DEBT ALERT:  Platinum Assets and Developments Limited – Insolvent and Still Trading

Our company alert this week is regarding Platinum Assets and Developments Limited. A building development company with a registered office in Cuthbert House, Tyne and Wear. This company had owed our client £60,000 plus interest (the Debt) and costs. On 25^th October 2024 our client assigned the debt to Insolvency & Law Ltd. We are committed to recovering these funds.

Platinum Assets and Developments Limited is one of many companies owned by William Jackson. These include the brands of Platinum, Northumberland Living, Genesis, Southbrook Gas, West Chevington and more recently Aventurine Climate and Verdant Global. The older companies have experienced significant troubles with payment of interest on Loan Notes. Additionally, there have been issues with redemption at the end of the term of Loan Notes.

Not being able to pay your debts when they fall due, satisfies the definition of being insolvent. Nonetheless Platinum Assets and Developments Ltd is still trading. Furthermore, we can report that the company has 3 unsatisfied CCJ(s) at a cost of £18,918. In addition a connected company – Southbrook Gas Limited, was wound up by court order on 20.11.2024 following an HMRC petition. Another connected company, Platinum Energy Solutions Ltd, also has a winding-up order filed as of 26.04.2024.

William Jackson

The main Director and shareholder, William Jackson, is a mysterious individual. There are very limited publicly available images of him across his many websites. He prefers to hide behind his staff to do his business washing up.

Nevertheless, as Platinum Assets and Developments Ltd is evidentially insolvent, Insolvency & Law intends to litigate this debt. This can be done either by a County Court action or via insolvency proceedings i.e. a petition to wind up the company. If this company owes you money, please make contact with Insolvency & Law immediately via investigations@insolvencyandlaw.co.uk.

Lastly, if you are owed money by any company that is refusing to pay for whatever reason, and you believe the debt to be rightly due to you, please make contact with Insolvency & Law via investigations@insolvencyandlaw.co.uk to discuss your options.

Disclaimer: Insolvency & Law Ltd is not a firm of solicitors or licensed insolvency practitioners. We do not conduct any regulated legal or financial activities as defined under the Legal Services Act 2007 or the Financial Services and Markets Act 2000. We do not offer legal advice, financial advice, debt counselling, or conduct of litigation.

All blogs, podcasts, reports, and other published content by I&L are provided solely for general information and educational purposes. They should not be interpreted as a substitute for regulated or professional advice and must not be relied upon as such.

For matters that require regulated legal or financial advice, we recommend seeking guidance from an appropriately authorised and regulated professional.