Albion Enterprise VCT plc audited profits for y/e 31 March 2025 deliberately overstated by 62% (yes SIXTY TWO percent)

The amount involved? £6,465,000 

Once more demonstrating why Company Law Compliance is vital to prevent outright fraud.

And all because Quantexa is a "right bugger's muddle" that can't even update its website to comply with the law despite endless prompts and reminders - just who are the Directors? Those declared at Companies House or the myths promulgated by Vishal Marria on his website?

The AAEV accounting problem arises entirely from the different valuations used by the 3 VCTs managed by Albion Capital Group llp and the admitted congenital/pathological liars Will Fraser-Allen and Patrick Reeve (Chair of the Valuation committee), let alone the personal liability of Vikash Hansrani the other Designated Member and his endless lies to Companies House for Albion and the VCTs.

Just analyse the values stated in the 3 VCTs in their RNS statements for September and December 2024 and March 2025 NAVs against the shareholdings shown in the "corrected" confirmation statement of Quantexa, then add in the effects of the Albion mergers and announced sales of shares as part of the "Series F" ( actually $64m not $175m) round, and what do you find?

The Directors of AAEV are falsely valuing Quantexa shares at 14% more than the CRWN and AATG Directors - and all are being misled by Fraser-Allen/Reeve/Hansrani solely to line their own and their fellow llp members pockets.

Do ask yourselves why CRWN didn't sell any Quantexa shares, and why AAEV sold more than 6 times as many Quantexa shares as AATG when the starting point was only a 10% difference in holdngs? Very odd indeed - except for Albion's fees. 

My questions to the AAEV AGM will include disclosures under terms of qualified privilege that prove beyond all doubt that the values used by the AAEV Directors and Albion bear no resemblance to either the "willing-buyer willing-seller" price or even the reported prices for actual sales by 2 of the 3 VCTs, and that the AAEV accounts are materially false. Someone should be paying attention to The Financial Services and Markets Act - not least the Market Abuse provisions  

see https://www.legislation.gov.uk/ukpga/2000/8/part/VIII

In the meantime the Directors of the 3 VCTs and the liars at Albion Capital Group llp have been buying and selling shares for the VCTs based on entirely different valuations for the Quantexa shares. That is outright fraud and all Directors and Auditors need to resign immediately (i.e. before the AAEV AGM) and Albion Capital Group's management agreement is immediately terminated for fraud.

Will no-one put a stop to the lies and outright fraud of Fraser-Allen, Reeve and Hansrani without the involvement of the Serious Fraud ("Farce") Office? Only time will tell - and that is running out fast. 

I wonder what UCL Business will make of all this? Would you let any Albion Capital Group llp member manage a cats home let alone University spin-offs so essential to the UK's future?