As all shareholders in Recruitive Software Ltd will know, the company is in liquidation. ECF Solutions is acting on behalf of one the company's shareholders.
As part of our actions acting on behalf of the shareholder, we are currently viewing all the evidence for the collapse of this company, which in May 2018 issued shares via the Crowdcube platform to a value of appox £280k. According to the Crowdcube records this was the 5th round that the company had completed via the platform. Crowdcue is FCA regulated.
Enquires are based around the fact that the company was forced into liquidation by court order from HMRC, initially actioned in December 2018 (see The Gazette). According to the Statement of Affairs, available to anyone to read at Companies House, the company was in debt to HMRC for £198,000. This was for VAT and PAYE arrears according to the SofA. The complaint to the FOS is based on the claim that evidence for the problems that the company was having with HMRC should have been known to Crowdcube and should have been declared to potential investors. Claims made in the Liquidators report state that the problems with HMRC started at the end of 2017.
You can read about this in The Sunday Times
Any shareholders who took part in the May 2018 Crowdcube round for this company should get in touch. We can then tell you what to do to make a complaint to the Financial Ombudsman. This complaint is against Crowdcube for promoting the Recruitive pitch without taking enough care over the due diligence. The complaint is already in progress but the more shareholders who join in, the more likely the FOS will be to decide in shareholders' favour.
You can read about this in The Sunday Times
Any shareholders who took part in the May 2018 Crowdcube round for this company should get in touch. We can then tell you what to do to make a complaint to the Financial Ombudsman. This complaint is against Crowdcube for promoting the Recruitive pitch without taking enough care over the due diligence. The complaint is already in progress but the more shareholders who join in, the more likely the FOS will be to decide in shareholders' favour.
If there are any other shareholders who would like to join our enquiries then please do get in touch via rob@ecfsolutions.co.uk. This service is free.
Importantly this will be a test case. No action has yet been taken against any of the FCA regulated Equity Crowdfunding platforms by the FOS. We feel that the evidence in this case is strong and it is all documented.
Importantly this will be a test case. No action has yet been taken against any of the FCA regulated Equity Crowdfunding platforms by the FOS. We feel that the evidence in this case is strong and it is all documented.
Great work
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