Reply To: Maxwell Cohen Estates Limited

[Anonymous]

Interested Bystander wrote:

R. Hood wrote:

IB – Go to Company number 11437340, look at Charge code
1143 7340 0006, then search on the company that hold the charge. In the directorships you will find RL. Then have a peep at the statement under going concern on that company’s accounts that are made up to 31/08/2020. Maybe co-incidental.

As you say, it might be coincidental but here is what we know.

1) Original tweet by “@hiltonsofficial” (I’ve not bothered to correct the obvious mistakes) – “Tonto is a guy called Rod Langham owner of a company called Stoneygate Commercial Finance, they lied to me and their own backers and spent money that wasn’t there’s. I was successful in a dispute and so they’ve come out to derail”.

2) We know that Stoneygate 2007 Ltd, a company controlled by a Rod Langham has provided finance to Maxwell Cohen Ltd in the form of secured loans.

12/11/18 – £941,176.47 – Charge code 114373400001.

20/12/18 – £500,000.00 – Charge code 11437340002.

31/08/19 – £304,350.00 – Charge code 11437300004.

18/09/19 – £377,906.97 – Charge code 11437300005.

3) The accounts for Stoneygate 2007 Ltd (year end 31/08/20) – Going Concern Basis:

“A significant default on advances made in the year has come to the attention of the board of directors. Lawyers have been instructed (on a no win/no fee basis) to take recovery action and protect the company’s position insofar as possible given the damage already done; further a claim is being pursued against legal advisors involved in the document drafting. Full provisions against defaults have been made in these financial statements.”

4) The accounts for Stoneygate 2007 Ltd (year end 31/08/21) – Going Concern Basis:

“A significant default on advances made in the immediately prior year became known to the board of directors whom took corrective action insofar as possible given the damage already done; full provisions against defaults are included in these financial statements.”

5) 06/10/21 – A striking off application is received by Companies House from Maxwell Cohen Ltd.

6) 04/11/21 – An objection was received by Companies House in respect to Maxwell Cohen’s application.

7) As of today, the accounts for Maxwell Cohen Ltd are the best part of 13 months overdue.

So, is Ilkeston on the “never never”?