Keith Ryder......look what you could have won....

[Hopey1945]

Try as hard as you will, but some people can't even see clearly through the rear view mirror.

 

As others have said, the move that Keith Ryder made and the money he spent got us to where we are now. If he had not come in, we would either have had no club or another owner altogether. The chances are we would not have been promoted.

 

As I often say, life is a series of consequences. You have to go through a storm to have the benefit of rain. Without rain, nothing grows.

[Santa]

Right...

 

The name Keith Ryder cropped up on a Radio 4 consumer affairs programme recently regarding pension liberation schemes, where people were being cold-called and advised to move their money out of their existing pension and into a self-storage unit company run by a different Lancashire based businessman. They would get an up front payment as a 'non-repayable loan' (phrased as such because you can't legally access your pension before the age of 55 without paying huge amounts of tax) while supposedly receiving guaranteed returns on their investment.

 

It's a complicated thing but it seems that people were paid out these loans from Ryder's accountancy company shortly before it collapsed. The rest of the money appears to have been lost in a Gibraltar based company that nobody seems to be able to trace. Coincidentally MOLD received the Gibraltar loan back in December 2011 when Ryder was in talks to invest in the club pre-Admin.

 

Anyway, somebody who posted on a forum for people who have been victims of this pension business reckons that Keith Ryder has done a runner to Scotland.

[Santa]

This was the Radio 4 programme:

 

http://www.bbc.co.uk/programmes/b04t6t5y

 

The report about the pensions scam is at the start and there's another bit at the end. The particular bit which mentions Ryder's company is at 40:48:

 

...about 600 thousand pounds of Henley Pension Fund money is tangled up with a firm of accountants in Lord Street in Southport called Advantage Accounts. This firm has collapsed. The owner has disappeared, but it is not just Henley tangled up in Advantage Accountants. We now know Store First is; Transeuro is; and a mysterious company called Thurlstone which made payments to Capita Oak pensioners is also connected. There is a substantial investigation going on at the moment to find out what happened and where the Henley money has gone.

[JOHNNYAITCH]

http://www.dailymail.co.uk/news/article-2268929/Revealed-The-200m-pension-pot-raiders-target-needy--make-million-nuisance-calls-MONTH.html

[Heatwave]

http://www.dailymail.co.uk/news/article-2268929/Revealed-The-200m-pension-pot-raiders-target-needy--make-million-nuisance-calls-MONTH.html

 

Was Ryder mentioned there? Or did I miss something?

[Santa]

Has anyone seen this document filed at Companies House about one of Keith Ryder’s companies? It’s a couple of years old admittedly.

 

https://beta.companieshouse.gov.uk/company/06620975/filing-history

 

Have a look at the document filed on 13 Feb 2015 entitled 'Insolvency:progress report'. It makes for interesting reading. This was his Accountancy firm based in Southport. It got wound up and this was a progress report put together by the liquidators.

 

The Liquidators understand that there have been significant irregularities in the operation and stewardship of [Advantage Accountants]. The Liquidators have been unable to contact the main director (Mr Keith Ryder), who has absconded, in order to make detailed enquiries in relation to the Company’s affairs. […] Because of the absence of Mr Ryder, and the paucity of the books and records, the costs in investigating the affairs of the Company are much higher than normal.

 

There’s plenty of weird stuff in there, about money which went out of the company “for which no consideration was received”. These ended up being treated as loans by the liquidators who called them in. One such loan was to a Lancashire estate agent called Mulligan & Sons. They couldn’t pay it back and the company was wound up. Liam Mulligan (a bald gentleman) was an associate of Keith Ryder who watched Vale games with him in late 2011 and early 2012. There’s also an odd bit about company money being used to buy the leasehold of a flat-roof pub in a not great area of Manchester, however Ryder had the lease registered personally in his name.

 

This is the same company that is linked with the pension liberation scheme mentioned earlier in the thread. When people received their “non-repayable loans”, the money was paid via Advantage Accountants.

[Fosse69]

Mind boggling, puts things in perspective, some people got worked up by ladders being borrowed:smile:

[Animal]

Did anyone ever find Keith?