Wacam Investments ApSAktiv

Business review The company´s principal activities is to carry on trade and financial activities, including the acqusition and possession of investments as a holding company in Danish and foreign companies, consulting and management activities, as well as other associated activities by the Executive Board decision. The company is operating under the secondary name HowardScott which focuses on the development of and investment in renewable energy projects.

Financial review The company's income statement for the year ended 30 September 2020 shows a loss of EUR 362.403, and the balance sheet at 30 September 2020 shows equity of EUR 6.469.117. The company has a receivable in its balance sheet against Edwin George Shelton which is valued in the company’s books at EUR 1.071.511,88. On 9 March 2009 Edwin George Shelton agreed to owe Jysk Stålihndustri ApS an amount of USD 312,429.40 with interest accruing from that date. The claim was subsequently assigned from Jysk Stålindustri ApS to Dutch company Universal Cargo Logistics Holding B.V. and then in June 2017 Wacam Investments ApS acquired the claim. At the time of transfer of the claim to the company, the value of the claim including accrued interest was USD 992,926.80. At 30 September 2020 the claim is taken into the company’s books at a value of EUR 1.071.511,88. In accordance with available information, Jysk Stålindustri ApS and Universal Cargo Logistics attempted to collect the claim against Edwin George Sehlton and as such the cliam has not fallen away or become outdated. Wacam Investments ApS is working on obtaning the necessary documentation to pursue the claim legally. However, this work has been hampered by the fact that Jyske Stålindustri ApS has been dissolved and by the fact that Cargo Logistics Holding B.V. is a Dutch company and that in both cases the claim has been attempted to be recovered through external legal assistance. It must therefore be expected that it can t

Uddrag af ledelsesberetningen i den seneste årsrapport.