Bentley Global raises £4.8 million in its “Football Trading Bonds” paying 12 – 20% per year

Bentley Global logo

Bentley Global launched in February 2018 and issued unregulated bonds paying 12 – 20% per year (depending on the amount invested).

Bentley Global is headed by former chartered accountant Alan Bentley. The bonds were promoted by former Manchester City footballer Peter Reid, who earned 13 caps for England. Reid is now Bentley Global’s Director of Football.

Investors’ money is used to bet on football using Bentley Global’s “Algol88” algorithm.

(The number 8 appears frequently in gambling contexts due to a Chinese superstition that the number is lucky, because the Chinese for “eight” sounds a bit like the word for “profit”.)

Bentley Global claims that Algol88 has produced returns averaging 83% per year over 5 years of backtesting.

Backtesting is of limited value because you can adjust an algorithm and re-run the backtesting until you have produced whatever results you desire. This does not necessarily mean it will produce the same results in the future. Even real past performance is no guide to the future and artificially simulated past performance is even less of one.

Bentley Global has recently filed its accounts for the year ending August 2018 which reveal that the company raised a total of £4.8 million up to that date.

Despite CEO Alan Bentley stating in a video

We’re not going to hide – every month we’re going to publish our figures fully audited so our clients can see exactly what we’re earning

this commitment to auditing and transparency does not extend to its annual accounts. The company took advantage of small company exemptions and did not have its results audited, or publish a profit and loss account and cashflow statement.

What the accounts do show, in simplified terms, is that the £4.8 million raised from investors turned into £1.8 million in debtors (mostly £1.4 million in prepayments and £300k in “other debtors), £360k in “sums placed in betting pools” (which is valued at initial cost), and £1.3 million in cash.

The other c. £1.3 million appears to have either been lost, or spent on investors’ interest or other costs. With the bonds not repayable until November 2020, there is no suggestion that Bentley Global is in financial difficulty. However, at some point it will have to start living up to its claims of being able to generate 85% per year average returns using its algorithm.

In 2017 the company valued its algorithm at £27.4 million; as with the rest of the accounts, this value has not been independently audited.

Bentley Global’s literature, which is signed off by FCA-regulated Blue Water Capital, is generally clear and makes no attempt to disguise the fact that investing in bonds paying up to 20% per year from betting on football is extremely high risk. Their video promotion mentions that the investment is only to be promoted to high net worth and sophisticated investors.

Sadly this is not true of unregulated introducer HyLife who promoted Bentley Global bonds with a claim that “Security is a key element for all potential investors”. Needless to say anyone for whom “security is a key element” should not be investing in bonds paying up to 20% per year from betting on football.

13 thoughts on “Bentley Global raises £4.8 million in its “Football Trading Bonds” paying 12 – 20% per year

  1. Is there any update on how this has now performed?
    There are some bold claims being made around The City with this one so curious to know how it’s got on.

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  2. The next Companies House accounts aren’t due until May 2020.

    You could always ask Bentley Global for those “fully audited” monthly performance figures Alan Bentley said they were going to publish. Wherever they’re published, they aren’t on their website.

    What claims are going around?

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  3. I reckon that absolutely nobody in The City has heard of Bentley Global and the only bold claim about the bond is that “There are some bold claims being made around The City with this one..”

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  4. I invested in this Bond in May 2018 and (touch wood) have received interest payments promptly on the last Friday of each month. Whatever the algorithm is doing, it’s paying out as promised and I am delighted that I decided to invest after much deliberation.

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  5. Wendy – Clearly you are not a sophisticated investor and are therefore not eligible for bonds like this. If you were you not be delighted you would be deeply worried about the missing money and concerned in case it was being used to pay the interest rather than coming from a magic beans algorithm . If it is (and we don’t know without audited accounts) then it will soon come crashing down and you will quickly switch to complaining that a regulator didn’t stop you investing in an unregulated investment.

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  6. Is it true that Bentley Global has stopped paying its clients and is going bankrupt? Has anybody not been paid? I would like to know as I am doing due diligence prior to investing.

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  7. Hi Tom,
    Yes they have indeed stopped paying, my elderly mother got convinced to invest with Bentley Global
    http://www.bentleyglobal.co
    www. bentleyintelligence.co
    by a ‘pushy’ salesman who is unreachable now, apparently his marketing company went bankrupt due to Covid. They paid coupons for a while but they stopped earlier using the Covid crisis as their excuse. When my mother begged for her money back their ‘one man band’ admin manager refused to send money back, which led me to investigate them further as I actually work in the legal world myself. Common sense will tell you, if the money was in their account, they would have sent it back to her within a reasonable time frame not use Covid as an excuse. Perhaps they could show us their trading bank account in Asia? to reassure investors the money is safe?

