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Quindell Red Flag of the day (it’s a big one) – TMC (Southern)

Tom Winnifrith
Saturday 30 August 2014

Gosh this is complicated. The Quindell (QPP) relationship with TMC Southern owned by Mark Ford (see HERE and HERE) is incredibly hard to untangle but one thing is clear: the numbers just do not stack up. Annual returns and reports conflict and there is an awful lot of cash which seems to have gone somewhere? Where? Read on…

The annual report for TMC Southern for the year ended 28 April 2011 is HERE

The 2012 Annual Report for TMC Southern is HERE

Please look at the balance sheet in the 2011 report. Is there anything missing? Er…yes.

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About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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