Celebrity-company must be thrown open

The ailing technology firm ACT.Global now thrown open by the authorities. the Company with Lagkagehuset-founder Ole Kristoffersen and EM-hero Henrik 'Store'

Celebrity-company must be thrown open

The ailing technology firm ACT.Global now thrown open by the authorities. the Company with Lagkagehuset-founder Ole Kristoffersen and EM-hero Henrik 'Store'

Ann McDonald
Ann McDonald
20 February 2020 Thursday 00:00
54 Reads
Celebrity-company must be thrown open

The ailing technology firm ACT.Global now thrown open by the authorities.

the Company with Lagkagehuset-founder Ole Kristoffersen and EM-hero Henrik 'Store' Larsen, among the investors, recently came out with a deficit of around eur 120 million. kr.

at the same time it emerged that the director and owner Carsten Jensen have a string of bankruptcies behind him. And that he as late as in October 2016 was in the bailiff's court.

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Fodboldlegenden Allan Simonsen (th.) is associated with the firms ACT.Global as a kind of ambassador. Photo: Ernst van Norde

And now the Danish business authority started an investigation of the accounts in the ACT.Global to find out whether the company has violated the law. It reveals the documents, which Ekstra Bladet has had access to.

'the Company's management is requested to draw up a statement,' writes the agency in a letter to the company, where you will be asked to provide a wide range of conditions.

This applies, among other revenues, capital increases and errors in previous accounts. ACT.Global has been asked to send an explanation within 14 days, it appears.

the Extra Leaf is working on a commentary from the director, Carsten Jensen.

See also: the Rich ended up in court: - He is not to rely on

ACT.Global the seller a means for the control of bacteria in swimming pools and in hotels.

the Company has in recent years seen pleasing millionoverskud and has attracted investment from a wide range of investors. And as late as October heralded director Carsten Jensen even a profit in an interview with Børsen.

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Carsten Jensen have a string of bankruptcies behind him. In several of the companies he had also paid illegal loan to himself. Photo: Nikolai Linares/Ritzau Scanpix

But when the accounts came out, so it's completely different: There was a deficit of eur 120 million. kr.

- It is indeed not very smart to sign a golden future out and get as big a hammer in the head afterwards. It seems as though the director has come to speak a little too much, as the seller, but may not be as regnskabskyndig, said Frank Thinggaard, professor of accounting at the University of Aarhus, to Ekstra Bladet.

See also: Failing-comet-company director wallowing in bankruptcy

The large deficit was due to, among other things, that the company suddenly has chosen to write down receivables from customers by 75 million. kr.

the Company's director, Carsten Jensen, has not yet responded to the Extra's question about the financial statements. But to erhvervsmediet Finance sounded, the explanation that 'we have chosen strategically to make it, because there is a focus on big markets such as China and the UNITED states.'

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Lagkagehuset-founder Ole Kristoffersen, have money at stake in the ACT.Global. He is now moved into the company's board of directors. Photo: Jan Young/POLFOTO

However, the financial crisis has not affected the value of Carsten Jensen's shares in the ACT.Global. Despite the large deficit, increased the company's value in one year from 235 million. kr. to more than 600 million. kr.

- It seems strange. Usually respond a company's value is negative at a large deficit. Here is increasing the value to more than double. It is striking, said professor Frank Thinggaard in the connection.

in addition to the money from a number of private investors have ACT.Global also received a loan of unknown size - from the state loan fund Denmark's Green investment Fund.

See also: Failing company rises to 600 million.: - Looks strange

Updated: 20.02.2020 00:00
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