... is the name of the offshore company in which Eddie Davis is said to have a large (controlling?) stake and to which most of Burnden Leisure's debt is owed.
I would really like to understand more about this. I am not convinced it is just a simple case of "don't worry, all the debt is owed to Eddie so it doesn't really count". Can someone who knows about this stuff explain it?
Do we actually know where moonshift gets its money from? I am thinking it may be some kind of investment trust that manages funds on behalf of investors, who could be banks, pension funds, private individuals, I don't know. The reported total personal worth of Eddie Davis is a lot less than the Burnden Leisure loans, which suggests Moonshift itself has borrowed the money from somewhere. I don't think Eddie Davis is in a position where he can personally underwrite that amount of debt (not that he would be that daft anyway, he didn't get where he is today by exposing himself personally, oo-er missus).
Moonshift charges premium rates of interest on its loans to Burnden Leisure, is this because it too has to pay interest/dividends to the investors who provide the funds?
Is Moonshift basically just Eddie Davis hiding behind a corporate veil, or is it part of something bigger than him?
Confused of Essex, and also rather worried too about the consequences of not winning next week heaven forbid.
Moonshift Investments ...
posted on 7/5/12
I think they're one of those companies that make birthday cards and stuff.
You send 'em your details and they send you a card.
You must have seen the adverts on the telly with their annoying jingle.
"Moo-oonshift dot com."
posted on 7/5/12
Hmmm ... a house of cards you might say.
Do you think thyey could do us a get-out-of-jail card?
posted on 7/5/12
It's easy Exiled.
Eddie made millions around the world making kettle elements with his company the Stryx Group, but he didn't want to pay UK tax so became a tax exile in the IOM.
With his wealth ans the sale of the Stryx Group he put all his wealth in offshore accounts, namely Bermuda.
The Fildraw Private Trust owns Burnden Liesure (or 96% of it) of which Eddie is a member, the other memners being his family.
Mooshift Investments is another private company setup in Bermuda by Eddie and his benefactors that has loaned the company 100mil @ a rate of interest of 5% per annum.
It's all legal and what not, it's just that you cannot access information on these comapanies as you could in the UK through Companies House.
posted on 23/5/12
Have a read of this regarding Moonshift.
http://www.mannyroad.co.uk/2011-08-04-23-47-02/item/111-the-murky-financial-world-of-bolton-wanderers