Harewood Associates goes into administration owing £32.7 million

Harewood Associates Logo

Harewood Associates offered unregulated investments in property from 2010 onwards. From at least 2013 the company offered unregulated loan notes, with typical rates of up to 12% per year.

Last week Harewood went into administration, with Begbies Traynor appointed as administrators. The administration is not yet visible on Companies House but has been publicly announced by Begbies Traynor.

According to Harewood Associates’ last accounts for December 2018, the company owed £32.8 million at that time. If accurate, this makes Harewood the second biggest collapse of a company issuing unregulated bonds directly to the public in 2019, beating MJS Capital‘s £20 – 30 million (though dwarfed by the £230 million of London Capital & Finance).

Harewood Associates' David and Peter Kiely
Harewood directors Peter and David Kiely in less lean times

Harewood was fronted by David and Peter Kiely and was, according to its website (now offline), highly active in the community with charitable activities funded by investors’ money.

Harewood Associates was issuing unregulated investments to the public as early as January 2013, according to a Moneysavingexpert forum thread.

In 2016 Harewood Associates claimed on their website that they did not require FCA authorisation to promote investments to the public as they were property related.

Are we FCA regulated and is investment covered by the FSCS? [sic]
No we are not FCA regulated. All our investments are property related and therefore the Law and Property Acts apply. As we only deal with our own property deals and do not sell or promote others we do not need FCA authorisation.

Selling individual properties to an investor is indeed not covered by UK securities legislation.

Selling loan notes, however, most definitely is. On the same 2016 page in which they claimed not to require FCA authorisation, Harewood confirmed that their investments were “by way of a loan note arrangement secured against a share on a fixed asset”.

It was also made clear throughout that investors were investing money on the promise of a fixed return by Harewood, and not for the variable return of an individual property investment.

If any further confirmation is needed that investors were investing in Harewood and not property, one only has to look at Harewood’s last accounts.

13934926_10210194706849082_2906018415998324028_n
Comically oversized banknotes donated to charity by comically oversized man.

Harewood’s 2018 accounts claimed the company had £4.5 million in net assets (assets minus liabilities), but made a £4.3 million loss in 2018, failing to even cover their gross cost of sales. As the accounts were unaudited, the accuracy of these figures will be uncertain until the administrators have provided further information.

 

In September 2017 the Telegraph warned investors of the risks of investing in Harewood, which at that point was offering up to 12% per year.

As early as February 2017 investors were complaining of not being paid on time, according to a complaint on Ripoff Report.

Meanwhile Harewood was merrily misleading its investors about the risks of investing in itself, with the usual wearily familiar spiels of misleading comparisons with FSCS-protected deposit rates, claiming that secured loans can’t go wrong, and claiming that past performance is a guide to the future.

The banks are paying between 2% and 3% interest on your savings.

Take action and secure a better return on your savings.

Nearly all other investments offering such an attractive return are subject to fluctuation. The fixed return option from Harewood offers a predictable level of income.

The investment is secured on increasing value assets

We have a 100% track record in generating returns for our investors. Our team have developed in excess of 2000 residential properties and we have never sold a property at a loss.

Throughout the 9-year period in which Harewood offered unregulated investments to the public, of which at least 6 years were spent promoting investments in itself without FCA authorisation, resulting in over £30 million of capital now at risk, the Financial Conduct Authority did… the usual. Not even a warning about Harewood Associates appears on the FCA register.

Exactly what caused administrators to be called in has not yet been revealed. The administrators confirm that Harewood investors cannot be paid and the prospects for recovery are not known.

We are aware that a number of fixed period investments were due to have matured on 1st June 2019. Unfortunately the Company’s insolvency means that no investments can be repaid on their due dates. We are not yet in a position to advise investors as to what monies, if any, they may recover in due course.

The administrators have asked investors not to contact them directly as they cannot cope with the volume of enquiries.

Due to the volume of enquiries being received in relation to this matter we are unfortunately unable to speak to investors individually as this would prevent us from performing our duties.

As always we’ll bring you more as and when the administrators release updates.

Advertisements

141 thoughts on “Harewood Associates goes into administration owing £32.7 million

  1. This pair of fat bastards have probably creamed off the funds into their other family run businesses such as sherwood homes and others
    They have taken me for £25,000 after saying my investment was guaranteed secure, hope the administrators find irregularities and call in the police

    Liked by 1 person

  2. Kay Kennedy (investment Manager) is as bad as those Directors and all should go to prison and personal assets seized under the law.

    Liked by 1 person

  3. Until the UK Government tie a noose around these crappy investment firms, it will keep happening to innocent members of the public. Just like the financial disaster at LCF this year, a Facebook group should be formed to go thru this together, involving the FCA, the SFO and finance experts like Paul Lewis.

