Investment opportunity?

le_loup

You really do seem super keen to promote this business to which you have no connection. Strange.

Ark_Welder

I was going to simply post some information about debentures (which I will still do, just for information), but it started me thinking about how this seems a more risky business model than a buy-to-let model because of the compulsion for the company to pay the interest on the debenture - even when the vehicle is not out on hire. Presumably, buy-to-let means that no income is earned/paid when the vehicle is not being used.

Given that a debenture holder could have the power to appoint a receiver in the even that interest is not received then it could have quite a negative impact upon the business - on its reputation, if nothing else.

So I thought I'd check the details of the offer again, just to make sure: but I couldn't find the motorholme name in my address bar. It turns out that the web-site in the OP is different to the MotorHolme web-site: the former is registered to an individual with an address in France, the address registered for MotorHolme is the same as is displayed on their web-site. I can't find any references to the debenture offer on MotorHolme's web-site either (http://www.motorholme.co.uk/ if anyone wants to look, just in case I have missed it). Source: http://whois.domaintools.com

Plus, I can't find a company address on the 'investment' web-site. And the freephone number is different to the one for MotorHolme too [STRIKE] - looks like it is a number for a heavy-duty drilling an sawing company.[/STRIKE]

Anyone that still has an interest in motor homes (for any reason) might do better to contact MotorHolme using the site given in this post rather than the OP.



+++

Anyway, some information about debentures:

http://www.desktoplawyer.co.uk/dtl/index.cfm?event=base:article&node=A76058BD76739


Note the sections 'Power to appoint a receiver', and more specifically 'Registration', where it states that the holder of the debenture would normally register the document with Comanies House.


[EDIT] I take it back about the phone number being a drilling company: I transposed two of the numbers when searching

JaneRichardson

le_loup wrote: »

You really do seem super keen to promote this business to which you have no connection. Strange.

I seem to have got myself involved, just 'cause I know the company - I just didn't want to see them put down too much - I'm going to leave this thread now, so talk amongst yourselves.

ktk

Thank you Ark Welder. The original info on the motor home investment 'popped-up' when I was looking for info on hiring a motorhome. It then took me some effort ot find it again to post the link. The more I read, the more dodgy it seems.

le_loup

JaneRichardson wrote: »

I seem to have got myself involved, just 'cause I know the company - I just didn't want to see them put down too much - I'm going to leave this thread now, so talk amongst yourselves.

.............. bye.

jamesd

Worth noting that I do think that this business has a future and this investment may make sense for those who are suitably wealthy. I think they are in a growth market given event and other hire opportunities. But I'd want to do a lot more due diligence from things like company reports and visiting before investing.

greenface

Agreed but also worth noting that if you buy a £35k new motorhome and it pays you 10k over 3 years . After the three years are up even the best kept campers will be worth approx 20k not the 35k stated

bobbyj_2

I think Jane Richardsons mistake was not getting registered well before promoting his company lol. Looks about a dodgy an investment as I've seen but I'm sure they'll sucker a few in. Don't forget you've left the thread Jane btw ;-)

Ark_Welder

MotorHolme has an open day on 21st January at the address given on their web-site, so anyone that does have an interest can see the operation and find out more about the scheme. But I would suggest that a copy of the legal agreements are obtained beforehand so that they can be read in comfort. Also, read up and understand what a debenture is, and how to avoid the potential pitfals.

Perhaps this is more for those that have had a greater involvment with motor home ownership in the past, or who have used them extensively for holidays: they should have a better feel for this particular market.

MoneyJuggler

Thanks for an interesting thread - in a similar vein, does something like this work better do you think, where you buy the motorhome outright and then they guarantee rental?

http://www.stingrayrv.com/Buy_Rent_Back_Your_RV_Winnebago_American_Motorhome.aspx

I'm not considering it as a) don't have the funds anyway, but b) as another poster has said, it might work for say 10 % of someones portfolio. However, thought I would post it as it might be relevant to someone else, and am just interested in peoples thoughts.

Worth a look, as some of the vehicles are amazing, and probably not really for windy back lanes in Devon!:rotfl: