Another If, maybe, could be,we believe, possibly is, attack on Whyte.

[pete 2,521]

Finances, Rangers â?? December 8, 2011 11:06 pm

Craig Whyte â?? In Court on Monday â?? For Company His Wife Formed

Posted by Guest Writer

Glasgow Sheriff Court on Monday sees the case of One Stop Roofing Supplies Ltd v Tixway UK Ltd. The case is scheduled for a hearing of evidence before Sheriff Ross. What has this to do with Rangers or Craig Whyte, you might ask? Well, nothing to do with Rangers directly, but a lot to do with Mr Whyte! There are two matters of note â?? one about the case and one about the company.

 

What is Noteworthy About Tixway UK Ltd?

 

It was incorporated on 16th January 2007, and has its Registered Office at 3rd Floor, 65 Bath Street, Glasgow. This is also an address of Liberty Capital, which owns Rangers FC Group Ltd, and is owned ultimately by Mr Whyte, we are led to believe.

 

Tixway UK Ltd has a trading address. It is a castle in Morayshire. That is apparently tied in to the court action as the building materials, the supply of which is at the root of this action, are rumoured to have been for work on the castle, it being Mr Whyteâ??s home.

 

In each of the last two years the company has failed to lodge its Annual Returns to Companies House on time, leading to notices in the Edinburgh Gazette preparatory to the company being struck off.

 

Who is to blame for this â??technicalâ? error? So who are, and were, the Directors of this company?

 

When the company formed, in 2007, the Directors were â??The Company Warehouseâ?, a company involved in forming companies for clients and the other was Kim Whyte. Unless I am very much mistaken (as Murray Walker might have said), Kim Whyte is Craigâ??s now estranged wife.

 

We know, after Rangersâ?? statement to the PLUS Stock Exchange last week that Mr Whyte was disqualified from being a company director in the UK on 13 June 2000 for a period of 7 years. Therefore he could neither be a company director, nor run a limited company whilst not being a director, until 13 June 2007. By that date Tixway UK Ltd had been up and running for almost five months. As we will see from the figures below, at the first year end in January 2008, the company had made a flying start.

 

On 3rd March 2008 Liberty Corporate Ltd took over as Company Secretary, and remains in that post today. On 5th May 2008 Kim Whyte resigned as a director and was replaced by Craig Whyte.

 

I am sure it is simply a coincidence that his wife seems, from the records I have seen, only ever to have been a director of one company, namely this one, and only for the period covering her husbandâ??s disqualification as a director. Clearly the business acumen she exhibited in her short time in charge should have deserved a longer stint in the front line?

 

Of course it would be wrong to suggest that Mr Whyte, in the run up to the expiry of his disqualification, acted in any way which breached the terms of that ban. As we saw after the BBC programme about Mr Whyte, he vehemently denied acting as a shadow director when the Insolvency Service alleged that he had.

 

Back to Mondayâ??s Court Case

 

Andy Muirhead reported here earlier this year on many points picked up in the BBC documentary about Mr Whyte. He also brought to light this case. I quote from his piece:-

 

â??Whyte is being sued over a £90,000 debt. A writ was served by Glasgow-based McRoberts Solicitors on Whyteâ??s Tixway firm, at the same time as he was in talks about his Rangers takeover.

 

His company is being sued by One Stop Roofing, run by Albion Rovers manager Paul Martin.

 

Martin and fellow company director Robert Jenkins claim that Whyteâ??s firm ordered £90,000 worth of building materials in June 2009, and has failed to maintain a repayment plan which was thrashed out at the start of this year. To date only two payments have been madeâ?¦

 

However like his previous debts, Whyte has denied his company owed the money. A spokesman [Mr Whyte] said, â??His firm have done business with One Stop Roofing but all bills have been paid in full. Any legal action will be defended robustly.â?

 

At first sight this seems a simple case. It is alleged that goods to the value of £90,000 or more were supplied to Tixway UK Ltd. That company has not paid that amount of the bill.

 

The spokesman quoted above makes it clear that â??all bills have been paid in fullâ?.

