Craig whyte ccs

But I hope there will be a more positive atmosphere by the time of the AGM. I have listed below details of some of the various companies where Mr Whyte is, or has been a director. Points of interest — Mr Whyte seems to exist in the register under two different names, and two different dates of birth! He is or was director of 10 active companies and 8 inactive ones.

He Is listed as being or having been director of 1 active company and 14 inactive. As can be seen, many of the companies have had a rather lax attitude to their compliance with Company Law as regards Returns and accounts.

It is of course possible that there are three different people referred to above, but I frankly doubt it. It might also be that whoever completed the relevant details for one group or other got his date of birth wrong repeatedly.

It would be unworthy, nor is there any evidence, to suggest that Mr Whyte deliberately changed his date of birth to try to avoid any connection with his former companies.

It should be noted that almost all of the Mr Whyte companies were created long after the Craig Whyte companies. It is also interesting to look at the records of Highland Council in relation to a planning application for repairers etc to Castle Grant in This is the castle bought by Mr Whyte and repeatedly refereed to in his interviews,. On page 2 of the list linked here we see an application for refurbishment and alterations to the Castle. Perhaps Highland Council have mis-spelled the name on the list.

Perhaps there was confusion on the part of Mr Whyte as to how to spell his name. Who can tell? Strident plc Dissolution as of 23rd Aug Hag Ltd. SC Company is dissolved as of 12th Feb Ccs Ltd. SC Company is dissolved as of 7th Jan Vital Security Ltd. Vps Ltd. SC Company is dissolved as of 11th Mar Iss Ltd. SC Company is dissolved as of 3rd Jan Vital Holdings Ltd Company is dissolved as of 26th Apr Countryliner Group Ltd Financial Statements too old.

Team Discounts plc Active — formed 10 th November Zemfill Plc Company is dissolved as of 25th Jan Merchant Interactive Ltd Company is dissolved as of 22nd Feb Mcr Investments Ltd Company is dissolved as of 14th Jun Mcr Capital Ltd Company is dissolved as of 14th Jun Tagged as Craig Whyte , Rangers.

It has not been easy to pin down what Mr Whyte actually did to earn his seven year disqualification. This company was incorporated in and dissolved in The records I saw did not disclose him as having been a director in fact the records I saw identified none of them. It seemed less likely, in view of the matters below, that the affairs of a company which only existed, pre liquidation, for 18 months, could have led to a disqualification being imposed almost 4 years later.

In addition Vital Security had as a director Kevin Sykes, the convicted fraudster. One was disqualified on 5 th April until 4 th April under section 6 of the Company Directors Disqualification Act This relates to disqualification of unfit directors of insolvent companies. The ban for the other Mr Sykes or the second disqualification for the same man runs from 2nd November until 1 st November and is under section 2, which deals with convictions for indictable offences.

All of the above seemed entirely credible and hung together to my eyes. On 27 th October , the company passed a special resolution resolving that it should be wound up. This was a voluntary liquidation by the members of the company, and as such a Declaration of Solvency a Form 4.

The Declaration must The liquidator was appointed with immediate effect and the relevant papers were received at Companies House on the 2 nd November The London Gazette of 7 th November reported the appointment of the liquidator.

The same edition of the Gazette also reported the passing of the Special Resolution. Vital UK Ltd in liquidation then lingered on for far longer than it had existed as a solvent company. The liquidation continued until, finally, the Company was dissolved in The liquidator prepared a statement of affairs detailing the financial position of the company as at 25 th October and produced the statement on 6 th November The liquidator noted that the company would not, despite the terms of the Declaration of Solvency, pay its debts within the required period of one year which was by this point about to expire.

This company was wound up in So where does this take us? Are we any nearer to working out why Mr Whyte received a seven year ban? Vital UK Ltd had a liquidator appointed on the basis that it could pay its debts.

The directors, or at least a majority thereof, put their names to the Declaration of Solvency. However, once the liquidator discovered that less than one sixth of the bills receivable were likely to be recovered, this made it clear that the debts would not be paid. At that stage the tax man was a preferential creditor, but even he was not getting anything near what he was due.

The cost of a liquidation running nearly 7 years would be enormous normally. On the information available therefore the issues seem to be a was the Declaration of Insolvency filled in falsely and b why were the bills receivable in the books so far above what the liquidator thought could be recovered. Both factors could, for example, have been as a result of a major debtor failing, and indeed the London Gazette records an application by Vital UK Ltd to wind up another company.

