As Wynford Dore or Dore UK have not made any statement on the collapse of Dore Australia I’ve been digging into Dore UK’s finances to see how secure the UK company is.
DDAT (UK) Ltd is owned by Camden Holdings Ltd (company No 04371455). The directors of this company are Wynford Dore (who also the company secretary), Dr Roy Rutherford and Kenneth Mckerrow Logan since 22/12/2006. A total of 150,000 shares have been issued; 125,000 are owned by Wynford Dore, 1500 by Dr Rutherford and 10,000 by trust funds in the name of Dore family members.
The account reveal little except that the holding company owns DDAT (UK). There is no mention of the overseas companies so they are presumably owned directly by Wynford or another holding company. One item of note is that there was a Mortgage Charge registered with against the company on the 18/10/2007 for the Bank of Scotland PLC. This implies that a loan has been taken out using Camden Holdings as capital.
Somewhere in the mix of UK and overseas companies is Convex Capital who have been appointed to the board of ‘Dore’ as CEO and Financial Director. Their statement does not identify which they mean by ‘Dore’. Is it DDAT (UK) Ltd, Camden Holdings or another company?