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It wasn’t just the OBR that screwed over The Chancellor of the Exchequer on 26 November 2025 .....

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If this is the best the UK can do, heaven help us. (aka why it pays to check Regulatory and Company Law Compliance filings against source documents ..) Someone got The Chancellor to put her name to yet more puff and promotion of the veritable dog of all time – run in part by ex MI5, MI6 and GCHQ “executives” and a global conman:- Richard Seewald of Evolution Equity that the British Business Bank has sent £tens of millions to, including in 2025, and whom the FCA, SEC and Bank of England still fail to hold to account for repeatedly lying to the SEC about being regulated in the UK as recently as 14 August 2025. (Box M page 2 Form ADV) https://assets.publishing.service.gov.uk/media/6925e64222424e25e6bc31b1/Entrepreneurship_prospectus.pdf Quantexa is not “a $2.6bn valued company” and The British  Business Bank knows it: ask for a copy of the Register of Members to see the scam BBB pulled in the “Series F” why does Quantexa never publish accounts until the v...
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More proof that the UK is the global centre of economic crime with thanks to yet more corrupt ICAEW members who know they will never be held to account

 Will anyone ever wake up in this "regulatory pox ridden" country? Today's Times: https://www.thetimes.com/business-money/companies/article/hmrc-bfi-film-tax-kl7kc09ld all anyone had to do was follow the compliance failures for the last decade: eg https://find-and-update.company-information.service.gov.uk/company/10494135/filing-history Even Kevin Hollinrake MP, Chairman of the Conservative Party, wasn't quite this bad when he had to admit his failings to Parliament and then doing nothing when he was the short lived responsible Secretary of State.  His public comments since then seem to contradict his previous denials of business inactivity - plus ca change. and as for the BBC illegal workers story:  https://www.bbc.co.uk/news/articles/c0mx99ple17o "Many of the businesses are dissolved after about a year, and then re-opened with small changes to official paperwork. These businesses have "all the red flags" associated with organised criminality, a financ...
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So what do we find now? CVC Capital Partners upto their necks in the Spanish mire - what a surprise - if only someone had checked their UK Company Law Compliance they would have smelt a rat and spotted the outright lies that always precede or accompany fraud.

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https://www.ft.com/content/6739ee96-9f5e-42ce-bc3e-3d0b805c109f copy at  https://www.ft.com/content/6739ee96-9f5e-42ce-bc3e-3d0b805c109f The clues have always been there but no-one runs simple compliance checks with Real not Artificial Intelligence and then "follow the money". If CVC will lie about even the simple stuff for 8 years... (see the next entry) Is anyone in the Investment Management sector even half competent and not tax evaders let alone compliant with the law? Certainly not the members of Albion Capital Group llp!
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[UPDATE 26 OCTOBER 2025] Company Law compliance to yield immediate £1,000,000,000+ pa for the Chancellor of the Exchequer by stopping Tax fraud by Limited Liability Partnerships of Chartered Accountants and Solicitors

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[UPDATE 26 OCTOBER 2025] Don't you just love the response of the Accountants, Solicitors and Investment Managers? https://www.ft.com/content/318572d7-8442-4637-bcfa-c1fc3a7fb8f5 They all want the benefit of Limited Liability but to only be taxed as if they had personal liability. And to cap it all " we will have to charge more to HM Government and all our clients"  - uh no...... YOU WILL HAVE TO ACCEPT LESS TAKE HOME PAY as the price of Limited Liability just like all Directors of your clients.  Is the greed of Accountants, Solicitors and Investment Managers without limit? Few of them are worth, or can justify, more than £500k pa gross in any event. Will it drive them all away to Dubai etc?  Not a cat in hell's chance when the likes of KPMG can have their cake and eat it by lying about more than 500 people being owners of the LLP for one part of the Companies Act but not other parts - aided and abetted by ICAEW as they publicly admit. The fetid swamp that is the delib...
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Signs of life in Cardiff or just more hot air?

