Legal dispute
This project aims to raise funds to resolve a claim, or other type of dispute.
The Liquidation of Octopus Titan VCT plc
Haverhill, Suffolk, United Kingdom
Aim
Pay for small adverts in Investors Chronicle etc to get 5% investor support to propose a resolution at the June '26 AGM to liquidate the VCT
Octopus Titan VCT is the worst performing UK Venture Capital Trust with a share price fall of more than 75% in the last 3 years - more than £750,000,000 of value lost.
BUT it has paid out an £225,000,000 in fees to Octopus Investment Managers for investments that they alone overvalued (see Financial Times "Spectacular fall from grace")
AND the Directors have now agreed, without shareholder approval, to continue to pay Octopus some £20m each year for essentially doing nothing because no new investments will be made.
The present share price is less than 50% of current assets even on Octopus' own historically poor valuation opinions, of which more than £200m is cash for which Octopus are charging nearly 50% of the interest earned just for putting it in the bank.
The only logical, and best for all parties except the Investment Managers, solution is to liquidate the company and pay out the cash as an immediate dividend of nearly 25% of the share price AND realise the unquoted investments over time in a self-liquidating Trust that costs peanuts to run.
So I asked for a list of shareholders to write to asking merely that they write to the Directors in support of such a request. The minimum number is 5% (minimum 100 persons).
The howls and screams of protest and anguish are set out in their 1st application to the High Court (see My Blog) with first hearings more than 4 months away in April 2026.
The next AGM in June 2026 will arrive long before any trial, so I now want to reinforce the urgency by separately demanding that the Directors place a motion to liquidate to the members at the AGM under separate specific company law rights given to shareholders.
Why am I doing this?
After a long history of "interest" in the UK's dreadfully poor record of Company Law Compliance, in 2023 I set about a "proof of concept" exercise to explore applying AI and other automated data analysis to the records at Companies House because no-one else has done it, or seemingly even intends to, and the Department of Business and Trade will not investigate even the most obvious problems and just orders the companies to be struck-off so that no investigation can take place.
That is how the Government covered up the outrageous provision by the Department of Education of all its children's records to the Betting industry. See Media report and DofE Case study.
Those records are the bedrock of UK company law and breaches are always the leading indicator of fraud - as Private Eye and others heve so often pointed out for decades.
Simply as a result of "following the money", I discovered so many delinquent and deliberately false regulatory filings by dozens of Investment Trusts, VCTs, and the Companies in which they invest and oversee.
So I bought a share in many of the Trusts and VCTs to enable me to attend shareholder meetings and find out exactly what is going on.
It became clear that the tentacles of the Octopus have plumbed new depths, and I attended the Extraordinary General Meeting of Octopus Titan on 14 October 2025 along with many angry, fed-up and disgruntled shareholders with a "something must be done" agenda.
That something is immediate liquidation which will save over £100,000,000 in fees to Octopus Investment Management at a total cost of less than 5%, and will realise full value of all investments without major cost because Octopus and other VCTs own so many other shares for their other funds in the same companies and have ongoing management duties anyway which will avoid all "perfrrmance (!) fees" .
Just remember that, whilst VCTs are only for the very rich, your savings and pensions sit in many of the Investment Trusts and Funds run by the same people.
Can you help to set an example and bring them to justice? Without the Register of Members only targeted publicity will spread the word and think small targeted adverts in the investment media will make the journalists more interested and let others spread the word..
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This project closed unsuccessfully on 2nd March 2026