Leicester-based Aurum was bought by a US private equity firm in 2013 and its parent company is now based in Luxembourg, reported the Sunday Times.
The newspaper has claimed that although the firm has a ‘deferred’ tax payment of £1.98million in its latest accounts, it has not paid any corporation tax since 2010 because of business investment and ‘historical losses’.
While not illegal, such a structure casts doubt on its fitness to hold a warrant, the programme claims.
They’re saying what?
In a statement Aurum said: ‘The Aurum group has not been in a position to pay taxes over the past five years largely due to trading conditions, investment in the business and historical losses.
‘The group is expected to have utilised its historical losses at the end of the current fiscal year.’
They’re mad, aren’t they?
Was Ritchie involved in this “investigation”? Or just someone equally ignorant?
Gunmaker Holland and Holland, another warrant holder, sells rifles that could be used for big game trophy hunting, the programme reported.
While there is nothing illegal about such sales, the link flies in the face of a staunch opposition to the ivory trade taken by the Prince of Wales and Prince Harry.
Seriously, they’re mad aren’t they?