Insolvency and Administration

Accounting and Audit

5 Feb 2019 / Accounting and Audit

AssetCo, Patisserie, Stockpiling, Warehouses, Sheds, Brexit and Venezuela

A week ago, an award of damages of £21 million plus interest and costs was made against Grant Thornton for their breach of duty when acting as auditors…

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Blog

29 Jan 2019 / Blog

Patisserie – and How to Avoid Such Disasters

The events at Patisserie (CAKE) have been well covered in both the national media and financial press so I won’t repeat them here. This article will, therefore, concentrate…

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Accounting and Audit

7 Jan 2019 / Accounting and Audit

The Signs Were There – Corporate Disasters and How to Avoid Them

This is a review of the recently published book entitled “The Signs Were There” by Tim Steer. It’s worth reading by any investor who invests directly in stock…

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Company News

22 Nov 2018 / Company News

Johnston Press and TrakM8

Over the weekend, Johnston Press (JPR) was put into administration and immediately sold to a new group of companies controlled by the company’s bondholders. In other words this…

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5 Feb 2018 / Regulations and Law

Carillion and FRC investigation

I know that some members are taking a very active interest in what went wrong at Carillion. The email below from the FRC contains a link to a…

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Regulations and Law

29 Jan 2017 / Regulations and Law

Obtaining Information on Frauds

One of the things that investors find frustrating is the failure of the regulatory authorities (FCA, SFO, the Police, LSE) to obtain information on the progress or results…

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General News

16 Dec 2016 / General News

FCA Consultation on Changes to FSCS Scheme Compensation

The Financial Services Compensation Scheme (FSCS) pays out if you have lost money as a result of an authorised financial services firm going bust or otherwise being unable…

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Company News

21 Nov 2016 / Company News

Aero Inventory – Deloittes Fined

There was a brief mention of the latest news on Aero Inventory in the recently issued ShareSoc Informer Newsletter, but here are a few more details. False accounts…

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Regulations and Law

13 Jun 2016 / Regulations and Law

AIM Campaign Comments

The launch of our campaign to improve the AIM market (so as to stop the abuses which have led to investor losses) received a lot of media coverage.…

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General News

12 Jun 2016 / General News

RBS and Pre-Packs

The FT carried a story on Saturday (11/6/2016) which was a blast from the past. It reported that Neil Mitchell, a former CEO of Torex Retail, had filed…

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Company News

22 Dec 2015 / Company News

Globo Administrators Report – There’s No Money Left

The Administrators of Globo Plc have published their initial report into the affairs of the company. It makes for depressing reading. In essence one might sum it up…

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Company News

3 Nov 2015 / Company News

Globo In Administration

There has been a further announcement by the company today which stated that administrators have been appointed “by order of the court”. The administrators are FTI Consulting LLP…

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