Maine Finance

2975 days ago

Watchstone subsidiary Maine Finance 2014 accounts finally arrive & look very fishy

There are some folks out there - Evil Knievil - who under under the illussion that what is left in Watchstone Group (WTG) has a value, that somehow the collection of frauds assambled as Quindell that even Slater & Gordon was not dumb enough to buy is worth something. Au contraire. I see that the Maine Finance subsidiary has finally filed its December 2014 accounts with a directors’ report disclosing;

3365 days ago

Maine Finance – New Information on how a Quindell Subsidiary is failing and frauding as the cash runs out

Last week I stated that Maine Finance, a Quenron subsidiary which has racked up a £5 million overdraft so that it can lend money to other Quindell operations had basically stopped paying lead suppliers because the cash has run out. Thanks to information from someone incredibly close to Maine I can now give you the full story. This is symptomatic of what is going on across the Quenron group because there is no cash. 

Maine was started by two men James Eneas and Tony Smith in 2012. With a third investor they set up the operation in 2012 as QSM (UK) Ltd otherwise known as Quotesupermarket.com. Each owned a third of the business. Quindell bought Maine Finance and took the option to buy James and Tony's share in Quotesupermarket.