Could there have been an issue here which brought the attention of the Insolvency Service to bear? Mr Whyte has it in his power to explain what he was disqualified for. Is his fear that the reasons are actually worse than people are imagining? Maybe one day he will tell us. When the matter called again at the Court of Session in Edinburgh, judge Lord Hodge was told that both parties had reached agreement.

This was the man who was one of those who had the cheek to sue Rangers and against whom Mr Whyte was pledged to fight…. Little did I realise when I first penned a few words regarding the legal issues surrounding Craig Whyte, the Motherwell-born Billionaire, and his purchase of Rangers, that still, months later, there would be new matters to write about.

A Proof Before Answer is a hearing on the evidence and facts which is necessary before legal arguments are heard. Well, nothing to do with Rangers directly, but a lot to do with Mr Whyte! There are two matters worth noting, I think — one about this case and one about the company. The company issue might lead someone of a suspicious or cynical bent to suspect that Mr Whyte was acting as a shadow director whilst disqualified.

That would clearly be an entirely inappropriate accusation, as I will discuss below. Tixway UK Ltd has a trading address. It is a castle in Morayshire.

In each of the last two years dissolution notices have gone into the Edinburgh Gazette for this company on the basis that, each time, the Annual Return has been late. On each occasion the striking off has been cancelled when, belatedly, the Return has made it to Companies House. Clearly, as with the delayed Annual Return for Rangers, this must be an administrative problem caused by someone being on holiday, or by one of the various Directors ignoring their responsibilities, and therefore nothing that could be held against Mr Whyte.

No one would dare suggest that he has a cavalier attitude to Company Law. This company is involved in assisting clients to set up a limited company and is appointed as the Director initially, stepping down when the true owner is in position to takeover. The other Director was Kim Whyte. Therefore he could neither be a company director, nor a shadow director, until 13 June By that date Tixway UK Ltd had been up and running for almost five months.

As we will see from the figures below, at the first year end in January , the company had made a flying start. I would not suggest Mr Whyte ignored or failed to understand the effect of his ban. Clearly the business acumen she exhibited in her short time in charge should have deserved a longer stint in the front line?

This company was formed in May and is listed as non-trading. The only human director is Thomas Whyte, a 64 year old Construction Worker. One wonders of Thomas Whyte could be connected to Craig Whyte. It always amazes me how a Company can be a company director or secretary. It shows what an amazing invention corporate identity was! The excellent Andy Muirhead of Scotzine. In the same piece, he mentioned this case as well. To date only two payments have been made…. However like his previous debts, Whyte has denied his company owed the money.

Any legal action will be defended robustly. Taking what is known of this dispute, it seems quite simple. That company has not paid that amount of the bill. This seems rather odd. The liquidator noted that the company would not, despite the terms of the Declaration of Solvency, pay its debts within the required period of one year which was by this point about to expire.

This company was wound up in Vital UK Ltd had a liquidator appointed on the basis that it could pay its debts. The directors, or at least a majority thereof, put their names to the Declaration of Solvency. However, once the liquidator discovered that less than one sixth of the bills receivable were likely to be recovered, this made it clear that the debts would not be paid. At that stage the tax man was a preferential creditor, but even he was not getting anything near what he was due.

The cost of a liquidation running nearly 7 years would be enormous normally. On the information available therefore the issues seem to be a was the Declaration of Insolvency filled in falsely and b why were the bills receivable in the books so far above what the liquidator thought could be recovered. Could there have been an issue here which brought the attention of the Insolvency Service to bear?

You can see it here — VitalDeclaration. Interestingly, though I am sure just a clerical error, the declaration states that a statement of affairs up to 31 st August, being the latest date practicable, is attached. The statement of affairs is dated 23 rd October. The Company seems to have had little variety of material available to it.

There are no other assets of any kind listed. This perhaps is what Registrar Simmonds is referring to when he talks about assets being pout out of reach. Which is the subject of my next post.

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Comments posted here are the opinion of the commenter alone and should not be taken as being my opinion. Comments are not generally pre-moderated but can be removed at my discretion. It was alleged that Whyte failed to ensure that Tixway maintained adequate accounting records and failed to cooperate with the liquidator and Insolvency Service.

Whyte was previously banned for a period of seven years in a case concerning the misapplication of money and property to the detriment of creditors. You are commenting using your WordPress. You are commenting using your Google account. You are commenting using your Twitter account.

You are commenting using your Facebook account. Notify me of new comments via email. Notify me of new posts via email. Skip to content This genuine email is reproduced from the shareprophets. Whyte was previously banned from being a director for seven years. Lawyers previously acting for him withdrew from the case.

Residence unknown Mr Thomson was granted an amendment to the court document to state that his current place of residence was unknown. The Secretary of State was awarded the expenses of the proceedings.

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