Following our recent deep dive into the reality of UnCaring’s personal finances, the last week has revealed a big new red flag: his companies are late filing their accounts. Is Tricky Dicky trying to hide something?
As the clock ticks ever closer to the April 29 deadline for Richard Caring to find the cash he needs to pay the looming $239 million he owes his bankers at HSBC there are fresh signs that the self-styled billionaire restaurateur is struggling to find the money.
The bank had already extended the loan’s payback date by 12 months. But no one knows how UnCaring is going to find the money to pay it back against the new deadline.
His hope had clearly been to sell off some of his businesses in time. But a desperate attempt to flog his collection of The Ivy restaurants has so far got nowhere after being labelled with an overinflated $1.25bn price tag.
Now, following our dive into the shadowy world of Tricky Dicky’s professional and personal finances last week, the latest seven days has seen a new red flag emerge that throws the perilous state of his finances into fresh relief.
Red Ink Time
For the first occasion in years, the accounts for all his main companies have not been filed ahead of the deadline set by His Majesty’s Revenue and Customs Service, leading to big red warnings on his businesses’ listings at the UK’s Companies House.
It is these holding companies that are the keys to UnCaring’s kingdom. MBH Group (UK) houses Annabel’s, Mark’s Club and 46 Berkeley Square among other entities; Troia (UK) contains The Ivys and Harry’s Bar; and CH Acquisition is home to favored celeb-haunt Sexy Fish among others.
All had a deadline of December 31st 2024 for their accounts to be filed.
Previously these have always been submitted on time. Since 2021, they’ve filed their Accounts for each financial year always in the 4th quarter of the following year with the regularity of a metronome.
But this time the accounts for the three group companies are overdue with the last accounts filed way back in January 2023.
So also are key subsidiaries such as Annabel’s, Caprice Holdings, Caprice Events, George (Mount Street), Bills Restaurants, Bill’s Trading, Harry’s Bar, Harry’s Bar Restaurants, Mark Birley Holdings, Mark Birley Associates, Marks Club, 46 Berkeley Square, The Bath and Racquets Club, Annabel’s Cigar Shop and Caprice Properties.
What could be the reason for this omission? Is it just an accounting mistake? Or what, as he hunts around desperately for buyers for his businesses, what is UnCaring trying to hide?
Comments