Shenton International Bonds plc has filed its accounts for the year ending December 2018.
In 2016 Shenton raised £3.5 million from investors in 2-year bonds and 4-year bonds, paying 9% and 10% interest respectively. Of the £2.4 million due for repayment in 2018, £1.7 million was rolled over into new bonds, with the remaining £700,000 returned to investments.
In addition to the rolled-over money, Shenton raised a further £1.2 million in 2018 for two year bonds repayable in May 2020. The new two-year bonds pay a higher rate of 10%, or 12% for investors who rolled over the previous two-year bonds.
Hudspiths was an unregulated forex scheme that launched in 2015 and promised returns of 5% per month, along with 2% per month to be paid to its introducers.
The scheme collapsed late last year, and in early June the company applied for a voluntary liquidation. 30 investors took the company to the High Court in an attempt to force a compulsory liquidation instead. A barrister for the investors accused Hudspiths of being a Ponzi scheme. Director Karl Lubienicki told City AM the Ponzi accusation was "not true".
High Street Commercial Finance, which has issued a series of bonds to the public via unregulated introducers, has finally filed its accounts for December 2017, nine months overdue.
High Street Commercial Finance Limited is the arm of the High Street Group which borrows money from investors.
Prime ISA Bond Co 1 Limited, the issuer of the Prime ISA bonds, has been issued with a strike-off notice by Companies House.
The strike-off notice was issued due to Prime's failure to provide updated details of who owns and controls the company.
Tempus, the luxury lifestyle magazine, has relaunched after a five-month hiatus, after being sold by collapsed unregulated investment firm MJS Capital (now Colarb).
Tempus was effectively acquired by MJS Capital in March 2017, and used extensively to sell its unregulated bonds, with frequent double-page ads in the magazine and advertorial articles about MJS Capital itself, which misleadingly described the bonds as low risk.
The September 2018 issue, ironically named a "Wealth Edition", was the last under MJS Capital's ownership. The magazine then ceased to publish for several months.
At the end of January 2019, however, Tempus published a further issue under new ownership. The contents page identifies Vantage Media Limited or Vantage Media Group as the new owners.
After London Capital & Finance recently admitted that it was insolvent and put itself into administration, bringing a three-year career of persistent misselling to an end, now seems a good time to look back upon its short life - and what the FCA did about it during that time.
July 2015: An obscure company called Sales Aid Finance (England) Limited renames itself London Capital & Finance, despite being based in Tunbridge Wells, about 20 miles away from Greater London's outskirts. This appears to have signalled the launch of its new business model.
October 2015: A member of the public asks the Moneysavingexpert forum about LCF after coming across them while Googling for "investment ideas". The forum is unanimous in advising them not to invest.
London Property Bonds (renamed LP Bonds plc), which issued bonds worth £489,000 to the public, has been issued with the second strike-off notice of its short life. It has been overdue with its accounts since May 2018 and is also overdue with its confirmation statement (details of its directors and owners).
If the company continues to fail to meet its legal duties and no objection is received to the strike-off, the company will be removed from the Companies House register in March 2019 and all its assets will be forfeited to the UK Government. The directors also risk prosecution under the Companies Act.