UK 11:25 Sunday, 4 October 2026
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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.
The Quenron (QPP) subsidiary accounts are now landing thick and fast at Companies House and I am ploughing through them but have unearthed the stinkiest yet – Compass Costs. The numbers stated are different in different places, there is revenue missing and there is a curious dividend paid. It stinks to high heaven and since Compass is part of an FCA regulated entity (Quindell Legal Services of which more later) this is certain to attract FCA attention.
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Comments
zeroneagtive
Hi,
I see that your stalker is back – he must live on this site as he seems obsessed with being the first poster on all your threads.
Did he give an answer about who the company who QPP did business with in 2011? I thought he wasn’t allowed back on until he did.
So what is your price target KB and what time scale since you appear to be a stock picking genius? £15 a share? £3 next weekend.
Juicin Drumroll
KB,
If no one is listening to TW pray tell why are about 75% of the posts on the ADVFN & LSE QPP BBS & #QPP tweets made up of personal attacks, rants & hate messages aimed at TW?
Most bulls on these sites talk MORE about TW then they do about QPP. Oddly, when these gamblers are asked to chose a single point he makes & rebut it these ignoramuses reach into their bag of excuses & fall back on the default response of abuse.
So much for discussing the pros & cons of the investment case with people who have doubled & tripled down on red or black!
boggle
If it looks like a duck and quacks like a duck, its a duck. There is no profitable business here its all smoke and mirrors.
hammer69
Missed biggest red flag of all – as a sub of Q Plc this company not eligible for audit exemption in 2013 as traded until Apr and then sold assets/liabs under Q’s ownership – so why no audit???
J P Spaghetti
“this is certain to attract FCA attention”
One would hope so but if the bookies were open to taking bets on that (hypothetical I know given the FCA’s lack of transparency)…
Batman
KB you are deluded as is every other Schmuck who continues to think that this company has any integrity and therefore value. It’s a greedy, self fulfilling entity, that spreads lie after lie to continue to squander shareholder cash. I look at the company and what it offers and aside from this huge claims book and accrued earnings, the rest of it is, to be frank, dog shit. The offering of this company as a whole is so wishy washy. Are they a telematics company? Are they a legal firm? Are they a leading provider of SaaS? Are they a business process outsourcer? I mean, what does that even mean? Quindell is good at one thing only and that is buzzword bingo. Oh forgive me, I don’t doubt that some money is generated somewhere and that the company is indeed a business in the sense that it sells goods or services but if you have to lie and scheme your way to stay alive then your only as good as your last lie. I actually think toms d-day prediction is brave but also generous.
zeroneagtive
Hi,
KB – you have never answered a single question since you starting trolling this board so why should anyone take any notice of you.
Why have QPP not taken Tom to court? If they don’t after boasting that they will they are admitting that they are a fraud.
taxidermist
There were probably four stages to all this: shares issued by QPP Plc for CC; a sale of assets by CC to QLS; an intra-group charge by QLS to CC to clear out the profit to date; and an group dividend to clear out CC prior to striking off. There do not seem to be any tax issues due to the intra-group transactions. There is not enough space here to go through things line by line.
Bonanova
What makes me laugh with this dog (i wouldn’t call it a business) is that you have investors blaming the “shorters” for the depressed share price whilst the company is diluting the f*** out of them having issued huge amounts of shares to buy worthless companies and these investors say nothing……..Has there ever been a company with a trillion shares in issue? there might be soon!.
Trying to get this on the official list, what were they thinking.
I have shorted this before and will be doing so again in the morning. I totally agree 0p not if but when.
Garry
Looks a very different business to portrayed above in TW’s blog.
140 employee’s.
This firm is authorised and regulated by the Solicitors Regulation Authority, details of the Solicitors Code of Conduct are available at www.sra.org.uk. We are also authorised and regulated by the Financial Conduct Authority, firm reference number 579176.
http://www.compass-law.co.uk/#home
Batman
f you sad trolls could only answer one basic question: Why IF QPP is a Fraud is it still trading and comfortably above 0p?
Easy:
Price is what you pay and value is what you get. I think you struggle with which one is which.
Merc
Tom
You’re asking where the trading activity is for the first 3 months – it’s there as part of profits from discontinued operations – note 3.
Tom Winnifrith
Merc
as per article ( par 10). My pint is that if CC is not declaring those trading profits & sales before Quenron bought it in its main P&L who is booking them?
T
Merc
They are shown exactly where they are supposed to be shown:
Within the Profits from discontinued operations line in the Income Statement.
Note 3 contains the analysis.
Jon Pickles
KB: Why is it still trading and comfortably above 1p? Because there are plenty of individuals and institutions who have either not woken up to what is going on here or are themselves in denial.
It took Harry Markopoulos almost 10 years to convince the authorities Madoff was a fraud.
It took mainstream medicine 30 years to stop x-raying pregnant mothers despite Dr Alice Stewart having proved conclusively in the late 50’s that it caused cancer in children.
Mankind had known for 300 years that lead was poisonous when leaded petrol was first developed, yet Thomas Midgely claimed tetra-ethyl lead was perfectly safe despite suffering from lead poisoning himself, and those who made it in the factory refering to it as looney gas.
Makind’s capacity for wilful blindness extends far beyond QPPSAG, sadly.
wildrides
KB you numpty
its 20.57 thats way past your bed time . Your Mum just shouted up the stairs what sandwich filling you want in your school lunch box tomorrow. Now turn off the light and go to sleep and no playing with your phone under the sheets .
alcira16247
Tom
Once again, first rate article!
This company is nothing but serial, so suspect your continuing investigations are going to uncover even more wrong doings.
Despite all the red flags and deafening alarm bells, I am amazed that M&G Group are still holding 7.71%, purchased December 2013. By my calculation they are down almost a pound a share – a whopping £30 million quid!
Still, seems Tom Dobell (mega stock picking star, M&G Recovery Fund Manager) remains a huge fan of Quindell and its entrepreneurial founder, Mr Terry. Guess we must assume, despite your and a growing army of fellow sceptical analysts concerns, Tom Dobell, is receiving daily reassurances by the bucketfuls from QPP’s besieged board, that all is well! We shall see, Mr Dobell.
Let honesty and integrity prevail!
Forty Two
KB – if you can manage a full book, just start of with the smartest guys in the room and see if you can figure out why guys like you placed a value of over $60bn on it shortly before it became a zero. Read Jon’s comment above too. All you need to know really fella…
Woody Ash
Tom – Do you understand the basics of accounting and corporate takeovers and the difference between transactions at the shareholder level and those at the company level?
As far as I can see from your post all the “discrepancies” actually relate to the conflation of two different ‘persons’ the shareholders and the company.
Forty Two
I think taxidermist is closest to the money. They bought the assets not the company. Whether the wipeout of stub period profits was done post the event or in the run up knowing it was to be bought we don’t know, but pretty standard for a biz about to be acquired I guess. It might say cash consideration just because that’s the audit template. If it really was cash then that’s proper weird, as it suggests immediate share sales by Compass. There is plenty of evidence of this elsewhere, where lock-ins are supposedly in place and so would not be atypical. The £14m went to CC shareholders by the look of it as a div from sale of assets. Not hard to hit the warranted CFO target of £1.5m in 2013 in the management accounts (to be fair you can hit anything in management accounts) given they did £2.3 in 2012. However, getting the net up to £2m from a bit under half a bar would probably need the capital gain from the asset sale in order for them to say that number was hit, which I guess is pretty cheeky. They are a bit cheeky though…