UK 17:39 Friday, 23 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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.
If you were in any doubt as to the financial woes of Ariadne Capital Limited in 2017 this string of emails dumped to Winnileaks is most instructive. Ariadne owed money to lawyers Fletcher Day ( and still did when it finally went bust). Rather than pay, Julie "lingerie on expenses" Meyer, warned her PA not to open the door lest it be someone trying to serve the devout Christian or bailiffs, and tried to blackmail the lawyers to go away, with spurious threats.
Fletcher Day stuck to its guns warning Meyer that she should not trade while insolvent as that created personal risks. Clearly Ariadne was trading while insolvent during 2017 and most of 2016 and indeed I am aware that a senior staffer made that point to the finance department very forcibly and has passed the fact that he shared that concern internally onto the administrator, Andrew Duncan of Leonard Curtis.
Enjoy...
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