By Tom Winnifrith | Thursday 9 August 2018
With former flagship Ariadne Capital Limited in administration and Julie "Lingerie on expenses" Meyer facing serious questions about that, Vince Cable's fave entrepreneur has to find a new flagship to stand behind her joke annual conference, this year to be held, to the dismay of local regulators, in Croatia. It would have been Ariadne Capital Group Limited of Malta but what with it facing regulatory probes, having no cash and with the criminal charges against Meyer in Malta that is perhaps not suitable. So Meyer has suggested her new flagship is Viva Capital LLP, formerly the company that booked her speaking fees. Problemo!
As you can see below, it was facing strike off for not filing accounts so belatedly it has just filed its accounts for the year to 31 March 2016. Can it afford the Companies House fee for late filing? Of course it has other problems too as we flagged up HERE - technically it is not an LLP any more not that Meyer has addressed that breach of company law. Julie, as we know, thinks that obeying the law is for "little people."
But the real problems are the numbers. It lost money in the year, net current liabilities are £84.987 so being an LLP it only stands as solvent because the members (i.e. Meyer) have pledged financial support - a "debt due" from Meyer. But given that she owes cash to the HMRC, IRS, three banks and has numerous other unpaid bills all over London and elsewhere is she actuallhy good for that cash? Whaddya think?
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Search ShareProphets |
Stock market news |
Recent Comments |
Site by Everywhen