Rarely can there have been as much interest in a company which is on the verge of being struck off the Register of Companies as there is in Sevco 5088 Ltd.
This is the company formed for Charles Green and which was granted exclusivity to negotiate the deal to buy the assets of Rangers from Duff and Phelps. In addition Duff and Phelps made very clear that Sevco 5088 Ltd had a binding agreement to buy the assets if the CVA plan failed, as it did.
However the assets ended up in the hands of Sevco Scotland Ltd instead. Either they went to that company as Sevco 5088 Ltd’s nominee or it transferred the assets after purchase to that company or somehow Duff and Phelps forgot about Sevco 5088 Ltd and simply dealt with Sevco Scotland Ltd, a wholly unrelated company, only sharing Mr Green as Director.
Today STV News revealed that Mr Green had authorised the appointments of Craig Whyte and Aidan Earley as Directors of Sevco 5088 Ltd in May 2012, although the papers have only just reached Companies House. Mr Green’s signature is clearly there below that of Mr Whyte.
Being a sad man, I thought I would check Companies House to see if the company details had changed. The registered office of Sevco 5088 Ltd was 35 Vine Street, London, being the office of Field Fisher Waterhouse Solicitors.
As we have seen revealed this week it would appear that FFW came into the Rangers deal at the instance of Mr Whyte, rather than Mr Green.
Logging on to Companies House, the following appeared:-
Name & Registered Office:
SEVCO 5088 LIMITED
48 SKYLINES VILLAGE
SKYLINES VILLAGE LIMEHARBOUR
Company No. 08011390
Status: Active – Proposal to Strike off
Date of Incorporation: 29/03/2012
Country of Origin: United Kingdom
Company Type: Private Limited Company
Nature of Business (SIC):
Accounting Reference Date: 31/03
Last Accounts Made Up To: (NO ACCOUNTS FILED)
Next Accounts Due: 29/12/2013
Last Return Made Up To:
Next Return Due: 26/04/2013
Mortgage: Number of charges: ( 0 outstanding / 0 satisfied / 0 part satisfied )
|No previous name information has been recorded over the last 20 years.|
|UK Establishment Details|
|There are no UK Establishments associated with this company.|
|Oversea Company Info
There are no Oversea Details associated with this company.
You will notice the new Registered Office.
48 Skylines Village is an address which might ring bells with long-time readers of this blog.
Briefly it happens to be the address at which a large number of companies involving Craig Whyte have had their Registered Office dating back over many years. Through those companies there are long-standing connections between Craig Whyte and Aidan Earley and his brothers.
To change the Registered Office of a company requires the consent of the directors or of an authorised person.
At the time in May when Mr Whyte and Mr Earley were appointed, the only Director was Mr Green. He was also the only shareholder and, unless he had authorised someone else to do so, he was the only person to be able to authorise new directors and a change of Registered Office.
Why has the Registered Office been changed now?
If it is like the addition of Directors then the form will have been signed last year and only submitted now.
Why would Craig Whyte do so (if one assumes it is him)?
Bearing in mind that the last few days have seen Mr Green boast of duping Mr Whyte whilst denying any substantive connection to him, what better way to expose his alleged lies than to reveal and indeed register official documents signed by Mr Green?
If one wanted to be melodramatic, one would say that Mr Whyte has produced these “smoking guns” as a form of revenge on Mr Green for a double-cross.
Maybe Mr Whyte thinks that Mr Green deserves to have his reputation impugned for what he did to the former “Motherwell –born billionaire”?
We would need an interview with Mr Whyte to find that out for certain.
What can be said is that:-
- Companies House have effected the change of Registered Office, so we can assume there are no doubts over the veracity of the paperwork;
- The change can only have been authorised directly or indirectly by Mr Green;
- The New Registered Office is one which has been intimately linked with Mr Whyte going back over many years; and
- All of this looks absolutely damning for Mr Green if the rest of his Board did not know about it.
Posted by Paul “Poirot” McConville