Marshbell Ltd - Was it an Investment Scam? Accounts Late, Strike off Proposed

By J Drew -

 There have been lots of comments on an earlier article about the bonds offered by a company called Marshbell Limited and it appears that many people have lost significant amounts of money as a result. Marshbell repeated threatened legal action and claimed that their investments were low risk and "asset backed", a line used by many failed investments in the past such as London Capital and Finance.

Sadly the news relating to Marshbell Ltd isn't positive. Their Companies House records show that their accounts are well overdue despite previously using the accounting trick of adjusting their financial year by 1 day to delay submission. There is also an active proposal to strike the company off so any investors should register their objections to that asap to have any chance of recovering any money.

Marshbell Ltd Companies House entry - strike off proposed
Marshbell Ltd Companies House entry - strike off proposed

The second bit of bad news is to look at the accounts for 2021 that they did actually file and these make sober reading. The company owed £2.38million more than the value of all of it's assets and looked like it owed £4.7 million to creditors. The amount of shareholder funds is negative by £2.38million.

If the company was wound up that means it would have insufficient money to pay everyone back.




Comments

  1. Anonymous24 June 2024 at 06:57

    They are still operating in UK. I have read bad reviews of people investing with this group as far as a week ago. I am still waiting my investment matured last May, they resolve saying that I lost all the investment.!

    ReplyDelete

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