.co.uk/news/local-news/mystery-surrounds-cymad-directors-departure-2842304


17th April 2008

Bailiffs to visit Porthmadog agency to recover £40k
Bailiffs will visit a troubled North Wales enterprise agency to recover £40,000 compensation awarded to a former worker.

https://www.dailypost.co.uk/news/north-wales-news/bailiffs-visit-porthmadog-agency-recover-2837864


14th July 2008

Agency chief quits his post
The boss of a troubled enterprise agency has quit to focus on his own food production and marketing venture.

https://www.dailypost.co.uk/news/north-wales-news/agency-chief-quits-his-post-2825918


20th August 2008

Cymad has still not paid damages
A troubled North Wales enterprise agency is £½m in debt, and still has not paid the £40,000 it owes to an unfairly dismissed ex-employee.

https://www.dailypost.co.uk/news/north-wales-news/cymad-still-not-paid-damages-2818143.amp


27th August 2008

Payment for wrongly sacked worker
A long-running dispute between an enterprise agency and a former employee unfairly dismissed for revealing forgery within the firm has ended.

http://news.bbc.co.uk/1/hi/wales/north_west/7584131.stm


27th August 2008

Cymad pays £40k to former employee
A troubled North Wales enterprise agency has settled its dispute with an unfairly dismissed ex-employee.

https://www.dailypost.co.uk/news/north-wales-news/cymad-pays-40k-former-employee-2819083


28th August 2008

Unfair dismissal claim is won as Cymad pays £40k
An unfairly sacked whistleblower has finally been paid £40,000 compensation by his previous employers.

https://www.dailypost.co.uk/news/local-news/unfair-dismissal-claim-won-cymad-2819143


13th August 2009

Cymad in liquidation
A troubled North Wales enterprise agency has gone into voluntary liquidation – owing an estimated £200,000 to the Inland Revenue.

https://www.dailypost.co.uk/news/north-wales-news/cymad-in-liquidation-2780653


17th May 2010

Audit Wales report
The management of public funding by Cymad Cyf

https://www.audit.wales/publication/management-public-funding-cymad-cyf


17th May 2010

Auditors urge grant-making checks
Grant-making public bodies should make sure the organisations they award money to are financially robust, auditors in Wales have said

https://www.publicfinance.co.uk/news/2010/05/auditors-urge-grant-making-checks


18th May 2010

Enterprise firm Cymad Cyf mismanaged public funds
A company set up to help rural development mismanaged and "could not account" for some of its £3.6m of public funding, an audit report says.

http://news.bbc.co.uk/1/hi/wales/north_west/8687388.stm


18th May 2010

Cymad mismanaged £3.6m of public cash says report
A North Wales enterprise agency which collapsed owing thousands of pounds, did not manage effectively the £3.6m public funding it received, a report by the Auditor General for Wales reveals.

https://www.dailypost.co.uk/news/north-wales-news/cymad-mismanaged-36-public-cash-2755836


18th May 2010

Private enterprise agency 'mismanaged public funds'
A collapsed private enterprise agency mismanaged £3.6 million of public funding, a report has claimed.

https://www.walesonline.co.uk/news/wales-news/private-enterprise-agency-mismanaged-public-1918642