Times of Tunbridge Wells 16th September 2020

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Wednesday September 16 | 2020

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• VoIP CURTAIN RISES: The Assembly Hall Theatre in Tunbridge Wells is to reopen – seven months earlier than expected. Full story page 3

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Couple in minibond collapse said to have spent £250,000 on Mayfair club

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ANOTHER twist has emerged in the ongoing saga of the Tunbridge Wells minibond firm London Capital & Finance [LCF] that collapsed owing investors and savers £237million. The wife of the man at the centre of the scandal, Helen Hume-Kendall, is said to have spent £250,000 on membership to Annabel’s, one of London’s most famous nightclubs. It is alleged she and her husband received around £24million of bondholders’ cash. Her husband Simon Hume-Kendall is the Tunbridge Wells businessman who set up LCF. The firm collapsed in 2019 wiping out the savings and investments of more than 11,000 people. The former chairman of Tunbridge

Wells Conservatives set up the minibond company in 2012 and then went onto become its biggest borrower through his firm, London Oil & Gas [LOG]. LOG collapsed shortly after LCF went into administration, owing nearly £90million it had borrowed from LCF.

‘It’s hoped action taken by administrators will bring the individuals to account’ Administrators for LCF now want the cash back and are suing the couple along with 11 other people connected with the firm for £178million. Among those also being sued by administrators for LCF, Smith & Williamson, are LOG director Elten Barker

of Hadlow Down, LCF Director Andy Thomson, and Crowborough businessman, Spencer Golding – over allegedly defrauding investors and personally benefitting by millions of pounds. Also being chased for money is former Conservative minister Charles Hendy – who was employed by Mr Hume-Kendall as a consultant and sat on the board at LOG. Mr Hendy was elected MP for Wealden in 2001, and in 2010 he served as an energy minister under David Cameron. He is accused of failing to take sufficient steps to discover the alleged fraud in his role as director of LCF-linked companies. Mr Hendy denies any wrongdoing. He told newspapers: “This legal action against me is totally without merit. I will

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