Why Did 8 Directors Resign from Three Tuns?

Between 2023 and 2024, eight directors resigned from Three Tuns Trade & Investment Holdings Ltd (UK company 14242045). The resignation pattern, timing, and circumstances are documented in Companies House filing history and raise questions about what those directors encountered. [Source: Companies House filing history for company 14242045]

The Resignation Timeline

The most notable resignations include: Devinder Paul — resigned after only 4 days (the shortest directorship). Grant John Griffin, Paul Anthony Butler, and Neil Anthony Wemyss Walsh — all three resigned on the same date, 31 May 2023. This coordinated departure date falls approximately six months after CySEC revoked the Corinth Fund Management AIFM licence in October 2022. Additional resignations include Lionell Olivier (South African) and Andries Cornelius Geldenhuys (Namibian). [Source: Companies House]

Factual Observations

Several factual observations can be made from the public record: The 4-day directorship of Devinder Paul is an unusually short tenure. The simultaneous resignation of three directors on the same date (31 May 2023) indicates a coordinated departure rather than independent individual decisions — a group of directors do not typically resign on exactly the same date by coincidence. The timing of resignations relative to the CySEC licence revocation (October 2022) and the compulsory liquidation of Corinth Management Services Ltd (January 2026) places them in a period of deteriorating regulatory and corporate status for the network. [Source: Companies House, CySEC]

The Remaining Directors

Following the wave of resignations, the remaining directors and officers of Three Tuns Investment Holdings are Alec Louw Theunissen and Michael John Padley. These two individuals have remained throughout the resignation period and control the company through their respective PSC vehicles (RJ-BAT Consulting and VMSIH). [Source: Companies House]

What This Does Not Tell Us

Companies House records document that resignations occurred but do not record the reasons for resignation. No public statements have been identified from any of the resigned directors explaining their departure. Whether these directors resigned due to concerns about the company's activities, regulatory status, business viability, or for other personal or professional reasons cannot be determined from public records alone. The factual record is that 8 out of 10 directors departed in a concentrated period, leaving only the two controlling individuals. [Source: Companies House]

Potential Witness Value

In the author's assessment, resigned directors — particularly Devinder Paul (4-day tenure) and the 31 May 2023 group — may have direct knowledge of internal company operations and the circumstances that led to their rapid departures. This assessment is clearly labeled as analysis, not established fact.

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