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Rexton Capital

Anyone come across?

Didn't find your answer?

Had an approach from this company decribing a variety of financing offers, which may in fact be of interest to one of my clients. They pay accountants a commission on completed deals. Has anyone had any experience of them? Naturally I would advise client to take legal advice before entering into any arrangement.

Replies (18)

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By Accountant A
04th Dec 2019 17:31

Having looked at their accounts, it's a "no" from me.

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By penelope pitstop
04th Dec 2019 17:41

How much capital is Rexton Capital sitting on?

Should it be called Rexton No Capital? If so, give it a wide berth!

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By Wanderer
04th Dec 2019 17:58

Nice of them to publish their detailed trading & profit and loss account though.

£9k accountant's fee on £120k turnover? Must be a complicated setup.

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Replying to Wanderer:
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By Accountant A
04th Dec 2019 18:34

Wanderer wrote:

£9k accountant's fee on £120k turnover? Must be a complicated setup.

Their accountant uses a hotmail email account. Client confidentiality a priority, obviously.

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Replying to Accountant A:
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By johnhemming
04th Dec 2019 19:06

Hotmail is as secure as any Microsoft Office 365 account.

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Replying to johnhemming:
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By Accountant A
04th Dec 2019 20:41

johnhemming wrote:

Hotmail is as secure as any Microsoft Office 365 account.

So not very then! And it looks so unprofessional.

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Replying to Accountant A:
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By johnhemming
05th Dec 2019 11:32

I agree that it looks unprofessional, but it should be quite secure. Microsoft are big enough to afford to pay people to run security issues who understand it properly.

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By penelope pitstop
04th Dec 2019 19:05

Man alive!

Yo ought to see the skyscraper address this outfit trades from.

It is eye-wateringly top end stuff.

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By johnhemming
04th Dec 2019 19:11

It is interesting comparing their website to that of Berkshire Hathaway
http://www.berkshirehathaway.com/
https://www.rextoncapital.com/

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Replying to johnhemming:
Hallerud at Easter
By DJKL
04th Dec 2019 21:54

Berkshire is the perfect example of substance over form.

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By Accountant A
04th Dec 2019 20:49

The website refers to "Our dedicated team ..." who, if you take the accounts at face value, are pretty badly paid!

Can't believe how bullsh!tters have the brass neck to create a flashy website that (from what we can see) completely misrepresents what and who they are.

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Replying to Accountant A:
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By johnhemming
04th Dec 2019 20:53

Does it misrepresent them or is it merely that people should not read too much into the graphics. (vide Berkshire Hathaway)

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Replying to johnhemming:
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By Accountant A
04th Dec 2019 21:01

johnhemming wrote:

Does it misrepresent them or is it merely that people should not read too much into the graphics. (vide Berkshire Hathaway)

My interpretation is that it is intended to make the business appear to have far greater substance than the accounts suggests it has. Why refer to a "team" when evidence suggests that there isn't one?

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By bernard michael
05th Dec 2019 10:32

Interesting to see that the 30/04/18 accounts (filed initially 30/07/18) showed an operating profit of £238500 which was amended to £1178 in the amended accounts (filed 22/03/19)
This was achieved by increasing the Admin expenses by £108000
Strangely also the turnover went down from £250000 to £120678
HMMM !!
Another peculiarity is the name change mess created in Mr Swai's (Rextons Director) other company
https://beta.companieshouse.gov.uk/company/10074635/filing-history

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Replying to bernard michael:
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By Rammstein1
06th Dec 2019 09:45

I wonder which accounts went to the bank.

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By SWAccountant
05th Dec 2019 13:32

I love it when this place tears somebody apart. Makes my day.

Despite the name, they're probably just an introducer themselves. There's undoubtedly more credible sources of finance for your clients, though .

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Replying to SWAccountant:
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By bernard michael
05th Dec 2019 14:07

SWAccountant wrote:

I love it when this place tears somebody apart. Makes my day.

Despite the name, they're probably just an introducer themselves. There's undoubtedly more credible sources of finance for your clients, though .


My post was merely publicising what was in the public domain and should not be deemed to infer any criticism despite my sense of humour
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By SXGuy
06th Dec 2019 08:28

Im pretty sure their website uses a Wix.com template!

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