Shocked by the scandal of insurance company Quindell, Rob Terry offers plans for a new £ 1 billion business

Shocked by the scandal of insurance company Quindell, Rob Terry offers plans for a new £ 1 billion business
It all sparkles: Rob Terry with Mrs. Tracey

It all sparkles: Rob Terry with Mrs. Tracey

It all sparkles: Rob Terry with Mrs. Tracey

A quiet country lane near the quaint village of Wickham in rural Hampshire seems an unlikely place to start a billion-pound technology business.

This corner of the South Downs, where tranquility is disturbed only by the intermittent sound of shotgun phantoms across the sky, feels like millions of miles from Silicon Valley.

But this is where Rob Terry, the nefarious founder and former boss of the scandalous insurance company Quindell, makes a cool comeback.

The Sunday email may reveal that the 49-year-old, who is still at the center of a criminal investigation into the overthrow of the former AIM stock market favorite, has made his first investment since being overthrown by Quindell Four years ago.

His undisguised return to the same insurance market will shock his critics. He'd developed Quindell, now known as Watchstone Group, from a golf club into a £ 2 billion insurance software business in just a few years, thanks to a series of acquisitions. Only a few could explain it.

Terry had to leave the company after revealing that he had dumped shares in an opaque plan.

Not long after his departure, Quindell was discussed with celebrities to clean up the company's image, including former Tory leader Lord (Michael) Howard.

A few months later, investors were shocked when Quindell under Terry's reign had to readjust accounts for 2014 and turn profits into losses. The same day, the Serious Fraud Office confirmed its investigation. Last night, the SFO refused to comment on its ongoing investigation.

The fact that Terry has returned to the insurance market while the fraud investigation continues will infuriate the thousands of private investors who have suffered heavy losses as a result of the stock price declines. You can banish all the thoughts he has paid for the case of Quindell with a high price. At his estate in Wickham, Quob Park, the signs of Terry's wealth are everywhere.

High brick walls and an advanced security system welcome visitors and follow every step. A new black Range Rover sits in the driveway. Nearby is yet another of his ventures since leaving Quindell: a 15-hectare vineyard for sparkling wine.

On the website of his winery, where photos of Terry and Mrs. Tracey are to be seen, only one wine can be seen, which can be pre-ordered for a discount of £ 100. The Quob Park premiere cuvée Rose Millésime 2018 had "a touch of magnolia blossom", followed by a perfumed wild strawberry compote with a touch of hint [sic] Buttered white sourdough toast ".

Far from hiding in its hiding place, as others may, Terry's new insurance company, recently renamed OS3 Digital, talks to investors – presumably those who made money with Quindell before but had sold dramatically.

The OS3 website describes ambitious plans for a £ 1 billion estimate by 2022. He does not seem to be affected by the Quandell scandal, he even talks about hovering the new deal – though that would be the case in North America and not the UK. Accounts filed with Companies House last month show that OS3, formerly known as Quob Park Estate, generated sales of £ 4.2 million in 2017, an increase of 31 percent over the previous year. Hardly a company's growth is moving towards billion-pound status.

The pre-tax profit was £ 3.1 million, but that is less than the £ 3.6 million he had earned two years earlier, suggesting that the plans are at an early stage at best.

Successfully drunk: Another Rob Terry company since leaving Quindell is a 15-hectare vineyard for sparkling wine

Successfully drunk: Another Rob Terry company since leaving Quindell is a 15-hectare vineyard for sparkling wine

Drink Success: Another Rob Terry company since leaving Quindell is a 15-hectare vineyard for sparkling wine

Like Quindell, whose breathtaking stock market has astounded analysts and investors, it's not entirely clear what OS3 is doing.

Terry is a technology platform on the website that can be used by many industries. However, like Quindell, it seems to focus mainly on insurance claims.

According to its annual report, OS3 has just made its first investment in a UK joint venture under its approved Care Approved insurance brand. Terry declined to comment on the partner's identity or whether he or other potential partners or customers were informed about the ongoing fraud investigations against Quindell under his leadership.

However, the report states: "The joint venture [joint venture] will be available in the UK under the OS3 Care Approved brand and will be used to target a segment of the UK property market. "

In the report, which looks more like an investor pitch than a set of accounts, Terry says the new partner is "already established as a regulated receivables management company" and will use OS3s technology to "provide a cloud-based platform." digitally linking different elements. " the loss supply chain ".

He estimates that the deal could generate annual sales of £ 24 million and profit of £ 11 million. The figures do not appear to be audited by independent auditors. It has only 15 employees, including some former directors of Quindell.

The Care Approved website has nearly 1,300 members and appears to be a service that can take care of your insurance policies and help clients in an accident.

OS3 Care Approved is registered in a building in Toronto, Canada. Further research shows that the same business is being used by a company called Reforge, a physiotherapy and chiropractic clinic.

When the MoS called the Care Approved phone number, an automated message said that we had arrived at a company called Healkore, which appears to be a rehabilitation clinic. The MoS has learned that Care Approved has both ReForge and Healkore.

Back in Hampshire, locals in Wickham's quaint tearoom seem unaware of the notorious businessman in their midst. The vineyard of Terry is nothing special, there are already two others in the area.

The manager of the King's Head Pub said he had "no idea" that Terry lived in the area or headed Quindell, which is being investigated by the SFO. "We do not buy wine from him," he added.

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