RE: Helium One25 Mar 2019 14:49
mherby,
Helium One is a group of companies.
The group consists of at least three component companies ((1 holding and 2 subsidiary)) (I suspect there is also a Tanzanian subsidiary).
Each component company has a specific purpose dependant on how the business was structured.
In the start-up stage/years of a company there may be no assets or financial transaction activity occurring in a component company, so there is nothing to account for. It then makes sense to classify that component company as the type that needs minimum reporting and is the cheapest to administer (UK Smaller Companies - Dormant)
If a component company is a private company then it is only required to send accounts to its direct investors and (local tax authority and companies registrar).
Each component company may have different:
Director(s)
Assets
Liabilities
Bank accounts detailing different transactions
Levels of requirements to publically report information.
Protective charges over assets in other companies.
SOLO bought shares in the private holding company:
Helium One Ltd is a UK tax registered, British Virgin Islands based holding company incorporated in September 2015, with company number 1888591 and registered address at P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, BVI.
Members of the board of that holding company and their job titles are shown:
http://www.helium-one.com/about-us/team/
I suspect that there is nothing happening yet in the UK and Australian subsidiaries, so am not surprised that there is nothing to report. What is displayed for them looks ok to me, at this stage in the life of the business.
The number of directors and company secretaries required for a company is dependant on how active it is.
If you know how the group's companies are structured and think that certain displayed information is missing or incorrect then you should of course request that they look into fixing it.
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