I was scrolling through the companies house UK listings of Lyfords labyrinth of companies, many of which have been dissolved or struck off, I came upon some Banx Capital ltd filings that had me scratching my head
1. first off, Lyford filed a dormant company filing in Dec 2014, a dormant company filing negates the need to file audited accounts, however, many of Banx investors deposited funds directly into this account,dormant company?
2. additional filings show that the company has assets of 1000 pounds comprising of 1000 shares at 1 pound each, all owned by lyford, this cannot be correct, over 150k flowed through this account & in Lyfords own words the investors were buying shares in the company,
many investors have requested copies of audited accounts from Lyford, his response is that these items cost money , money that the company doesn't have, yet the filings at companies house show accounts dating to September 2015, why not make these available?, perhaps Lyford is taking advantage of the dormant company rules & filing a zero return so nothing to show the investors,
This is all very murky indeed, simple question is, where is the money, some folks estimate 500k, it is not represented in any of Lyfords holdings, perhaps he holds the funds, personally, securely?