ShareProphets

Julie Meyer -how many other companies are teetering on the brink ( or over it)? Part 1

By Tom Winnifrith | Monday 8 January 2018


 


According to companies House ex Dragon's Den  Julie "doing God's will" Meyer MBE is or has been a director of 13 companies. Flagship Ariadne Capital Limited is now in administration, while EntrepreneurCountry Global has some "interesting" accounts and you would not bet the ranch on it surviving long as explained HERE.

Ariadne Industries ( sole director Julie "its all about giving" Meyer) was formed on 13 November 2017 and appears to be yet to trade.

Ariadne Capital Entrepreneurs investments Limited was formed on 29 November 2011 and Julie "Praise be the Lord" Meyer is its sole director. Its accounts for calendar 2016 were due on September 30th 2017 but have not been filed. The Confirmation statement is also overdue. In March 2017 a compulsory strike off action was discontinued after a belated filing of the prior year confirmation statement.

The last accounts - calendar 2015 - show investments of £660,000 and amounts falling due within one year of £663,941 leaving the company with negative net assets of £3,941. So what is that investment? Oddly it is described as "a commitment to invest in Ariadne Capital Entrepreneurs (ACE), this is due to be sold down to a new investor". And that is an asset? A pledge to pay out cash to buy something that will then be sold on at an assumed profit is an asset? Whatever. It is a good job that ACEI got a small company exemption so needed no audit.

Then there is Ariadne Capital Partners Carry GP Limited, sole director Julie "Still doing God's will" Meyer. It managed to avoid a strike off for failure to file its confirmation statement on time in July 2017. Its accounts for the year to March 321 2017 were due on December 31 2017 but appear not to have been filed yet so that is another fine on its way. The 2016 (unaudited) accounts show assets of £1 ( a debtor), cash nil and creditors due within one year of £5,218. It is hard to see why this is not another pointless and insolvent dog.

Then there is Ariadne Capital Partners GP Limited which has the same year end as the company above of a similar name and like its brother is now overdue on filing last year ( to 31 March 2017) accounts. It avoided its strike off for delayed filing of its confirmation statement in April of last year. Its 2016 accounts show debtors of £1 as the sole asset and credits falling due within one year of £471,704 ( up from £434,590). So that looks pretty fecked.
Incidentally these two companies both have issued share capital of £1 which we are assured is fully paid. Yet both also have a perennial debtor of £1 .I would love to know what that £1 represents if it is not the £1 Julie claims to have paid to own the one share.

Then there is Taggstar UK Limited where Julie quit as a director on 12 April 2016, 17 days before the filing of accounts for the year to 30 September 2015. Those were its last accounts for by July 5 the company was in liquidation. At the 2015 year end debtors stood at £179,447 and creditors £221,554 so net current liabilities were £42,107 and net liabilities £29,925. That was bad but not the real story.

By the time the liquidators got to work it was clear that there were zero assets of any value at all, no cash and nothing that could be converted into cash. In all creditors stood at a whopping £924,340 and they did not get a cent back. It gets worse..much much worse


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