    Like

  4. If you have an SPV and I have three since around 2015/2016 you are not a creditor you are a shareholder that’s what I have gleamed from this – still not sure where that leaves us – I have always updated my bad review on the web, others with Fixed rate bonds screamed how successful that was – but Harewood’s is/was a limited company – all staff were fully aware of the implications how – I told them – I sent very explicit emails to everyone of them I knew email address on – PK sold his house for just under 1m in March 2018 – yep I feel I paid all their salaries and boy would they have been large with all the chasing we investors did to get financial info – by the way I have never had any financial information about the SPV’s – did anyone! I don’t believe that any of the SPV’s made a loss that were small sites look on companies house – to build 3 houses he got £1.4m from us. The FCA was told in Oct 18 and the Action Fraud Quad too – if you are investors – log your complaint with them NOW!!!!

    Like

  5. i have reported to action fraud also, I contacted the FCA in December and was told this company was not on the radar, Had they been I may be in a happier position today.

    Liked by 1 person

  6. FCA asleep at the wheel again. The scammers know they can safely run their businesses for years, milking gullible investors, and then just let the firm go bankrupt and start all over again, without the FCA taking any action against them. It’s sad that we’ve let this country become a free playground for scammers.

    Like

  7. Surely there is a need for the investors to form an action group and not be spectators, At the very least it will keep the administrators on their toes and marshall whatever other routes may be open to us.

    Liked by 2 people

  8. I had failed to get my money out on 31/01/19.£48,400 they said cash flow problems , rich in asset but due to cash flow could not pay me on time, so i re invested the money in income bond for a further 12 months first interest due 1 june , all i got was a letter in the post by the administrators, i am gutted and think these two fat bastards who has conned us all should go to jail, surely the fca should of stepped in years ago

    Liked by 2 people

  9. Looking at the finances of Harewood assets, there is enough to return full funds to the investors and pay the huge fees of Begbies Traynor insolvency LLP services. I am confident this is the case, just as long the insolvency firm are upfront, honest and swift in their actions in liquidating Harewood assets.

    Like

  10. i was very lucky I got my money paid back in June 2018 after I got another investment going in the hands of the receiver ,but how many of you told your good friends, how good Harewood were and they invested, I told a close friend and I am gutted that I ever told him ,he has lost 40k the majority of his savings that he worked very hard to get ,without me telling him he would of never known about Harewood with getting his 8% Apart from the last two he thought things were fine with them ,I just hope they can trace a pot of gold ,

    Like

  11. Yes I did exactly the same to my stepdaughter she is gutted no there won’t be a pot of money .the two smiling fat bastards look as if they have eaten the lot all with cream

    Like

  12. I am exceptionally anxious to agree with you, but surely it is dependant upon the accuracy of unaudited accounts and the valuation of the assets. They tried to keep going so long that I would have thought that they were trading while insolvent. I’d love to agree with you. What action do you propose?

    Like

  13. Yes they should. I have arranged an appointment with my MP along with some other people who may be of use in this situation.

    Like

  14. Hi to be honest not sure where or what to do. just posted a form to the liquidation firm. I don’t know there position at the time but I’m sure they where trying ti attract business up ti the last mind so they do know there position so have properly creamed .and lined there own pockets before hand makes me wonder did they ever build any property’s or was it all a scam from start to Finnish

    Like

  15. Thank you Peter, I doubt if gutted covers the tumult of feeling we are all experiencing at the moment. Hopefully the administrators will not drag their heels.

    Like

  16. Both myself and wife felt sick to the corend last Friday when she had discovered the monthly payment had not been paid.
    I got on phone to Harewood and no reply!!!
    Looked on Google and there was the gone into administration info….
    Still getting my head around it all.
    Between us both we had a considerable amount invested..
    Not money you want to throw away.
    Let’s hope the administrators have something to return.
    Lesson I have learned from this is that I will NEVER INVEST in this type of company again.

    Fortunately I had not recommended to others to invest…

    Like

  17. Yes gutted is to soft of felling just cannot believe it to think about it I told Kay on few occasion that I felt she was not the same withholding something she replayed its just cash flow issue rich in assets??

    Like

  18. Yes but you know we all have been mid led by there secured by assets but let’s just hope there is something left? To be honest these two fat directors look very dodgy to me and had enough time to fill there own pockets if this is true then they need to be put in jail

    Like

  19. FAO William Wood. Of course yes it’s very crucial the accuracy of accounts are truthful. They will only be unaudited as of the Government not doing the books to remain the highest level of book keeping, but they will of been audited by someone qualified to do it. The risk of this person(s) lying on the accounts is a long term in prison with their name, register number and address all over the paperwork. You’re correct about the working thru impending insolvency, I felt they were when Kay Kennedy sent out more investment deals of 12% returns for 1 year investment, seemed incredibly far fetched and ludicrous. Now look what’ happened! There is no immediate action to take prior to the administrators still compiling their report findings together for the investors affected within these 8 weeks, but I would keep the news in the headlines, local and if possible push it towards the written press that will then filter into the national news. Involve your local MPs, contact HM Treasury department Head FOA Nicky Morgan MP and inform her of more FCA failings. And of course name and shame the Kiely Brothers and Kay Kennedy on social media for being outright crooks. If you look into their work history they all have form for setting up businesses and running them into the ground, clearly with money in the back pockets to set up another shoddy firm to rip us off.

