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 flurry of recent filings by companies linked to Worthington/Craig Whyte/Aiden Earley and their puppet Doug Ware has thrown up what appears to be a killer revelation regarding the deliberate deception of investors and it concerns what was the only real asset of value that the Old Mother ever owned – the factory at Keighley in the welfare safari of West Yorkshire.
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Comments
turbograndad
A hegemony of scoundrels no less.
By Tony Hetherington for The Mail on Sunday 2010 - Is Worthington Group PLC the new Chariot UK PLC MKII? Deja vu!
By Tony Hetherington for The Mail on Sunday
6 November 2010
Read more: http://www.thisismoney.co.uk/money/article-1327302/TONY-HETHERINGTON-Succes-firm-gets-F.html#ixzz3m0EzmUw8
K.G. writes: I believe I have been a victim of financial wrongdoing. I and my solicitors have written twice to Chariot (UK), a company in which I have shares, expressing a wish to sell them, but have had NO RESPONSE.
TONY HETHERINGTON, FINANCIAL MAIL ON SUNDAY READERS CHAMPION INVESTIGATES:
ChariotUK plc launched an online lottery four years ago in an attempt to rival the National Lottery. It flopped, and in 2008 the company’s shares were first suspended from trading on the Alternative Investment Market and then completely delisted.
Instead of a multi-million pound plc, the business became a small limited company worth just over £300,000. The documents you sent me show that you hold 111,500 shares in Chariot UK.
You have not said when you bought them, but if it was at their peak, you have lost about £200,000.On the other hand, if you bought after the collapse but while the shares were still traded, you have lost only £166.
The directors who set up the failed lottery resigned and the business is now headed by AIDAN EARLEY, who stepped in last year. He shot to a sort of fame in the City more than 20 years ago when he set up an investment company soon after leaving school and then went bankrupt with debts of £1 million at the tender age of 22.
He tells me: ‘In an effort to keep costs to an absolute minimum, Chariot has no premises or employees’. Its current directors draw no pay and the company’s mail is taken in by a separate company, which says it has no record of your letters.
He says Chariot is LOOKING AT A POSSIBLE SMALL ACQUISITION AND SHAREHOLDERS WILL BE INFORMED IF THIS GOES AHEAD.
If it does, Earley hopes to arrange for the company’s shares to be TRADED AGAIN, possibly on a junior market in GERMANY. Meanwhile, the cost to you of buying a copy of the shareholder register so you can advertise your holding for sale would almost certainly exceed any offer you might attract.
https://beta.companieshouse.gov.uk/company/04727361/filing-history
Chariot UK Ltd
14 Apr 2015 Final Gazette dissolved via compulsory strike-off
28 Jan 2015 Termination of appointment of Aidan Chan Edmund Earley as a director on 22 February 2011
17 Jun 2010 Appointment of Mr Wulstan Kenneth Frank Earley as a director
08 Jun 2010 Termination of appointment of Anthony Cooke as a director
08 Jun 2010 Termination of appointment of Peter Townsend as a director
29 Jul 2009 Ad 21/07/09\gbp si 20000000@0.01=200000\gbp ic 709642/909642\ FE NOMINEE DIRECTORS
01 Jun 2009 Director appointed anthony ralph cooke
17 Mar 2009 Auditor’s resignation
25 Feb 2009 Director appointed aidan chan edmund earley
16 Apr 2008 Director appointed peter townsend
Book your place at the Great British Entrepreneur Awards with Aidan Earley and Worthington Group PLC, sponsored by RBS, NatWest, MINI, AXA, INTUIT, FedEX, Kingston Smith, Croner, ACT, Exact, OKI, The Princes Trust, Fresh Business Thinking, Nabarro.
http://greatbritishentrepreneurawards.com/celebrating-entrepreneurs/awards-ceremony/