Ince Share Discussion Threads

[pinemartin9] 10/6/2024 06:00

Is there any possibility of compensation here? Axiom Ince is up for fraud. Does this relate to Ince at all?

[xenomorph1] 06/7/2023 07:34

its a small amount 500 GBP, but ok, i already counted it as worthless, but why is still there on my IB account as INCE.OLD???

[brucethegoldfish] 24/6/2023 17:02

Xeno - I’m afraid your investment is worthless. Ince went into administration months ago. Do you not read the news feed?

[xenomorph1] 23/6/2023 19:48

someone? please?

[xenomorph1] 17/6/2023 06:45

Hello all,

i had share of INCE on IBRK and now they are names INCE.OLD. What can i do with them, i want to sell them?
I havent been around a while, and i dont know what is happening...

[muffster] 01/5/2023 06:21

I've no idea how this could work but are investors able to launch a class action. Presumably we would need to prove negligence?

[diku] 29/4/2023 17:47

Was the China story just a song buy time...

[dennisbergkamp] 28/4/2023 17:23

They’ve got away with murder… we’re the victims

D

[rosejs2] 28/4/2023 17:22

The Buyers... hxxps://axiomdwfm.com/

[nigelpm] 28/4/2023 17:13

It's a zero I'd think.

[jim digriz] 28/4/2023 16:43

I imagine the announcement without a price is telling us we aren't going to like the price...

[greg the grinch] 28/4/2023 16:38

Sold...........down the river?

Ince Group PLC (The) Appointment of administrator and sale of business
28/04/2023 4:20pm
UK Regulatory (RNS & others)

Ince (LSE:INCE)
Intraday Stock Chart


Friday 28 April 2023
Click Here for more Ince Charts.

TIDMINCE

RNS Number : 9416X

Ince Group PLC (The)

28 April 2023

28 April 2023

IMMEDIATE RELEASE

The Ince Group plc

("Ince", the "Company" or the "Group")

Appointment of administrator and sale of business

Further to the announcement on 12 April 2023, Quantuma Advisory Limited have been appointed as administrator to the Company, Ince Consulting Holdings Limited, Ince Gordon Dadds Services Limited, Ince Gordon Dadds Holdings LLP and Ince Gordon Dadds LLP by the Court.

Quantuma Advisory Limited, as duly appointed administrator, have today implemented a sale of the Group's business and certain of its assets to Axiom DWFM Limited.

[jim digriz] 27/4/2023 21:55

Some chat here, other articles confirm Ince extended their 25 April deadline by 10 days.

[diku] 23/4/2023 09:55

with AIM it is awful???... the clue in the AIM name...AIM = Am I Mug?...




Pinemartin913 Apr '23 - 12:24 - 1237 of 1247
0 0 1
Agree - anyone got any legal knowledge here that could phrase something in the correct way. I suspect between holders on this board there is quite a significant shareholder representation.

Have to be honest though, with AIM it is awful. About 8 years ago I was heavily into Afren which went bust. Never saw any comeback despite arrests and obvious corruption.

You would have thought this bunch had more morals being in the legal profession. Another one to put on the list of mistakes.

[alders15] 14/4/2023 16:57

It is a pity that the creditor who pulled the plug was not named. They often think twice if this is going to happen. None of us know the current position with the outstanding audit and more will come out in the wash. The Administrator needs to sell quickly or some of the clients will move to other firms as will key staff. Hugely disappointing and the CEO and CFO have a lot to answer for as do the NEDs particularly the chair of the Audit Committee.

[quepassa] 14/4/2023 12:40

Somewhat muted article in rollonfriday today (plus readers' comments).

With a curious final paragraph.

hXXps://www.rollonfriday.com/news-content/ince-collapses-and-files-administration



ALL IMO. DYOR.
QP

[jim digriz] 14/4/2023 12:00

What a travesty. My largest ever loss as I foolishly thought "surely they'll at least manage to run it cash positively now?"

I hope someone is running around frenetically trying to get the audit complete because with that there will be a higher chance of selling the plc as whole as a going concern rather than just selling off the underlying businesses. Purchasers will be very curious as to what on earth the problem could have been.

The firm should have some useful assets, like millions of pounds of unbilled work in progress. Hopefully the administrator will remember to ask purchasers to pay for that rather than throw it in when selling everything to an MBO for £1 or whatever other way we are going to get left out of the action this time.

I'd always understood that the various part of this firm had profit sharing arrangements with senior lawyers. Somehow it seems that any such profit sharing arrangements have failed to share losses or slow/failed collections.

Sigh. AIM shares.

[neilyb675] 14/4/2023 06:43

good to see some action from major shareholders

[quepassa] 14/4/2023 06:35

Against what has happened recently, it is interesting to re-read the statements and Trading Update issued by Ince just a few months ago in November 2022.

The RNS is dated 23/11/22 and accompanied the Proposed Placing.

ALL IMO. DYOR.
QP

[albert zog] 14/4/2023 06:05

Reports on Tradewinds and LSE forum that Alan Sellers / Anexo is now pursuing a lawsuit against Ince Board, presumably including Donald Brown. Sellers will have lost a small fortune here. This must reflect the placings last year, and the disclosure around Ince finances. The plot thickens

[quepassa] 13/4/2023 12:39

But that's the point.

They DO know it all.


ALL IMO. DYOR.
QP

[diku] 13/4/2023 12:05

Aren't these guys supposed to be the know it all type?...

[quepassa] 13/4/2023 11:57

An interesting article (together with the links highlighted in orange) in LegalFutures dated yesterday:-


hXXps://www.legalfutures.co.uk/latest-news/listed-law-firm-heads-into-administration-as-cash-runs-out



ALL IMO. DYOR.
QP

[greg the grinch] 13/4/2023 11:50

Being in the legal profession = zero morals.

I'll admit some have a good heart, but they are in the minority.

My biggest loss was getting screwed at SXX (sirius minerals). That was a disgrace.
Short of funding but did not go back to shareholders but instead behind everyones backs was sold on the cheap to a mining giant.... utter cun*s.

FCA did nothing - run by spivs for spivs.

[pinemartin9] 13/4/2023 11:24

Agree - anyone got any legal knowledge here that could phrase something in the correct way. I suspect between holders on this board there is quite a significant shareholder representation.

Have to be honest though, with AIM it is awful. About 8 years ago I was heavily into Afren which went bust. Never saw any comeback despite arrests and obvious corruption.

You would have thought this bunch had more morals being in the legal profession. Another one to put on the list of mistakes.