Gib Ledger

Gibraltar's public money, explained.

[Gib Ledger @GibLedger]

The Rooke Files: our sources, in full. Hansard, the press releases and the registers, all listed. The ten paid documents came to £110 in fees. Every line in the series traces to one of them. If we missed something, tell us.
#GibLedger

[Gib Ledger @GibLedger]

Part 7 of The Rooke Files. The GHA buys the Rooke for over £38m, price undisclosed until the lending closes, funded by a commercial bank and repaying what the Gibraltar Savings Bank put in. The financing statement is due this month. How much comes back to our Savings Bank?

[Gib Ledger @GibLedger]

Happy National Day, Gibraltar.
Six numbers from the public record, every one of them ours.
Proud of what we have built together, and excited about how far we can take it!

#GibraltarNationalDay #NationalDay2026 #Gibraltar #Gib #Llanitos #GibLedger

[Gib Ledger @GibLedger]

Part 6 of The Rooke Files. Plans change, and care plans should. But we have not been told why this one changed, or when. Parliament still has not got the Rooke funding breakdown it asked for in June. The promised statement is due this month.

[Gib Ledger @GibLedger]

Part 5 of The Rooke Files. We bought the share registers. Nobody privately owns the Rooke: a registered charity has owned it since the day it was formed, and owns the funder, half the builder and the CCU. Our money is on both sides. Shouldn't that mean fuller disclosure?

[Gib Ledger @GibLedger]

Part 4 of The Rooke Files. Said: "not taxpayers' money" (2020); "privately owned, privately operated" (2024); "not... owned by the Government" (2025). The record: a charity has owned it since formation, and a Government company held half the builder until Sep 2023. Which was it?

[Gib Ledger @GibLedger]

Part 3 of The Rooke Files: "about £38 million" via Gibraltar Savings Bank loan notes, ~£3m repaid before the building opened, from income nobody can point to. And the list of companies paid? "Commercially confidential", Parliament was told.
#GibLedger #Gibraltar #TheRookeFiles

[Gib Ledger @GibLedger]

Part 2 of The Rooke Files. The Savings Bank funded the Rooke for two years before its owning company existed. When it was created, nobody bought it: it went to a charity, same day. If no investor's money was at risk, whose was? Ours. Part 3 follows the money.
#GibLedger

[Gib Ledger @GibLedger]

The Rooke Files, Part 1: the building. 170 en-suite rooms, capacity 218 v 130 at Mount Alvernia, run by the GHA, staff jobs protected, moves at each resident's own pace. Genuinely good news.
Part 2 tomorrow: how a home promised for 2023 opens in 2026.
#GibLedger #Gibraltar

[Gib Ledger @GibLedger]

@LaLlave1704 @rockfallgib @GBCNewsroom Same names on both public registers, from the filed forms. We are not suggesting any wrongdoing; we are pointing out what the public record shows. Who actually owns Rooke Holdings is still not public, we will continue to dig. (4/4)

[Gib Ledger @GibLedger]

@LaLlave1704 @rockfallgib @GBCNewsroom But the entry still tells us something. The two names on it, Douglas Ryan and Peter Michael Cleverly, are the same two names filed at Companies House as the directors of the Community Credit Union, the private lender we traced Savings Bank money to in our earlier posts. (3/4)

[Gib Ledger @GibLedger]

@LaLlave1704 @rockfallgib @GBCNewsroom When nobody is identified as holding more than 25% of a company, the register lists its senior managers instead. So it cannot tell us whether the owners are many small holders, another company, a trust or a public body. (2/4)

[Gib Ledger @GibLedger]

@LaLlave1704 @rockfallgib @GBCNewsroom Thank you, and good spot. The register is free to search at https://t.co/xBXp1xR9wY. We looked up Rooke Holdings Limited there. It shows no beneficial owner at all, just two directors listed as "senior managers", each holding 0% of shares. (1/4)

[Gib Ledger @GibLedger]

@rockfallgib @GBCNewsroom We are digging into this and will look to address this through our upcoming series, if we can. Stay tuned!

[Gib Ledger @GibLedger]

3/ The company holding the building shows no beneficial owner on the public register: two directors, 0% of shares each. Lawful. In June 2026 Parliament asked for the full funding breakdown. Not provided. A statement is due this month. #GibLedger

[Gib Ledger @GibLedger]

The Rooke is finished, and our elderly deserve it. How it was paid for deserves daylight: £38m of Savings Bank money, a "private" build, a register showing no owner, and now a public buy-back at a price not yet disclosed. The Rooke Files, a new series, starts today.

[Gib Ledger @GibLedger]

2/ £38m of Gibraltar Savings Bank money at peak, £35m still out in June 2025. Both figures from Hansard. Parliament was told the project was "not... owned by the Government". GBC reported a joint venture involving the Government built it.

[Gib Ledger @GibLedger]

Fair question. Short answer: no, one company going under would not bring the rest down with it.

Each loan is its own contract, so the other borrowers would still owe what they owe. And every one of these loans has registered security behind it, meaning if a borrower fails, the Credit Union has a claim over that company's assets before ordinary creditors get a look in.

As for your own savings, deposits in the Gibraltar Savings Bank are guaranteed by the Government (taxpayer) under the Gibraltar Savings Bank Act. No single company decides whether your money is safe.

The one thing nobody outside can tell you is the size of any of it, because the amounts and terms have never been published. That is exactly what we keep asking for.

[Gib Ledger @GibLedger]

Eighteen public documents, £180, and we still cannot tell you how much was lent, at what rate, or who the full list of borrowers are. Our savings sit behind this chain.
Should the Government publish the names, amounts and the terms?
#Gibraltar #PublicMoney #GibLedger

[Gib Ledger @GibLedger]

You cannot search Gibraltar's charges register by lender. One company at a time, £10 a guess, only if you already know its name. New charges are announced nowhere. The CCU does not release its accounts. The Govt will not tell us who it lends to. Should our savings be this hard to follow?
#Gibraltar #PublicMoney #GibLedger