Inc and Co funder cleaning up its loan books
The offshore funder of Manchester-based turnaround investor Inc & Co is now cleaning up its loan books and winding down any dormant entities it’s provided funds and loans to.
Approached by TheBusinessDesk for an update on the status of a logistics business it sought to appoint administrators to last week, an un-named spokesman for Inc said: “Global provides a lot of funds to the Inc group companies around the world along with other non Inc associated companies.”
Amongst the businesses that Inc has invested in and taken through an insolvency process, Global is often revealed to hold a charge over the companies.
Manchester-based digital agency Skylab, for example, entered into administration owing HMRC £651, 746, while Global was owed £468, 258 and Liverpool law firm Glenville Walker held a charge of £200,000 over the business.
Other creditors included Inc related businesses such as online laundry business Laundrapp and Chop’d, a chain of salad bars which collapsed in 2021.
Global Investments Holdings Inc holds charges over several Inc related businesses. It operates through two entities, one registered in the US state of Delaware and the other in the British Virgin Islands.
The principals of Inc are Jack Mason, who holds the title of chief executive and has directorships in several companies and Scott Dylan, who currently holds no UK directorships.
In a recent LinkedIn post Jack Mason said the current Inc brands are Baldwins Travel, Incspaces, a serviced office operator with spaces in London and Manchester, handbag company Knomo and luxury furniture brand Maker & Son.
