UK 13:57 Monday, 26 October 2026
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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.
Quindell (QPP) shares fell sharply at the close today thanks to reports that a respected trade body was warning its members that Quenron might not pay its debts. Quindell now needs to put out an urgent release at 7 AM and here is what it needs to issue:
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Comments
alcira16247
Tom
I bring this for your attention, which I trust may be of interest:-
Compass Costs Consultants Ltd.
This company was acquired by Quindell, £14 million, satisfied by issuing 80 million shares.
http://www.quindell.com/Press-Releases-RNS/acquisition-of-compass-costs.
The latest information on this company, I can find is:-
COMPASS COSTS CONSULTANTS LTD was formed on the 6th August 2001 (filed on the 30th September 2014) , and are based in Quindell Court, 1 Barnes Wallis Road. They are currently rated D and are considered to represent an above average risk score. Their credit score was last updated on 12th November 2013. Their current legal status is Striking off Notice.
There is 1 shareholder listed for COMPASS COSTS CONSULTANTS LTD with Quindell Plc owning the most amount of shares (100.00%).
Tom, also note the basic financial information, too:-
/www.check-business.co.uk/business/04265483/compass-costs-consultants-ltd
I thought this was very strange, too, Quindell’s eight largest investor:-
The eighth largest investor is Compass Costs Consultants Ltd, whose website Compass Law says it is ‘a trading name of Quindell Legal Services Limited’. Nine and ten on the list – Carani Holdings Ltd and Bickleigh Ridge Ltd – have no public details available.
://www.thisismoney.co.uk/money/markets/article-2833505/The-Quindell-quagmire-Saga-firm-centre-share-sell-goes-on.html#ixzz3L0AOi8oJ
Can you explain what’s going on here, Tom? Where do Compass get the shares from to be one of Quindell’s biggest investors, etc? Its probably all very above board, but on past form????
alcira16247
Tom
Sincere apologises you have already covered Compass Costs!
I’m going senile!