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The Most Amateurish Annual Return in Corporate History – Rangers, Worthington and the knitting patterns

By Tom Winnifrith | Friday 9 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.


Hat tip to a reader for flagging up this gem from Companies House, an Annual Return submitted for The Rangers FC Group Limited, part of the Worthington Group (WRN) which thinks it can extract £10 million from creditors of Old Rangers. This is sheer genius mickey-mouse stuff thanks to clown Richard Spurway.

The full Return is HERE

Now turn to page 11. Yup I guess Old Mother Worthington is getting back to its roots as a West Yorkshire textiles company… How anyone can take these buffoons seriously defies belief.


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Comments

9 comments

  1. Deep in the heart of textiles, takes spinning yarns to whole new level, the sooner this POS is put out of its misery the better, I saw you coming, unfortunately others didn’t.

  2. That is bloody brilliant. Good old worthers. The comedy from them is never ending.

    “Eee by gum, ow much mor yarn fort flat cap”

    One of the 10 deals, a fast growing textile (crochet) business with a contract signed with a world renowned client (Santa) to manufacture products (crochet xmas trees) globally


  3. Russ O'Callaghan

    Guys, am I reading this correctly or is it just an in-house office Christmas spoof? I mean, they haven’t ACTUALLY sent that in (ie. submitted it) as a return, have they?
    I’m missing something on this one, aren’t I?
    And what’s with these zero or one-pound cash entries all over the place? Is this simply to ensure that the company’s name remains officially “alive”?

  4. Russ

    It is 100% kosher check at Companies house. These guys really are clowns

    T


  5. Fresh Business Thinking is a crooked dog that refuses to die. Or rather a phoenix that seems to have risen then fallen to insolvency again and again, again and again.

    Tom – More WRN filings at Companies House. None make it any easier to make sense of Worthington Group PLC or the network of apparently associated companies as referenced in previous WRN RNS.

    Allan ‘Bullshit’ Biggar now heads up Worthington Energy (or maybe it’s just that Yorkshire coal shop connected to Aiden Earley, where the owners appeared to inexplicably acquire 3.7 percent of Worthington Group PLC in September 2015).
    https://beta.companieshouse.gov.uk/company/09289684/officers
    http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12503254.html
    http://www.castlegasandsolidfuels.co.uk/
    https://beta.companieshouse.gov.uk/company/04870518/charges

    Worthington Media Portfolio Ltd still sat dormant despite last years RNS:
    https://beta.companieshouse.gov.uk/company/09240940/filing-history

    However, Amplified Business Content, 100pc owned by Equity Media Partners, now has both slippery shit Nick James and Simon Burton as Directors. There’s a one- page website, www.amplifiedbusinesscontent.com, but it’s typically Worthington-worthlessly light on detail and not clear which events Fresh Business Thinking produce vs actually own, or the relationship with toxic Worthington Group PLC, Aiden Earley and Craig Whyte.

    Aside from the toxic Worthington link, maybe those Great British Entrepreneur Awards / Entrepreneur Wales Awards sponsors and judges would run a mile if they find out just how many millions of pounds of debt, business failures, insolvencies, questionable asset-transfers and missing Companies House filings make up the history of Nick James and Fresh Business Thinking to date?
    https://beta.companieshouse.gov.uk/company/07953063
    https://beta.companieshouse.gov.uk/company/08126979/
    http://www.whois.com/whois/entrepreneurwalesawards.com

    Fresh Business Thinking is a crooked dog that refuses to die. Or rather a phoenix that seems to have risen then fallen to insolvency again and again, again and again. Even today, it appears Nick James still has family members standing by to switcheroo those Fresh Business Thinking assets out a fifth time, if – or indeed when – the Worthington joke conglomerate collapses with heaps of debt:

    Fresh Business Thinking Ltd (8249865), Sole Director Sian James, Nick’s sister, incorporated Oct 2012:
    https://beta.companieshouse.gov.uk/company/08249865

    Fresh Business Thinking Ltd (7350153), with Nick’s Brother Mark Wolfe Jones as sole Director sitting dormant between Aug 2010, struck off in 2012:
    https://beta.companieshouse.gov.uk/company/07350153/filing-history

