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Southbrook Gas Generation Liquidation Update
Creditors of Southbrook Gas Generation Limited have received a progress report from the joint liquidators. The report gives a significant update on assets, investigations, creditor ranking, and related company issues. Southbrook and its parent company, Platinum Energy Solutions Limited, are in liquidation. The same joint liquidators act over both estates. Their report confirms that no…
Read MoreNorthumberland Living Loan Notes: B Share Proposal
Northumberland Living loan note investors have received an update from William Jackson about a proposed restructure of the business and loan notes. The update also mentioned a possible conversion into preferential B shares. According to the update, senior funding has been selected and is available. However, funding appears to depend on loan note holders supporting…
Read MoreAlderley Loan Notes: New Documents Raise Serious Questions
In our previous post, we covered concerns about Alderley Group loan notes. These included repayment delays, redemption extensions, winding-up petitions, and investor uncertainty. We have now reviewed further investor documents. These include materials from unregulated introducers New Capital Link and Oakmount & Partners. Read our material on New Capital Link here. Interestingly, Oakmount & Partners…
Read MoreInvestors Concerned over Alderley Group Loan Notes
Alderley Group (2019) Limited, a company that raised millions through loan notes linked to affordable housing developments, is facing growing investor concern following delayed repayments and the filing of winding-up petitions. Alderley Group loan notes were marketed as fixed-return debt products linked to affordable housing developments in northwest England. Investors are now seeking clarity regarding…
Read MoreTimeline: Robin Barrasford and Halcyon
The reported arrest of Robin Barrasford in Spain is the latest development in a long-running sequence of events involving Barrasford, Alan Bird, and Halcyon-branded companies. Barrasford, pictured above, is a former British police officer and one of the directors linked to the Halcyon Retreat scheme. According to a story published earlier this month in The…
Read MoreAshbrookes Loan Notes Update: Security, Default, and Recovery
Investors and loan note holders in the Ashbrookes Group structure have contacted Insolvency & Law, reporting delayed or missed redemption payments. Reports such as these raise questions about: Ashbrookes marketed its John Street product as a 12% fixed rate, secured-loan note. Investors were introduced to a structure built around a Sunderland development. We reviewed investor…
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