Total losses expected for unsecured Signature investors

The administrators of Signature Living Hotel, the parent company of the Signature Capital investment scheme, have released their initial report.

How much the company owes to investors is difficult to pin down. Signature Capital consists of a dizzying web of 106 currently active companies controlled by Lawrence Kenwright. Although it was these subsidiaries that borrowed money from investors, a guarantee was typically given by Signature Living Hotel Ltd as the parent company.

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We review Strongbox’s construction machinery investment paying “up to 25% ROI per annum”

Strongbox logo

Strongbox uses investors’ money to buy construction equipment, which it claims to lease out to major infrastructure developers. It claims to provide “Up to 25% ROI per annum” and that “In 2018, investors who leased their equipment through Strongbox made a 24.76% return on their investment”.

Strongbox is currently being promoted to UK investors by Instagram.

Continue reading for a review of Strongbox’s construction leasing investment.

We review Quanloop’s loan investments paying interest of up to 10%

Quanloop logo

Quanloop borrows money from investors at the following rates:

  • 6.5% to invest in "low risk" loans with a loan to value (LTV) of up to 55%
  • 9.5% to invest in "medium risk" loans with an LTV of up to 85%
  • 13.9% to invest in "high risk" loans with an LTV of higher than 85% or entirely unsecured

Quanloop is currently running Facebook ads claiming "Quanloop will pay you at a far better rate than any bank has to offer".

Continue reading for a review of Quanloop's loan investments.

Accumulate Capital follows Signature playbook, threatens legal action, claims 8 x 3 is not 24

Accumulate Capital is run by an ex-alumni of Signature Capital, Paul Howells, who formerly described himself as a "Partner" at Signature. Its corporate entity was originally incorporated as EQT Capital Limited by Sarah Schofield, a director of two Signature companies. Signature Capital collapsed into administration in April.

Let's be very clear - the fact that both Accumulate's once and current owner were ex-Signature alumni does not mean that Accumulate is the same company as Signature.

One thing Accumulate and Signature do share however (apart from ex-Signature staff) is a predilection for pointless legal threats, while withholding information from their own lawyers.

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