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Showing posts from December, 2024

Delighted to see that The Conservative Party is still delinquent with its PSC and other filings at Companies House. [EDIT: Re QUANTEXA 1st January 2025]

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That should come as no surprise given that Kemi Badenoch is once more the miscreant and she was personally the overseer of corruption at BEIS that led to staff being fired for corruptly taking money from her Licensed Insolvency Practitioners. They also forgot that one of their number had resigned 5 months before the General Election. Does no-one at CCHQ understand that if you want to take advantage of Limited Liability you must comply with the disclosure and reporting obligations? They have been told enough times. EDIT 01.01.25 Such appalling and needless Reputational Damage beggars belief, but does rather sum up the horrors of the UK as a sensible jurisdiction in which anyone should ever invest.

[EDIT 22 December] Why does Octopus Titan VCT increase the value of its holdings in Elliptic Enterprises (No: 3 on the Quiz list) when Albion Capital Group wrote their valuations for its managed VCT's down?

Does no-one check/correlate consistency of valuations across the VCT sector? Elliptic's compliance record is appalling, but then it does have Ed Lascelles of Albion and that dreadful liar Richard Seewald of Evolution Equity Partners as 2 of the 6 directors so we shouldn't really expect anything else. Interesting to note that equity funding has dried up, as with Quantexa, so HSBC Innovation Bank has to step in with short term secured loans at >10%pa interest (in the case of Elleptic - Quantexa terms about to be revealed). Worth readiing Sifted's new Top 250 report. https://content.sifted.eu/wp-content/uploads/2024/12/04234513/Sifted-250-report.pdf Quantexa is missing from that list - a bit like Sarah Diamond! Is that a coincidence? Probably not. "Busted flush" is one expression that sprngs to mind, or should that be legless Unicorns or Centaurs. EDIT 22.12.24 I am intrigued: Octopus has invested about the same in Elliptic shares (<£8m) as "Perfidious...

A seasonal quiz.....[EDIT 5 January 2025 --- "and the results are in". It makes grim reading ]

How correlated are the risers and fallers in the RegTech 50 from 2023 to 2024 with their own Companies Act Compliance?   How many are peddling snake-oil like Quantexa? There are some truly dire examples of late filed (to hide funding problems) Share Allotments and even lots of those had to be later corrected, and subsequent and ongoing requests to delay filing accounts for 3 months that is always the portent of problems. But then what can you expect when one of the RegTech Judges, Chris Steele of KPMG , is one of the more than 500 tax scammers declared to ICAEW as being a member of KPMG when he is not an owner of any part of KPMG. Mind you when KPMG admit "steele"ing" more than £300,000 Trust monies what can you expect! You shouldn't need me to provide URL links to Register of Statutory Auditors and Companies House. Anyway here is the list - perhaps some of the snake-oil pedlars can use their own software to answer the question before 12th night after which the worst...