    Also owned 100pc by Equity Media Partners is Freshly Made Content Ltd (8229405), with Simon Burton and Allan Biggar as Directors, and Fresh Content Limited (8160718) with Nick’s daughter Francesca James and Luke John Neel as Directors. Recently filed accounts show minimal information, albeit a common absence of cash, in any of these firms.

    https://beta.companieshouse.gov.uk/company/08229405/filing-history
    https://beta.companieshouse.gov.uk/company/08160718/filing-history

    Linking together all the information recently posted online about Nick James and his family failures this does confirm him as a useless entrepreneur, to a most severe extreme, with no regard for creditors or paying what’s due to HMRC. A perfect fit for the emerging Worthington Group PLC joke conglomerate perhaps?!

    In the first instance, Nick James and partner Bron / Bronwyn Ellis ran up debts of £1.2m (including £400k to HMRC) across their first two exhibition businesses, Envelope Ltd (4103365) and B2B Portfolio Ltd (5070331).
    https://beta.companieshouse.gov.uk/company/04103365/insolvency
    https://beta.companieshouse.gov.uk/company/05070331/insolvency

    Media coverage at the time suggests James and Ellis then, rather dubiously, moved assets from B2B Portfolio Ltd in to two other firms, Ideal Business Show Ltd (6131280), fronted by family member Mark Wolfe James and Sian Caroline James and the first iteration of Fresh Business Thinking Ltd (5709535), run by Nick James, Bron Ellis, Mark Wolfe James, Luke Neel and Philip Carrington.

    https://beta.companieshouse.gov.uk/company/06131280/filing-history
    https://beta.companieshouse.gov.uk/company/05709535/filing-history
    http://www.mirror.co.uk/news/uk-news/investigate-tips-from-flops-495545
    http://www.creditman.co.uk/news/b2b-portfolio-ltd-winding-up/

    Things didn’t quite go to plan though, and Ideal Business Show Ltd seemed to have failed, struck off without having filed any accounts or returns, ever. Fresh Business Thinking Ltd (5709535) may have run out of cash, and was sold to FBT Media Ltd (05541816) in 2008. Nick James and Mark Wolfe James joined Simon Campbell and his father, Sir Ian Campbell, to run this new version of the business. However, despite Sir Ian and his wife being noted in the accounts as generously pumping money in to their sons business with the James’s (without which the company would have been trading insolvent), it too failed. HMRC was owed money, putting indebted FBT Media in to compulsory Liquidation.

    https://beta.companieshouse.gov.uk/company/05541816/insolvency

    Legal firm Fox Williams then brought together the ashes of Nick James’s latest failure, less debts, with the magic of Allan Biggar and new company called Business Edge Network Limited – t/a Fresh Business Thinking. This put the FBT phoenix show back on the road for a third time.
    http://www.foxwilliams.com/our-technology-sector-expertise.html
    https://beta.companieshouse.gov.uk/company/07417591/insolvency

    However it was not long before Business Edge Network Ltd went bust. This possibly explains why the Fresh Business Thinking website is so awful – Mizu the web developers have barely seen a few thousand pounds of the total £90,000 development cost they are owed since having developed that site some five years ago, during the Business Edge Network Ltd days.

    Other creditors include the House of Lords (£8,000), where slippery Nick James had the cheek to swagger around suggesting he was in a great position to help other peoples business and promote international trade, most likely, and regrettably, having been introduced by Sir Ian Campbell, the ex-Director General of the Institute of Export.

    http://www.freshbusinessthinking.com/business_advice.php?AID=4179
    www.youtube.com/watch?v=to7KYdinPQM

    Around this time Allan Biggar’s All About Brands PLC was seriously in trouble and went in to liquidation owing £3.5m to creditors, including £325k to HMRC. Business Edge Network is detailed in the insolvency literature as a connected company via intercompany loans. The failed Business Edge Network t/a Fresh Business Thinking went down owing another £216k to HMRC on this occasion, with other creditors left wanting for some £419k.

    https://beta.companieshouse.gov.uk/company/05878002/insolvency

    Slippery Nick and Bullshit Biggar seem to have done something right though, having set things up in a way that the insolvency practitioner has to date allowed All About Brands Middle Eastern Business to effectively break off and continue trading despite the millions of pounds of debt.