    Like

  20. Hi Bluesmen007
    How do you know of Harewood finances? I was an invester and do hope you are correct in our money being returned

    Like

  21. Please please tell the FCA if you have not already – they need to investigated BIG time – The police will surely be involved. I spoke thro emails with Laura she is a lawyer in-house working for Harewoods I explained to her that how can she hold her head up way back in early 2019 – 4 years to build 3 houses with 1.4m in shares collected see companies house 0 The Hamptons – no employees or assets or liabilities just shareholders in fact the SH01 says he repaid – well I never got mine. He has open up a new company in 31/8/18 see Batham Gate Ltd 11513255 surely I mean surely this should be closed – do a check on his name and see what you get. Notice that David Keily is not mentioned much but he is a PSC – will he come out of the clouds after all died down and front the next lot!

    Liked by 1 person

  22. I have a monthly request of updates and 30 months of back and forth emails between kay kennedy and mollie Lythgoe. I’m willing to support any actions against robbing me, a serving military man.

    Liked by 1 person

  23. They will only be unaudited as of the Government not doing the books to remain the highest level of book keeping, but they will of been audited by someone qualified to do it.

    They haven’t been audited by anyone. Says so on the first page.

    The risk of this person(s) lying on the accounts is a long term in prison with their name, register number and address all over the paperwork.

    No it isn’t. The maximum sentence for lying on company accounts is two years. Even that is highly unlikely if any offence has been committed. The enforcement of white collar crimes is a joke in the UK.

    Like

  24. FAO Robert George Kattenhorn
    I have used the website “Company Check” for a few years and in especially watching Harewood Associates stock rise and fall throughout. Let me be clear that mine is an assumption on the wealth of assets currently available on Harewood’s balance sheets displayed from Dec 2018, using financial facts and figures of their business model and the type of business they were involved in ie – luxurious property estates. Without doubt the only truth will that will be conclusive is the administrators findings into this mess within 8 weeks time and determine what’s liquid and what’s illiquid. Until then we all don’t take our foot off the gas in getting this scandal out there into the public and newsroom areas, involving your local MPs, contacting the SFO (even though it’s not classed as fraud yet) get on the FCA back as remember, Harewood Associates wasn’t even on their website as a unregistered company to avoid let alone just being an investment firm on their list. There are so many of these investment businesses folding up now in 2019 it’s frightening, but this one is our fight, so lets fight it.

    Like

  25. FAO Brev
    I don’t mind you at all highlighting my previous text with the attempt to embarrass me. As you try to split the camp I will respond to you with clear fact. The term unaudited simply means “unofficial”. This is what I meant by using the Government as a way of being above board on these matters. Think on it this way, if the losses are there to be seen by administrators, so are the profits, they wouldn’t be able to conclude so quickly within 24 hours of notice of these losses wasn’t already audited by someone keeping records since 2010. It’s in-house and not an independent auditor like EY.
    Finally, I don’t know where you are getting your claims from that for financial crime you’d only get a max sentence of 2 years? The serious crimes of false accounting which follows this area of the auditing you’ve brought up carries a maximum prison of 7 years, and 6 years with discharge. 10 to 15 years with actions to defraud the business/public. Doesn’t matter if you believe me or want to shred my comments in half, I’m a victim here and I’ll defend my opinion against you and anyone else.

    Like

  26. The term unaudited simply means “unofficial”.

    No it doesn’t. It means the accounts haven’t been audited and signed off by an independent firm of accountants to check that the figures in them are true. Or failing that, to draw attention to the fact the figures cannot be verified.

    If I am “splitting the camp” by dividing it into factions of “people who understand what the accounts say” and “people who don’t” then so be it.

    It does not help Harewood creditors to have unrealistic expectations about the prospect for recovery based on a misunderstanding of what “unaudited” means. The figures in the December 2018 accounts have been entered by Harewood’s directors and have not been checked. They may be true (as of six months ago). They may not. What “unaudited” means is that only the directors know.

    Until the administrators have reported, the prospects for recovery are unknown. The standard procedure when you loan money to a firm that goes into administration is to write it off and treat any recovery as a bonus.

    The maximum sentence under s1112 of the Companies Act is two years. We were talking about the sentence for lying on the accounts. There is little point speculating about fraud and fraudulent accounting unless there is some evidence that fraud has taken place.

    Like

  27. FAO Brev
    I think you are splitting the camp. It really doesn’t bother me if you had 99 percent of the investors support on your point of view. I am here and will comment when and as I like with my thoughts and opinions. I have already said the unaudited terminology is unofficial and more likely inhouse audits. The Harewood figures are there to be found online with financial companies dating back to 2010. The accuracy is now to be determined by way of liquidation. I can’t see what you find difficult to grasp about this except looking to split the camp! The prison term guidelines are from the England and Wales Gove. UK website, All the financial criminals of Britain that’s hit the headlines and been found guilty of white collar crimes have been jailed for 10 years or more. So I’m more inclined to follow their stats than yours.

