Company Law CompLiance UK - www.clcl.uk

  https://www.bloomberg.com/opinion/articles/2024-12-16/nick-leeson-s-lament-markets-compliance-is-still-an-afterthought https://www.bbc.co.uk/news/articles/cq8v11xq3pyo (nb many CA2006 offences are "indictable" - not least Perjury offences of admitted falsification of a statutory register by ICAEW and KPMG, and false statements in accounts by Quantexa - where is Sarah? ) https://pomanda.com/company/10045407/quantexa-limited Sign-up and run the numbers. Portent of a rerun of the dotcom boom 90% crash at the millenium?

And do remember all this came from following the trail from simple non-filing of accounts, Articles of Association and Share allotments at Companies House by Quantexa Ltd only 16 months ago.... Are VCTs really the worst regulatory compliance offenders, or did I just get lucky with the initial immersion in the fetid swamp? Any suggestions for the next "sectoral" investigation? Sticking with VCTs at the moment let's take the example of the Albion stable (in the High Court tomorrow see other blog) as possibly being the worst of the genre: Extract from my spreadsheet: The investments are in a mere 76 entities spread across 6 VCTs to avoid equity accounting for near 50% equity shareholdings in such as Radnor School, and other such "creative accounting" techniques to pretend the VCTs are actually different from each other when they are demonstrably not. The less said the better about Albion's 5 Chartered Accountants inability to add-up columns of figures shown on ...

Quo fata ferunt   is something I learnt 40 years ago and is a great maxim for life. So I have been burrowing around creating 5 years historical financial and regulatory data on all the members of the truly ghastly and useless Venture Capital Trust Association and the constituent parts of their members investment portfolios, and lo and behold .... Why on earth would anyone trust the FCA or any members of any entity it regulates whose filings are so delinquent that a Premium Listed company on the London Stock Exchange was about to be struck-off and all assets handed to The Crown? You should see the investment manager's own appalling compliance record. The numbers seem to indicate that the bill for HMRC is upto 5 times the net cash raised by VCT managers.... and they can't even do the job for which they are being paid! Another damning indictment of the "money for old rope" attitude of the City of London accountants, lawyers and other "pond life"..."don...

 Audited accounts to be filed on or before 31 December. Luckily Companies House is open for on-line filing over Christmas and New Year

Today's APPG report makes good reading for all the grubby fee-gouging accountants, solicitors and money-managers. Nothing will change - YET. https://www.appgifffs.org/wp-content/uploads/2024/11/FINAL-Call-for-Evidence-Report-PUBLIC.pdf Page 338/9 - Somebody else wants to get the "tickers" to do a regulatory compliance audit, but they all have conflicts because of the likes of Deloittes and KPMG (where the ICAEW is complicit in deliberate and criminal law breaking)

https://find-and-update.company-information.service.gov.uk/company/10045407/filing-history Is there anyone at QUANTEXA who understands the first thing about filling in compliance forms? Who in their right minds would do business with anyone who is so consistently incompetent when it comes to compliance? Silly me.... Kemi Badenoch would, did and then covered up her and her Department's own incompetence - including payiing so many staff who accepted bribes and were later fired. Welcome to UK plc.  Anyone else want to still tell the SEC they are regulated by the FCA and/or Bank of England? Money launderers etc just phone Richard Seewald, director of Quantexa and controller of Evolution Equity Partners who were bankrolled by Kemi Badenoch, and he will tell his brand new CFO to fill in the forms for you just as he asked her to do after only a day or so of employment. And remind me ... who is the bookies favourite for Leader of the Opposition? God help us all if she wins.

 About time too...... https://caselaw.nationalarchives.gov.uk/uksc/2024/31 Parliament enacted the Economic Crime and Corporate Transparency Act as a start, and now the Supreme Court tells the Secretary of State for Business and Trade and his agency, Companies House and the Registrar of Companies, that there is nowhere to hide. The future of ICAEW's regulatory fiasco is now seriously in doubt. Perhaps the UK might have a future outside money laundering after all.

Hot off the presses: https://www.reuters.com/business/finance/hsbc-appoints-pam-kaur-first-female-cfo-2024-10-22/ To have brought down the CEO of one of the world's biggest banks because of his sheer stupidity, incompetence and arrogance over simple regulatory complaince failures of a 2-bit investment truly beggars belief.   Care to see my letter to the Group Company Secretary some weeks ago pointing out that they couldn't possibly appoint a serial offender as Group CEO? Will the Government of Singapore now get a grip on things and rectify all Quantexa's filings and start to be honest?

 With barely bated breath I post the latest c&p of Quantexa's website of its Directors as at 19.00hrs today. What is their problem? My invite to the very select and major Nov 6/7 Nov compliance event in London just arrived, so serious "naming and shaming" to so many of their customers is just around the corner unless they get their act together in the next week.

  Is this the gravest attack on shareholder rights ever? More than 50,000 shareholders will be affected by Albion's attempt at a blanket Gag order without ever giving notice of the legal proceedings contrary to Civil Procedure Rules of the High Court and without any RNS. The high-stakes game moves on. Court documents and more on: https://albionvctfraud.blogspot.com/