By Tom Winnifrith, The Sheriff of AIM | Friday 2 October 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.
We all know that Craig Whyte and Aiden Earley have "colourful pasts" and that Doug Ware is a greedy bastard of no ethics as we showed again earlier HERE, but the supporting cast at joke company Worthington (WRN) are even more hilarous. How can anyone take them seriously? I am grateful to a reader who is clearly a Worthingtonologist for posting twice about Nick James. Who is Nick?
Well he sold his business to Worthington to create its media offering. So what is his track record? Over to our reader
Hard to find details as slippery Nick James uses a different birth date for his earlier directorships. Surely just a mistake, like the spelling of Spurway and Sturway?
Envelope Ltd went down owing £968,845 (£400,000 being to HMRC and Inland Revenue) according to the statement of affairs filed by the liquidator on 7 August 2006.
JAMES, Nicholas William and ELLIS, Bronwyn, both of Hollyhedge Farm, Vee Lane, Felton, Bristol, Avon, BS40 9YE
The Insolvency of B2B Business Portfolio Limited, also with Nick James and Bronwyn Ellis (his presumably ex-girlfriend / business partner at same address) as Directors, and also a Philip John Carrington, started with a Winding Up Order on 25 May 2007, following debts to Excel Publishing Ltd, Portland Buildings, Manchester.
The Insolvency is STILL live and B2B Holdings is scheduled to be dissolved on 20 April 2016. Wonder who the other creditors are and how much went to money heaven that time?
Could it be that the assets of B2B Portfolio, including email lists, ended up being gifted to Nick’s new company “Fresh Business Thinking” as mentioned in the Mirror story about Nick James Creditor Advent Communications?
Is it this one
FRESH BUSINESS THINKING LIMITED
Company number 07350153
FRESH BUSINESS THINKING LTD
Company number 05709535
FBT MEDIA LTD
Company number 05541816
FRESH BUSINESS THINKING LTD
Company number 08249865
Here is that Story from the Mirror:
INVESTIGATE: TIPS FROM FLOPS – NICK JAMES OF FRESH BUSINESS THINKING
00:00, 2 AUG 2007 – UPDATED 03:55, 29 JAN 2012 – BY MIRROR.CO.UK
This would rankle. Your company provides work worth £7,000 for a client, who never pays and goes into liquidation.
So far, so normal, just an everyday story of business failure. In this case, the failure was called B2B Portfolio Ltd, which organised trade fairs. Run by Nick James and Bronwyn Ellis, Bristol-based B2B has collapsed with 18 county court judgements against it, amounting to more than £270,000.
The pair have been here before. They ran Envelope Ltd, which collapsed last year owing almost £1million.
Among the victims of B2B was public relations firm Advent Communications, which provided three months’ work creating media interest in a business fair in Coventry.
Now the firm’s getting emails from an outfit called Fresh Business Thinking, which offers tips on boosting profit and productivity, improving customer service and the like. And who are the business experts behind these gems? Yes, its James and Ellis.
“Not getting paid is never good, but it’s especially galling to then get emails from the same people advising me how I can more successfully run my business,” said Adam Dent of Advent Communications.
Over to James: “I can understand why Adam was upset. He ended up on an email list for the new company I have set up. I personally lost a lot of money when B2B went bust.”
BBC Bristol – BUSINESS EVENTS ORGANISER CLOSES
Published: 2007/02/26 12:19:20 GMT
Fifteen people have lost their jobs at B2B Portfolio, based in Bristol.
Staff were told there was a winding up petition on the firm when they arrived at work on Friday.
Businesses which have booked and paid for a stall at forthcoming exhibitions organised by B2B do not yet know how the news will affect those events.
“We were told we cannot continue to incur any costs,” said Nick James, managing director of the company. The receivers are expected to be called in.
EDF Energy, one of the main sponsors of the business exhibitions and conferences in Wales, said in a statement: “EDF Energy has sponsored the B2B Portfolio series of exhibitions since 2004.
“The B2B Portfolio provided a unique opportunity for EDF Energy to support the local business community throughout the UK.
“We are disappointed that B2B Portfolio Ltd is no longer able to continue with the programme of exhibitions.
“Although EDF Energy has sponsored the event since its launch, the responsibility for organising and managing the exhibition series is with B2B Portfolio Ltd.
Never miss a story.
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