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  • FIRST POST
    • softlane
    • By softlane 19th May 16, 8:52 AM
    • 5Posts
    • 8Thanks
    softlane
    Charles Cunningham, Andrew Camilleri, Viewpoint Salford, Fresh Start Living,
    • #1
    • 19th May 16, 8:52 AM
    Charles Cunningham, Andrew Camilleri, Viewpoint Salford, Fresh Start Living, 19th May 16 at 8:52 AM
    Fresh Start, Empirical Property Group: Not Quite The Robin Hood of Property Investment


    When it comes to investing, you’d think you could trust a former Eton contemporary of Prince William. Especially one with the aim of renovating old properties and renting them out as affordable homes. And, when the CEO of the company claims it is “one of the only safe investments available”, your ears might !!!!! up a little further. And the 9% annual return and phenomenal growth promised is also likely to push you to make an investment.

    The paragraph above describes Fresh Start and Empirical Property Group, a company run by Charles Cunningham and Andrew Camilleri. In 2013, Fresh Start was served a winding-up petition in Nottingham over a scheme that then had five unpaid county court judgements against it, totalling £31,400.

    Across the country, Fresh Start and its parent, Empirical Property Group, left a trail of half-baked and half-finished developments. Those that were completed were plagued by breaches of safety standards and poor finishes.

    Investors had been lured into student accommodation schemes, and paid millions in deposits to secure a foothold. Many schemes never even got off the ground, and at least one was sold to investors without Fresh Start owning a single brick of the property to be refurbished!
    At other buildings, work was completed and rooms rented out to students – then Fresh Start kept all the rental income. Fresh Start was finally wound up in December 2013.

    I indirectly lost £200k to Fresh Start by having to pay back investors and court costs. In the end, we won the case but the company had no assets!

    Except, magically, about £18 million appeared in the accounts of the parent company, Empirical Property Group. Where did it come from??? We will probably never know.

    Fraudsters are able to use the Companies Act to siphon off money from one company to another. Of course, without detailed accounts and access to their bank it very hard to prove anything and it seems the authorities have bought their story and excuses.

    Ponzi scheme, Scam or Bad Business Model? I'll let you decide.

    1,000
    – the number of units sold
 by Fresh Start
    Unknown
    – the exact amount 
lost by investors in to 
the Fresh Start ‘opportunities’
    – by Brett Alegre-Wood : How to Avoid Property Fraud, a Ponzi Scheme, Scam or Bad Business Model
    The 12 Warning Signs That Will Help You Avoid Being A Victim
    Author of the 2010 Peoples Book Prize winning The 3+1 Plan
    Last edited by softlane; 19-05-2016 at 9:44 AM.
Page 2
    • allyhall
    • By allyhall 15th Nov 16, 1:19 PM
    • 20 Posts
    • 19 Thanks
    allyhall
    Viewpoint Salford, Fresh Start Living, Prime Noble Properties Ltd

    Investors are already losing money and not a brick has yet been laid.


    FSL PROPERTIES FORD LANE LIMITED

    England and Wales Orders & Judgments
    FSL PROPERTIES FORD LANE LTD
    COUNTY COURT MONEY CLAIMS CENTRE
    A84YJ337
    £41,156
    Unsatisfied Judgment
    7 EMPRESS STREET, OLD TRAFFORD, MANCHESTER, M16 9EN
    FSL PROPERTIES FORD LANE LIMITED
    NORTHAMPTON CCBC 3QG77384
    £897
    Unsatisfied Judgment
    7 EMPRESS STREET, OLD TRAFFORD, MANCHESTER, M16 9EN
    FSL PROPERTIES FORD LANE LIMITED
    NORTHAMPTON CCBC
    3QZ47980
    £5,123
    Unsatisfied Judgment
    EMPRESS MILL, 7 EMPRESS STREET, OLD TRAFFORD, MANCHESTER, M16 9EN

    Petitions to Wind Up (Companies)
    In the Manchester County Court

    No 2685 of 2016

    In the Matter of FSL PROPERTIES FORD LANE LIMITED

    (Company Number 07707345)

    and in the Matter of the Insolvency Act 1986

    A Petition to wind up the above-named Company FSL Properties Ford Lane Limited of 7 Empress Street, Old Trafford, Manchester M16 9EN was presented on 27 July 2016. The Petition was presented by MR ADITYA CHOWDHURY of 3 Balmoral Close, Pontefract, WF8 4LF (the Petitioner), claiming to be a Creditor of the Company.

    The Petitioner’s solicitors are Jordans Solicitors, 18 King Street, Wakefield, WF1 2SQ. Ref SL/LB/65441.2
    • Pollycat
    • By Pollycat 16th Nov 16, 8:35 AM
    • 16,637 Posts
    • 41,751 Thanks
    Pollycat

    Investors are already losing money and not a brick has yet been laid.

