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Discredited Teathers director Nilesh Jagatia has form in failing to produce accounts on time

By Tom Winnifrith, The Sheriff of AIM | Tuesday 14 June 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.


It seems that Nilesh Jagatia, discredited director of Teathers Financial (TEA), has got recent form when it comes to failing to submit accounts by the statutory deadline. Mr Jagatia is finance directors of a number of Plcs, including one of my old favourites, the piece of Turkish that is Inspirit Energy (INSP). Just like Teathers, in December last year Inspirit received a First Gazette to strike the company off the register of companies for failing to provide its accounts on time. What is it that Mr Jagatia doesn’t understand about the legal requirements concerning his job?

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