Company Law CompLiance UK - www.clcl.uk

[UPDATE WEDNESDAY 18 MAY - prior updates retained] At this morning's 9.00am meeting the Chairman refused to let me speak or ask questions. Prior to the meeting I had submitted some questions in writing to which written answers were given to some but not all of the matters. I objected but the Chairman was adamant. The meeting, like the last one, was recorded by agreement. The subject matter of which, if any, of the Chair and another Director of The Association of Investment Companies has correctly applied s593(1)(c) of the Companies Act 2006 in relation to Independent Valuers Reports now moves to the High Court at a hearing on 15 October in CR-2025-000388.  [UPDATE THURSDAY 15 MAY - prior updates retained below] Following the 2 shareholder meetings on 9 and 12 May, a formal complaint has been made to the  Market Integrity Unit in the Primary Market Oversight department of the Financial Conduct Authority requesting that the application for Admission to Trading of the Scheme Shar...

Just in from Companies House... yet another request for me to help them!  Dear Mark Hardy Company Number:   07133583 Company Name:     FIDELITY CHINA SPECIAL SITUATIONS PLC Please can you send us an attachment of the report (Independent Valuers Report) to this email, for us to investigate further. Kind regards, [REDACTED] Customer Support 03031234500 IN RESPONSE TO: " The form SH01 of 25 March 2024 does not include the Independent Valuers Report that is stated to be attached. Please will you explain why not and rectify urgently?" https://www.politico.eu/event/in-the-city-we-trust-the-fine-line-between-regulation-and-growth/ Do sign up for the Politico Live event when perhaps Andrew Bailey can explain why he thinks the UK has any regulatory reputation left when he and the FCA still let Evolution Equity Partners claim to be regulated by the Bank of England and the FCA - and receive sheds loads more money from the ever compliant subsidiary of the Department for Business and Trad...

  https://www.beauhurst.com/blog/why-investment-data-varies-beauhurst-pitchbook-dealroom/ I have great respect for Beauhurst (EIS fund raising at the moment and probably a very good investment) but even they don't initially report the complete truth when it is staring them in the face and has been pointed out to them on multiple occasions. An extract of a missive to Albion today proves the point: : Even a primary school maths pupil can add up the actual amounts raised and show Quantexa to be a UK Government (mostly by Rishi Sunak) promoted scam:. Beauhurst Blog:     24 April 2025 £421m   revised down on 15 May 2025 to £281m: a 33% LOSS ACTUAL FIGURE?  £267,813,335 per audited accounts and later filings. THAT IS WHY COMPANY LAW COMPLIANCE IS VITAL. and a lovely quote from a French Farmer this morning: “In this country if you don’t burn cars you don’t get acknowledged,” he said at the rally. “And you get f***ed.” I know the feeling! https://www.politico.eu/ar...

https://taxpolicy.org.uk/2025/05/17/foreign-director-fraud/ and this is just the tip of iceberg created by self-serving and ineffectively regulated Registered Solicitors and Chartered Accountants. THE QUIZ: Ahead of Janus Henderson's fund meeting on May 28th (by which time the Directors and JH promised to have corrected all false filings going back to 2016 and file missing documents - will the meeting be adjourned?) I thought you might like to join in the spirit of last night's Eurovision Song Contest and vote for the Investment Trust Manager which has lied to Companies House the most since 2020 about Mergers and deserves the "NUL points" accolade. The candidates are from the Association of Investment Companies records set out year by year: (click on each image if you want to download and pretend to be Columbo) - beware the Chairman of AIC is a serial offender. (clue: the worst offenders all come from Scottish Investment Managers, the preferred land of corporate fraud...

 A further proof of concept....if one was ever needed.... the colleague of an AI developer attendee (who knows Quantexa and its Directors very well indeed) had found his company dissolved for failing to file accounts etc because his accountant had screwed up and no-one told him. It cost a lot to get it back. "Talk to me" was his request along with disbelief about the Quantexa scam. My Quantexa flyer handed out to a few today is on the Albion AATG AGM blog. On a lighter note everyone's ID tag included an AI generated image from a photo taken on entry. Those readers who know me will fully appreciate my wife's raucous reaction to my AI persona.

