Shepherd Loses Two Of His Flock

Two more ticket reseller companies connected to Terry Shepherd have been wound up in Britain’s High Court following an investigation by the Insolvency Service.

The Online Ticket Exchange and Ticketmate, which advertised tickets for pop and rock concerts, festivals and sporting events, were found to have failed to supply many of the tickets they sold and had made “gross misrepresentations” as to their ability to supply tickets.

In winding up the companies the court commented that the companies were effectively run by Shepherd, a disqualified director, and were a repetitious operation of his previous companies that had failed with a combined deficiency to their creditors of more than £7 million.

Shepherd was previously linked to a flock of online ticket companies including Xclusive, which is the subject of a Serious Fraud Office investigation. In 2008 Xclusive Leisure & Hospitality Limited and Xclusive Tickets Limited – which were formed in mid-2006 – were liquidated after selling more than $6 million worth of Beijing Olympics tickets and failing to deliver any of them.

Alan Thomas Scott, the sole director of the Xclusive companies, told a creditors’ meeting that he’d employed Shepherd – who has been barred from serving as a director of UK corporations – as a consultant because he’s the “best in the world at what he does.”

Asked whether he was fronting for others who actually controlled the Xclusive companies, Scott told the meeting: “I can’t answer that question. I can just give you an assurance that I’m not a front guy for anybody.”