Public Statement 17 of 2022 - ERIDGE CAPITAL LIMITED

ERIDGE CAPITAL LIMITED

Tortola, British Virgin Islands - 5th October 2022 - The British Virgin Islands Financial Services Commission ("the FSC”) considers it necessary to issue this Public Statement in order to protect the customers, creditors or persons who may have been solicited to conduct business by ERIDGE CAPITAL LIMITED and to make the general public aware that the entity has been struck off the BVI Register of Companies ("the Register”) and has never been licensed or regulated by the FSC to carry on any type of financial services business.

The details are:

On 14th March 2018, ERIDGE CAPITAL LIMITED was continued into the BVI as a business company, having previously been registered in Jersey as NEW WORLD OIL & GAS PLC. https://www.jerseyfsc.org/news-and-events/new-world-oil-gas-plc/. The entity has never been licensed or regulated by the FSC to conduct investment business or any financial services business in or from within the BVI.  

The FSC is aware of complaints circulating on various internet sites from investors/shareholders of ERIDGE CAPITAL LIMITED and wishes to make the general public aware that on 2nd November 2021, the company was struck off the Register. Under BVI company laws, a struck-off company, and the directors, members and any liquidator or receiver thereof, are prohibited from dealing with the assets of the company and from acting in any way with respect to the affairs of the company.

Members of the public are therefore advised to exercise extreme caution if solicited at any time to conduct business with ERIDGE CAPITAL LIMITED.  The public is invited to provide the FSC with any relevant information on any questionable entities which are purportedly operating in or from within the Territory and on any improper activities engaged in by such entities.

The FSC has issued this Public Statement pursuant to Section 37A of the Financial Services Commission Act, 2001.