Ledger & Simmons

Henry-Root
Henry-Root Posts: 29 Forumite
Part of the Furniture 10 Posts Combo Breaker
in Savings & investments
Martin recently recommended these people for investment but I cannot find any trace of them on his site now?


Really odd...


http://ledgerandsimmons.com/
:T If a job needs doing, do it :T
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Comments

  • dunstonh
    dunstonh Posts: 119,371 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    On what basis did he recommend them? (he surely didnt!!)

    A quick look at their website gives me four immediate concerns
    1 - it gives incorrect information about competitors
    2 - it is not regulated by the FCA (always something you should look for - its means they are not able to give investment advice lawfully)
    3 - it has a charging method that is generally frowned on due to bias.
    4 - it has a moneyweek logo on the website (and nothing ever good comes from that)
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Rollinghome
    Rollinghome Posts: 2,728 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 17 August 2015 at 5:50PM
    Henry-Root wrote: »
    Martin recently recommended these people for investment but I cannot find any trace of them on his site now?
    Really odd...
    http://ledgerandsimmons.com/
    There seems to be no proper contact details for them on their website other than an email address and a phone number. Their website is registered to DomainsByProxy.com in Arizona in order to conceal their whereabouts. The address they've given to Companies House is for a building that provides "virtual office" addresses. Their registered office address is that of yet another virtual office and mail forwarding service provider.

    I doubt Bernie Maddoff would have wanted to recommend them let alone Martin Lewis.
  • Solitude
    Solitude Posts: 90 Forumite
    Part of the Furniture Combo Breaker
    Henry-Root wrote: »
    Martin recently recommended these people for investment but I cannot find any trace of them on his site now?


    Really odd...


    http://ledgerandsimmons.com/

    Are you sure that Martin recommended them?
  • boglehead
    boglehead Posts: 168 Forumite
    Oh, and they cannot add up... Just read example 2 in their pension tax free release scam... 200k - 20k = 170k.
    Nice one Mr. financial expert!
    Total Debt
    12/2012 - £893k (mortgage and toys loans)
    11/2019 - £556k (mortgage only)
  • jimjames
    jimjames Posts: 18,541 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Henry-Root wrote: »
    Martin recently recommended these people for investment but I cannot find any trace of them on his site now?


    Really odd...


    http://ledgerandsimmons.com/

    Martin?
    You mean Martin the bloke down the pub? Or Martin the bloke that cold called you offering pension advice?


    I can't believe for one moment it was Martin Lewis, founder of MSE as the site is unable to give regulated advice and even if they did, it wouldn't be for a scam looking company.
    Remember the saying: if it looks too good to be true it almost certainly is.
  • theGrinch
    theGrinch Posts: 3,133 Forumite
    Part of the Furniture 1,000 Posts
    edited 18 August 2015 at 1:07PM
    besides Martin isnt qualified to recommend anything of the sort
    "enough is a feast"...old Buddist proverb
  • Reaper
    Reaper Posts: 7,352 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Both the company and the web site were only created in January, yet in that short time that have had 3 different registered addresses.
    https://beta.companieshouse.gov.uk/company/OC397393/filing-history
    That doesn't inspire confidence they will be around tomorrow.

    As said previously there is no way Martin recommended them. If you got a letter pretending to be from MSE it is a scam. If you are convinced you saw it on the MSE web site in the past then visit the web archive and check, but I don't think you will find it:
    https://web.archive.org/web/*/moneysavingexpert.com
  • Reaper
    Reaper Posts: 7,352 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    dunstonh wrote: »
    it has a moneyweek logo on the website (and nothing ever good comes from that)
    :rotfl: So true
  • Henry-Root
    Henry-Root Posts: 29 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Very entertaining replies which confirm my feelings.
    Well done pat yourselves on the back.
    :T If a job needs doing, do it :T
  • Former_MSE_Guy
    Former_MSE_Guy Posts: 1,650 Forumite
    I've been Money Tipped! Newshound! Chutzpah Haggler
    Hi all,
    Having seen this thread, just to say we've never even heard of this company let alone 'recommended' it.

    Hope that clears up the confusion.
    Thanks
    Guy
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