Michael Shanly

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Michael Shanly
Born Michael James Shanly
December 1945
Occupation Businessman
Net worth GBP£320 million (2015)[1]

Michael James Shanly (born December 1945) is a British multimillionaire businessman. He is the founder of the Shanly Group, a housebuilder and commercial property investment firm. He was the only Briton to be "publicly identified" for failing to declare taxes on his Swiss bank account prior to Swiss Leaks.[2] [3]

Early life[edit]

Michael James Shanly was born in December 1945.[4]

Career[edit]

Shanly founded the Shanly Group, a property company headquartered in Beaconsfield, Buckinghamshire in 1969.[5][6] Its commercial property subsidiary, Sorbon Estates, has invested in market towns including Amersham, Marlow, Maidenhead, Windsor, Berkhamsted and Weybridge.[7]. Michael Shanly is a founder member of The Partnership for the Rejuvenation of Maidenhead (PRoM)[8] a group established in 2008 with a desire to regenerate the town centre.[9][10] As part of this, Shanly Homes has created Chapel Arches, a three phase scheme off the High Street which will provide 242 new homes across more than three acres, linking with the Maidenhead Waterways project.[11]

Overall, Shanly is the owner of nine companies.[1]

According to the Sunday Times Rich List, Shanly was worth an estimated GBP£265 million in 2014.[1] As of 2015, he is worth an estimated GBP£320 million.[1] In 2012, he was found guilty of tax evasion on his mother's inheritance via a Swiss bank account.[12] He was fined GBP£469,444 for it.[12] He was the only Briton to be "publicly identified" for failing to declare taxes on his Swiss bank account prior to Swiss Leaks.[3] This money had already been donated to a children's charity in 2008.[12]

Philanthropy[edit]

Michael Shanly set up a charitable trust in 1997 to help members of society across a broad spectrum of worthy causes including the young, the elderly, those with a physical handicap, mental illness, injury or life limiting illness.[13]

In 2015, Michael Shanly was ranked 122nd in Britain’s top 200 donors.[14]

In 2017, the Shanly Foundation teamed up with The Scout Association to launch a Building Futures competition to improve meeting places for Scout Groups. Offering 12 prizes ranging from £5,000-£100,000 this was the Foundation’s biggest donation to date.[15] The Woodhouse Eaves Scout Group in Loughborough was announced as the main winner and was awarded £100,000 to build a new Scout hut. Michael Shanly himself is a former Scout.[16]

The Shanly Foundation has also had a long-standing partnership with The Woodland Trust since 2010. The Shanly Foundation has helped raise more than £350,000 and funded the planting of more than 20,000 trees specifically in the Heartwood Forest, Hertfordshire.[17]

References[edit]

  1. ^ a b c d "Sunday Times Rich List". The Sunday Times (page 56). April 26, 2015.
  2. ^ Syal, Rajeev (1 November 2016). "HMRC investigating £1.9bn in potential tax avoidance by super-rich". the Guardian.
  3. ^ a b Crace, John (4 November 2016). "The Spectator hands out more of its sad awards – where was mine?". the Guardian.
  4. ^ "Shanly Group Limited". Companies House. Retrieved 22 October 2015.
  5. ^ "About Us". The Shanly Group. Retrieved October 21, 2015.
  6. ^ "Company Overview of Shanly Homes Limited: Michael Shanly". Bloomberg Business. Retrieved October 21, 2015.
  7. ^ "Offices, Moorings, Retail, Storage and Industrial units to let". www.sorbonestates.com.
  8. ^ "100 influential Berkshire and Buckinghamshire men".
  9. ^ https://www3.rbwm.gov.uk/info/200495/regeneration_projects/263/vision_for_maidenhead#
  10. ^ "PRoM delight at Town of the Year award for Maidenhead". www.sorbonestates.com.
  11. ^ "Artist impressions show next stages of Chapel Arches development".
  12. ^ a b c "Guilty tax dodger to pay £469,000". 4 July 2012 – via www.bbc.co.uk.
  13. ^ "About us - Shanly Foundation". www.shanlyfoundation.com.
  14. ^ "Sunday Times Giving List 2015". www.cafonline.org.
  15. ^ "Scout groups could win £100,000 in Shanly Foundation competition backed by Bear Grylls".
  16. ^ "Woodhouse Eaves win £100,000 to build their dream HQ".
  17. ^ "Shanly Homes - Our partners - Partnerships - The Woodland Trust". www.woodlandtrust.org.uk.