CVC Group Ltd, the owner of the “Boobs on Bikes” Trademark and directed by John Malcolm Carr, an American businessman, appears to be on the brink of financial meltdown. It owns two porn companies that have gone bust – formerly directed by now banned director Steve Crow – both now in liquidation and owing hundreds of thousands of dollars to creditors and the IRD according to Liquidator’s reports. Those companies are Z4K74D Ltd (formerly Vixen Direct Ltd (In Liq) and Eden Media Ltd (In Liq). CVC Group Ltd also owns two other companies formerly directed by banned director Steve Crow – Vixen Publications Ltd and Sidefx Ltd. Both risk being struck off the Register of Companies by the Registrar of Companies, for failing to replace their banned sole director (Steve Crow), as required by law within the prescribed time period. Creditors of both companies including the IRD will have the right to apply to the appointed Liquidator to recover their debts.
CVC Group Ltd does own one other company – Eden Digital Ltd – currently directed by John Malcolm Carr, apparently a resident of San Antonio Texas and a US citizen. Eden Digital/CVC Group is a massive “porn cash cow” with US porn connections – enabling CVC Group Ltd – via Eden Digital – to run the annual New Zealand Erotica Lifestyles Expo promoted by Boobs on Bikes events fronted by Steve Crow and Miss Erotica Expo.
CVC Group Ltd owns all 150,000 shares in Eden Digital Ltd. Prior to has resignation as director of Eden Digital, Steve Crow recorded on the Companies Office website an issue of 149,900 shares by Eden Digital to CVC Group Ltd as having taken place on 31 January 2010. The online registration – dated 16 February – of this significant share issue was not accompanied by a joint director’ certificate. (At that time, prior to his banning on 16 April, Steve Crow directed Eden Digital with John M Carr).