Three Tuns Investment Holdings: Scam Allegations and Corporate Rebrand

Three Tuns Investment Holdings Ltd is the current primary UK operating entity in what multiple complainants describe as a network previously operating under the Corinth Group and Curatio Capital names. This page examines the rebrand, the corporate structure, and what public records reveal.

The Rebrand from Corinth to Three Tuns

Three Tuns Investment Holdings Ltd (company 14242045) was incorporated on 22 July 2022 and registered at Pluto House, 6 Vale Avenue, Tunbridge Wells TN1 1DJ [Companies House, UK, company 14242045]. The timing is significant: this was approximately three months before CySEC revoked the AIFM license of Corinth Fund Management Ltd in October 2022. Across the same period, several UK entities were renamed from “Corinth” to “Three Tuns”: Corinth Investment Holdings Ltd became Three Tuns Consulting Ltd (11952117); CCG Capital Group (UK) Ltd became Three Tuns Capital Group Ltd (11956319). Multiple complainants describe this as a deliberate rebranding to distance the network from the “Corinth” name after regulatory action and fraud reports.

The Padley-Theunissen Structure

Alec Theunissen and Michael Padley are the only directors of Three Tuns Investment Holdings Ltd. Neither is listed as a person of significant control (PSC). Instead, two intermediary companies hold the controlling interests: VMSIH Ltd (14895223, Padley’s PSC vehicle, holding 25-50%) and RJ-BAT Consulting Ltd (14889030, Theunissen’s PSC vehicle, holding 25-50%). This creates a two-layer buffer between the operating company and its ultimate controllers. Padley is also the sole director of Lothbury Financial Services Ltd (06942180), a company whose registered address at Matfield, Kent is the same village where Theunissen has historically been based [Companies House, UK].

The Mass Director Resignations

Companies House records for Three Tuns Investment Holdings Ltd show a pattern of rapid director turnover. Between its incorporation in July 2022 and mid-2023, multiple directors were appointed and then resigned in quick succession. Devinder Paul resigned after just 4 days. 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 related Cyprus entity’s license. Andries Cornelius Geldenhuys (Namibian) and Lionell Olivier (South African) also resigned during this period [Companies House, UK, company 14242045, filing history].

The SPV Network Below

Beneath Three Tuns Investment Holdings sits a network of special purpose vehicles, primarily directed by Justinas Kairys (Jurate Kairiene’s son, born January 1994). These include Venda Developments Ltd (16773461), Ilovo Paper Ltd (16772676), Kent Mikrogolf Ltd (16432311), Tswana Productions Ltd (15776398), and Copper Moon Ozcorp Ltd (15794659). All have South African-themed names despite being UK companies with no apparent South African operations. PSC control flows from the Swiss AGs through TTTIH and Three Tuns Capital Group Ltd down to these SPVs [Companies House, UK]. No operational activity has been identified for any of these companies.

Key Facts

• Incorporated July 2022 — three months before CySEC revoked Corinth's AIFM license
• Multiple UK entities renamed from 'Corinth' to 'Three Tuns' in 2022–2023
• Directors Theunissen and Padley control via intermediary PSC vehicles (VMSIH + RJ-BAT)
• 6 directors resigned between 2022–2023, including one after just 4 days
• 3 directors resigned on the same date: 31 May 2023
• 5 SPVs with South African-themed names — zero operational activity identified

Complaint Reports

People Involved

Related Entities

Related Investigations