Posts in "Investigations"
Hestview Limited Notes to the financial statements 23. Events after the balance sheet date (continued) Concurrently, on 7 August 2025 the Group entered into Fourth Incremental Assumption Agreement (the “Fourth incremental Assumption Agreement”) further amending its existing Credit Agreement dated November 24, 2023. This amendment pravided for an additional $500 million of Term Loan B borrowings (the “Fourth. Incremental Term 8 Loans”), which: * mature on 4 June 2032; ¢ bear interest, at the Borrower's option, at either (i) Adjusted Term SOFR + 2.00% (subject to a 0. 50% floor) or (ii) ABR + 1.00% (subject to a 1.00% ABR floor); and, * require quarterly amortization of 0.25% of the original principal amount, with the remaining batance due at maturity. The aggregate principal amount available under the revolving credit facility under the Credit Agreement also increased by £50 mittion. The Notes, the Third Incremental Term B Loans and the Fourth Incremental Term B Loans are guaranteed on a-senior secured basis by the Company and other guarantors (together “the Guarantors}, who are also the Guarantors of the existing notes and the credit facilities of the Group as on 31 December 2024. - : N Ouring 2025, as part of a strategic initiative, it was annourg€d the Campany’s sportsbettirm™ would transfer to a newly established fellow Group compagy, SBG Sports (Malta) Limited. Fo will provide support services and licence intellectual propereio fellow Group companies. trading activities will decrease from 2026 onwards. gperations under the Skybet brand owing this transfer, the Company nagement expects the Company's The Directors are not aware of any other matter or circumstance occurring since 31 December 2024 up to the date of these financial statements that has significantly or may significantly affect the operations of the Company, the results. of those nneratiane or the ctatre af affaire af tho Caomnany in cuhcequent financial vears
Nov 18, 2025 Investigations

Betting on tax avoidance – is Sky Bet avoiding £55m tax per year?

ITV News has just broadcast an investigation: gambling company Sky Bet has migrated its business to Malta to avoid around £55m of tax each year. We provided technical support for the investigation, and this report goes into further detail of what precisely Sky Bet has done. Sky Bet provides a vague explanation of why they […]
Appendix A —Director’s Statement of Affairs and List of Creditors The Joint Administrators have been notified of additional unsecured creditor claims beyond those included in the Director's Stalement of Affairs. In accordance with Rule 3.35 (i)(i) and R3.35 (2) and (3) IR16 a list of creditors has been provided The Faorvis Mazars Joint Administrators pass no comment on the creditors list below and provide this list with the sole purpose of complying with their interpretation of the relevant sections of [R16 Company Creditor - Schedule B - Creditors PPE Madpro Limited (Registered Number - 12597000) Key Name Address Amount Of Debt £ CADOGO Ange'o (PTC) Lemited ga Samuel Karns House, & 11 St Georges Strect, Douglas. Isic of Mar IM? 1AL 1,000.060.00 eM Revenue & Customs x00 Pus 2 eeravonal LUND foo! New ofree. square, Londo, 38 SIEKNOW codes Trasspertect Legal 33 Arigate House. London. EC3N 14H unknown CT0001 The Depanment of Health and Social Care Ministenal Correspondence and Public Enquiries Uni. 39 Viciona Street, London. SWtH OEU 148.045.993.00 6 entries totalling 188,262,228.88
Nov 6, 2025 Investigations

Douglas Barrowman and Michelle Mone may have avoided tax on their £65m PPE profits

