MJS Capital receives notice of compulsory strike-off as payments are delayed

MJS Capital plc offered unregulated bonds paying up to 14% per annum (via certain introducers).

A number of online posts over the past couple of months suggest the company is unable to is being slow to repay a few investors whose bonds have fallen due. MJS Capital has blamed “banking issues”.

mjs review 1

mjs review 2

We have asked Mr Hidderley whether he is still awaiting repayment of capital but have not received a reply at time of going to press.

Update 07.06.18: Jo has confirmed that he has since received his capital back with interest.

In March 2018 MJS Capital’s chairman and House of Lords member Lord Razzall resigned from the company, saying in his resignation notice that he hoped his resignation would resolve MJS Capital’s banking issues. With the company still unable to repay investors two months later, it doesn’t seem to have had the desired effect.

The company is currently two months overdue with filing annual accounts to Companies House, and almost certainly as a result, has been served with notice to strike off the company.

If MJS Capital continues to fail to submit accounts, and no valid objection is received by Companies House, the company will be dissolved in two months, and any remaining assets will be forfeited to the UK Government.

Investors can object to the striking off by contacting Companies House.

There was little sign of MJS Capital’s approaching troubles in September 2017, when members of the company appear to have enjoyed a highly agreeable dinner at the Tower of London, according to a video posted on Facebook by JetSmarter (a private jet hire company).

Update 7 June 2018: The strike-off has been suspended as according to Companies House, “cause has been shown why the above company should not be struck off the register”. As MJS Capital remains over two months overdue with its accounts, the most likely cause is an objection from a creditor.

If MJS Capital continues to fail to file accounts, the strike-off action may be resumed and the directors may be liable to prosecution.

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10 thoughts on “MJS Capital receives notice of compulsory strike-off as payments are delayed

  1. At some point in time you contacted me about MJS repayments. I searched all my old emails but couldn’t find you so I guess you used some form of esp thought-transfer.
    Ok so two points –
    Number 1 – I am not a Ms Hidderley but a Mr Hidderley. Just because I don’t spell my name with an ‘e’ doesn’t automatically change my gender. My Jo is not short for Joseph and even if it was the very late Jo Grimond (Liberal Party leader 1956–1967) was a Joseph.
    And Number 2 – I have been paid back in full with interest by MJS Capital.

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  2. Thanks Jo, and apologies for the gender assumption. Glad you got your capital and interest back. Article updated.

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  3. I have been battling with MJS since May when my bond matured. No way to get funds back from them…MJS has suggested two payment plans which they fail to meet…had two adhoc small payments (about 15% of total investment) and that’s it… I keep trying to get hold of them but its very difficult to get an answer… anyone has an idea if they will ever pay the investors back?

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  4. Still waiting for repayments of my bond which matured in January, only two small payments received.
    Only two replies from mjs all other emails and phone calls ignored. Would like any advice what action to take next.

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  5. i’m happy to see that my twitter comments have received nearly 550,000 hits! earning the public about MJS/Colarb, Shaun Prince, Direct Property Investments Ltd (Altrincham)

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  6. yes I also invest in this and would like collaboration action taken against this company so they dont keep re inventing more bonds to take money form Public for their own pocket!

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  7. I to have the same trouble my bond was dew back in feb it wasn’t forthcoming iwas eventually put on there so-called payment plan got thee payments then thay stoped had to enlist the help of a solicitor I got the money refunded I have another bond dew December if it isn’t repayed we will have to go down the same road idont understand mjs this must be doing there business no good whatsoever if thay would just communicate when people ring insread of completely ignoring them,its like saying sod off and thanks for your money

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  8. Have all the ivesters who have likely lost money with mjs Capital (colarg)seen seen them all enjoying themselves at there’s london night out you watch it the shampane is flowing it certainly was a very swish do leaving in there posh rollers probable rose a glass to all the silly burgers that invested with them our money probably went towards there London night out sickening to see them all

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  9. It was no surprise that MJS failed to refund the capital on” my “bond” which matured on 6 Dec and my efforts to make contact have been unsuccessful. It is interesting that Audrey C achieved a result through her solicitor which indicates that funds are available but they don’t want to release: clearly their priority is squandering investors’ money on seasonal overindulgence. It would be interesting to read comment from investors who have managed to extract money from these fat cats and solicitors who have been involved.

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  10. Hi Audrey c
    I have the same problem with MJS. They have not paid their recent interest due to me and soon my bond expires. Can you please provide me with the name and contact details of the solicitor that helped you to get your funds refunded.

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