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 BDO's website "people" page states that they have 479 Partners/Owners https://app.box.com/s/2ogp8yi4p821h1ytkaua3wzyc43z41vx The Register of Statutory Auditors states they have 450 "Owners" : i.e. stated to be members of the LLP https://app.box.com/s/wftojnpy4py5j4hzw1ndoni8l8trnhca (NB - deduct the 39 persons from the 489 records for those shown as not being owners) Companies House records state they have only 332 Members/Owners https://app.box.com/s/eyvtf3cehliqp2v44z36smo72g1v3xuh Simple arithmetic does not seem to be BDO's strong poiint.which might, in part, explain why the Directors of Quantexa chose to change auditors in 2018 and then re-appoint BDO ever since. [EDIT 14.11.23] Confirmation that BDO have declared 450 people as being members of the LLP  to ICAEW can be found by reference to ICEAW's "Your Guide to maintaining your firm's record" and links to the forms that quite clearly state that a "Principal is ..... a Member ...

Copy of Request to Rt Hon Kemi Badenoch MP, Secretary of State for Trade and Business https://app.box.com/shared/static/6lyvok378pr2c50svzn37xv15aailqxe.pdf (PASSWORD PROTECTION REMOVED 12 Nov 2023) Copy of complaint to ICAEW re BDO https://app.box.com/s/k79xg5tyzl37ekqwv9gxzyy20x7w443f (PASSWORD PROTECTION REMOVED 12 Nov 2023)  NB: In common with Deloitte llp (see https://duhloitte.blogspot.com/ ) and so many other ICAEW firms, BDO LLP have not bothered to update Companies House records for the appointment of Quantexa's statutory auditor as a member of the firm on 1st November 2022, but at least they notified ICAEW whose records state that Mr Pettifor is a member of the firm but not a member of ICAEW. Worth running the internal BDO document against the records of Companies House. https://www.bdo.co.uk/en-gb/news/2022/bdo-promotes-33-new-partners-across-the-firm 13.11.23 Update: One should probably pity poor Claire Hudson from this list who hasn't been declared to either...

  Lo and behold.. On 11th and 12th October one Agency of the Department of Business and Trade states that its records are being amended to reflect the decision of a second  Agency purportedly taken on 19th April that yet a third Agency is responsible for investigating for the now admitted (in writing) criminal conduct of the directors of Quantexa Ltd.  What is the point of the Companies Act 2006 and the about to be enacted Economic Crime and Corporate Transaparency Bill? Will the auditors now resign for signing off on false statements made in Quantexa's very late filed accounts? Their Code of Ethics requires them to. The still unanswered questions: 1. Why did "Quantexa" feel the need to lie about the failure of its Series D and Series E fund raising and never to tell the truth, even in its statutory accounts, that its PR spin was knowingly false? 2.  Is this a common practice across the entire UK FinTech and RegTech sector?  "Who watches the watchers" - apparent...

Once more, as with the never completed Series D, the directors of Quantexa are shown to be living in a mythical world of unicorns and once more deceiving the public, their clients and their investors. The records of Companies House show a filing made on 10 October 2023 stating that 109,036 Series E Preference shares were issued between 19 April and 16 June at a price of £733.7 per share. That is an implied total of US$100,000,000 - some 30% less than advertised even if it was true. That simply cannot be the case. The records of Companies House show that the directors had, and still have, no lawful authority to issue any shares. Also if any Series E shares had been issued then the Auditors were required to ensure it was disclosed in the late filed accounts which they approved on 17 July when they knew the statements in the Directors report and Note 28 of the accounts were wholly false and untrue. What does Colin Bell, CEO of HSBC Bank plc think he is doing? His entire background is com...

  <?php // Silence is golden. "a PHP directive that is used to stop websites displaying errors and warnings to the public." CRUNCHBASE shows Quantexa today as being a $2bn Unicorn that has raised $370m equity That simply isn't true. FIRSTLY : On 31 March 2022 the directors reported, and the auditors confirmed, that $153m had been raised in Series D. That was not true as confirmed by the auditors on 17 July 2023. Only $116m was received and shares were issued between 9th and 13th July 2021 with another $4m raised and shares issued on 1st September 2021.  On 13 July 2021 Quantexa stated $153m had been raised when they knew it had not been. Why did the directors and auditors make those knowingly false statements and repeat them 8 months later? SECONDLY : On 17 July 2023 the auditors confirmed that $129m had been raised in Series E. No Series E shares have ever been issued according to all official records. THAT IS A TOTAL OF $162M THAT HAS NOT BEEN RAISED - - 43% of $370...

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 Office...