FANDL Posted May 7 Share Posted May 7 3 minutes ago, NoTailT said: I had a look at companies house. How does a company with a few hundred quid in the bank offer loans for millions? Plenty of IOM addresses on these https://find-and-update.company-information.service.gov.uk/officers/hNRqJbBuhy-sYf_eHHwnqftWzQg/appointments Quote Link to comment Share on other sites More sharing options...
Albert Tatlock Posted May 7 Share Posted May 7 4 minutes ago, NoTailT said: I saw a Steven Hawkins on Companies House was Disqualified but I assume it's a different one. Was just looking why he might not be a director himself. You can't get photons out of a black hole, never mind any money 😀 3 Quote Link to comment Share on other sites More sharing options...
Two-lane Posted May 7 Share Posted May 7 This is entertaining. Emerald Distributors Ltd lists 2 employees: Hawkins, Steve (secretary) and Hawkins, Steven (director). Is that legal? Quote Link to comment Share on other sites More sharing options...
Albert Tatlock Posted May 7 Share Posted May 7 6 minutes ago, Two-lane said: This is entertaining. Emerald Distributors Ltd lists 2 employees: Hawkins, Steve (secretary) and Hawkins, Steven (director). Is that legal? That's the multiverse for you. Quote Link to comment Share on other sites More sharing options...
Gladys Posted May 7 Share Posted May 7 (edited) 11 hours ago, Two-lane said: This is entertaining. Emerald Distributors Ltd lists 2 employees: Hawkins, Steve (secretary) and Hawkins, Steven (director). Is that legal? Yes, a director, even a sole director, can be secretary too. However, they cannot sign a document in both capacities. UK companies don't have to have a secretary. Also, you have to have sufficient directors to make a quorum for decisions and meetings. Under the model articles, the quorum is 2. So unless you have a different provision for a quorum, a company with standard articles cannot in fact function with one director. Is it legal to use two different styles of name for the same person? Probably not illegal, but possibly an oversight as the actual residential address and full date of birth has to be registered with Co House even though those details are not public. Co House wouldn't necessarily pick that anomaly up. There is new legislation in the UK to tighten up on the accuracy of information filed and improve their powers to make sure the info is accurate. Edited May 8 by Gladys The important three letter word, 'not' 1 Quote Link to comment Share on other sites More sharing options...
John Wright Posted May 8 Share Posted May 8 10 hours ago, NoTailT said: I had a look at companies house. How does a company with a few hundred quid in the bank offer loans for millions? It doesn’t say it does. It’s a middleman/introducer, allegedly bringing together investors and businesses requiring investment or capital. Quote Link to comment Share on other sites More sharing options...
NoTailT Posted May 8 Share Posted May 8 1 hour ago, John Wright said: It doesn’t say it does. It’s a middleman/introducer, allegedly bringing together investors and businesses requiring investment or capital. Sorry, this is what I'd read https://www.iomtoday.co.im/news/fraud-trial-hears-letter-used-by-isle-of-man-company-director-in-talks-to-buy-airline-was-fake-685451 Quoting These documents made out that the government were acting as guarantor for a loan of £13m between Ettyl and a company named Paradigm VL Group Ltd in order to purchase the airline. Quote Link to comment Share on other sites More sharing options...
When Skies are Grey V2 Posted May 8 Share Posted May 8 11 hours ago, NoTailT said: I had a look at companies house. How does a company with a few hundred quid in the bank offer loans for millions? I saw a Steven Hawkins on Companies House was Disqualified but I assume it's a different one. Was just looking why he might not be a director himself. Probably in the same way a day old company can secure millions of pounds worth of PPE contracts......... Its not what you know etc etc.. Quote Link to comment Share on other sites More sharing options...
WTF Posted May 8 Share Posted May 8 5 hours ago, NoTailT said: Sorry, this is what I'd read https://www.iomtoday.co.im/news/fraud-trial-hears-letter-used-by-isle-of-man-company-director-in-talks-to-buy-airline-was-fake-685451 Quoting These documents made out that the government were acting as guarantor for a loan of £13m between Ettyl and a company named Paradigm VL Group Ltd in order to purchase the airline. is that the same paradigm that closed down after that snooker player robbed them and moved to jurby ?? Quote Link to comment Share on other sites More sharing options...
NoTailT Posted May 8 Share Posted May 8 Another day.. quick write up. https://www.iomtoday.co.im/news/isle-of-man-pilot-was-first-to-raise-the-alarm-over-alleged-stobart-air-purchase-fraud-686737 I find it funny (I think) that it was Loganair who apparently were first to start asking questions. Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted May 8 Share Posted May 8 I like this bit at the bottom of the report.... 1 3 Quote Link to comment Share on other sites More sharing options...
Fred the shred Posted May 8 Share Posted May 8 Paul Quine was on the ball he was ok as an MHK . Quote Link to comment Share on other sites More sharing options...
FANDL Posted May 9 Share Posted May 9 (edited) Todays installment is good where Hawkins discloses that he was basically paid five grand to issue a valueless facility letter and did no due diligence at all. https://www.iomtoday.co.im/news/brokers-shock-over-forged-documents-used-in-alleged-stobart-air-purchase-fraud-686428 “The witness also denied drafting an email to Mr Scales to which the guarantee document was attached” Edited May 9 by FANDL Added italics Quote Link to comment Share on other sites More sharing options...
Roger Mexico Posted May 9 Share Posted May 9 17 hours ago, NoTailT said: Another day.. quick write up. https://www.iomtoday.co.im/news/isle-of-man-pilot-was-first-to-raise-the-alarm-over-alleged-stobart-air-purchase-fraud-686737 I find it funny (I think) that it was Loganair who apparently were first to start asking questions. What really strikes you about all that is how convoluted it is. An Aer Lingus employee has some concerns over the authenticity of a letter signed by a couple of Manx civil servants. Does he ring them up to check? Of course not. He rings someone in another airline who contacts someone he knows who is an MHK who speaks to the Chief Minister (who appears to do nothing) and the Minister who then contacts the Aer Lingus guy and tells him to .... contact the civil servants to validate it. 1 1 1 Quote Link to comment Share on other sites More sharing options...
Two-lane Posted May 9 Share Posted May 9 "Cross-examining, defence advocate Laurence Vaughan-Williams said there was no dispute that the ‘Greenhow guarantee’ document was not genuine. But he added: ‘What the defence is unable to establish is the provenance of that particular document.’" Quote Link to comment Share on other sites More sharing options...
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