THE EXPLORERS CLUB (SOHO) LTD
PRESS RELEASE
For immediate release - 17 October 2026
TEC Soho issues statement on receivership at 1 Greek Street.
Corporate trustee seeks clarity on enforcement, protection of charitable interests and preservation of records.
London, 13 October 2026 - The Explorers Club (Soho) Ltd (“TEC Soho”), acting as corporate trustee of The House of St Barnabas-in-Soho (“SBIS”), has received notification of the appointment of fixed-charge receivers in respect of 1 Greek Street, Soho.
In a letter dated 13 October 2026, Leonard Curtis notified TEC Soho that Mr Nick Myers and Mr Alex Cadwallader had been appointed on 12 October 2026 by ZUK Holdings UK Limited under a legal charge dated 19 February 2026.
The receivers’ letter states that they have powers to take control of the property, collect rental income and sell the property. It also requests information concerning safety, insurance, occupation, access and possible refinancing.
TEC Soho is obtaining legal advice on the appointment, the underlying financing arrangements and the implications for the property and the charity. Its position is that cooperation with the receivers should not be treated as acceptance of disputed debt calculations, alleged defaults or the validity or scope of the appointment.
It is the position of TEC Soho that it did not receive the funds purportedly loaned by ZUK Holdings UK Ltd and that these matters are for properly litigated resolution via the correct legal route. Any Assertion that ZUK Holdings UK Ltd delivered the loan to TEC Soho is false.
The notification comes against a background of disputes concerning corporate governance, financing, occupation and access to the premises. TEC Soho maintains that those matters require resolution through the appropriate legal processes. This statement does not present disputed allegations as established findings.
IMMEDIATE PRIORITIES
TEC Soho’s stated priorities are:
1) Protecting the interests of SBIS and preserving the value of assets held for charitable purposes.
2) Supporting necessary property-safety, insurance and preservation measures.
3) Establishing an accurate account of the financing, payments and liabilities.
4) Preserving relevant communications, financial records and governance documents.
5) Securing lawful access to records and safeguarding personal and third-party property.
6) Assessing available refinancing, repayment and legal options.
Mr Stephen Boxall, issuing the statement as a director of TEC Soho, said:
“Our immediate priority is to protect the charity’s interests and ensure that decisions affecting 1 Greek Street are based on accurate information and proper authority”.
“We intend to cooperate with necessary safety and preservation measures while obtaining advice on the financing and receivership position. We are also seeking to ensure that relevant records and third-party property are protected”.
“We recognise the public interest in the future of the building. We will provide verified updates where appropriate, while respecting ongoing proceedings, confidentiality and the rights of everyone involved.”
”Mitmark Security Ltd is not employed by The Explorers Club (Soho) Ltd, and those persons presenting themselves in communications with alleged honourifics should be scrutinised, especially those presenting themselves with false doctorates, and knighthoods in the United Kingdom”.
INFORMATION FOR JOURNALISTS
Journalists seeking clarification or supporting information should contact TEC Soho’s designated press contact below.
Requests will be considered individually. Any material made available will be subject to appropriate checks for confidentiality, privilege, personal information and restrictions arising from legal proceedings.
TEC Soho will not publish privileged legal advice or comment on the merits of potential criminal proceedings. No allegation of criminal wrongdoing is made in this statement.
ENDS
NOTES TO EDITORS
1) The Explorers Club (Soho) Ltd, The Explorers Club (London) Ltd and The Explorers Club, New York are distinct legal entities. This statement is issued on behalf of TEC Soho only and does not purport to speak for the other organisations.
2) The House of St Barnabas-in-Soho (“SBIS”) is the unincorporated charity. SBIS (Corporate) Ltd is a separate company and should not be confused with the charity.
3) The appointment instrument identifies TEC Soho and SBIS (Corporate) Ltd together as the borrower and relates to the property at 1 Greek Street, title number NGL800242. SBIS (Corporate) Ltd was retired as second trustee on the completion of the disposition on 12 Feb 2026, it has no lawful standing with regard of the charity SBIS.
4) The receivers’ notification does not itself constitute a court determination of the wider governance, contractual or property disputes.
5) The notification dated 13 October does not specify an agreed sale or completed disposal.
Media contact
UPDATES
21 October 2026 - Computer systems belonging to TEC Soho hacked and parts of evidential record deleted. Reported to the metropolitan police.
21 October 2026 - Confirmation that not all directors engaged or instructed Kingsley Wood casting serious doubt on the legitimacy, or legal position of The Explorers Club and their purported legal counsel.
21 October 2026 - Police notified of hacked computer systems belonging to the charity (SBIS), the traced email account is linked to the email architecture of The Explorers Club.
26 October 2026 - Charity Commission engaged to protect the charity, its assets, beneficiaries and staff.
27 October 2026 - EMM Law engaged to assess the prospect of private criminal proceedings against individulas in connection with The Explorers Club and The House of St Barnabas-in-Soho.
29 October 2026 - Charity Commission open active investigation into financial crime and cyber crime affecting St Barnabas-in-Soho.
30 October 2026 - The Londoner cover the breaking news first, article available here.
2 November 2026 - Charity Commission open an urgent statutory enquiry under Section 46 of the Act regarding The House of St Barnabas-in-Soho and protective measures sought.
Charity Commission to release formal statement.
5 November 2026 - Charity Commission press release confirms that the Section 46 enactment has taken place and the are investigating with the assistance of directors and officers of The Explorers Club (Soho) Ltd.
Press release is available here:
https://www.gov.uk/government/news/investigation-over-risk-to-multi-million-pound-charity-property