Co-conspirators are well aware with the business model of the Good Law Project, which gets their loyal, wealthy and deluded supporters to stump up hundreds of thousands for no-hope cases, only to refuse refunds when they lose or judges throw the case out. Last month their 2021-22 annual report painted a picture of financial jeopardy, warning their “legal defence fund” will run out if their spate of losses continues:
“In summary, we have estimated potential net liabilities of £3.2 million across our litigation portfolio against our Legal Defence Fund of £2.0 million.”
Last week, however, the GLP submitted their accounts to Companies House, spelling out quite a different fiscal picture. For the year ending 31 January 2022*, the project was sat on nearly £5.5 million of cash reserves, with net assets of over £4 million. Up almost three times 2021’s £1.43 million figure:
If the Good Law Project is genuinely concerned about quality governance, rather than just acting as a cash cow, perhaps they should put their own ample money where their mouth is next time they launch legal action against the government…
*To be fair to Jolyon, he has endured a substantial number of losses since this date.