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The Worthington Fraud part 10 – back to the media “purchase” and Allan Biggar

By Tom Winnifrith | Saturday 21 February 2015


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


It is hard to know where to start with the Worthington (WRN) fraud this weekend so deluged am I with material and as such I can promise you a stream of articles but let’s start by going back to the “purchase” of its media interests – Equity Media Partners. This is going to shock you.

I noted yesterday that Craig Whyte (of Rangers FC fame) was involved in the formation of Equity Media, that Worthington does not actually own it, whatever it says, but that all its assets are pledged to Renatus WRN, a company with Director Doug Ware) and linked to Craig Whyte, and that there is scant evidence of any historic trade.

But perhaps when Worthington says Equity Media Partners it actually means Freshly Made Content Ltd a company that really does trade – albeit in a heavily loss making capacity – from the same address in Dorset. As with EMP Mr Allan Biggar is a director, and as with EMP all its assets are pledged to cover loans to Renatus WRN. As with EMP, Simon Burton has recently joined the board and as it happens it is 100% owned by EMP.

You can see the annual return showing that Mr Biggar used to own 45% but that he sold all his shares ( as did other investors) to the dormant EMP on 19 April 2014, HERE.

And you can see the train wreck 2013 annual accounts (negative net assets, losses etc.) HERE

And you can see that all its assets are charged to Renatus WRN in late 2014 HERE

Cripes, all a bit confusing. So who is Mr Allan Biggar?

He used to run a business called All About Brands. Sadly it went tits up. And now I present to you the report of the administrator filed with Companies House on 26th September 2014. It makes for grim reading. Unsecured creditors claiming over £2 million will get zippo. But what is really interesting is on page 6, section 4.

Oh dear, it seems that the administrator has flagged up a few matters relating to the behaviour of the directors – and Biggar was the main man – to the Department for Business Innovation & Skills in accordance with the Directors Disqualification Act 1986.  That really does not need well does it?

You can see the full ghastly report HERE

And just as an aside, I note that one other player in the Worthington game crops up at All About Brands, your trusted PR manager Harriet Lucking whose name appears on this document HERE.

Enough on media? Do we have enough now to say that this is as clear as mud?

Just to add to the fun on Mr Biggar it seems that not only was Worthington buying his business via a business set up by Craig Whyte but Biggar also works as part of the Worthington acqusitions team. I have it sourced that he was among those negotiating the CPS deal on behalf of Worthington, more on that later.

To read part 1 of the Worthington fraud series click here

To read Part 2 of the Worthington fraud series click here

To read Part 3 of the Worthington fraud series click here

To read Part 4 of the Worthington fraud series click here 

To read Part 5 of the Worthington fraud series click here 

To read Part 6 of the Worthington fraud series click here 

To read Part 7 of the Worthington fraud series click here 

To read Part 8 of the Worthington fraud series click here 

To read Part 9 of the Worthington fraud series click here 

To support our continuing campaign against fraud on the AIM casino (but also main market listed frauds) click HERE




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Comments

12 comments

  1. Just shows the sheer desperation to get any deals through and make as much money as possible in a short length of time. 2 out of 3 transaction so far involved/entangled with the current board. I wondered why Harriet,PR wouldn’t have thrown the towel in by now. We can see why :-)

    Anyone would think they were trying to make £17m or something!

  2. Alan Bigger retweets this, 2 months before he “sells” his business to Worthington
    https://twitter.com/worthingtonplc/status/492764129610842112


  3. Worthingtonian

    Another pillar of the Biggar empire is no more. Cyclist Limited will be gazetted off on Tuesday having not filed it’s annual return.

    Last seen the accounts showed six figure negative assets, so another stonking success for the Worthington media portfolio acquisition!

    It might mean though that the toxic stench of Johan Bruyneel, Lance Armstrong’s chef d’equipe, might no longer be hanging around. Every cloud etc.


  4. Juicin Drumroll

    This guy’s house on Newlands Drive, Maidenhead was raided in (IIRC) December. It was the full early morning job with many plods.


  5. Worthingtonian

    That’s quite a significant development JD. If you don’t mind me asking, where did you hear about this?


  6. Juicin Drumroll

    A lifelong friend lives on Newlands Drive in Maidenhead. Mate was going to work one morning & the road just out of view of Biggar’s house was full of cops. He was told to keep moving & warned not to use his mobile to alert ‘him’ (who he doesn’t know). He watched as they entered Bluebell House. Newlands Drive is a private road & he asked someone on the Residents Committee who lived there, they thought it was someone name Alastair (sp?) Biggar.

