Unsecured Creditor
The 79th Group Loan Notes- Troubling Security Trustee Issues
As The 79th Group suspends redemption and interest payments on its loan notes and ceases to respond to concerned investors, scrutiny is intensifying over the robustness of the legal protections supposedly in place. In particular, many loan note holders are now turning their attention to the Security Trustee arrangements . Their supposed safety net –…
Read MoreInsolvency Alert- DeTrafford Update
Victoria Works NW Ltd (previous name DeTrafford Victoria Gardens Ltd) Insolvent and Still Trading plus Third Party Action Update for purchasers who used Stocker & Co LLP, Versus Law and CS Conveyancing We recently reported through our Insolvency Alerts regarding Victoria Works NW Ltd, previously known as DeTrafford Victoria Gardens Ltd. You can read this…
Read MoreSteven Ross (Insolvency Practitioner at FRP) – Whose Side is He On?
In 2023, Insolvency & Law (I&L) issued a Winding Up Petition against One Collection Real Estate Ltd (OCRE) through our Debt Assignment service. For those unfamiliar with the background, OCRE was formerly known as High Street Estate Services Ltd. It was one of many companies rebranded and transferred by Gary Forrest to his daughter, Natalie…
Read MoreThe Clean Food Growing Company –New Capital Link- Blatant Fraud?
In September 2023, New Capital Link who we have reported on here and here, introduced one of our former clients to The Clean Food Growing Company Ltd (TCFGC). They also go by ‘The Clean Food Company’. This was as part of a Loan Note investment opportunity. The company was presented as a promising venture, with…
Read MoreAshbrookes Group Limited/ John Street- New Capital Link
Ashbrookes Inspired/Ashbrookes Group Limited (the trading name for Arimco Ltd) first came to our attention in 2022. We identified a Loan Note (LN) product that Castle Trust & Management Services Ltd were providing Security Trustee services for. This was allegedly distributed exclusively by Intelligent Distribution, the introducing company led by Sonali Craddock and Charles Green.…
Read MoreThe 79th Group – under investigation for “suspected widespread fraud”.
The news on Friday, February 28th, that 79th Group is under investigation for “suspected widespread fraud” will shock many investors. They placed their funds and trust in a company that now seems “too good to be true.” Although 79th Group and its subsidiaries are still trading, recent events signal trouble. Authorities have arrested four people…
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