    Similarly, in the UK, Nick James has managed to yet again walk away from hundreds of thousands of pounds of debt to HMRC, getting the show back on the road with Fresh Business Thinking assets coming out debt-free for a fourth attempt at making things work. This time it appears under the guise of Worthington Group PLC / Worthington Media Portfolio or, as it now appears, Amplified Business Content Ltd. Yet again the whole James family, Mark, Francesca, Sian and Luke Neel appear to be a part of the rather fuzzy picture.

    Allan Biggar and Nick James have pulled together all the ex-Business Edge Network Limited, Fresh Business Thinking, Freshly Made Content, All About Brands PLC rubbish, shrapnel and wreckage to create the minefield that is now Worthington Group PLC. Creditors and the UK taxpayer have had to write off millions of pounds of debt. The one thing in common, apart from a lack of business morals is clarity. I guess that’s Fresh Business Thinking.


  6. Fresh Business Thinking is a crooked dog that refuses to die. Or rather a phoenix that seems to have risen then fallen to insolvency again and again, again and again.

    That adds up to about £1m debt to HMRC and some £5m to other creditors / in total.

    Can’t think of anyone worse to be handing out Entrepreneurship awards or sponsored by the Welsh Government.

    Tom – You’re very quiet on Worthington, something big about to happen? Time for an update from you?


  7. SantasLittleHelper

    The best short but sweet article of 2015, hands down

  8. Worthington Energy Limited, sole director Allan Ramsay Biggar, has been dissolved via compulsory strike-off.

    19 Apr 2016 Final Gazette – dissolved via compulsory strike-off

    https://beta.companieshouse.gov.uk/company/09289684/filing-history

    Nunaminerals, Nunaglobal, Greenland Mining Management, Worthington Group PLC, Greenland Self Government fraud unraveling as predicted.

    Will Biggar be declared bankrupt soon? Is he facing a potential court case and a prison sentence following the alleged Police raid on his home?

    Hilarious to see a fat bull-shitting [email protected], self-proclaimed clever-dick, total arse-wipe, failed entrepreneur as the fall guy for his dodgy banned Director mates – Craig Whyte and Aiden Earley.

    Allan, when fat greedy [email protected] decide to swim with sharks the fat, greedy asthmatic bullshitting [email protected] inevitably get eaten alive. Put that in the next edition of your crap Entrepreneurs Handbook (a publication that no one seems to have ever genuinely bought or reviewed on Amazon if you analyze the information carefully).

    Maybe PR your way out of the toxic Worthington Group PLC cesspit you chose to swim in with more vanity publications from a prison cell if your cunning plan fails?

  9. Worthington Energy Limited, sole director Allan Ramsay Biggar, has been dissolved via compulsory strike-off.

    19 Apr 2016 Final Gazette – dissolved via compulsory strike-off

    https://beta.companieshouse.gov.uk/company/09289684/filing-history

    Nunaminerals, Nunaglobal, Greenland Mining Management, Worthington Group PLC, Greenland Self Government fraud unraveling as predicted.

    Will Biggar be declared bankrupt soon? Is he facing a potential court case and a prison sentence following the alleged Police raid on his home?

    Hilarious to see a fat bull-shitting [email protected], self-proclaimed clever-dick, total arse-wipe, failed entrepreneur as the fall guy for his dodgy banned Director mates – Craig Whyte and Aiden Earley.

    Allan, when fat greedy [email protected] decide to swim with sharks the fat, greedy asthmatic bullshitting [email protected] inevitably get eaten alive. Put that in the next edition of your crap Entrepreneurs Handbook (a publication that no one seems to have ever genuinely bought or reviewed on Amazon if you analyze the information carefully).

    Maybe PR your way out of the toxic Worthington Group PLC cesspit you chose to swim in with more vanity publications from a prison cell if your cunning plan fails?


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