We review Concept Capital’s investment paying 10% per year

Concept Capital logo

Concept Capital offers an unregulated investment in pre-fab "static homes" paying a "guaranteed" 10% per year.

Investors invest their money to Concept Capital in units of £39,999 (although the website suggests that the minimum investment is £20,000), which is used to buy a static home to be rented to low-income government-supported tenants. Concept Capital "guarantees" to pay the investor 10% per year. Investors' money is tied up for two years, after which Concept Capital undertakes to buy the static home back from them.

Continue reading for a review of Concept Capital's investment.

Blackmore Bond investors facing total losses

Blackmore logo 2019

The latest update from the Blackmore Bond administrators reveals that investors may be facing total or near-total losses.

Potential gross recoveries have been revised from £5 million down to less than £1 million, due to the difficulty of selling properties / building sites as a forced seller during the pandemic, and the fact that Blackmore borrowed money from expensive short-term lenders whose security over the properties outranks the bondholders.

With the administrators' costs and legal costs already standing at over £1 million, which also stand ahead of Blackmore's ordinary investors in the queue, this means bondholders are facing total losses.

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Fluid Trust plc (Fluid ISA) subject to strike-off notice

Fluid ISA logo

Fluid Trust plc has been issued with a strike-off notice by Companies House after failing to file up to date annual accounts since September 2020.

Unless the company files its accounts, or a creditor or other third party successfully objects to the striking-off, Fluid Trust plc will be removed from the register and all its assets will become legally property of the Government (though this can be reversed).

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We review Next Gen Solicitor’s bonds paying 8% over 12 months

Next Gen Solicitors logo

Next Gen Solicitors offers an unregulated investment in litigation financing paying interest of 8% per year for an investment of 12 months.

Unregulated third-party introducers promoting Next Gen Solicitors claim that its investment is "pandemic and recession proof" and "investor capital is 100% covered under the ATE [After The Event] Insurance policy".

Continue reading for a review of Next Gen Solicitors' loan note.