    Like

  28. look up Shawn Kiely 2011 do a Google search

    then get yourselves all fired up and do what needs to be done door not relent

    Like

  29. I have all original brochures in pristine condition

    taking website site down can’t hide a thing

    unaudited – don’t care they have still to produce true and fair view records

    spv where suppose to be regulated by solicitor never would tell us who and surprisingly the share certs were signed by – you guessed it – nil cola remember her – then kay

    Like

  30. Dec 2018 accounts state total assets less liabilities of £37.2m and total creditors (which should include all of us) of £32.7m leaving net assets of £4.5m. Assuming this was true 6 months ago and the valuation used for the assets was accurate, then there ought to be a way out of this. If, on the other hand, the assets turn out to be a bit mythical or grossly over-valued, then our position looks bleak. We won’t know more until the Administrators have had a proper “drains up” look.

    Like

  31. I have already said the unaudited terminology is unofficial and more likely inhouse audits.

    There’s nothing unofficial about the words “unaudited financial statements” on the cover page of the accounts. “Inhouse audits” = marking your own homework.

    William Wood, who started this conversation, was quite correct to point out that because the figures in Harewood’s published accounts are unaudited, they cannot be relied upon.

    Building false hope on the idea that “the December 2018 accounts, for which we have only the directors’ word, say that the company’s assets exceeded liabilities” is a recipe for disappointment.

    All the financial criminals of Britain that’s hit the headlines and been found guilty of white collar crimes have been jailed for 10 years or more.

    It would be wonderful to believe this was true, so I will not make your day worse by listing the dozens of people who have committed financial crimes and either not received any sentence beyond a director ban and financial penalties, or not faced any sanction at all. Plus, you know, libel laws.

    Like

  32. Let’s be more positive. We are grateful to Brev, and you have had your own input. Many are hurting deeply after investing sizeable amounts. We need to have a way forward- I.e. Specialist advice not from any solicitor or accountant but one who is experienced and regularly (if not exclusively) operates in this field. I don’t know if we should be doing anything in advance of the administrators report in a few weeks. Anyone out there able to offer a helpful way forward?

    Like

  33. You don’t have the capacity to give me a bad day. You really should list everything you claim though as you come off pretty sour and fake.

    Like

  34. Not had! I will continue to have my own input as a failed investor of Harewood Associates. You really don’t have to reply but if you do know that I defend my opinion.

    Like

  35. Bluesman007- All I am trying to do is ensure that this conversation does not descend into a mutual exchange of unhelpful comments (as I have seen elsewhere). We are hurting: let’s look for a solution and not waste our energies on pointless recriminations. I don’t mind and indeed welcome your contributions- all I ask is that we be respectful, courteous and constructive.

    Like

  36. to William Wood:
    I spoke to a solicitor friend (though not an investment scam specialist) who advised me to wait til the Administrator’s report is provided and, if possible, attend any creditor’s initial meeting if one is called. At that we point we should consider what steps to take, once we have seen the report. He reckoned Begbies are sound and should do a professional job.

    Like

  37. You cannot ensure conversations go the way you intend them to go. My points of view were attacked by your fellow investor yesterday and for a long while this person persisted I was wrong in everything I said. No grey areas or perhaps and maybes, just wrong! What would you do if everything you posted I entered your thread and outright claimed everything you stated was incorrect and ludicrous? Perhaps you are simply calling me out by saying what I’ve posted is unhelpful and pointless and not your friend? I have been nothing but courteous towards yourself when you’ve responded. That’s all we asked of each other, some of us are experienced investors, first timers, in the legal profession or not, we all have right to post and it’s subjective if you think it’s unhelpful or not. I don’t believe you speak for the 1400 investors who have lost their capital! He was not respectful towards me and I won’t be towards this person. You don’t like my point of view then ignore me, but I have the right to post within the structure of what’s acceptable.

    Like

  38. The Goverment, local council, local MP, banks are fully aware of this company. We informed the council 2 year ago of the scam, indeed the council helped the scam by signing off unfinished sites and did not pursue Harwood or Sherwood. The government have given loans to buy on unfinished sites knowing they would not be finished, so they are culpable in this fraud.

    Like

  39. Thanks, as I have not received anything as I have SPV’s and we have not been told anything at all.
    There is strength in numbers please don’t fight each other use it powerfully and be at each others side. UK you have to get your head around this and put it right and also look at all the others out there before it is too late!!!

    Like

  40. Although the authorities may be aware of this company and the other companies who behave despicably I still believe the effort should be made to enable the changes necessary to prevent it from continually and repeatedly happening, The only way I know how to effect that change at this time is to keep telling those authorities, government etc. how disgruntled we all are, that not enough has been done. if enough of us stand together and do the same it can change. My eyes have been opened not only by the shock of our loss and the magnitude of that but how easily it can be done, and as has already been said, how people with the position and tools to prevent it are in some cases doing the opposite, enabling it.

    Like

  41. Yes of course thank you. Hopefully you will receive news soon. I would contact Begbies Traynor regarding that particular issue and make sure you are not being left out.

