Quantexa Ltd - a classic case of deliberate Company Law Compliance failures confirming that Unicorns really don't exist?
On 4 April 2023 Quantexa announced the completion of its Series E fund raising. https://www.quantexa.com/press/series-e-funding-round/ and https://news.crunchbase.com/venture/unicorn-board-april-2023/ Only one problem - no shares have ever been issued according to the records of the Secretary of State for Trade and Industry. https://find-and-update.company-information.service.gov.uk/company/10045407/filing-history (NB. Secretary of State owns part of Quantexa: https://www.britishpatientcapital.co.uk/press-release/british-patient-capital-invests-4m-in-quantexas-series-e-funding-round/ 3 months later, The Prime Minister Rishi Sunak was roped in to promote Quantexa. https://twitter.com/RishiSunak/status/1679044710944370689 On 3 August Quantexa finally produced its overdue accounts for y/e March 2022 (yes twenty two) audited only 3 weeks earlier. The results look rather "weak" - to use a neutral word. 14 August Chief Operating Officer resigns as Director, and Au