Billy Jackson Update Part 2: Companies of Interest

In our last blog on Billy Jackson, we exposed the web of enablers supporting his business operations. In this follow-up, we turn the spotlight on two companies closely tied to him, each raising serious red flags around transparency, investor risk, and possible misconduct. What emerges is not just questionable business practice, but a pattern of behaviour that demands urgent scrutiny.

Northumberland Living Alnwick Ltd: A Familiar Pattern

This company has recently come under the microscope, and with Billy Jackson’s track record, it warranted serious scrutiny. We approached it with a healthy dose of scepticism and a clear goal: to determine whether the story being sold to investors actually holds up.

The investment was promoted by New Capital Living Ltd (NCL), a firm we’ve previously reported on. One of their marketing emails claimed:

“The purchase has been agreed, and a deposit has been paid. Planning permission has been granted, with further plans awaiting approval. Planning Permission Ref 19/04800/FUL.”

Perhaps NCL was simply parroting Billy Jackson’s script. But a quick review of the documents raises immediate red flags. A little due diligence could have saved investors a lot of trouble.

What the Paperwork Tells Us

According to the Information Memorandum, the security agreement mentions Alpha Trustee Services as the trustee “until such a time that the asset is purchased by the Company.” That raises eyebrows on its own.

Meanwhile, Companies House filings show a charge registered by the seller, Moorlands, against Northumberland Living Alnwick Ltd, suggesting a conditional sale agreement with staged payments. The land sale eventually completed in April 2024 for £1.175 million.

But here is the red flag: there is no registered charge from Alpha Trustee Services to protect loan note holders on Northumberland Living Alnwick Ltd.

Instead, the supposed security appears to sit within WH2022 Ltd, one of Jackson’s other ventures operating under the name Aventurine. A charge dated 6 July 2023, in favour of Alpha Trustee Services, appears to be linked to the loan notes issued for Northumberland Living Alnwick Ltd. However, the asset pledged is not land at Alnwick, but rather a gas peaking facility that WH2022 Ltd acquired from Southbrook Gas Generation Limited, now in liquidation following a winding-up petition by HMRC.

A second charge, dated 25 September 2023, is also registered in favour of Alpha Trustee Services for the loan note holders of WH2022 Ltd. This document offers no details on what asset, if any, secures the loan notes.

Are the Assets Even There?

The situation raises a number of urgent questions. Northumberland Living Alnwick Ltd was marketed to raise £2.5 million in loan notes. WH2022 Ltd, meanwhile, was seeking £8.5 million.

Are there enough valuable assets in WH2022 Ltd to cover both sets of loans?
Which loan note holders take priority in the event of insolvency?
And what is the actual market value of the gas peaking facility?

Given Billy Jackson’s liquidity issues in other ventures, this kind of high-risk securitisation strategy is cause for serious concern. It creates confusion, weakens investor protection, and raises doubts about what security truly exists , if any.

Lack of Transparency. No Progress on Site. More Questions Than Answers.

The reality on the ground tells its own story, and it’s not a reassuring one. Recent visits to the Alnwick site show little more than inactivity. No sign of active construction. No visible development. Just delays and silence.

Combined with the tangled and opaque security structure behind the investment, this lack of visible progress raises serious concerns. Investors were promised a project in motion. What they got instead is uncertainty, stalling, and a growing list of unanswered questions.

Public Reviews: A Growing Pattern of Discontent

Investor concerns are also spilling into the public domain. Google reviews linked to Northumberland Living Alnwick Ltd include the following:

“Please don’t invest money to this company! I done it few years ago and they don’t pay my money back!!! I think it’s a scam and I plan to put public attention to this company to prevent others to lose money.”

Another reviewer writes:

“Broken promises and missed dates. The MD Billy Jackson makes promises he doesn’t keep. I’ve lost count of the number of times I’ve had to chase him. If you want delayed payments and broken promises this is the company to go for. Irene Mackenzie isn’t much better.”

This review refers to Northumberland Living, a trading name associated with Jackson’s companies. Irene Mackenzie, named as Head of Investor Relations, appears frequently in investor complaints. As the first port of call for many unhappy lenders, her role in enabling Jackson’s operations raises significant questions about accountability and personal responsibility.

A future blog will examine her role more closely.

Aventurine Climate (Trading Style of WH2022 Ltd)

WH2022 Ltd, trading as Aventurine Climate, is marketed as a renewable energy investment vehicle offering returns of up to 32 percent through a partnership with iDiverse, a company owned by Charles Green. These headline figures should immediately trigger concern. When factoring in the generous commissions paid to introducers, often up to 20 percent, the company is left with just 80 percent of the original investment. To deliver a 32 percent return to investors under those conditions, Aventurine would need to generate close to double the client’s original investment, a highly unlikely outcome in this sector.

According to broker Sovereign Resources, Aventurine has issued Loan Notes for up to 8.5 million pounds and has reportedly raised around 5 million pounds already.

Promotional materials from New Capital Link (NCL) state:

“Between July 2022 and December 2022, they have already begun securing prime locations to deploy utility-scale solar photovoltaics and onshore wind power plants.”

One of those sites is the former Southbrook Gas Generation Ltd facility, which WH2022 Ltd acquired for 1.5 million pounds in November 2022. However, Southbrook Gas Generation Ltd was wound up in February 2025 following a court petition by HMRC. That insolvency casts a shadow over Aventurine Climate’s long-term viability, especially given Southbrook’s central role in earlier Platinum-branded Loan Notes. Its collapse could severely impact returns for existing investors in Aventurine Climate.

A Hidden Risk Few Investors See: One Pot, Two Promises

WH2022 Ltd isn’t just the backbone of Aventurine Climate’s Loan Notes. It also appears to be the sole source of security for investors in Northumberland Living Alnwick Ltd. In plain terms, one struggling company is being used to prop up two separate investments.

That raises urgent and uncomfortable questions:

• Are there enough real, tangible assets to cover both sets of investors?
• If WH2022 Ltd collapses, who gets paid first, and who gets left behind?

This kind of cross-collateralisation is a red flag in any investment structure. Without clear asset registers, independent valuations, or transparency over prioritisation, investors are being asked to shoulder enormous hidden risks with no safety net.

Mixed Messaging: NCL’s Promotion

Despite these red flags, NCL continues to actively promote Aventurine Climate and Billy Jackson. In one blog post, Jackson is quoted as saying:

“Our focus remains on creating sustainable luxury developments while maintaining strong returns for our investors. The synergy between property development and renewable energy infrastructure creates a robust investment ecosystem.”

That same blog post has a surprising URL:

https://newcapitallink.co.uk/is-wh2022-limited-a-scam

We are not sure if this was intentional, but it certainly raises eyebrows.

What Should You Do Next?

At Insolvency & Law, we go beyond the marketing headlines. Our investigations uncover the corporate structures, financial histories, and regulatory flags behind individuals and companies that promote high-risk unregulated investments.

If you are considering an investment and want the full picture (not just the sales pitch), email us at:

investigations@insolvencyandlaw.co.uk

If a company owes you money and refuses to pay, and you believe your claim is valid, contact us to discuss enforcement options:

investigations@insolvencyandlaw.co.uk