Patisserie Share Discussion Threads

[opodio] 11/12/2018 08:46

luke johnson COWARD


His web site taken down


Wiki page being policied so nothing new negative goes on

[steptoes yard] 11/12/2018 08:34

Just a question, surely it would have been amongst the terms of their exit that she destroys any docs/files that are the property of the Company?

[ntv] 09/12/2018 06:07

they will get away with it as they always will in financial crime
when the big boys get found out they always throw big money at big lawyers and solicitors and confuse a judage then they walk away to do it again or just retire
WFJ

[sikhthetech] 08/12/2018 23:27

Interesting development..
If Nicola Hedley is suing then I would have thought she would have collected as much evidence as she could...

The mystery deepens...

[lefrene] 08/12/2018 10:51

I saw that article, thus the sham surprise is just theatre, this is where LJ discovers if he has any real friends who will do their best to cover for him, or whether they will treat him like a pleb. Knowing that things were awry with the finances perhaps opens one up to the charge of a 'false market'? Almost material for a pantomime, the Cakeman and his adventures with the blackhole!

[hpcg] 08/12/2018 10:41

I would suggest that recent events have already vindicated her entirely. If she alerted the board, for which all she needs is a copy of that letter, that is a slam dunk case IMO.

[pugugly] 08/12/2018 09:45

Mas: Unlikely unless she took copies of data with her - Possible - and also copies of her claimed alerts to management of the revenue figures and back-up. In the old days would have required masses of photo copy in the evenings but today simple (provided in house computers had USB facilities - Some companies especially banks have blanked them off to prevent data theft) -

As Marketing chief she should have been in a position to know daily figures by store and also margins - Very very interesting- especially as claimed flagged up to board.


Will watch and wait.... PS. Never held for same reason as you-

[masurenguy] 08/12/2018 09:03

Yes hcpg - it will be very interesting to see whether she can also produce documentary evidence and/or corroboration from any third parties to the tribunal. This was on my watchlist soon after the IPO but it also looked so overvalued to me that I was never tempted to invest here..

[hpcg] 08/12/2018 07:19

Mas - wow, that will set the cat amongst the pigeons. Unfortunately for holders this all looks worse and worse. As we know in investment no news is always bad news; that the company has not made a statement on its operational performance, which will be known day to day and week to week, speaks volumes to me.

[masurenguy] 08/12/2018 00:52

Patisserie was warned about finances year before scandal

The former marketing chief of Patisserie Holdings flagged potential issues with the café chain’s financial figures to its board more than a year before the company said that it had discovered an accounting black hole. Nicola Hedley, who is suing Patisserie Valerie’s parent company for breach of contract and constructive dismissal, included information challenging some of the group’s revenue figures in documents relating to her claim that was sent to board members in July 2017.

[thegreatgeraldo] 06/12/2018 11:39

No case to answer in the Tesco case. Seems pleading ignorance of dodgy accounts is all you need to do

[lefrene] 06/12/2018 11:18

The next RNS will perhaps indicate a desire to branch out into politics? :¬)

[kalkulacka] 05/12/2018 13:45

From the RNS: "The Company works tirelessly to put the events of the past months behind it and look forward to the future."

[lefrene] 05/12/2018 12:47

So the FRC are going to take two years going through three years worth of the accounts. You can't stiff your suppliers because they stop supplying and tell the rest of the trade to avoid you, thus it's the taxman that gets short changed.

I suppose the only mystery is how they got away with it for so long. No doubt the FRC will lay that at the feet of Grant Thornton. Quite probably a whole string of small limited companies being used to roll over as they reach the vat cash threshold. The new CFO will know what happened, but presumably he will not be going public.

[thegreatgeraldo] 05/12/2018 11:37

NTV
5 Dec '18 - 10:39 - 2406 of 2407
0 0 0
who was the whistle blower?

..Guess HMRC could take some credit?

[johnwise] 05/12/2018 10:53

Patisserie Valerie owner appoints interim CFO after suspended CFO quits amid accounting scandal

[ntv] 05/12/2018 10:39

who was the whistle blower?

[ntv] 05/12/2018 10:38

note appointment of new finance person. Interestingly he has not become a director!!

[monte1] 04/12/2018 16:58

Indeed. Has there ever been a case of accountancy fraud or mis-statement where things have NEVER been as bad as first feared?

[bbmsionlypostafter] 04/12/2018 16:15

How can ANY figures CAKE has given be relied upon when they have 'discovered' a £20 or £30 or £40 million hole in the accounts? NOTHING they have said can be believed without independent verification.

They are untrustworthy, it's just a question of how deep & how widespread that rottenness extends.

[lefrene] 04/12/2018 15:47

augustusgloop, I quite agree, real up to date figures could easily be given, but for the usual reasons will not. Do they intend to re-list or go private? No doubt LJ is doing his best to salvage what he can, but if they re-list he knows the numbers will come under the closest scrutiny.

[thegreatgeraldo] 04/12/2018 15:02

Time will tell..