    Like

  42. I did contact them all they said was I am not a creditor so won’t be on list I am a shareholder – er yes – so who do I contact then – nothing – so those with SPV’s are really in the dark at this stage – I have had mine for 4 years yep – they should have been completed within a year – well it should not take 4 years to build 3 houses – The Hamptons. Thistleton Estates. Holden Vale – by the way Holden Vale is/was being marketed as a success as late as two weeks ago on their front web page – and some on google reviews say they have been repaid – I must have got his back up big time cos they just would not communicate with me at all after about 10/12/18. If you take what they owe SPV’s into the rub – not sure if you can – but hey – the bill really does go up and up

    Like

  43. I understand, its an awful worrying time being out of the loop like that. And legally shareholders are always the last in the queue to receive their funds back. While you wait for the 1st report findings from Begbies, you can contact Citizens advice bureau purely for a free consult on your rights and expectations as a shareholder in a failed investment firm. Or do a Google search and look for comparisons to your plight with previous financial companies that went bust and see how ordinary shareholders fared? Generally it’s shareholders that are last in line in liquidation having interest in the corporation rather than the supposed secured assets. Check your shareholder agreement and see what any outcome should arise if Harewood did go bust? Are there any assurances or clad iron promises offered that you’d receive your funds back?

    Like

  44. I’m in for the Hamptons for a lot. Same since 2016.. let me know if you get any further correspondence

    Like

  45. Hi. thanks for contacting me – well I have been told that the SH01 shows he has repaid share holders everything in Hamptons – like you I have not got a penny been asking for 2 years+ noone can tell me anything – he just says he owes me nothing – I can prove went into Harewoods bank account too? – So I am awaiting the collectors I paid another fortune to – to come up with something been 3 months – he certainly knows how to delay and gets away without answering/replying just makes you want to ensure Karma comes really really early!!!!

    Like

  46. I’ve got an email trail from April 16 till Feb 18 the latest states they are reconciling the accounts and expect a letter offering exit?

    Like

  47. Has anyone seen or heard the press jump on this at all like ITV BBC. Newspapers – if you only have SPV’s you may not even be aware of them going into administration

    Like

  48. Everyone needs to do their bit in shoving this debacle under the written press’s noses on social media. The fastest form of communication able to generate the exposure needed to highlight our cause. I’ll be the first to say we don’t know at this time whether this is a scam or simply failed business venture but the press would be ready to go with the story especially in light of other collapses in the last 18 months, non bigger than London capital and finance plc with is a ponzi fraud of over £237M pounds of the public’s money gone.

    Like

  49. More than willing to arrange a meeting at the administrators. I’m down 48,000. I remember my phone call with peter where he stated he didn’t want to annoy a military man.

    Like

  50. I definitely feel your angst at what’s happening and you’ve invested just a smidge more than what I’ve currently lost. Be aware unless you already knew the administrators will charge the fund pot to their services for any type of communication towards them unless they otherwise saye so. A committee meeting will cost the investors a clear grand in paying them what they take out of the fund pot. They will be Law request the option to set up an investors committee in a few weeks after their first report findings.

    Like

  51. I spoke with my MP this morning, it would be useful if as many of us as possibly can contact theirs too. Usually you can send an email and they will respond or drop them a line.It won’t entirely solve our problem but its a positive action and aids getting the word out there. There are after all several other companies that potentially could be used exactly as this one has,

    Like

  52. Hi there – I think you had a lucky day being able to get hold of Peter – I can tell you I tried so many times – called – emailed – even got a friend to try and get hold as a new investor – would not take any calls – Laura asked me for my mobile then decided not to call ever……….a right sham of a company we all fell for – very professionally organised – but – lets see if they have covered their financial obligations to the ‘T’ as I am positive the administrators will find something or a lot of something if they haven’t – we just have what is it 6 weeks now to go

    Like

  53. Hi Pauline – I emailed Bolton MP Mr Crausby in April sent him then the Bolton News article 9th June I also copied in Doug Smith – Paul Snape – Hyra Sutton – never got any sort of a response so don’t hold your breath.
    I also emailed and offer to help administration wise the MP who sorted out same day loans – Stella – stella@workingforwalthamstow.org.uk – again absolutely nothing..I just cannot get my head around – where were all these MP’s when there – were signs! – disgraceful. So I have been doing my bit…..

    Like

  54. If you have any SPV’s you won’t hear anything – you are not on the radar – only creditors which seems like just the bond people

    Like

  55. I asked the administrators and they said they are not looking at them as we are not creditors – I asked so where do I go from here as I have some from 2015 (2) all been exited but I have not received funds – who do I contact – they just said we are only dealing with creditors not shareholders. I am just sick of it all – if this is the UK and I feel like its purgatory – what must it be like to deal in other countries!
    If you find out let us all know – as SPV’s will not know unless they look on internet!

    Like

  56. If you are a Hamptons investor I’d like to see how many are out there and what if anything has been discussed. That or I’m going to have to knock on a few doors

    Like

  57. I am Hamptons – Thistleton – Holden Vale – investor SPV’s – look at the SH01 on Hamptons call Co House to explain what it is to you – All shares in Hamptons been repaid – you and me did not get paid!

