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Post by Ace on Jun 20, 2023 16:30:18 GMT
Interesting Companies House filing today (20 June 2023) for ACI 4 plc Termination of appointment of a Director "on 1 Feb 2022" which was 6 months or so before the Appointment of an administrator on 1 Aug 2022. It can only have been filed by (or with the knowledge of) Teneo as Administrator. Can anyone think of any interesting reasons for these timings? I can! Frankly, no. I have no idea what's going on. I note that the resigned director's address is listed as Teneo's office on the People page. Should I be reading something into that?
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macq
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Post by macq on Aug 8, 2023 16:49:07 GMT
Who would like to have the honour of sharing the links to the Carnell story with DBW? The story says he is in Portugal but companies house says residence in UK and Luxembourg so maybe Dubai might be next
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Post by muttley916 on Jun 9, 2024 19:30:04 GMT
I suspect this will not be the last of the crooks stealing our money.
Disgusting.
Why was ablrate not on top of this.
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p2pfan
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Post by p2pfan on Jun 10, 2024 9:31:00 GMT
The administrator has published an update for the period to 2 apr 2024 ablrate is owed £3.6m no cars have been found £841.50 has been recovered in doing so, the administrator has run up a bill of £29k there is no prospect of ablrate getting paid back more on the dd thread View AttachmentThat's jaw dropping. No cars, no recovery. So we've lost all our loaned money to ACI! It's heartbreaking, as I lent a very significant sum to the ACI loans. The level of ineptitude, fraud and skulduggery is on another level.
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Balder
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Post by Balder on Jun 10, 2024 10:00:56 GMT
I suspect this will not be the last of the crooks stealing our money. Disgusting. Why was ablrate not on top of this. Part of it maybe!
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Post by Badly Drawn Stickman on Jun 10, 2024 10:25:17 GMT
I suspect this will not be the last of the crooks stealing our money. Disgusting. Why was ablrate not on top of this. Part of it maybe! The 'maybe' is surplus I would suggest. Given the unilateral actions in relinquishing asset control.
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Balder
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Post by Balder on Jun 10, 2024 15:43:41 GMT
As far as we have been told by the administrators, David Bradley-Ward has not yet provided a signed Statement of Affairs for Ablrate Assets Ltd or Aviation and Tech Captial Ltd. Interpret that as you will. I just put that to him on linkedin and he responded;- Nonsense. We have provided everything they have asked and more. We have been on them like flies, so no idea where that has come from. Also, the statement of affairs is regarding the company not the book. They have had access to everything including Xero, emails the collected all the paperwork for everything in a van.
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Post by darren on Sept 5, 2024 11:30:32 GMT
ACI 4 plc, so of no immediate concern to ablrate lenders, but for all the reasons mentioned previously, interesting The administrator's progress report for the period 1 Feb 2024 to 31 Jul 2024 has now been filed at Companies House and will be available to read soon. How much do you think has been i) incurred in costs and ii) recovered in the period? If I guess correctly do I win £5? Because that would actually be a good outcome at this point.
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observer
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Post by observer on Sept 5, 2024 14:58:32 GMT
As far as we have been told by the administrators, David Bradley-Ward has not yet provided a signed Statement of Affairs for Ablrate Assets Ltd or Aviation and Tech Captial Ltd. Interpret that as you will. I just put that to him on linkedin and he responded;- Nonsense. We have provided everything they have asked and more. We have been on them like flies, so no idea where that has come from. Also, the statement of affairs is regarding the company not the book. They have had access to everything including Xero, emails the collected all the paperwork for everything in a van. "We have provided everything they have asked..." Apart from the questionnaire seeking information and explanations from the Director. That, according to the administrators' progress report 13 August 2024: 
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observer
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Post by observer on Sept 6, 2024 12:14:53 GMT
ACI 4 plc, so of no immediate concern to ablrate lenders, but for all the reasons mentioned previously, interesting The administrator's progress report for the period 1 Feb 2024 to 31 Jul 2024 has now been filed at Companies House and will be available to read soon. How much do you think has been i) incurred in costs and ii) recovered in the period? If I guess correctly do I win £5? Because that would actually be a good outcome at this point. The correct answers are i) Costs incurred: £37k ii) Realisations: Nil, nothing, nada, nichts, zero
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observer
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Post by observer on Oct 1, 2024 6:55:44 GMT
The Liquidators' statement of receipts and payments to 26 July 2024 for ACF has been filed at Companies House today and will be available to download soon. Whilst ablrate is not a creditor, its statement of affairs showed an estimated deficit of £8m and the people involved are also involved in companies that do owe money to ablrate lenders The SoA showed debtors of £4,267,350.46 with a realisable value of £100,743.66 (i.e. £4,156,607 of bad debts), all to connected companies Would anyone like to take a guess at 1) The amount recovered and 2) The costs racked up in the period covered by the statement before it is available to download? The correct answers are 1) Amount recovered: £722.20 (which came from the third party that had already contributed £3,500 towards the cost of the liquidation - the same entity that, I suggest, paid the £6k pre liquidation costs) 2) Costs racked up: £17,863.50 (though nothing has been paid as there is nothing to pay it with and creditors have not approved the remuneration proposal)
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