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Bagg's CV all lies?


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Old 10-12-2010, 18:47
Dollystanford
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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.
yes and she said 'how did you get hold of that'
err they are public darling!
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Old 10-12-2010, 19:49
NeilyM
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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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Old 10-12-2010, 20:31
lingerlonger
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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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Old 10-12-2010, 20:35
jgj
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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.
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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Old 10-12-2010, 20:59
CaptMcMallister
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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.
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.
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Old 10-12-2010, 21:31
Tercet2
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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.
As it's an IOM company, there are different rules to UK ones.

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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Old 10-12-2010, 21:33
Tercet2
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yes and she said 'how did you get hold of that'
err they are public darling!
Claude didn't say 'darling'

(pedant leaves the room)
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Old 10-12-2010, 21:35
danmoz
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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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Old 10-12-2010, 21:55
Puterkid
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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.
I thought his name is Stuart

Whatever, I can't stand the sight or sound of him, eugh!
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Old 10-12-2010, 22:08
Magic8Ball
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I thought his name is Stuart

Whatever, I can't stand the sight or sound of him, eugh!
I thought his name was 'Ball'....
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Old 10-12-2010, 22:16
danmoz
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I thought his name is Stuart

Whatever, I can't stand the sight or sound of him, eugh!
Oops, lol, so it is. I forgot to be honest, so used to hearing him referred to as the brand. Maybe his father has been bankrupt before?
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Old 11-12-2010, 01:20
BelligerentBoss
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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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Old 11-12-2010, 01:23
MakinItHappen
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Inevitably all an entire pack of lies.
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Old 11-12-2010, 08:52
trollface
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Claude didn't say 'darling'

(pedant leaves the room)
If you're truly being pedantic, then you should note that Dollystanford didn't put quotation marks around the phrase "err they are public darling!", so wasn't claiming them to be a quote.
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Old 11-12-2010, 10:44
Damanda
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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
a turnover of £3m might onlt result in post tax profits of 1.5%

Working for AS may create connections and gain the skills that enable how to turnover £100m with profits of 10%
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Old 11-12-2010, 10:45
Damanda
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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 ?
My money is on Jamie
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Old 11-12-2010, 10:52
Damanda
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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
Of course he would. I would. It would be a fabulous opportunity.

He could easily have a flat and car on £50k.... easily.
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Old 11-12-2010, 11:05
Blondie X
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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.
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.
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Old 11-12-2010, 12:25
Jepson
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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.
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.
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Old 11-12-2010, 12:42
Blondie X
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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.
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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Old 11-12-2010, 13:30
CaptMcMallister
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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
He told the guys at Brands Hatch he had a BMW CSL which is hardly a Corsa.
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Old 11-12-2010, 13:30
Dollystanford
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Claude didn't say 'darling'

(pedant leaves the room)
no I know - that was me saying it!
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Old 11-12-2010, 13:41
Jepson
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He told the guys at Brands Hatch he had a BMW CSL which is hardly a Corsa.
Sounds more like a fantasy.

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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Old 11-12-2010, 13:58
soneil
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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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Old 11-12-2010, 14:12
billio
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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 ?
Having worked in banking, (and being self employed now) I don't think it can be Stella, or Chris for that matter.

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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