    Like

  58. The Hamptons you can find out as the shares listing on Co House for Hamptons lists us all – they will tell you where to look – if not get back to me 074 74 028029 – keep in touch

    Like

  59. I have a transaction of £49000 with a CHAPS protection receipt to harewood associates 8 March 16…. certainly would notice that popping back in any of my accounts as I would be on super tax straight away.

    Like

  60. I also produced proof that my money went into Harewoods account – still Peter K says he owes me nothing! – How does that work……My bank still shows history going back to 2016 and prior – he cannot prove he has paid me cos he has not – others have had some and they have reinvested for them into these bonds balances so how on earth are the calls going to work out for us

    Like

  61. Yes Danby do that if you can get hold of them I believe they are on holidays someware on you and me expense

    Like

  62. Hello again Peter – let your inlaws know what we are doing please she will need support – got Dannys contact details – and yours – so if any of us hears even a sniff – please do contact us

    Like

  63. well the accounts assistant is AAT qualified so she has a professional body to answer to and as I already stated Laura is a qualified lawyer – then we have his secretary and Kath – all had emails from me – so no-one can claim they know nothing – just a deaf ear as they say

    Like

  64. Yes they know full well they are drinking shampane now having a laugh talking about how stupid we have been ugly fat bastards

    Like

  65. well done – I am also ex forces – I do hope you get somewhere – the Bolton news did the article – (Harewoods also had their logo plastered all over the place cos they did ‘charity’ stuff to make themselves look so so kind and generous) – that I saw from someone I got friendly with a few months ago in Bolton – when this broke she did not know how to tell me – without that I would still be in the dark – so again best wishes

    Like

  66. I have no plan to do anything but go straight to the source with official support for a good discussion utilising my media links. This has my full attention now and I will be dealing with it and the team involved relentlessly until this is resolved.

    Like

  67. Hi EEC it can’t hurt to keep trying everything we can eh, good to hear the action people are taking. I’m trying some other routes but hitting some dead ends.

    Like

  68. they can all duck and dive – if we all keep at it – someone somewhere will sit up and take stock – if not wait till next election – I will be asking – where were you when I needed you and the UK needs a big revamp on unregulated companies like yesterday!!!!

    Like

  69. As he is a limited company so can trade how he likes by the looks of it – if they can’t find anything(!) then he can legally walk away – start again – and off we go…

    Like

  70. To one and all-
    I have emailed a barrister who specialises in this area and she would be keen to help us. She wants the “point of sale” documentation and details of the administrators. I’ll try and deal with that tomorrow.

    Like

  71. Danny maybe when you have your meeting you can mention that spv holders have not been informed of anything and that the shares are in their deveopment sites that have been finishe’d and in most cases sold and that the sites have their own company registration number

    Like

  72. Hi glad to here William that you are doing
    something these greasy bastards need shooting and still open for buissnes up to the day of liqudasion so what does that tell you ? Pete

    Like

  73. hi, dont quite know what to say as like so many others lost so much, there are no words that go deep enough for this. please everyone try not to be rude to others it does not help this awful situation.

    Like

  74. People I am in the funding business myself and to be absolutely honest, not one of these mini bonds (or junk bonds) are safe! Not one! Not half of one!

    They all suffer from two fundamental flaws.

    1. They all pay huge commissions to those who gather the investors, unseen to the investor, sometimes making a return almost impossible.

    2. The last person to be paid is the investor, after every broker, platform, fund raiser and borrower has had all their slice at the outset, the investor has to wait until the project matures.

    There is a reason why these activities are unregulated, and there is a reason why credible private lenders are so careful with their loan choices. It’s because every single transaction you could ever see or ever enter into is being completed with bond money ONLY because they cannot fund the loan in any other way. They have tried every lender. They have tried every bank, challenger bank, private bridging firm and HNW individual they or their brokers know of.

    Seriously, learn from this, pick yourself up and once and for all, accept that there are no such things as low risk high return investments. My heart goes out to fundamentally decent people I see here and in the press who have simply chosen to believe what they think are good companies offering them and their families a decent return for a low risk. Its lies, all of it!

    As for wasting time on legal people, the only winner will be them! Yes you may win, but who is going to compensate you for money that is now lost? You will however, still be required to pay the bills to the QC and solicitors you instruct. And it will eat away at you.

    Likewise peer to peer. Everyone gets paid before the investor. On day one these firms take all the interest up front, all their arrangement fees up front and all their loan management fees up front. The investor then waits up to 12 months (being drip fed from their own pre-funded interest each month) before they wait to be redeemed. If the loan goes into recoveries then everyone but the investor has already been paid!

    Lending and bond investment is TOTALLY inappropriate for ANY member of the public unless they can totally afford to lose their capital, and even then a great deal of DD must be carried out into each loan. I have seen loans against GDV many times. Who lends against GDV? Or should I say Hope Value! It’s insane, and driven again by a mix of naivety, blind trust and greed for the promised returns.

