Is Three Tuns Investment Holdings Legitimate?

Three Tuns Trade & Investment Holdings Ltd (UK company 14242045) is the current principal UK operating entity of the Corinth Group network. It was incorporated on 19 August 2022 and is registered at Pluto House, 6 Vale Avenue, Tunbridge Wells, Kent TN1 1DJ — a serviced office address shared by 45+ other companies. [Source: Companies House]

Regulatory Status

Three Tuns Trade & Investment Holdings Ltd does not appear on the FCA register as an authorised or exempt firm. Despite claims on associated websites of managing institutional investments, no financial regulatory authorisation has been identified in any jurisdiction for this entity. The predecessor entity Corinth Management Services Ltd is in compulsory liquidation, and the CySEC AIFM licence held by the related Corinth Fund Management Ltd was revoked in October 2022. [Source: FCA register, CySEC decision register, Companies House]

Director Resignation Pattern

Eight directors have resigned from Three Tuns Trade & Investment Holdings Ltd in rapid succession between 2023 and 2024. The most notable is Devinder Paul, who resigned after only 4 days. Three directors — Grant John Griffin, Paul Anthony Butler, and Neil Anthony Wemyss Walsh — all resigned on the same date (31 May 2023), approximately six months after CySEC revoked the Corinth Fund Management AIFM licence. This pattern of rapid departures is documented in the Companies House filing history. [Source: Companies House filing history for company 14242045]

Ownership and Control

The company is controlled through two Persons of Significant Control (PSC) vehicles: VMSIH Ltd (Michael John Padley, 25–50% indirect ownership) and RJ-BAT Consulting Ltd (Alec Louw Theunissen, 25–50% indirect ownership). This layered PSC structure places additional corporate entities between the beneficial owners and the operating company. Michael Padley is also the sole director of Lothbury Financial Services Ltd, and resides in Matfield, Kent — approximately 700 metres from Alec Theunissen in Tunbridge Wells. [Source: Companies House PSC register]

Connection to Corinth Group

Three Tuns Trade & Investment Holdings Ltd is described by multiple independent sources as the latest entity in a sequence of corporate identities: APAHML (Hong Kong) to Arcis Consortium to Curatio Capital to Corinth Group to Three Tuns. All related UK entities were originally incorporated on 19 May 2019 under different names, then renamed as part of a batch restructuring. Alec Theunissen is a director of multiple entities in this network. The Swiss operations continue under six AGs registered at Stadtgartenweg 6, 7000 Chur, with Jurate Kairiene (wife of Martin Walter Model) as sole signatory. [Source: Companies House, Swiss Commercial Register]

Related People

Related Entities

Related Investigations

Related Questions