UK 22:22 Sunday, 18 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Julie Meyer MBE is being pursued by a string of former employees and trade contractors who are demanding that her Maltese holding company pays tens if not hundreds of thousands of Euros of unpaid bills stretching back many many months. Yet apparently all is well and Ariadne is hugely profitable. So says Meyer.. I say BULLSHIT! Fake News!
Ariadne Capital Group Limited has announced, via PR wire, that in its first year of operations ( to August 2017) it made a profit before tax of €2,818,932 and ended the period with net assets of €5,247,915. We are also told that Meyer invested more than 1 million Euro into her Maltese operations. Really? In cash?
"I am fortunate to have outstanding support from two Managing Directors, a senior team of 8, a full team of 20 and terrifically supportive clients and investors who align with our mission and vision to put the entrepreneur at the heart of society," said Julie Meyer, CEO of Ariadne Capital Group Limited.
Yeah whatever... thanks be to God, yadda, yadda, yadda.
You will remember that Ariadne Capital Limited ( now in administration) boasted that in 2016 it made a profit of c£3 million and had net assets of £3,858,688 as at 31 December 2016 yet it had almost no cash at that point, was taken to court several timns in 2017 for non payment of bills and by 31 October had ZERO cash and is set to report a deficiency of £6,762,604 according to administrators Leonard Curtis with assets of Sweet FA.
So Julie, what is different this time? What was ACGL's cash postion at the year end? How much of your "profits" and net assets come from the revaluation of assets or sale of assets to related party companies? And how much from actual trading? Why if your Maltese operations are so goddamn profitable are folks across the island having to take you to Court for unpaid bills? Why, if Malta, has been such a success, have you now said that it is a rotten place to do business and that you are moving your operations to Croatia?
Julie will you answer these simple questions? If you do not I can only conclude that your press release is Fake News.
Of course being such a devout woman, Julie Meyer MBE needs no reminding of the words of Jeremiah, Chapter 9 ( King James Version natch). But for those Godless Maltese folks who are having to go to court to get paid by Ms Meyer not realising that she is doing God's will, I remind you of verses 23 and 24.
Thus saith the LORD, Let not the wise man glory in his wisdom, neither let the mighty man glory in his might, let not the rich man glory in his riches:
But let him that glorieth glory in this, that he understandeth and knoweth me, that I am the LORD which exercise lovingkindness, judgment, and righteousness, in the earth: for in these things I delight, saith the LORD.
Indeed, Thanks be to God and to Julie Meyer for creating a company that was almost as profitable and even more asset backed than the late lamented Ariadne Capital Limited.
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.
