Quindell Legal Services – More Red Flags Vicar? Part 1

And so Quindell Legal Services, the biggest part of the Quenron Group (QPP) has filed its accounts. Also of interest is the fact that it filed two annual returns for last year. Would Quindell care to deny that it had a spot of bother with its capital adequacy forms filled in with the FCA? That might explain a few of the red flags but not all.

The first thing to note is that Companies House stamps the accounts for calendar 2013 as received on October 1^st. that is a £150 fine for Quenron. It is small beer although it is good that someone is making money from the company. But it is indicative of a badly run enterprise.

I note also that KPMG – which earned £60,000 for compiling this document that contradicts itself – did not actually attach a signature to its sign off.

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