[UPDATE 2ND May 2026] What a scam this whole sector is turning out to be. I thought Albion were bad but Octopus Investment Management is now excelling itself

Not satisfied with the dire Titan situation (see my other blog), the just released accounts of the Future Generations VCT show that not only was it loss making in 2025 but every single one of its Top 10 Investments is held in common with the Titan VCT portfolio.

Being incorporated  in November 2021 around the time of the Many Pet's Insurance fiasco means that Performance fees get reset on the commonly held portfolio. 

Fund raising going on now! Trebles all round at 33 Holborn!

No wonder everyone thinks Investment Managers are a bunch of ......


Come along to the AGMs on 9 and 18 June.

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[UPDATE 2nd May 2026]

Food for thought, and a bit of Bank Holiday homework, for fellow shareholders to be seriously concerned about, and Octopus VCT and all other FCA's Investment Managers to prepare to explain themselves.

Simply "follow the money" and comparisons to the records of Companies House.

ps BDO are the auditors to the Octopus VCTs - in the USA they are being sued for mega-millions because the First Brands executive stated they would be "less rigorous" than any other firm.  (Source FT    https://www.ft.com/content/87c0873a-cf48-4801-98f0-24cb8b53013a?syn-25a6b1a6=1 ) 

An extract of the Court record follows and the whole claim can be read or downloaded at: https://app.box.com/s/5jahyrzkmcxmvvofq8cioyx0l4ucylco or via the links on the Cuyahoga County Court Clerk of Courts records (https://cpdocket.cp.cuyahogacounty.gov/Search.aspx)

My own decades of experinence with BDO confirms that allegation. Private Helicopters for Licensed Insolvency Practitioners? - trebles all round.

BDO are and always have been "over represented" in the VCT sector. (Auditors, Independent Valuers and Liquidators of merged entities - you couldn't really invent it unless "compliant" - and the various synonyms such as accommodating and tractable - was the firm's USP).

BDO are consitently careless and negligent in the case of not only these OFG accounts but almost everything they touch - anyone remember Quantexa? Try reconciling it's latest filing with the last accounts - clue: you can't. As for their past Quantexa sins just ask ICAEW

Perhaps it explains why the OFG Directors E&O policy premium is >30% of fees paid to them (>50% in other VCTs).


Start with Pages 19-22 and 85 of the just released accounts and see where you end up.

https://octopusinvestments.com/document/download/2C507E69-0439-41B3-83FA80B72D8C2E06/octopus-future-generations-vct-annual-report-2025

Add in the Titan and other Octopus nominee and EIS disclosures in the Companies House records and then ask yourselves why the Directors of all the Octopus VCTs refuse to provide valuations for each unquoted investment listed on pages 86 and 87 of OFG and all other VCTs..

Even the grotesque Albion mob don't try that one! 


Where do we find the "Octopus" controlled figures for the below analysis? 

One guess (clue: Ringo Starr's Octopus pre-chorus lyrics)


........................................................................................

It just gets worse and worse for BDO...... no wonder they are the goto mob for VCT managers!

The description fits my personal exeprience of BDO and Stoy Hayward to a T.

 (City & Regional Securities Ltd - 25 years ago and nothing has changed with the BDO pondlife!) 










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