During the pandemic, Douglas Barrowman’s company, PPE Medpro, sold £200 million of PPE to the Government. It made £65m profit, which went into trusts benefiting Barrowman and Mone’s families. Most of the PPE was later ruled to breach sterility standards but, rather than repay the money, Barrowman put PPE Medpro into administration. New documents show […]
YOU May be abie to issue your Claim onuine wnicn Claim no. may save time and money. Go to www.moneyclaims. service.gov.uk/make-ctalm to find out more. Issue date Claimant(s) name(s) and address(es) including postcode KORO Setu Kamal Palm Jumeirah, Dubai, oN UAE 00000 a "AL pan: c “48 hers 2025 +; z/ a of Defendant(s) name and address(es) including postcode e & f Tax Policy Associates, a non-profit company limited by guararntee, no 14053878: £4 DitycRo “London EC1V2NX (First Defendant) Dan Neidle, 124 City Road, London, EC1V2NX (Second Defendant) KB-2026-003209 NOT FOR SERVICE OUT OF JURISDICTION Brief details of claim The Claimant brings claims in libel pursuant to section 1 of the Defamation Act 2013 and, in the alternative, malicious falsehood pursuant to the common law and section 3 of the Defamation Act 1952. The claims are against the First Defendant, Tax Policy Associates Limited, and the Second Defendant, Dan Neidle, in respect of online publications falsely alleging that the Claimant has engaged in unethical, unlawtul or failed tax avoidance activity, that he poses a risk to the public, and that his legal claim against the Defendants is abusive and intended to suppress scrutiny. The Claimant seeks damages (including aggravated damages), an injunction restraining further publication, and a published apology, for serious rani itatinnal harm and/nr neriiniary: Ince eqiicand
Oct 23, 2025 Investigations

I’m being sued for £8m for a report on tax avoidance

I am being personally sued for more than £8m by a barrister, Setu Kamal. I believe this is one of the largest English libel claims ever made. Mr Kamal objects to a report we published back in February about a firm called Arka Wealth (which appears to have since gone out of business). In September […]
A handwritten note by Claire Gill saying: They will bring in blockchain -> if no blockchain -> scam -> fraud -> criminal
Oct 19, 2025 Investigations

Carter-Ruck enabled the $4bn OneCoin fraud. Was it a crime?

Carter-Ruck, Britain’s most famous libel firm, threatened whistleblowers, journalists, regulators and even the police on behalf of OneCoin, a $4 billion crypto-fraud. The firm played a key role in helping the fraud to continue. Did Carter-Ruck cross the line, and commit a criminal offence? OneCoin’s founder is now on the FBI’s Ten Most Wanted list; […]
Property118 - a duff inheritance tax structure
Oct 6, 2025 Investigations

The problem with unregulated tax advisers: a scheme from Property118 that could cost clients £100k+

Most of the HMRC losses from tax avoidance aren’t from multinationals or billionaires – they’re from small businesses, who’ve often been sold disastrous schemes by unregulated advisers. It’s a mis-selling problem as much as a tax problem. This report presents one example – but the internet is full of many, many others. The media focus […]
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Sep 28, 2025 Investigations

Did Keir Starmer use a trust to avoid inheritance tax?

When Sir Keir Starmer gave a field to his parents, he used a “life interest trust”. This meant that, as its value grew from £20k to £300k, it was outside his parents’ inheritance tax estate. UPDATE: 10am Sunday 28 September. Sir Keir just told Laura Kuenssberg that he didn’t create a trust. That is hard […]
Carter-Ruck - the UK's most famous libel firm, keeps accidentally acting for fraudsters
Sep 18, 2025 Investigations

Carter-Ruck: the libel firm trying to cover up that they’d acted for the $4bn OneCoin fraud

Libel firm Carter-Ruck used the threat of legal action to protect one of the world’s largest financial frauds, OneCoin, which stole $4 billion from investors. Carter-Ruck’s client, Ruja Ignatova, is now one of the FBI’s ten most wanted fugitives. The Solicitors Regulation Authority is now prosecuting Carter‑Ruck partner Claire Gill for an improper threat of […]
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Sep 3, 2025 Investigations

Herran Finance – another fake bank at Companies House

Every Monday morning, we publish an updated list of every PLC in the UK that has failed to file its accounts on time. Sometimes a company is on the list because of a Companies House delay/error. More often, it’s because the company is troubled, bust, or incompetent. And occasionally it reveals an active fraud. Despite […]
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Sep 2, 2025 Investigations

Axiom Ince: a £64m failure; a £4,300 penalty for their accountants

Law firm Axiom Ince failed in October 2023, with £64m of client money missing – losses ultimately covered by the solicitors’ profession. How could the auditors have failed to notice £64m of missing money? The answer is that the company broke the law, and filed unaudited accounts. Axiom Ince’s accountants, Adrian C Mansbridge & Co, […]

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