5. Company Directorships

2015 01 01   AM00027   Spirepount Group Website SmallAlan Mak's CV states that he is a "Self Made Businessman".  I ask that you examine these facts and assess the veracity of his statement.

Companies House records in 2015 indicated that Alan Mak was a director of two companies: Spirepoint Global Limited and Fitzgerald Partners Limited and both companies were established in March 2014 with his £1 investment in each.

Both companies were created just before the Conservative candidate selection process started and although neither companies were required to submit their first set of statutory accounts until December 2015, they could have been submitted by May 2015 but were not.

 

Spirepoint Global Limited

Alan Mak invested £1 in each of Spirepoint Global Limited.  However, a search of the internet does not identify any business activity by this company which was classified as "active" on Companies House in April 2015.  On 10 January 2018, Alan Mak made an application to strike the company off the register, see HERE.

The lack of busiuness presence was particularly surprising as the web site for Spirepoint Global Limited identified the company as Spirepoint Group, but there was no Group of companies.

The websites stated: "We provide strategic advice and growth capital to some of the world's most successful and exciting organisations and entrepreneurs".

This extraordinary situation was identified by Political Scrapbook see HERE.

Given the claims on his candidate CV and company web site, one might expect evidence of “growth capital” investment to appear on the balance sheet of accounts filed with Companies House just before Christmas 2015. However, the only assets listed are £37,534 in cash, offset by £23,765 in debt falling due within the year. There are no Growth Capital investments at all in the Spirepoint Global 2015 Annual Accounts.

Looking at the accounts of Spirepoint Global Limited reveals that the company was never worth more than £13,769 and in 2016 and 2017, prior to the application to srtike the company off, it was worth £1,590 and £804 points respectively.

Fitzgerald Partners Limited

Alan Mak invested £1 in Fitzgerald Partners Limited on 17 March 2014. However, again, a search of the internet does not identify by this company which was classified as "active" on Companies House in April 2015.  Alan Mak was one of two directors, the second was Lewis Elliot Sidnick

Again on 10 January 2018, an application was made to strike the company off the register, see HERE.

The valuations of Fitzgerald Partners Limited were at their annual accounts dates:

  • 31 March 2015       £854
  • 31 March 2016     £1,509
  • 31 March 2017     £1,443

Alan Mak's position as director was terminated on 12 May 2015, see HERE.

Summary

I believe the statement on Alan Mak's CV that he is a "Self Made Businessman" and the statement on his website: "We provide strategic advice and growth capital to some of the world's most successful and exciting organisations and entrepreneurs" are both misleading and not representative of the facts since:

  • There is no evidence of any growth capital investments
  • There never were any group companies
  • The valuations of the companies were so small

Were these companies created to embelish Alan Mak's CV?