    Originally posted by allyhall
    allyhall
    virtually the same information was posted by softlane on 9th November on this thread using exactly the same terminology highlighted :
    http://forums.moneysavingexpert.com/showthread.php?p=71586831#post71586831
    Investors are already losing money and not a brick has yet been laid.
    Originally posted by softlane
    Last edited by Pollycat; 16-11-2016 at 9:15 AM.
    • softlane
    • By softlane 16th Nov 16, 9:07 AM
    • 5 Posts
    • 8 Thanks
    softlane
    There was no mention of the petition to have the company wound up. I did not know about this.
    • mostonanne
    • By mostonanne 17th Nov 16, 10:08 AM
    • 21 Posts
    • 36 Thanks
    mostonanne
    DS7 Manchester, DS7 Ltd, DS7 Limited, Absolute Living Developments, Louise Brittain
    Investigation continues into collapse of Bradford flats developer as number of people alleging deception grows


    http://www.thetelegraphandargus.co.uk/news/14908996.Investigation_into_developer__39_s_collap se_continues_as_number_of_people_alleging_deceptio n_grows/
    • softlane
    • By softlane 13th Dec 16, 11:48 AM
    • 5 Posts
    • 8 Thanks
    softlane
    Viewpoint Salford Ford Lane Manchester
    No action over ad claiming flats were 'waterfront' - when they weren't

    The latest round of complaints made to the Advertising Standards Authority against property firms’ ads have once again ended only with ‘informal resolution’ of the cases.

    One was against property investment company Aspen Woolf which advertised the Viewpoint apartments in Salford on its website with a claim ‘Stunning Waterfront Location’ when in fact the scheme was not on the waterfront.

    “We contacted the advertiser who corrected the heading used on their webpage” says a spokeswoman for the ASA.

    In a statement, Aspen Woolf said: “The landing page in question was just a simple mistake that was not picked up when proofing the page. The copy ‘Stunning Waterfront Location’ was part of the page template and not removed before the landing page went live. We removed the line as soon as it was brought to our attention as we never want to mislead valued clients.”
    • Pollycat
    • By Pollycat 14th Dec 16, 8:35 AM
    • 16,637 Posts
    • 41,751 Thanks
    Pollycat
    No action over ad claiming flats were 'waterfront' - when they weren't

    The latest round of complaints made to the Advertising Standards Authority against property firms’ ads have once again ended only with ‘informal resolution’ of the cases.

    One was against property investment company Aspen Woolf which advertised the Viewpoint apartments in Salford on its website with a claim ‘Stunning Waterfront Location’ when in fact the scheme was not on the waterfront.

    “We contacted the advertiser who corrected the heading used on their webpage” says a spokeswoman for the ASA.

    In a statement, Aspen Woolf said: “The landing page in question was just a simple mistake that was not picked up when proofing the page. The copy ‘Stunning Waterfront Location’ was part of the page template and not removed before the landing page went live. We removed the line as soon as it was brought to our attention as we never want to mislead valued clients.”
    Originally posted by softlane
    What action do you think the ASA should have taken?

    What more would you want Aspen Woolf to do?
    They've responded to the complaint and rectified the error.
    • softlane
    • By softlane 15th Dec 16, 8:15 AM
    • 5 Posts
    • 8 Thanks
    softlane
    They should have removed the claim when it was pointed out to them over 4 months ago.
    • Pollycat
    • By Pollycat 15th Dec 16, 8:35 AM
    • 16,637 Posts
    • 41,751 Thanks
    Pollycat
    They should have removed the claim when it was pointed out to them over 4 months ago.
    Originally posted by softlane
    If you're not happy with the length of time it took to deal with your complaint, maybe take it further:
    https://www.asa.org.uk/News-resources/FAQs/Dealing-with-complaints-FAQs.aspx#how%20do%20i%20complain%20about%20a%20de cision
    How do I complain about the ASA or a decision the ASA has made?

    If you are the advertiser or complainant in a case and you disagree with the ASA’s decision you may be able to request a review of an ASA Council decision. Both sides have 21 days from when they were informed of the ASA Council decision to ask the Independent Reviewer of ASA Adjudications to review the case. But you must be able to establish that a substantial flaw of process or adjudication is apparent, or show that additional relevant evidence is available. If the Independent Reviewer accepts a request for a review he can ask the ASA Council to reconsider its ruling. More information about the Independent Review procedure can be found here.
    We aim to provide advertisers and consumers with a consistently high standard of service. We understand that, on some occasions, you may not be happy with the service you have received and we would like you to tell us why. If you wish to make a complaint about the way the ASA has handled your complaint, please read more here.

