The future of Baroness Michelle Mone’s cryptocurrency-backed peer-to-peer platform is unclear.
The lingerie tycoon (pictured) launched an initial coin offering (ICO) in March 2018 with her venture capitalist partner Doug Barrowman to help build a platform that would let retail investors acquire stakes in or lend to early-stage businesses using Equi tokens.
But Companies House documents suggest at least one of the businesses set up at the same time has been dissolved and another is facing a strike-off action.
The platform was initially called Equi before putting its ICO on hold during the summer of 2018 to shift from a UK to an international focus and rebrand as Equi Global.
Apple co-founder Steve Wozniak joined the business in October 2018 but nothing public has been announced since.
As of September 2019, the Equi website displayed a message stating that Equi Global is now Equi Capital Partners. It promised that further details will be revealed soon.
But emails to the email address on its website bounced back this morning (27 April).
Companies House documents show that Equi Global, which lists Barrowman’s son Andrew as the sole director, is six months late filing its 2019 accounts.
A strike-off notice was added to its Companies House listing on April 20 that warned the company would be removed from the register within two months “unless cause is shown to the contrary.”
Another business set up in September 2019 with Andrew Barrowman as director, Equitable Capital Partners, was dissolved last month after receiving a compulsory strike-off action from Companies House in December 2020.
A third business, Equi Capital Partners, still appears to be active on Companies House.
Its last activity was to file a confirmation statement in September 2020.
Andrew Barrowman is its only director.
A spokesperson for Baroness Mone said she has nothing to do with the day-to-day running of Equi and added that Equitable Capital Partners has nothing to do with Equi.
The late accounts were due to the offices being closed because of the pandemic and staff being infected, the spokesperson said.