Company Law Compliance Ltd

KEMI's statement that "BPC has undertaken its usual due diligence in respect of [the investment of US$50.4m in a Luxembourg fund that falsely claims to be regulated by the Bank of Engalnd and FCA] in line with its investment processes." has rather let the cat out of the bag. BPC states that: "The mission of British Patient Capital is to enable long-term investment in innovative UK companies led by ambitious entrepreneurs who want to build successful, world-class businesses."  https://www.britishpatientcapital.co.uk/about/our-mission BUT BPC's objects are defined by statute in its incorporation documents: That doesn't seem to envisage or provide for investment in non-UK funds making investments in the USA and Europe, let alone ones that pretend to be regulated by The Bank of England, as set out in BPC's own propaganda.  https://www.britishpatientcapital.co.uk/about/our-portfolio BPC has a long history of investing money with Fund Managers and then co-...

 Copy of 2 identical letters UNSIGNED received by the Royal Mail today. https://app.box.com/s/9h9l6xh4obu9j74rrwabsnqw5rbm6krn More than 6 Months after initial Investigation request made: "Whoops we forgot to tell you 4 months ago we were going to do nothing because we thought KEMI was going to write to you" "Please pass your complaint to the Registrar of Companies for her to decide what to do next" "How dare you write to Directors of The Insolvency Service at their home or other office addresses when we haven't replied to you for more than 6 months - we are going to call in the Police if you dare do it again". AND  " We confirm that BRITISH PATIENT CAPITAL Limited invested more than US$50,000,000 knowing that the dodgy offshore manager was claiming to be regulated by The Bank of England when it wasn't. ......................................... Note to all criminals from The Secretary of State for Business and Trade, The Rt Hon Kemi "co...

 Now here is effective regulation at work - much to the glee of the ToryGraph and other supporters of "no regulation in the UK - we need the 40% of the global money laundering to stay in the UK". https://metro.co.uk/2024/05/14/harry-meghans-delinquent-archewell-charity-banned-fundraising-20832948/?ico=newsfeed_news

An update for those who follow the UK's plumbing of the ever deepening abyss of failed Regulation by Kemi Badenoch (do join her for lunch in Woodbridge on the 23rd). If the "tickers" and their regulators can't get Company Law compliance right, and will all lie and cheat to cover it up, what hope for the UK as a centre of excellence? Vive la France? Methinks all the regulators need some REAL intelligence rather than Rishi's rush to very poorly implemented Artificial stuff. Following the demotion of Nigel Howell from Head of Regulatory at ICAEW to mere "forensic Accountant" and the removal of Michael Izza as CEO with a bizarre payoff for collectng and keeping for ICAEW the Fines handed out by FRC (£148m+) including £40m+ from KPMG.....  The FRC has written confirming that in relation to the multiple Breaches of the terms of the Delegation Agreements it has entered into on KEMI's behalf to implement strict liability Companies Act obligations on Statutor...

Financiers fret over 'leverage on leverage' in private credit https://www.reuters.com/markets/us/market-financiers-fret-over-leverage-leverage-private-credit-2024-05-11/ "In many cases, the money is being raised to pay investors in these funds, such as pensions and endowments, dividends to meet demands for payouts, the financiers said. That also enables the fund managers to ask investors for new money, generating more fee income. In some cases, the money is being used to prop up struggling portfolio companies or to invest in them for growth, and to fund new acquisitions." Is that why QUANTEXA has had to register 4 (yes FOUR) new charges at Companies House in the last 10 weeks? Surely it has some money left in the kitty from the less than 70% it said it had raised only a year ago? .................................. Evolution Equity Partners still claim to be Regulated by the Financial Conduct Authority but the FCA says  Unfortunately, we didn't find any results mat...

Dan's small print laugh exemplifies why automated Company Law Compliance systems matter. https://www.bbc.co.uk/news/articles/c84z2jqpvpko If he and I could bring down a Government Minister by reading the details..... A Director of KEMI's Insolvency Service has confirmed that she is helpfully putting more of the Zahawi documents into the public domain next Wednesday after which I shall make them available.  And where is Sarah? She's still missing more than 10 days later... when will Directors learn to obey the law?

