Tempus Magazine was a luxury lifestyle magazine first published in 2012. If you liked yachts, luxury holidays and pictures of watches (lots of pictures of watches), Tempus was the magazine for you.

In March 2017 Tempus was effectively acquired by the unregulated minibond issuer MJS Capital. MJS MD Shaun Prince became its Chief Executive Officer, and the owner was named in Tempus' contents pages as Tempus Media Limited (taking over from Curve Content Limited). Tempus Media Limited was wholly owned by Martin Westney, an MJS Capital director.

This arrangement was referred to by Tempus as "sponsorship" but having the same CEO as your "sponsor", having another director of your "sponsor" owning the company which is named as the publisher, and substantial influence on editorial output goes well beyond sponsorship.

Oddly, Tempus Media's September 2017 accounts claimed it was a dormant company, even though by then Tempus Magazine clearly stated that it was owned by Tempus Media Limited.

Tempus' website (tempusmagazine.co.uk) is now down, and the magazine has not published its usual issue for November. Martin Westney has also applied to have Tempus Media Limited struck off the register. Oddly, his application to Companies House claims that Tempus Media Limited had not traded in the past three months, even though he signed this application on 4 September, only a day after Tempus Media's last issue was published.

With Tempus Magazine apparently no more, let's take a moment to reminisce about its history under its new owners. Continue reading...

Troubled unregulated bond issuer MJS Capital was the subject of an article in the Evening Standard on Wednesday.

The article focuses on the worries of a handful of investors who loaned money to MJS Capital via its bonds, have not received interest on time, and have attempted to redeem their bonds. Some have succeeded in redeeming their bonds after a long delay, others are still waiting to receive their money.

Such complaints will be familiar to anyone who has read the comments section of our original review or related articles.

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A shell company connected to troubled unregulated bond issuer MJS Capital has gone into administration.

MJSC Marketing Limited (it will not be lost on our readers that MJSC has the same initials as MJS Capital) was incorporated in October 2017 by Nigel Anthony Peck.

Nigel Peck was listed in MJS Capital's original Information Memorandum as a member of the Advisory Board. His exact role was not specified.

On 25 October MJSC Marketing Limited was put into administration. Paul Cooper and Asher Miller of David Rubin & Partners have been appointed as administrators.

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A couple of weeks ago we noted the name change of MJS Capital to Colarb Capital. At the time of writing the mjs.capital site had been withdrawn and no website was available for Colarb Capital.

The mjs.capital website has now been restored, with a pop-up explaining the reason for the name change and a redirect to the new website, colarb.capital.

MJS Capital Plc is a UK company setup in March 2015 the decision to call our company MJS Capital was not our original choice instead we chose Fidelity One Capital however regulators at the time felt this was to similar to that of another well know finance firm and we would have to choose another. [Sic. Honestly. -Brev]

According to a filing with Companies House, MJS Capital plc has changed its name to Colarb Capital plc.

Over the past year, a number of investors have complained via comments on this blog and other online forums about MJS Capital failing to repay their bonds when they fell due. A common theme is MJS Capital negotiating a payment plan for the repayment of matured investments, which MJS then also fails to meet.

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MJS Capital plc offered unregulated bonds paying up to 9.85% per annum (or 14% per annum via certain introducers).

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

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A filing on Companies House reveals that Lord Timothy Razzall has stepped down as director of MJS Capital plc. MJS Capital plc offers unregulated bonds paying up to 9.85% per annum to fund investment in financial arbitrage.

Popularly known as "Lord Razzall of Dazzle", Lord Razzall served as a director of MJS Capital from 19 May 2015 to 12 March 2018. He is described as non-executive Chairman in MJS Capital's investment literature, and "responsible for scrutinising the performance of management in meeting agreed goals and objectives, in particular adherence to the investment policy and overseeing the correct and proper operation of the Security Fund".

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