Prime ISA, which offered bonds paying some sort of interest between 5% and 7% (its literature couldn’t decide), appears to have vanished. Its website primeisa.co.uk has been replaced with a webhost error message. The company has also been overdue with its accounts since August and has now been issued with the second strike-off notice of its short life.
If the company fails to submit accounts within two months of the notice, and no objections are received, the company will be struck off the Companies House register and its assets will be forfeited to the Crown.
Prime ISA is part of the Northern Provident Financial stable of IFISA bond companies.
A benign explanation would be that Prime ISA flopped and failed to raise any funds, and its owner Daron Lee has abandoned it. If any investors know otherwise, do get in touch.
