Exmount Commercial Developments goes dark after lying about its Security Trustee

Exmount Commercial Developments

Exmount Commercial Developments (a trading name of Exmount Construction Limited) offered 3 and 5 year bonds paying 9.12% and 10.35% per year. I reviewed the bonds in April 2018.

According to both investors and Jade State Wealth, Exmount Construction has stopped paying interest and is failing to respond to phone calls.

Jade State Wealth had been hired by Exmount to act as Security Trustee. However, according to Jade State, Exmount failed to comply with anti-money-laundering and liquidity requirements and consequently Jade State withdrew its services in February 2018.

According to Jade State, Exmount has continued to solicit investment regardless while still telling people that the investment was overseen by Jade State. Some of them have fruitlessly contacted Jade State asking where their money is.

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Unregulated introducer shut down by Insolvency Service

Asset Backed Management Limited, an unregulated introducer which took commission of between 27.5% and 40% for promoting unregulated investments to the public, has been shut down by the Insolvency Service.

The Insolvency Service announces:

Investigators were able to establish that Asset Backed Management is not, and has never been, regulated by the FCA.
Clearly nothing gets past the Insolvency Service's investigators. Including a disclaimer at the bottom of Asset Backed Management's own website which stated "Asset backed management [sic] is not regulated by the Financial Conduct Authority. It is not authorised to offer advice on investments, whether regulated or unregulated."

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Exmount Commercial Developments – unregulated bonds paying 9.12% over 3 years and 10.35% over 5 years

Exmount Commercial Developments

Exmount Commercial Developments offers unregulated bonds paying 9.12% per year for 3 years and 10.35% per year for 5 years, paid quarterly.

The bonds can be terminated early halfway through the term (1.5 years for the 3 year bond and 2.5 years for the 5 year bond) at 45 days' notice for a nominal admin fee of £75 + VAT.

Continue reading for a review of Exmount Commercial Developments' bonds.