    I know I am preaching to many of the converted, and indeed this website does a great job in championing the truth, but I think every now and then, like I have written, people need to be reminded of the harsh truth of what they are getting into BEFORE they part with their cash.

    As a private bridging firm all our money comes from seasoned wealthy people who have been lending a long while and make joint decisions with us, one person one deal. Their choice, their risk. This is exactly how it should be.

    All the best.

    James

    Like

  75. hi I think it’s whether or not the business practices were all up front that most are eager to find out. being told lies – ducking and diving and well dishonest when dealing with their own investors in 6 weeks we will know. They do not have a good track record at all some say yet able to keep doing the same old thing and not a sole doing anything to help the ignorant/nieve thro this disgraceful trading platform. I never thought the UK would ever stoop so low as to take money legally from hard working people and think it’s perfectly ok cos “they should have known better” when those who trade like this know how bad a deal it is

    Like

  76. hi I think it’s whether or not the business practices were all up front that most are eager to find out. being told lies – ducking and diving and well dishonest when dealing with their own investors in 6 weeks we will know. They do not have a good track record at all some say yet able to keep doing the same old thing and not a sole doing anything to help the ignorant/nieve thro this disgraceful trading platform. I never thought the UK would ever stoop so low as to take money legally from hard working people and think it’s perfectly ok cos “they should have known better” when those who trade like this know how bad a deal it is

    Like

  77. EEC, thanks for your reply. You are still in denial. Of course you have been told lies! Seriously, you must try to stop looking for any shred of good to come from this. There is none! People have been persuaded to part with their cash in exchange for a huge commission! You honestly MUST grasp this and move on. As with any HYIP (High Yield Investment Programme) its a scam. You are holding onto something that does not exist. Forget track records, forget everything – its a con! Its a con to make you part with your cash and the sales people doing this are earning obscene amounts of money for every transaction. Reality wake up call – every £1000 you send, there is up to £250 being paid in commission. These deals can only go one way!

    Like

  78. Good evening Harewood Investors. NOTICE: There is a Investors Support Group for Harewood investors affected by the recent administration and loss of your funds now on FACEBOOK.

    It’s not a closed group currently, and anyone can join up just by liking and following the page. It’s a much easier and faster flowing forum on FACEBOOK to connect and exchange information with each other and hopefully the lure of financial experts and the press media.

    If you don’t have a FACEBOOK account, please create and open up one asap to join in. If you have an account already then please head over there now and spread and share the word.

    See link below and click/or copy paste to be taken to the FACEBOOK HAREWOOD SUPPORT GROUP

    https://www.facebook.com/Investors-Support-Group-Harewoods-Associates-Administration-401285837143587/

    Like

  79. I feel desperately sorry for anyone who has ever had any dealings with Peter Kiely.

    I can guarantee that Mr.K would think nothing of splashing over 8k every friday & saturday night in a certain private members club in central manchester while his lacky ex taxi driving chauffeur waited outside all night,telling anyone who would listen all about mr K’s immense wealth(not a very loyal and trustworthy employee then clearly!!!!!! and would often still be their as late as 7am for Mr.K and usually some very pretty ladies to dissapear back to Mr.Ks old house in Bolton!!!!.

    Sherwood Homes is next to go down i guarantee and dont be fooled by old David the current registered director of Sherwood,he is an old family friend and merely a stooge in this game along with Ailsa Soo, Gloria Hindle & others,all kld family friends amd stooges for many of Kielys companies.

    Kay kennedy..Wow when that girl started working for Mr K she was hideously unnatractive however with some tasty cash payments she upgraded her dental work and skin state into what it is today…… Still looks as fake as any promised returns though 🤣🤣🤣.

    Sadly, Peter Kiely his brother David and many other family members (Brendan,Paul,Shaun and young Harrison) all have form for thus type of thing…. it really does pay to due very indepth due dilligence when dealing with individuals like this.

    Oh and Peter Kiely also owes 3 members of staff(incidentally not on payroll but paid in cash every friday at the hq) over 3.5k.

    Their is lots more that could be said about Peter Kiely and hus other Brother Paul Kiely also bolton based (Provence group collapses google it).

    They have honed the art of thesw “scams” down to a tee although Paul Kiely wasnt quite as lucky with his house Ousel Nest as this was repossesed by creditors during his bankruptcy!!

    You should have seen his face at that time 🤣🤣🤣🤣

    I hope something can be recovered for Kielys victims in Harewood but i fear that may not be the case ultimately as they have all done this and variations of this many times before and nothing much has really happened to them although that may change with this case hopefully!!!

    Like

  80. It would seem that the directors and some others can look forward to a long prison sentence.
    If it was up to me they would just get bread and water.

