Yes triskelion some good talking points on lse forum |
Latest filing at Companies House: "Termination of appointment of Sgh Company Secretaries Limited as a secretary on 17 March 2025".
The Lon/SE forum has been looking feisty. |
I think the company has expired tbh
Not sure he can bring this company back to trading |
"Website Expired
This account has expired. If you are the site owner, click below to login." |
That interview is from Nov 2021 whwn everything looke rosie |
A curiosity posted on the Lon/SE forum Tuesday afternoon:
- as the poster of it there said, no apparent date on the article; and my last-modified bookmarklet just says 11/03/2025 18:23 (usually these days when run on a page it says page dynamically created i.e. date last modified not known). |
#281
"9.10.2 The application must be made within five business days after the date on which the order was made, failing which it should include an application to extend time pursuant to Schedule 5 to the Insolvency Rules. ...."
I haven't looked further than that and am not in a position to verify whether any of the quoted stuff is current or unmodified! |
Once the harvest is in then whoosh! |
On another forum someone saying its only £155 to appeal but you have to have done it within 5 days well i presume that hasnt hppened as they wuold have to inform the market |
If you look in the thread Header above at the latest listed RNS and open it you will find at the end the phone numbers for the company, broker and financial adviser. You could call them and say ... well whatever you want to say e.g. how can the company keep the market informed if its website is offline? (I'm assuming a bill hasn't been paid, but that is mere unsubstantiated conjecture on my part). I suppose they might retort: by RNS!
I haven't emailed that fca markets intel address above (#277) yet. |
Its been 2 weeks since the company lost in court and a RNS the same day stated the directors have taken immediate a tion to appeal, nothing nothing since very poor and dissapointing, no website now as well, all monies have now prob gone,disgraceful actions |
Yet another Greek tragedy. |
"Hmm. We’re having trouble finding that site.
Server not found".
Anyone done a recent missive to MIUMailbox@fca.org.uk concerning current status of this entity? (Or to a more suitable address?) |
Notice of the Court's Winding-Up Order has made it to HELD's file at Companies House:
and
What's less easily findable is the action supposedly being taken to appeal the Order. |
HELD lost but say "The Directors have taken immediate action to have the judgement set aside for the reasons set out above and are confident that their application will be granted."
- see the RNS. Wherein also:
"The Directors also announce that the Company's discussions regarding approaches that it has received in relation to the Company's re-financing are progressing."
[as in watching paint dry] |
No outcome showing yet, as I said expect it Friday night - when minds are elsewhere...? |
Once the harvest is in then whoosh! |
Circling the u-bend. |
So today is the court day. |
Friday "after-hours RNS night" upcoming? |
 It's the Marie Celeste of stocks.
Compare and contrast for instance CORO (though AIM traded not main market) which till lately was also in suspension and for me showing the same scale of paper loss. In the case of CORO however if current proposals get upheld at upcoming shareholder and bondholders meetings even the bondholders for example will have taken a massive haircut and swapped their debt for the lower ranking of equity. So they appear to have hopes in their business plan and prospects.
Cf. HELD. It's hard to know what explains the apparent inactivity of the major shareholders i.e. what do they know that we don't. It's not as if they are even theoretically impotent; probably not the best source and I have not verified this against the 2006 Act, but
"...The members also have the ability to demand a general meeting. Section 303 of the Companies Act 2006 requires the directors to call a general meeting once the company has received requests from members representing 5% of the paid up share capital those entitled to vote at general meetings of the company...."
See also (with same caveats):
But would there be replacement/s willing to sup from the poisoned chalice? Again presumably it depends on how supportive or not the major shareholders might be...?
EDIT 2025-01-16
Consider going to e.g.
and searching for Holding in Company and you will find data indicating there are several shareholders with the necessary voting rights to er, activate matters if they so wished.
Meantime a random reprise from 2021-06-10 regarding KNB's potential interest in the operations of HELD: |
i wonder what hannah deacon and prof mike barnes think of all the goings on here |
Sharescope gives the total of the holders I listed as having over 40% of HELD's issued capital. Presumably their data source/s is/are the same as other online research providers eg Stockopedia at least as regards TR1s etc...?
I thought I recalled KNB having a shareholding in HELD but there's a (to me) currently confusing Note 20 of KNB's AR y/e 31 December 2023 indicating perhaps not, but it contradicts the Sharescope number for Samos so maybe it's referring to KNB disposing of Samos not HELD, haven't really looked at it properly yet (and likely won't). |
Companies House isn't very informative.
Of the 9 co's linked to Rai, only HELD (accounts overdue), KARD Group (buying and selling of own real estate) and Campus Society ('active process to strike off')are 'live-ish':
of the remaining 6, 5 are 'dissolved' and 1 is 'in liquidation'.
If I were a betting man...
GLA |
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