 

This seems odd. Normally the defence in a case like this would be:- (a) that the goods supplied were defective or otherwise not as described; (b) that they were never delivered; © that the bills rendered were excessive and not as contracted; or (d) that the goods were not ordered at all.

 

Mr Whyteâ??s spokesman says that all the bills have been paid in full. The Pursuers disagree.

 

The Commercial Court procedure involves the case being allocated at its first stages to one Sheriff whose job it is to guide it to the end, as efficiently and effectively as possible. Sheriff Ross is an excellent judge and if he has been dealing with the matter all the way through, then he will have ensured that the position of each party is stark.

 

Usually in these cases is that the Sheriff will require each party not just to produce a list of witnesses, but a witness summary, indicating what the evidence of each witness is likely to cover.

 

Mr Whyte, as the only â??liveâ? director of Tixway UK Ltd, would be expected to be a witness for his company. If he is, and the case goes ahead, it will be interesting to see him in a witness box on oath. He might be asked some of the awkward questions the press have failed to raise with him!

 

He may after all be in the right â?? that is what the case is for.

 

What Do We Know About Tixway UK Ltdâ??s Finances?

 

The accounts to year end 31st January 2010 were submitted by Mr Whyte on 1st March 2011! One might think it was a dormant company.

 

I was rather surprised to see the last accounts for the company, as these show a healthy financial picture. The company is exempt from having to lodge a Profit and Loss account, and instead has only to lodge an abbreviated Balance Sheet.

 

This discloses the following, with the 2008 and 2009 figures for comparison.

 

On the face of it, a healthy company, with a lot of money in the bank in January 2010. One wonders what the problem is. Will this join the long line of cases where Mr Whyte settles at the door of the court?

 

The hearing on Monday at Glasgow Sheriff Court is in a public court. Maybe Mondayâ??s case will give us a chance to see Mr Whyte being asked hard questions which he has no option but to answer.

 

To be frank, based upon his track record so far, and as befits a man of his financial standing, I would imagine he has much better things to do than to sit in a witness room in Carlton Place on Monday. Surely some settlement will be achieved to avoid him having to do so?

 

We shall see.

 

From our friends at Scotzine the honest and impartial face of Scottish football. Notice how they use the headline:Finances, Rangers. and use all if's and buts and we believe.

[der Berliner 4,170]

Scotzine's people (meddling close with Phil the Renegade) should rather look at this, than Mr, Whyte.

 

Terrorism Act 2006 1 - Encouragement of terrorism ->

 

(3) For the purposes of this section, the statements that are likely to be understood by members of the public as indirectly encouraging the commission or preparation of acts of terrorism or Convention offences include every statement which —

 

(a) glorifies the commission or preparation (whether in the past, in the future or generally) of such acts or offences; and

 

(b) is a statement from which those members of the public could reasonably be expected to infer that what is being glorified is being glorified as conduct that should be emulated by them in existing circumstances.

[Ergatrude 0]

As soon as it mentioned Andy Muirhead I stopped reading. Reached my dailly dose of bullshit that I expose my eyes too.

 

Fed up of speculation. Where are the facts?

 

I know 1 fact that they all know too.. Glasgow Rangers, top of the league.

[biggordy 0]

Someone, a Mr/Ms Guest Writer, has spent an awful lot of time in this "story".

I wonder where their motivation comes from ?

[ian1964 10,870]

Someone, a Mr/Ms Guest Writer, has spent an awful lot of time in this "story".

I wonder where their motivation comes from ?

 

I'll guess it's the pain of being continualy second best in a two horse race that drives them on:)

And I for one enjoy their pain:D:spl:

[Danny 0]

I had a very, very vivid and interesting dream about Craig Whyte.

 

He gave an interview about his business past and said that he had indeed been disqualified from being a director (and the reason for that was fairly innocuous), but that was a different thing from being the owner - the owner did not have to be on the board of directors. So there was nothing untoward in his business past, and he had billions to invest in the club.

 

Wonder how accurate all that was!

[Guest Dutchy]

I'm a supporter of Rangers Football Club, I want to see them playing football. I'm not a financial expert and I'm sick of all this shit that businessmen bring into our game.