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Bagg's CV all lies? |
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#76 |
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Join Date: Dec 2006
Posts: 5,412
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Quote:
Intersting, that's the speedboat that he claims to sponsor on his own company webpage Bluewave Communications, he doesn't mention that it's his Dad's boat. I wonder how much he pays for the sponsorship deal?
The £3M turnover thing will be brought up in interview if it's bollocks. They will just check the company accounts. They did it to that girl that won last year and ran the catering company. err they are public darling! |
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#77 |
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Join Date: Jan 2008
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They will just check the company accounts
But, as I mentioned above, there is no requirement to file the profit and loss so it's not on the public record. I know because I looked.
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#78 |
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Join Date: Nov 2008
Posts: 395
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Look... this guy is apparently producing a turnover of £3 million on an island populated by a max of 60K adult people.
If that's true he deserves to win. |
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#79 |
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Join Date: Jan 2007
Location: The-Village-Hall
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But, as I mentioned above, there is no requirement to file the profit and loss so it's not on the public record. I know because I looked.
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#80 |
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Join Date: May 2009
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All limited (and unlimited) companies have to file accounts - and that's not the same as the annual return, which as you say, only shows shareholding and directors / secretary. Small companies with a turnover of less than £5.6 million (£250,000 for companies that are charities) and assets of less than £2.8 million can claim exemption from audit and can file abbreviated accounts - but all must file accounts. You seem to have looked at the annual return, which is different from the annual accounts.
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#81 |
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Join Date: May 2009
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But by my understanding, it is the annual return that is made public, not the annual accounts on the IOM company registration website, so unless Stuart wants to give them to us, we aren't ever going to know.
http://www.ocra.com/jurisdictions/isleofman.asp Quickly looking at that suggests that while the books are available to IOM tax officials, nothing public needs to be filed anywhere. And unlike UK Limited companies, two directors are required, but only one shareholder. That explains his mum's name being listed. |
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#82 |
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Join Date: May 2009
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yes and she said 'how did you get hold of that'
err they are public darling! ![]() (pedant leaves the room) |
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#83 |
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Join Date: Jun 2009
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Interesting thought no one has considered. Stephen and his father share the same name, there might be a Stephen Baggs as Director of Bluewave but it's not necessarily the Brand who is Bluewaves Director. Everyone just assumed it's him. Bluewave could in fact be his fathers business.
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#84 |
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Join Date: Aug 2006
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Originally Posted by danmoz;4*****60
Interesting thought no one has considered. Stephen and his father share the same name, there might be a Stephen Baggs as Director of Bluewave but it's not necessarily the Brand who is Bluewaves Director. Everyone just assumed it's him. Bluewave could in fact be his fathers business.
![]() Whatever, I can't stand the sight or sound of him, eugh! |
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#85 |
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Join Date: Jan 2008
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I thought his name is Stuart
![]() Whatever, I can't stand the sight or sound of him, eugh! |
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#86 |
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Join Date: Jun 2009
Posts: 545
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I thought his name is Stuart
![]() Whatever, I can't stand the sight or sound of him, eugh! |
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#87 |
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Join Date: Nov 2006
Posts: 646
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Be careful guys & girls with the £3m statement, he didn't say that was annual turnover, he said he's a Director of a company "...with a turnover of £3m already". He could easily have been playing with words by not saying 'annual turnover'.
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#88 |
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Join Date: Jun 2009
Posts: 1,462
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Inevitably all an entire pack of lies.
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#89 |
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Join Date: Nov 2006
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Claude didn't say 'darling'
![]() (pedant leaves the room) |
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#90 |
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Inactive Member
Join Date: Apr 2009
Posts: 33,270
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I thought exactly the same.
His own company at 21 with a turnover of £3 million per year, or a £100,000 per year job working for someone else? Hmmm, tough choice Working for AS may create connections and gain the skills that enable how to turnover £100m with profits of 10% |
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#91 |
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Inactive Member
Join Date: Apr 2009
Posts: 33,270
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I really want to know who the CV lier is !! I hope its Stuart and not Stella. It can't be Stella :S Maybe Joanna ?
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#92 |
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Join Date: Apr 2009
Posts: 33,270
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I think his parents have a lot more to do with it than he's letting on - if you've bought a flat and flash cars completely on your own at 21 there's no WAY you'd go and be a salaried worker, no way
He could easily have a flat and car on £50k.... easily. |
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#93 |
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Join Date: Apr 2003
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I hadn't thought of that but it seems very likely now, unlike Stuarts claim that he earned enough money at 21 to buy his own house with no help atall from his millionaire parents.
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#94 |
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Join Date: Oct 2009
Posts: 3,089
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Why not? It's not that rare to buy your first flat at that age. I did and I certainly haven't got millionaire parents.
I think what he's doing is bigging up what he's got. He talks about buying a house and having a flash car but that could mean he has a big mortgage on a small flat and a 5 year old hatchback with glass fibre fairings.
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#95 |
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Join Date: Apr 2003
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Yes, it is certainly possible.
I think what he's doing is bigging up what he's got. He talks about buying a house and having a flash car but that could mean he has a big mortgage on a small flat and a 5 year old hatchback with glass fibre fairings. ![]() ![]() I very much doubt he's in a penthouse with a lamborghini in the underground car park. More likely to be a studio with a 95% mortgage and a Corsa with blacked out windows |
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#96 |
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Join Date: May 2009
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Oh I agree.
![]() I very much doubt he's in a penthouse with a lamborghini in the underground car park. More likely to be a studio with a 95% mortgage and a Corsa with blacked out windows |
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#97 |
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Join Date: Dec 2006
Posts: 5,412
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Quote:
Claude didn't say 'darling'
![]() (pedant leaves the room)
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#98 |
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Inactive Member
Join Date: Oct 2009
Posts: 3,089
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He told the guys at Brands Hatch he had a BMW CSL which is hardly a Corsa.
The only reference I've seen to his having a car from a third party was in an interview for a newspaper where he had he was 'between cars at the moment'. Successful people running any sort of serious business do not find themselves 'between cars'. |
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#99 |
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Join Date: Mar 2004
Location: London
Posts: 1,047
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For the record, I believe he said his company had a "turnover" of 3M, not an "annual turnover" of 3M. I think he was implying that thus far, the company had turned over 3M.
As a successful small biz owner myself I remember thinking, that's not that hard to do. |
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#100 |
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Join Date: Jul 2009
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I really want to know who the CV lier is !! I hope its Stuart and not Stella. It can't be Stella :S Maybe Joanna ?
Investment banks check EVERYTHING* these days; Stella joined a while back, but she's been promoted ... It's much easier for the self employed to lie, in fact it's often necessary to big up yourself and your business. * they went right back to my school, which I left in 1978, even though I have degrees and other qualifications. |
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