    We had a snoop but couldn’t find anything in the M’head Advertiser or online about Alastair Biggar & kind of forgot about it. I haven’t been following the WRN scandal apart from reading a few loony posts on the BBMotM compy & apart from Whyte don’t know any of the player’s names. I noticed the name ‘Biggar’ in the recent comments section of SP home page when you bumped this page with your 20.02 comment. It rang a bell, I had a look as it’s not that common a name & on reading it & clicking on a few links opened https://www.endole.co.uk/company/08683307/cyclist-limited .

    A eureka moment ensued, your boy Biggar is my mate’s raided neighbour.

    The Residents Committee will be appalled.


  7. Worthingtonian

    Thanks JD.

  8. So Allan Biggar’s firm Cyclist Ltd was stuck off 23 Feb 2016. Last accounts showing a deficit of £130k+. Latest accounts never filed, accounting period having being shortened retrospectively May 2015. Dodgy bit of number shuffling from Jericho Chambers LLP creative accounting expert Bullshite Biggar? Maybe his expert Jericho Chambers LLP partners might know or at least ask some questions about the alleged Police raid on one of their associates homes? Or are they in some way complicit in the WRN fraud too?

    As a ‘PR expert’ surely Biggar or one of his collective of slightly less-bent industry leaders, transparency experts etc, would have asked to have this damming allegation about a Police / fraud squad raid on one of their colleagues homes removed if it is untrue?

    www.jerichochambers.com/who-we-are/

    Christine Armstrong
    Deborah Doane
    Roger Graef
    Andrew Gunn
    Margaret Heffernan
    Martin Lambie-Nairn
    Neal Lawson
    Charles Leadbeater
    Roo Mackie
    Gary Mead
    Zoë Mezin
    Alaric Mostyn
    Toby Mundy
    Jules Peck
    Robert Phillips
    George Pitcher
    Catherine Stewart

    Over to you lot, dear Jericho Chambers people!

  9. So Allan Biggar’s firm Cyclist Ltd was stuck off 23 Feb 2016. Last accounts showing a deficit of £130k+. Latest accounts never filed, accounting period having being shortened retrospectively May 2015. Dodgy bit of number shuffling from Jericho Chambers LLP creative accounting expert Bullshite Biggar? Maybe his expert Jericho Chambers LLP partners might know or at least ask some questions about the alleged Police raid on one of their associates homes? Or are they in some way complicit in the WRN fraud too?

    As a ‘PR expert’ surely Biggar or one of his collective of slightly less-bent industry leaders, transparency experts etc, would have asked to have this damming allegation about a Police / fraud squad raid on one of their colleagues homes removed if it is untrue?

    www.jerichochambers.com/who-we-are/

    Christine Armstrong
    Deborah Doane
    Roger Graef
    Andrew Gunn
    Margaret Heffernan
    Martin Lambie-Nairn
    Neal Lawson
    Charles Leadbeater
    Roo Mackie
    Gary Mead
    Zoë Mezin
    Alaric Mostyn
    Toby Mundy
    Jules Peck
    Robert Phillips
    George Pitcher
    Catherine Stewart

    Over to you lot, dear Jericho Chambers people!


  10. Worthingtonian

    Robert Phillips, co-founder of Jericho Chambers, is a leading lecturer on ‘Trust’. He’s even had a whole book published on the subject. Odd then that Allan Biggar should be one of his partners?

  11. Dear Mr Winnifrith

    Mr Allan Biggar is no longer associated with Jericho Chambers LLP.

    Mr Biggar’s membership of the partnership was formally terminated March 2016.

    https://beta.companieshouse.gov.uk/company/OC385688/filing-history

  12. Please correct your spelling Tom Winnifrith. ALLAN vs ALAN.

    Retired company Director ALAN Gordon Biggar, formerly of Brewin Dolphin, is a patron of the Teenage Cancer Trust. A generous, charitable, slim retired gentleman who drives a vintage Morgan sports car raising hundreds of thousands of pounds for TCT with no interest in any commercial ventures.

    http://www.dailyrecord.co.uk/news/local-news/alan-motors-zoes-memory-2535718

    ALLAN Ramsay Biggar of Worthington Group PLC and Greenland Mining Management Ltd appears from this website to be an overweight, selfish individual with a dubious track record of business failure and debts and a number of dodgy associates!

    In anticipation of you making corrections and/or publishing this comment or a clarification, thank you.


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