The recent collapse of High Street Group and its security trustee, Castle Trust Management and Services, prompts a closer examination of regulatory practices. Along with the importance of due diligence procedures. With the director of High Street Group, Gary Forrest, ordered bankrupt for liabilities totaling tens of millions of pounds. Castle Trust’s director, Steve Knight, is likely to follow suit. It could be argued the integrity of these individuals should have come under intense scrutiny. GFSC Thresholds Castle Trust, despite being primarily engaged in business operations in England, was r ..read more

The recent financial collapse of multiple DeTrafford property development companies has significantly impacted purchasers. As they navigate the consequences, a glimmer of hope arises as the wheels of the third- party action is firmly in motion. Read our previous articles here and here for the history of this case. The Rise and Fall of DeTrafford: Over the past couple of years, DeTrafford has experienced a string of issues. These have left the future of the developments in administration, and remaining trading companies, hanging in the balance. The troubles began with the news that the proposed ..read more

Northumberland Living, In West Chevington Farm, Druridge Bay, is a development poised for completion. Only to be stalled by an apparent unforeseen historical conveyancing issue. The repercussions extend beyond construction delays, with disgruntled purchasers raising concerns about alleged delayed interest payments. This scenario, unfortunately, mirrors another development: Ashbrookes. They also use Castle Trust Management and Services as a trustee, helmed by Director William Jackson and co-Director Tony Hughes. Issues at Northumberland Living: Northumberland Living, spearheaded by William Jac ..read more

Two luxury housing developments in Liverpool have faced major setbacks, leaving purchasers in despair and dreams of new homes shattered. St Anne’s Street Limited and Chaloner Street Developments, both spearheaded by Liverpool businessman Robert Taylor, are under scrutiny as promises reportedly remain unfulfilled. St Anne’s Street Limited: St Anne’s Street Limited, a project backed by ex-Premier League footballer Robbie Fowler, was set to elevate the edge of Liverpool City Centre with 325 new homes. However, the reality is starkly different, as pictures circulating in the press portray the sit ..read more

Dealing with unpaid debts is never a pleasant situation, but sometimes it becomes necessary to seek recourse to resolve these matters. One such avenue available in the UK is the County Court Judgement, which enables individuals or businesses to demand payment of outstanding debts from others through the judicial system. Governed by Part 7 of the Ministry of Justice’s Civil Procedure Rules, this process involves several steps and considerations. Before initiating a County Court Judgement, it’s crucial for the claimant to serve the debtor with a pre- action letter. This formal notice serves as ..read more

We can reveal today that the Co-op bank, the bank in which we use for our business account, has been holding and denying us of our company funds for more than 70 days, for entirely baseless reasons. On the 3rd October 2023, we were given formal notification of the withdrawal of our account facilities with The Co-operative Bank p.l.c. We were then told we have 60 days from the date of the letter to make alternative banking arrangements. The letter proceeded to say that “After the 03/12/2023 you will no longer have the right to use the accounts.”  Today is the 15/12/2023 and the account is ..read more

The challenge continues as Carrie Ann James seemingly attempts to put roadblocks in front of us and Loan Notes Holders quest for justice. We refer you to our first article on this matter as we provide you with an update since then. Despite James initially proposing a Norwich Pharmacal Order and promising to remain neutral about disclosing documents to I&L, the legal journey continues after the Norwich Pharmacal Order application, which was eventually consented to by Carrie Ann James before an agreement before the court hearing. She continues to ask for unjustifiably high fees for docume ..read more

Beech Holdings (Manchester) Ltd (now called Manchester Property Developments Holdings Ltd) is a company self-described as a prominent residential developer and operator with a rich 20-year history in the field. Stephen Jonathan Beech holds the position of Director and is the sole shareholder. An issue has arisen concerning Loan Note Holders who entrusted their investments with Beech Holdings as far back as 2015. To their dismay, these investors have yet to receive any interest payments or redemptions on their investments. The situation escalated in 2021 when a special resolution was passed, e ..read more

Purchasing off-plan property can be an enticing prospect, offering a chance to secure a future property at potentially lower prices and reap wonderful returns. However, the journey from promise to possession is often riddled with uncertainties, leaving buyers grappling with challenges like delayed constructions, unmet expectations, and the looming threat of losing their deposits. When you invest in an off-plan property, you’re essentially buying a concept—a property that exists only on paper or digitally. The allure lies in securing a property at a price potentially lower than market value, w ..read more

You may have heard the term “debt assignment” tossed around in the world of finance, but what does it really mean? Simply put, debt assignment is when a lender passes on your debt to someone else, typically a third party. This third party then takes over the responsibility of collecting what you owe. It might sound like a simple swap, but there are some important things you should know about how it works and how it can impact you. Debt Assignment Notice First things first, if your debt is assigned to someone else, you should receive a notice. This notice tells you that your debt is now in so ..read more