A filing on Companies House shows that Blackmore Bond has again exploited the accounting-period-shortening trick to extend the date that its accounts are due.
Blackmore Bond plc should have filed its December 2018 accounts by June 2019, but used the one-day-shortening loophole to legally delay filing accounts for three months. That three months expired on Friday 27th and on the very same day, right in the nick of time, Blackmore Bond electronically submitted a further adjustment.
Blackmore cites the resignation of its auditor, Grant Thornton, as the reason for its failure to file accounts in a timely fashion.
Blackmore has come under heavy scrutiny since the collapse of London Capital and Finance, with more attention paid to relatively small payments of quarterly interest (relative to the amount Blackmore has taken in) than any other investment company I can think of.
Immediately after London Capital and Finance was shut down by the FCA, Blackmore replaced LCF at the top of Surge’s Top Isa Rates and Best Interest Rates websites. Given the level of undesired publicity it has received as a result, this marketing strategy has arguably backfired.
Blackmore has now stopped accepting investment from UK investors and, almost uniquely for a UK-based investment company, only accepts investment from outside the UK, via its Blackmore International website.