Fluid ISA and Halcyon Developments?

Malthusian

Linton wrote: »

For what happened in 2016 to another company with matching directors, see:here

The link doesn't work. If you're posting a Companies House document you have to right-click the link in the filing history and click "Copy Link". These links with a gov.uk URL are permanent. The resulting links with an amazonaws.com URL instantly expire.

Linton

Malthusian wrote: »

The link doesn't work. If you're posting a Companies House document you have to right-click the link in the filing history and click "Copy Link". These links with a gov.uk URL are permanent. The resulting links with an amazonaws.com URL instantly expire.

Thanks, though it is working for me at the moment.


However here is the full gov.uk link: https://beta.companieshouse.gov.uk/company/05442662/filing-history/MzE1ODgwMTMyNGFkaXF6a2N4/document?format=pdf&download=0


And trhe latest liquidators statement: https://beta.companieshouse.gov.uk/company/05442662/filing-history/MzIyMTQyNTEyM2FkaXF6a2N4/document?format=pdf&download=0

AnotherJoe

GotNowt wrote: »

Two investment opportunities have come to light that look good:
- Fluid ISA offering 6% pa (Northern Provident Ltd)
- Halcyon Developments offering 7-8% pa
Do these present unreasonable risk?

In my view, yes due to teh history of any of these sorts of funds. Especially if they use the "guarantee" word in which case the risk level just went up one-hundredfold.

I believe they are effectively loans to fund property developments, the second ending up owing part of the Halcyon Retreat holiday development in France.

Which obviously are not rated low enough risk for a bank to lend to them. Hence they go to [STRIKE]suckers[/STRIKE] the public. Well, some do. Of course these two, unlike many similar, may well be upstanding models of financial steadfastness.

Probably not FSCS protected, but to what degree is that significant?
Alternatively, you can lose all your money in S&S, and that’s regulated. Sorry for my ignorance.

Yes, this is one of the penalties of these stupid blanket warnings that nanny state insists is put on everything makes it sound like everything is equally risky because the same bland statement is made about both and the ignorant or those looking to justify a risky action take.

Lets take an example.

• If you go BASE jumping you could fall to your death and lose your life.
• If you eat a biscuit, you could choke on it and lose your life.
• Therefore, BASE jumping is equally risky as eating a biscuit.

That is in effect your argument about investments like this vs an S&S ISA.
So to get back to your question, you certainly could lose your all money in one of these "investments". You could also lose all your money in an S&S investment. However, the former is overwhelmingly more likely than the latter unless you choose for your S&S ISA, I dont know, a fund specializing in Libyan oil companies, or a single share in one company.

The odds you'd lose all your money in a general global fund are similar to the odds you'd die eating that biscuit.

Albermarle

The Halycon 'opportunity' looks definitely off limits . However the Fluid ISA seems to be a similar offering to many other P2P/minibonds IFISA offerings linked to property , with a similar target interest rate .
So could be worth at least considering /comparing with similar offerings if you wanted a dabble in this area. Due to the potential for 100% loss any investment like this should only be for a single digit % of your total investments.

reeac

We never did get to hear which forum was singing their praises.

rr755507

Albermarle wrote: »

However the Fluid ISA seems to be a similar offering to many other P2P/minibonds IFISA offerings linked to property , with a similar target interest rate .
So could be worth at least considering /comparing with similar offerings if you wanted a dabble in this area. Due to the potential for 100% loss any investment like this should only be for a single digit % of your total investments.

No, you shouldn't be investing in them at all. These products make no sense for anybody. You would be better off taking the money to a Casino.

dunstonh

I’m unable to post web links here but did note the Fluid ISA was proposed by Northern Provident Ltd whom are licensed by the FCA to provide financial products and services.

Doesn't mean those investments are regulated and protected under the FSCS though. A firm can be regulated by the FCA and carry out no activity that requires it to be regulated. It could carry out some regulated activity but no involve unregulated stuff as well.

Unregulated investments only get FSCS protection if you buy under an advice process (such as via an IFA). And no genuine IFA is going to go near these investments.

Albermarle

No, you shouldn't be investing in them at all. These products make no sense for anybody

Although it is very much 'buyer beware' with any P2P type product, they are an alternative investment that can work well as a small part of a portfolio. Although there have been some disasters and probably more to come , most P2P investors have gained good steady returns and can protect them selves with a lot of diversification within and between the providers. If you have a diversified approach then a 100% loss would be almost impossible or even a 30% loss - so similar risk to S&S if you look at it that way .

londoninvestor

GotNowt wrote: »

the Fluid ISA was proposed by Northern Provident Ltd whom are licensed by the FCA to provide financial products and services.

Just as London Capital and Finance were!

https://www.bbc.co.uk/news/uk-england-47454328

londoninvestor

Albermarle wrote: »

Although it is very much 'buyer beware' with any P2P type product, they are an alternative investment that can work well as a small part of a portfolio. Although there have been some disasters and probably more to come , most P2P investors have gained good steady returns and can protect them selves with a lot of diversification within and between the providers.

While that's a fair statement when applied to the P2P platforms that allow you to spread your loans, lending many borrowers a small amount each - that's not the type of product that the OP is looking at here.

These are loans to a single company, so all your eggs in one basket.