    Liked by 1 person

  81. this is the most effective and true full thing I have read and I hope the administrators do their job 100% and they sll get locked the lot of the holders on- staff -acquaintances – family paid out of my investment –
    as accessories I can smell the steel its perfect and thank you for coming out you are a very good person I wish you luck and happiness for the future

    Like

  82. Helen Bradbury – please keep your information coming we need to know the scale of spending and cash dealings that went/are still going on – we have to get everything out from under the stones – and thank you

    Danny please do update us

    I am not willing or able to drop this – they are probably hoping we will all run out of steam – but this MUST not happen keep digging and bring it all to the table please

    Like

  83. SPV’s if you have NOT sent an enquiry to the Administrators you really must – the amount of money sent into Harewood’s should be accounted for no matter what it was for – or the true picture may not be seen. If you have info of any sort please think of us all and just let the administrators decide if it is fake – relevant or needs just investigating – They must answer for their trading model in the fullest sense.
    ps do not put your phone numbers on here scammers may try and contact you saying they can help? Do not be tempted.

    Liked by 1 person

  84. Is everyone aware that KAY KENNEDY has resigned from HAREWOOD ASSOCIATES and in the process of removing her name from many financial registered websites becoming more difficult to keep track of? While the main two fat cat Kiely Brothers remain at the helm of HAREWOOD and conducting affairs with our administrators, these other Ex mid management level staff like MISS KENNEDY should be allowed to slink off into the undergrowth to set up shop somewhere else while we’ve all currently lost our money. Before her information was taken down on COMPANIES HOUSE she showed she has form for doing this in business, co-working for a small investment firm attracting millions of pounds of public investment, earning huge amounts of commission before jumping ship and leaving everyone dealing with the fallout in her callous wake. She’s as guilty as anyone with her constant lies and excuses while promoting more business for fresh investment even though she was aware HAREWOOD was fatally terminal as a entity. Anyone who had business with KAY KENNEDY and the other women setting up your investments, you owe it to yourself to locate her internet footprints as this could turn into a criminal investigation of money laundering.

    Liked by 1 person

  85. Yes I am aware as again someone in Bolton has said the offices are empty – so they must have all gone – keep your eyes and ears open everyone – let us know their next step I too will keep on seeking never letting up at all until justice is done – if you have any dirt whatsoever – let us all hear of it – the Administrators will be also be gleaming as much as they can you can be assured of that – so keep it coming my colleagues in this devastating investment circle – keep it coming……
    ps it is not hard to find these people if you have a certain amount of info – they are living in the midst of it all – and would be within a certain radius of the commute!

    Like

  86. I’m currently doing my digging on her as she’s quite repulsive in her lies and greed. And have found a lot on her – that track record of her jumping in and out of failed businesses to then set up another one is something to be alarmed of. She’s a Bolton local lass about town and not a shy one at that so easy to spot once her pic gets in the press news media. There’s one thing with the offices now empty – there’s no requirement of hanger-on staff claiming administrative wages from the investment fund in staying on manning the phones, emails and website. That’s a good thing. They are rats though.

    Like

  87. Look on 192.com – I found where she lives after checking her charity work that she did for Harewoods now – she will either be selling up – getting married to change her name – or just walking around brazenly thinking she has got out of it……..we await

    I have found some interesting emails going way back – I have sent copies to the Administrators they need to see stuff – they should decide if its relevant or not – not us – so do your searching too – find stuff that they could use to get a full story – even SPV’s ….happy hunting

    Like

  88. Not thought to look there (192.com) to be honest, just going thru the financial pages finding her name and the same band of names associated with those fat Kiely creeps time and time again setting up these shoddy businesses then dissolving them after a couple of years. I’ll take a look on 192, she’s fair game now. The hunt’s on.

    Like

  89. look I have some links I can send to you all but I am just ensuring that they are kosher – so keep an eye open by end of this week – make your blood more than boil

    Please please keep digging we must get a good pattern of events I have sent my original brochures to administrators for all my SPV please do also the same as I did not invest in many – thank goodness – any emails showing deceit anything send them – it can’t hurt at all now to dish any dirt……..

    if you email me a message privately I can discuss more so more eyes and ears the better on where to look – slime slime

    Like

  90. Emma Foster MAAT – a professional body that she has to be accountable to also sending out details of investments and did calculations in the er books
    I am still digging – come on help me – please do some………….

    Like

  91. No available link I see to find a private email link to you! I didn’t know Begbies are accepting evidence from us yet? The admins will always ask what they need from us after the 1st report letter findings in 5 weeks time.

    Like

  92. They will accept anything that we want to send to them I can assure you – think we may have to go facebook to do can’t find here how to send to you as not making it public.

    Peter and Danny do you know how we do it

    Like

  93. Ok, I think we are already going as public as we dare. I also found Miss K. Her new business is open for comment.

    Like

  94. Pauline I would like to know more about that – can you go on facebook is it now closed so we can talk more openly

    Like

  95. Ok thanks, this is where KAY KENNEDY con woman has set up her next scam! Lashes By Kk Limited. EVERYONE GET ON THE REVIEW SITES AND DOWNVOTE THIS BUSINESS WARNING POTENTIAL CUSTOMERS OF HER DEFRAUDED HISTORY OF RIPPING INNOCENT PEOPLE OFF.

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s