  TONIGHT brings us the news straight from Companies House that no Series F shares exist at all. https://find-and-update.company-information.service.gov.uk/company/10045407/filing-history/MzQ2NDcxMjg2MmFkaXF6a2N4/document?format=pdf&download=0 Only 3 weeks after the announcement of the Buy-one Get-one free offer subscribed to only by the UK and Singapore Governments and the Toronto Teachers, comes the news that the shares have disappeared altogether. Cancelled already...Money refunded? Is there anyone working at QUANTEXA with even a pass at a Primary School SAT in maths? Perhaps Vish and his incompetent directors are relying on AI with its well known propensity for hallucinations? Wonder what the Albion VCT Investors will make of it on 17 June when they get the first chance to question why their investment has nearly halved in value from the widely trumpeted 2xUnicorn value? UPDATE 1ST MAY: RATS AND SINKING SHIPS? Companies House has just reported that BNY Mellon's man on the b...

EY and JPMorgan now seem to have somehow eradicated the Scottish records of the liquidation of a prior problem - The Scotiish Investment Trust plc (in liquidation). Try the links given by Companies House to the AIB site. Where are EY's mandatory annual progress reports?  [ERRATUM] update removed On Monday morning Janus Henderson refused to let me have a copy of the documents they say are available for inspection (para 4 page 54 of the circular) and that does not include the right to copies. The documents include contracts and letters between JPMorgan and EY and, in my opinion, should have been available at JGGI's offices. The contents show why they are intended never to see the light of day...more to follow. Email just in: Dear Mr Hardy   We are unable to provide copies of the Transfer Agreement or Letters of Undertaking. As you are aware, you have the right to inspect copies of the same at the Company's registered office. The right to inspect does not extend to a right to ...

Which of the Commandments states "Thou shalt comply"?  For nearly two years it has been revealed that VCTs are, and always have been, a giant Ponzi scheme relying on endless mergers when the money runs out and "fake dividends" and fees can no longer be paid, and that the Albion VCTs and Howard Kennedy (>80% of all VCTs) sit at the epicentre of the conspiracy with firms of Chartered Accountants to procure endless breaches of the law by creating incomplete and false Independent Valuer certificates, particularly when it comes to repeat Mergers, but to find JP Morgan creating the ultimate Closed-end Fund Merger scam is truly unfathomable. JPM use the simple ruse of deliberately withholding statutorily required Independent Valuations from all shareholders, whether they vote for the merger or not, then fail to file share allotment documents, and simultaneously procure that the fund's auditors, Ernst & Young llp, are appointed as liquidators to the acquired enti...

This morning finally brings us disclosure of the statutory filings related to the entirely fictitious "US$175m Series F". Before the detail of the scam, do note that Vish and his chums are preparing the ground for a new holding company so that they can urgently desert the UK and all it's compliance obligations so that they can list on NASDAQ as a US corp. (New Article 39 and references to 1.5 and 2 times original Series F price (excluding warrants dilution - see below)) Now for the facts: Maximum number of Series F shares to be issued: 109,202 @ US$1233.89. Solely to Toronto Teachers, Singapore Gov't and UK Gov't. TOTAL $135m not $175m Issued 25 March: 51,840 @ £975.11 (US$1,233.89) TOTAL: BUT Toronto Teachers also buy 25,393 existing Ordinary Shares and immediately convert into "Liquidation/Sale Preference" Shares designated A2. No amount stated. BUT BUT Albion Enterprise VCT states that as part of Series F it sold c8% of its 75,724 shares for £4.7m b...

 and why the UK remains the worst country in the world for investor protection and relies on Solicitors, Accountants and Bankers promoting Money Laundering and Economic crime for the largest part of its service industries..... https://www.theguardian.com/business/2025/apr/06/companies-house-uk-fines-corruption-crackdown [UPDATE 08.04.25] Seems as though Janus Henderson has taken things to a new high and is one of the worst offenders. https://find-and-update.company-information.service.gov.uk/company/00427958/filing-history?page=2 27 July 2024 Section 3 of the Statement of Capital refers to s593 report being attached when it wasn't or Companies House forgot to scan it. Just a shame that no reference was made to one being prepared in either the Prospectus or Circular or is on their website so it looks as though Janus blatantly lied.  A prima facie case of outright fraud and Perjury with BDO, EY and Winterflood upto their necks in it?  PS: One of the directors is an ex Albio...