    Their original marketing material refers to Blue Water Capital (“BWC”) https://www.bluewatercapital.co/ as approving their promotions, upon checking this approval via my sources, apparently BWC terminated the approval but my mother was not notified of this change, why have BWC have terminated this approval, have they smelt something dodgy?
    Furthermore according to my sources, Bentley have delayed their accounts which were due end of May 2020, even with the Covid extension made by the UK Govt, they should have delivered in August 2020, there is something fishy happening here???? See https://beta.companieshouse.gov.uk/company/09718466

    What is MOST ALARMING is their significant shareholder Terence Lee Leighton has also sold his shares in the Company earlier in the year, it should also be known Mr Leighton is a convicted CRIMINAL and has many POLICE REPORTS against him… why is Bentley’s significant owner a criminal? NO EXCUSES FOR THIS, my mother did not bargain for a mafia run investment but an FCA approved product by BWC.

    Why has BWC originally approved a product which is owned by a CRIMINAL?
    Surely they should have carried our Due Diligence on all significant shareholders?

    Also, their so called high performing Algo88, has this never ever been audited?

    Has anyone ever audited their sports betting accounts in Asia?

    If not, am I right in thinking they could be making fictitious returns, which means Bentley Global is a global Ponzi, ran by criminals? or a match-fixing far eastern racket ran by individuals who have no experience in running a financial fund, has Alan Bentley or any of the trading team ever worked for an FCA approved firm? does he have any REAL fund management qualifications? I have asked my friend’s about him in the Financial City circles, the guy is not know at all, which is ALARMING… He has basically blagged his way to raising millions at the expense of elderly people like my mother and other inexperienced investors as anyone with anyone with real brain cells would see through this BS.

    Also, it should be noted, these greedy brokers were being paid up to 40% of the initial money raised so how the hell can Bentley Global, pay these extortionate commissions? whilst running a successful trading business model? Ponzi screams at me here.

    I am taking this matter into my own hands here as I am fed with my mother being lied to and extorted by these CRIMINALS and trickery from Alan Bentley who after all is a smooth talking ex-TV presenter.

    If you have been scammed by Bentley Global and being convinced to hold your money until Covid is over, I would urge you to go to the FCA, Police, Fraud Squad and Serious Organised Crime Unit before these CRIMINALS tell you your money has been lost in Asia…

    WATCH THIS SPACE, ALL WILL BE REVEALED, THESE SCUMMY PEOPLE NEED TO BE BROUGHT TO JUSTICE AND MY MOTHER NEEDS TO GET EVERY PENNY BACK OR MR BENTLEY AND HIS CRIMINAL ASSOCIATES NEED TO GO TO JAIL OR AT LEAST SHAMED IN PUBLIC.

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  8. James this is very worrying, we have a lot of money invested with Bentley Global, they stopped paying their monthly coupons a while ago.

    I have verified a lot of the stuff you have mentioned and it is true, something dodgy is going on there…Trouble is police does not do anything these days and I cannot afford to spend thousands with a lawyer. Is it worth Bentley investors working together to form some sort of group to fight Bentley Global?

    From experience this is only time the authorities listen when there are a many investors reading from the same hymn sheet.

    Because this clearly smells like ‘Fraud by Misrepresentation’ and if they are associated Criminals, the apple does not fall from its tree. This unaudited algorithm is worrying me too, this could be a fantasy play from Bentley &Co.

    K

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  9. I am astounded these people can always get away with it, does anyone know how to stop these people from stealing our hard earned money?
    They seem to know every trick in the book..

    My husband has invested and has not received any coupons for a while, all we are getting is a lot hot air from our broker…

    We lost a lot of money with Magna and now Bentley seems a bit dodgy, I am surprised they cannot give us to our funds back if they are apparently have been doing well?

    I would welcome some advice or recommendations.

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  10. I’d rather not expose the broker yet Brev as my husband has advised me not to for defamation reasons, but what I do know is, they are not FCA-regulated. They are just introducers to Bentley Global (UK) Limited.

    What can I do in this scenario? because we were blind to Alan Bentley’s dodgy history at the time and my husband was convinced it was safe because Blue Water Capital approved their marketing, apparently this is no longer the case?

    Please help!

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  11. This was pushed at me about two years ago, before they went on a raising mission with a bond. I asked to dry test the system, and for around a month had nothing but excuses as to why so called predictions would arrive after matches! I concluded that it was nothing more than a scam, and walked away.
    Alan Bentley was the mouthpiece, claiming he had inside knowledge of Asian Handicap betting on football matches. Terry Leighton the sidekick who claimed an ex “city” career, that could never be verified.
    Bentley through his sport connections roped in a few well know names, I think Peter Reid was one.
    If you follow Bentley on Twitter you can see he is still pumping his product, and apparently his issue now is that his bank have blocked his accounts. They only do that, normally, with a good reason…..
    https://twitter.com/bentleyglobal?lang=en

    I would say every single investor here has lost all their money.

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  12. Sarah P – if the broker was not FCA authorised (or an AR of an FCA authorised firm) you would not face access to the FOS and / or FSCS in respect of their actions. So worth checking the broker was not an AR (Appointed Representative) just in case.

    There is a route to suing the FCA authorised firm which approved the financial promotions for damages through the courts on the grounds that the promotions were false or misleading. For example, I have seen a number where the Information Memorandum contain false profiles of directors / management which the s21 approver would have picked up if they had done anything …

    However, UK financial promotions laws are not fit for purpose and approvers may try a get out of ‘we withdrew the promotion before you were sent it.’

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