After years of fooling themselves and everybody else, Pygmalion is being wound up. In the middle of October the two subsidiaries of Pygmalion Group Ltd were put into voluntary administration. See the report on both here;
Pygmalion Corporate Ltd Report on Liquidation PDF
Pygmalion Education Ltd
The numbers speak for themselves.
But, this means that the Group Structure into which we invested over £110,000 will have no basis to work or to survive. Thus at a board meeting on the 9th November at the Institute of Directors (too much irony for me) in Pall Mall, Pygmalion Group will vote for liquidation and our mere 13% shareholding will not stop them.
Please check out the ex CEO Mr C Kilmurry on Linkedin and please note his new position doing what he was doing before. Fiduciary duty I hear you say? No chance.
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