Sunday 29 November 2020

Avocet subsidiary struck off Companies House register

by DOUGLAS SHEPHERD

A business which was part of the Avocet 'disruptive technology' set-up has been dissolved via compulsory strike off by Companies House.

Avocet Infinite Renewables Ltd. had the same two life presidents as Gennfros Ltd., a recently founded company which last week 'awarded' Avocet directors Martin Frost and Dr Bob Jennings honorariums of £24,000 a year each following their appointments to the life presidency.

The Articles of Association for Avocet Infinite Renewables, approved by special resolution in July 2017, allowed for Mr Frost and Dr Jennings to be installed as presidents for life. While the position was to be unpaid each would be "entitled to be reimbursed in respect of any reasonable expenses which he properly incurs in connection with the discharge of his position as a life president of the company".

The objectives of the life presidents at Avocet Infinite Renewables are identical to those set out in the recently published Articles of Gennfros although the management of that company have claimed there will be no connection with Avocet. Instead, Gennfros will rely on a completely new set of intellectual property. 

Those objectives laid out in 2017 were deemed necessary to ensure:

"'Avocet' is seen not just as a fuel additive but is a generic term to encompass and encapsulate a forward movement to a sustainable future;

"'Avocet' remains and develops as a design process grounded in systems thinking of how energy and the law of entropy can prompt a societal shift;

"the 'Avocet' brand name is used in respect of a select number of companies, products and processes which individually and collectively enables man to do more with less;

"'Avocet' is an ecological progenitor to the 'sustainability revolution'; and

"'Avocet' provides mechanisms that work more efficiently with the planet's energy, water and food that positively impact on the world".

The nature of business of the now dissolved Avocet Infinite Renewables is listed at Companies House as "extraction of crude petroleum and natural gas; other treatment of petroleum products; and remediation activities and other waste management services".

The company, incorporated in 2015, had not submitted annual accounts to Companies House since 2017.

In the year to 31 December 2017 it reported a deficit of £211,978, up from £81,800 in 2016. Trade creditors were due £21,021 while the sum of £204,461 was owed to "group undertakings". That figure had risen from £84,294 in 2016.

A note to the accounts explained: "Avocet Infinite Ltd., the company's major creditor, will not require repayment of the inter-company debt within twelve months".

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