Argyle Limited, a Gibraltar company cited by Senator Michael Fahy at a press conference on Friday as the entity into which some of an $18 million bridging loan in connection with Par-la-Ville Hotel and Residences Ltd was paid, had declared just £1,000 ($1,486) in assets in December 2013, documents show.

Sen Fahy told media last week: “Both the Corporation of Hamilton, me as steward and the mortgage holder are doing everything possible to obtain further details as to the whereabouts of the bridging loan money.”

Minimal information about Argyle Limited is easily available, although investigations show that it appears to remain active, and was started in December 2006 by a Robert McKellar, whose residence is stated to be Málaga Area, Spain. A Google cache of the company’s ‘About’ page on its now closed website stated: “Argyle provide corporate structures and investment opportunities to enable investors to participate in a variety of projects, matching their investment risk profile with the relevant project risk.

“Our business philosophy is to work with our select network of clients to locate and develop projects for investment.” Gibraltar’s Registry of Companies for December 2013 showed the total assets of Argyle Limited at £1,000.

An online zoominfo.com profile purporting to be that of Mr McKellar stated that he has “substantial experience in multi-currency transactions and international funding. He has successfully concluded funding for several multimillion dollar property projects, including raising finance, structuring of corporations and trusts for reduced tax liabilities, together with setting up and administering investment funds raised to maximise returns to the projects.

“In November 2000, Robert set up the Argyle brand to work in project finance to advise and arrange structuring of private placement bond sales and trustee investment work with Robert acting as consultant and advisor.

“From November 2000 Robert McKellar ran all business through the Argyle brand and formed Argyle Limited in conjunction with Amstel Securities, a multinational brokerage firm, employing over 103 staff with offices in 10 countries.”