    If you wish to complain about the ASA in relation to its role regulating TV or radio advertising, you may contact Ofcom.
    The ASA is not formally overseen by a particular Government department, but if you wish to complain about advertising regulation in general, and you feel that we cannot be of assistance, then you may wish to write to your local MP.
    • mostonanne
    • By mostonanne 15th Dec 16, 1:53 PM
    • 21 Posts
    • 36 Thanks
    mostonanne
    Viewpoint Salford, Absolute Living Developments, Fresh Start Living
    Rotherham Development linked to Dubious Investment Schemes

    Work is slow on a housing development in Rotherham town centre with development companies wound up and even linked to protests in Hong Kong by worried investors.

    Revised plans to convert the historic Howard Building into self-contained studios and apartments were approved by the planning board at Rotherham Council in 2015.

    The prominent former college building was sold prior to going to auction after it was advertised as a development opportunity and given a guide price of £250,000 by local auctioneers, Mark Jenkinson & son.

    With little evidence of the conversion into twelve, one bed apartments and 60 studio apartments at "Howard Residencies", applicants, AVRO Developments headed into insolvency, with Rotherham Council leading the petition in 2015 to have the company wound up.

    Financial documents link AVRO Developments to DS7 Limited which has acted as a lender to Absolute Living Developments, Fresh Start Living and Empirical Property, all highlighted in the media as leaving buy-to-let investors out of pocket.

    Similar schemes in Manchester, Bradford and across the North of England were sold off plan to investors with the promise of decent returns, but the work was never completed and companies were wound up and projects moved on in complex deals. In some cases where some work was carried out, tenants were left with exposed electrical wires, a leaking roof, an illegal gas connection, a car park strewn with contaminated waste and an open sewer pipe.

    The Telegraph & Argus reported this year that police in Hong Kong are conducting an international investigation into Liverpool-based Absolute Living Developments, which had been part-way through three apartment projects in Bradford when it was placed in compulsory liquidation. Overseas investors fear they have lost their money paid in deposits.

    Howard Residencies is currently being offered as an investment opportunity by Crown Union (located at a virtual office in London and shares directors with companies linked to the Howard Building and DS7 Limited). It is offered as an "Ideal purchase for investors looking at UK Buy To Let's as a way of getting onto the first rung of the property investment ladder. From dynamic apartment layouts to classic period façade and stonework surrounds, this redevelopment brings together Rotherham past and present to create a truly unique place to live for post-graduates, young professionals & key workers."

    Starter pads and 1 bed apartments are being offered at £49,950 and £69,950 with an 8% ROI per annum.

    http://www.mirror.co.uk/news/uk-news/freshstart-living-shut-down-high-2919959

    http://www.thetelegraphandargus.co.uk/news/14908996.Investigation_into_developer__39_s_collap %20%20se_continues_as_number_of_people_alleging_de ceptio%20%20n_grows/

    http://www.thestandard.com.hk/section-news.php?id=170660

    http://dmh.plcdn.com/wp-content/uploads/2016/01/dmh_howard_web.pdf


    Crown Union website

    http://www.crown-union.com/item/howard-residences/

    by Tom Austen http://www.rothbiz.co.uk/
    Last edited by mostonanne; 15-12-2016 at 1:56 PM.
    • off to market
    • By off to market 16th Mar 17, 9:28 PM
    • 48 Posts
    • 49 Thanks
    off to market
    Angelgate Manchester Pinnacle Alliance
    Two years ago £30m of flats were sold at this site, now police are investigating

    http://www.manchestereveningnews.co.uk/news/greater-manchester-news/two-years-ago-30m-flats-12752872#ICID=ios_MENNewsApp_AppShare_Click_Email
    • off to market
    • By off to market 16th Mar 17, 9:35 PM
    • 48 Posts
    • 49 Thanks
    off to market
    Two years ago £30m of flats were sold at Angelgate Manchester: Pinnacle Alliance
    Discussion forum for the investors in the Angelgate project in Manchester UK. The project was planned for completion in Feb 2016 but construction progress is almost none. Pinnacle has communicated that they will want more money from the buyers or refund initial payment when they sell the units at higher prices. For Hong Kong buyers, please contact: christyangelgate@gmail.com All other, UK, Europe, Middle East etc, please contact: angelgateukgroup@gmail.com


    http://angelgate-pinnacle.blogspot.com/2016/07/pinnacle-disaster.html
    Last edited by off to market; 17-03-2017 at 7:04 AM.
    • Pollycat
    • By Pollycat 16th Mar 17, 10:00 PM
    • 16,637 Posts
    • 41,751 Thanks
    Pollycat
    Originally posted by off to market
    Originally posted by off to market
    Are these identical posts?
    If so...... why?
    • allyhall
    • By allyhall 9th Apr 17, 4:02 PM
    • 20 Posts
    • 19 Thanks
    allyhall
    Charity conman linked to £30m property development at centre of police fraud probe
    http://www.dailyrecord.co.uk/news/scottish-news/charity-conman-linked-police-fraud-10187112
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