Versailles Group was a British trade finance company that was engaged in mezzanine lending and gap finance. In December 1999, trading in Versailles shares was suspended and in early 2000, the company was placed in administrative receivership after fraud by its leaders was discovered at the company.[1]
Versailles was listed on Alternative Investment Market in September 1995 and transferred to the main London Stock Exchange in October 1997. The legal form of each of the company's transactions was that Versailles bought and sold goods and raw materials, the substance of the transactions was that Versailles financed its clients’ purchases of raw materials and subsequent sales of goods. The company was a FTSE-250 company based in London.
Versailles Group Ltd. was never affiliated with the bankrupt Versailles Group plc.
History
Versailles Group plc was