World Trade Systems publishes three years of accounts

15th Mar 2010 17:20

Fully listed-World Trade Systems has published three years of accounts in a period of 14 minutes.On 29 January 2008 shares in WTS were suspended because it had not published its figures for the year to September 2007. More than two years later WTS has published its 2006-07, 2007-08 and 2008-09 accounts on the same day. The suspension price was 4.5p a share and even though the accounts are now up to date there is no indication of when trading in the shares will start again. WTS has no business and its only income is rent on freehold agricultural land. It made a small loss in each year and it has net liabilities. Kudrow Finance Limited, the ultimate parent company of WTS, has provided loans totalling £460,000 to the company so that it can keep trading and look for new business opportunities. A business controlled by WTS non-executive director Antares Cheng provides the money for Kudrow to loan WTS.