Business News: Paul Jessup Disqualified After Fund Misuse

Short version: the Insolvency Service has banned Paul Jessup, ex-managing director of Strand Capital SA, from acting as a company director for nine years. Regulators found he misused money from Helvetica Investments Ltd, leaving a big gap in the fund’s accounts. If you follow financial governance or invest in funds, this case shows how director actions can lead to personal bans and bigger losses for investors.

What happened

Officials say Jessup took or redirected money from Helvetica Investments Ltd that should have been used for the fund and its investors. That misuse produced a significant shortfall — a gap between what should have been in the fund and what actually was. The Insolvency Service investigated and concluded his actions were serious enough to disqualify him from running or directing companies for nine years. That’s a strong enforcement outcome and sends a clear message to fund managers.

The facts are straightforward: a managing director’s duty is to act for the company and its investors. When funds are moved or spent in ways that harm the company or break those duties, regulators step in. Disqualification stops someone from holding director roles and can also affect professional reputation and future work in finance.

What this means for investors and company directors

If you invest in funds or hold director roles, there are practical steps to take. First, check the public record: Companies House and the Insolvency Service publish disqualification orders and director details. That lets you confirm whether a manager has restrictions. Second, look closely at fund reporting. Regular, clear accounting and independent audits reduce the chance that problems go unnoticed. If audits are delayed or reports are vague, treat that as a red flag.

For directors: keep clear records and follow duties to the company and its investors. If you’re unsure about a payment or transaction, document decisions and seek independent legal or accounting advice. Disqualification cases often involve poor record-keeping or unclear authorisation of moves in and out of fund accounts.

For creditors and counterparties: a director disqualification can affect recovery options and the path of any insolvency. Follow official notices and communicate with insolvency practitioners handling a case. If you suspect misuse, report it to the regulator handling the company’s affairs — in the UK that would include the Insolvency Service or Companies House depending on the issue.

Finally, this case is a reminder that governance matters. Whether you run a fund, work in pharma business units, or invest in companies, asking simple questions about controls, audits, and director history can protect you from surprises. Stay alert, check records, and act quickly if something looks off.

Former Strand Capital Managing Director Paul Jessup Disqualified for Fund Misappropriation

Former Strand Capital Managing Director Paul Jessup Disqualified for Fund Misappropriation

Paul Jessup, the ex-managing director of Strand Capital SA, has been disqualified from serving as a company director for nine years. The Insolvency Service found him guilty of misusing funds from Helvetica Investments Ltd, leading to a significant financial shortfall and his subsequent disqualification.

RECENT POSTS

October 25, 2025
Quetiapine and Quality of Life: Benefits, Side Effects, and Real‑World Impact

Explore how quetiapine influences quality of life, covering its benefits, side effects, clinical evidence, real‑world experiences, and practical tips for patients.

May 14, 2023
The Role of Nutrition in Managing Hyperprolactinaemia

In my latest blog post, I explored the role of nutrition in managing hyperprolactinaemia, a condition where there is an excess of prolactin hormone in the blood. Through my research, I discovered that certain dietary changes, such as reducing refined sugar and processed food intake, can help maintain hormonal balance. Additionally, incorporating foods rich in Vitamin B6, zinc, and magnesium can aid in managing symptoms. I also highlighted the importance of a balanced diet and regular exercise in overall hormone regulation. Don't miss out on these valuable tips and insights to help manage hyperprolactinaemia through proper nutrition!

June 2, 2023
The Long-Term Effects of Atenolol-Chlorthalidone on Your Health

After researching the long-term effects of Atenolol-Chlorthalidone on our health, I've discovered both positive and negative outcomes. This combination medication is primarily used to treat high blood pressure, which can lead to a decreased risk of heart attacks, strokes, and kidney problems. However, long-term use may cause side effects like dizziness, fatigue, and depression. It's essential to work closely with your healthcare provider to find the right balance for your individual needs. Overall, Atenolol-Chlorthalidone can be an effective treatment for high blood pressure, but we need to be mindful of potential side effects over time.

April 29, 2025
RxConnected vs Local Pharmacy: Comparing Prescription Costs and Convenience in 2025

Are online pharmacies really less expensive and more convenient than your neighborhood drugstore? This in-depth article explores the real cost and time differences between RxConnected and local pharmacies, providing practical insights, data, and expert tips to help you make smarter choices about where to fill your prescriptions in 2025.

February 4, 2025
Top Alternatives to WebMD: Uncovering the Best Health Information Resources

This article delves into seven noteworthy alternatives to WebMD for those seeking reliable health information. Each platform offers unique features and focuses, from expert-reviewed content to user-friendly interfaces. Readers will discover the pros and cons of each option, helping them make informed choices about where to turn for trusted medical guidance.