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Board Directors


John Michael Edelson (Non-executive Chairman)

Aged 68, has been a Founder Director or Chairman of a number of companies admitted to the AIM market, including Prestbury Group plc, Knutsford Group plc, Mercury Recycling Group plc (now Ironveld plc) and ASOS PLC.

He was a non-executive Chairman of Bramhall plc, subsequently renamed Magic Moments Internet plc and then Host Europe plc, which acquired Magic Moments Design Limited in September 1999, a company of which Abby Hardoon was one of the founding members. He has also been on the board of Manchester United Football Club Limited since 1982.

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Abby Hardoon Adulayavichit (Managing Director)

Aged 50, is a Business Administration graduate from George Washington University, Washington DC USA. He was a founder of NETDesign Limited and Magic Moments Internet plc. Following the admission of Magic Moments Internet plc to trading on AIM in September 1999, he served as Chief Executive Officer. Under Mr Hardoon’s leadership that company acquired two other hosting companies, WebFusion Internet Solutions Limited and One2One GmbH (now Host Europe GmbH). Following the acquisition of One2One GmbH, Magic Moments Internet plc was renamed Host Europe plc. Mr Hardoon, together with his team, successfully grew the combined business organically into profitability until it was sold in April 2004 to PIPEX Communications plc for over £31m.


Julie Ann Joyce (Finance Director)

Aged 47, is a Fellow of the Chartered Association of Certified Accountants. She was employed as Finance Manager of WebFusion Internet Solutions Limited, an internet hosting company which was bought by Magic Moments Internet plc in May 2000. She became Group Financial Controller for Host Europe plc and its group companies following its acquisition of WebFusion Internet Solutions Limited and continued in this role for the SME hosting division of PIPEX Communications plc after the successful sale to PIPEX in April 2004. She also has extensive auditing and private practice experience, having spent 10 years in this sector prior to her move into commerce and industry.


Robert Khalastchy (Non-Executive Director)

Aged 50, is a graduate of the University of Sussex where he received a Bachelor’s degree in Electronic Engineering. Mr Khalastchy has been involved in commercial property management for the last 20 years, working with high net worth overseas clients, assisting in the management of their total UK portfolio and various planning applications, as well as the day to day management of the portfolio.

In 2001 he set up RK Management Limited, a commercial property portfolio company, dealing with overseas and local clients. RK Management Limited successfully grew its property portfolio to over £35 million, and subsequently sold the majority of its portfolio in 2007 & 2008. Since that time Robert has been involved in residential block management and set up Sterling Property Management (UK) Limited at the end of 2010 for this purpose. Sterling Property Management (UK) Limited has been growing steadily and continues to do so.



Details of the committees


The Audit Committee and Remuneration Committee will consist of Michael Edelson and Robert Khalastchy. Michael Edelson will be the chairman of both committees.

The Audit Committee

The Audit Committee oversees the relationship with the company’s auditors, determining the terms of their engagement and will also determine, in consultation with the auditors, the scope of the audit. The Audit Committee will receive and review reports from management and the Company’s auditors relating to the interim and annual accounts and the accounting and internal control systems in use throughout the Company. The Audit Committee has unrestricted access to the Company’s auditors.


The Remuneration Committee

The Remuneration Committee reviews the scale and structure of the executive directors' and executive management remuneration, including share option schemes and other bonus arrangements. The remuneration and terms and conditions of the non-executive directors are set by the executive members of the Board.

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