Bye bye Zahawi Only 15 months after being exposed by me for his criminal activity in January 2023  and then immediately fired by The Prime Minister two days later: https://app.box.com/s/faxn3d7q2fymajg1t9ki7t92aeu1yr95 My report 26 January 2023:  https://app.box.com/s/c18w2biofxnifbnn3g4oe29zlau6qlmb Rishi Sunak's correspondence 3 days later: https://www.gov.uk/government/publications/advice-from-the-independent-adviser-on-ministers-interests-january-2023 Copies of all documents sent to Stratford Labour Party in December 2023 The attached letter and its attachment was sent to the Stratford Conservative Party (and Zahawi) at the time. I also attach a copy of Dan Niedle's article that you probably saw, and he referred me to his man at The Guardian who didn't need to write anything as the PM acted so swiftly on receipt of my letter. ICAEW upheld my complaint. The Stock Exchange said it was too late to do anything. If I can help in anyway to further help you discredit Za...

PUBLIC INTEREST DISCLOSURE CLAIMED Whilst no-one is holdng their breath or expects anything other than a cover-up, I thought it might be of more than passing interest to see the chronology and other documents provided to Institute of Chartered Accountants in England & Wales today as they escalate the complaint up one notch to  https://www.icaew.com/about-icaew/who-we-are/governance/professional-standards-committees/conduct-committee : Do click on the links and the Financial Reporting Council website. If you are concerned with ICAEW's (mis)conduct do send them a note asking them what they think they are doing. NB. CEO has been removed with more than £250k payoff (see June 2023 news sources) and Head of Regulatory has now been "demoted" to a mere Forensic Accountant  Original single consolidated pdf:  https://app.box.com/s/kdt4r35i4slmvl45mzyp3er8bedgk5mx CHRONOLOGY Re: Owen Pettifor, Member BDO llp and Statutory Auditor QUANTEXA Ltd. 27 June 2023 Domain name CLCL....

https://www.handbook.fca.org.uk/handbook/LR/5.pdf If I were a shareholder wanting to sell shouldn't I know the truth and facts?

Whilst we all wait for FCA, BVCA, VCTA, ICAEW and KEMI to report back (could be a very long time on past performance), I thought a very simple summary might keep the Albion scam to the forefront of  readers minds: Albion said : RNS 6 October 2023 [ALBION] is pleased to announce that it has sold a proportion of its holding[s] in Quantexa Limited at its current holding value[s], with the aim of managing its concentration risk. The proceeds for the Company are [ £8.5M ], equating to a [..] times return on its weighted average investment cost. This decreases the Company’s holding in Quantexa to [minimum 16.4 ]% Company's most recently announced NAV. The value of the Company’s remaining holding in Quantexa, following this transaction, is [ £85.2m ]. The disposal was realised at the Company’s current valuation, which crystalises a portion of the unrealised gain. There is no impact on the Company's NAV resulting from this transaction. [The law on RNS disclosures:   : https://...

https://www.londonstockexchange.com/news-article/CRWN/portfolio-update/16156958 The RNS was dated 7 days BEFORE QUNATEXA updated the records at Companies House for share allotments at £733.7 per share. I have been asked to clarify the position of Albion Capital Group and its appalling breaches of the Listing Rules when it transferred some Quantexa Series A shares from ite Premium Listed VCTs to its private off-market funds. The transfers were to a related party but were not disclosed as that contrary to every rule in the book. They were done at a 20% discount to the value of Series E shares and at a discount to the purchase price by the same off-market funds of Founders Ordinary A shares. Albion management participate as owners of both the VCTs and the private funds and disclose that they derive fees and performance incentives (based on Unrealised gains in the VCTs). The requirement to disclose related Party transactions is quite clearly set out in LR11 and there are exemptions for ...

" Other internal candidates will include Colin Bell, a former British Army officer who runs HSBC’s operations in Europe". The Times 1st May 2024 https://www.thetimes.co.uk/article/noel-quinn-hsbc-next-ceo-bank-0d8b80qlr Heaven help the world..........is no-one accountable for anything?  Perhaps tomorrow's HSBC AGM will shed more light on Mr Bell's position and future. This is the man who was Global head of Compliance at HSBC but who is now intimately tangled up in, and at the very centre of, fraud by Albion Capital Group. Rather reminds one of the immediate resignation of one of his predecessors before the US Senate in 2012 for HSBC's laundering the Mexico Cartel monies... Do read the Sifted report on why Investor Directors are so useless.  and seems to me don't ever rely on any of them for any compliance matters - least of all the one appointed by your Bank! https://sifted.eu/articles/founder-vc-relationships-2024/