Monday 20 February 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


Worthington Group - tell us about the Prosecuting Solicitor please?

By Tom Winnifrith, The Sheriff of AIM | Friday 15 January 2016


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.


Oh dear, looks like a few more troubles at 't mill for joke company Worthington Group (WRN). Last week I asked why Worthington had not been dissolved for failing to file its accounts for the year to September 30th 2014. It seems as if the wheels are turning at Companies House in Cardiff...

I have been asking Companies House to comment on the situation for eight days but seem unable to get a formal response within the timescale it promises. It seems that the officials in Wales need to track down whoever is handling the matter but today's email from the folks in sheep shagging land indicates very clearly the direction this is heading. It reads:

Dear Sir

WORTHINGTON GROUP PLC CO NO 527186

Apologies for the delay in replying, companies house are aware of the situation , I am currently seeking advice form the prosecuting solicitor.

Yours faithfully

Mrs C Williams
Case officer
Prosecuting solicitors
Companies house

Hmmmm... anyone for some aciiiiiiiiiiiid? To recap: Worthington faces being dissolved because it can't file accounts not for the year ended 3 months ago but for the year beforehand. That is not stopping it trying to reverse into a Danish company, Nuna, which is bankrupt. Boy that prospectus is going to be fun. The acid trip with Doug Ware, Aiden Earley and Craig Whyte gets more bizarre by the day.

Shroooooom..... Suddenly I was sitting in a Scottish Courtroom next to a white rabbit who said "take this". I looked at the envelope and said "What is it? Is it the 2014 Annual Report?" "Don't be silly" said the rabbit "that does not exist, its not real like I am, I am just offering you some drugs. Even I need to take them regularly to believe in this horsehit."


Filed under:


Never miss a story.




This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.


More on WRN


Comments

5 comments

  1. Naah Whining Froth …………. tell us about how sorry you are about printing whinni maths inaccurate garbage about LGO yesterday before someone reports you to AIM regulation for market abuse .

    TW: Wildes the only MA on LGO were the Lenigas tweets. I suggest you read the FSMA 2006 a bit more closely as you clearly do not have a scooby about what it actually says is defined as market abuse PS Has anyone told you that posting the same shite in post after post is a tad dull?

  2. Standard procedure for late accounts Mr Tom. Once filed there will be a fine and no further action. Nothing to see here.

  3. Doug Ware CEO of Worthington Group plc on Business Ethics (from Worthington Website):“We recognise the vital importance that clarity,open communications & delivery to expectations have in building confidence & trust”.


  4. Russ O´Callaghan

    It’s utterly beyond me why folks are still showing an interest in this “company”. Surely it no longer exists in the sense of being a trading entity. No news about anything whatsoever. Nothing. Apart from the neverending Grønlandasaga, no news about any of its activities. I obviously use the word activities in its widest possible context. Its scoffing arrogance towards such loyal shareholders like those on LSE is beyond comment.

  5. At least the Great British Entrepreneur Show side of the business is on track following growth in bookings last year … They even found time to file annual accounts for the insolvent company:

    https://beta.companieshouse.gov.uk/company/07417591/insolvency

    Erm … no. Sadly those accounts are for 2013 and show nothing but debts of £600k. Another great Worthington Group PLC deal that was claimed to be contributing to the $2bn NAV that Doug Worthless Ware and Allan Bullshit Biggar cooked up over a crack pipe.

    Freshly Made Content Ltd – another Bullshit Biggar production in association with Simon “Phoenix” Burton – is now on First Gazette Notice for compulsory strike off… what an incompetent bunch of crooks.

    A complete comedy of a conglomerate? More like a comedy con!

    “8th October 2014
    FOR IMMEDIATE RELEASE
    Trading Statement
    The Company is pleased to confirm that it is making excellent progress in its key investment areas:
    Media – In relation to its existing portfolio of media investments, the Company is able to announce that bookings for the Great British Entrepreneur Awards, due to be held in November 2014, are more than 50% up on the same period last year. The judges this year include Sir Malcom Williamson, Chairman of Friends Life Group Plc, and Peter Ibbetson, Chairman of Business Banking for Nat West and RBS. The “Great British Entrepreneur Awards”, “The Digital Marketing Show” and the “Britain means Business Expo” – all now owned by Worthington – are collectively the largest events taking place in the UK as part of the “Global Entrepreneurship Week” activities in November 2014. Over 10,000 visitors are expected at these events which take place at Excel and Old Billingsgate.

    Supporting these events, the second edition of the “Britain means Business” magazine, also now
    owned by Worthington, will be published in November 2014 and will preview the inaugural
    “Entrepreneur Power 100 list” of the most influential supporters of UK entrepreneurs.

    Further media investments are due to be completed within the next ten days which are expected to add significantly to Worthington’s income stream”.


Enter your comment below. Fields marked * are required. You must preview your comment first before finally posting.




Site by Everywhen