 The latest published guff so don't hold your breath. https://www.gov.uk/government/publications/companies-house-strategy-2025-to-2030/companies-house-strategy-2025-to-2030 The Registrar’s objectives are to: ensure that anyone who is required to deliver a document to the registrar does so (and that the requirements for proper delivery are complied with) ensure information contained in the register is accurate and that the register contains everything it ought to contain ensure that records kept by the registrar do not create a false or misleading impression to members of the public prevent companies and others from carrying out unlawful activities or facilitating the carrying out by others of unlawful activities
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[UPDATE 03.09.25] Can things get even worse for UK plc that is already bust?

 Oh yes. The incompetence of the Regulators - ICAEW, SRA and FCA knows no bounds. And that is not my opinion:  https://taxpolicy.org.uk/2025/09/02/axiom-ince-a-64m-failure-a-4300-penalty/ Do follow the replies to Dan's blog from so many ICAEW "disgusted of Tunbridge Wells" members who forget that ICAEW states it exists to "protect the shiny badge".  And then ask yourselves whether the Department of Trade (or whatever it calls itself these days!) should be axing its staff (  https://www.politico.eu/article/uk-government-trade-department-20-percent-workforce-cut/ ) when it really needs to double the headcount in Cardiff which would be self financing.  ............................................ [UPDATE 03.09.25] I forgot the link to Dan's weekly list of miscreants (PLCs only!) some of whom are FCA authorised. NB Companies House states that fines for late filing can't be raised until accounts are actually filed - you really couldn't make that up. Welco...
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And now The Association of Investment Companies is guilty of breaches of The Companies Act ...... no surprise there then.

"DYOR"..............With 12% of their members being VCTs ("Voracious Crooks & Thieves") it should come as no surprise that any entity that appoints Will Fraser-Allen or Patrick Reeve as a Director is incapable of complying with Company Law Compliance - if they can't even get their own VCT investments to comply, why would they get their Association to do so? Lot's more to come....
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Yet again...ICAEW confirms its members do not need to comply with Companies Act disclosures

 Received late Friday. https://vctponzi.blogspot.com/2025/08/albion-capital-group-and-howard-kennedy.html All documents available on request.
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[UPDATE 3 Aug] Now we have Howard Kennedy llp (in the person of Mrs Nikki Anne Edwards SRA no:396207) today serving notice of deliberate breach of Solicitors Undertakings given by her through Counsel in the face of the Court (aided, abetted, counseled and/or procured by the Directors of Albion Enterprise VCT plc)

The leading case is "Harcus" [ UKSC/2019/0098]  in which I made written appearances in the lower courts, not least because the defunct Harcus Sinclair firm includes the son of a Judge who, together with his colleagues, misused Client Accounts of Harcus Sinclair llp in direct money laundering that the SRA is "still" investigating. And all done to protect Howard Kennedy's gravy train of VCT fees and Solicitors and others who are Directors of the Albion VCTs. "Company Law Compliance" .... the Gift that keeps on giving. Going to be an interesting few weeks as this is "serious **** ". Patrick Reeve FCA of Albion Capital Group llp and then a Director of Albion Enterprise VCT llp, the party before the Court, is the person present in the Courtroom who personally instructed Mrs Edwards at the hearing. His professional qualifications now hang by a thread. ................................................................... [UPDATE 3 AUGUST] Heaven help ...
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Company Law Compliance failures lead to exposure of outright fraud and Market Abuse on LSE listed shares

https://albionvct2025agm.blogspot.com/ Using different valuations of the same thing and peddling share sales and buy-backs on LSE Listed companies based on those differences is fraud on shareholders. (see Asil Nadir and Polly Peck, and so many other scandals). Should come as no surprise to anyone familiar with Perfidious Albion and its lying and tax evading Designated Members, Will Fraser-Allen, Patrick Reeve and Vikash Hansrani.
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