GDS Consulting

Oggieben

My apologies if this is in the wrong category. A company I have investments in is going into liquidation and I have been contacted by GDS Consulting as they have been appointed by the company to assist in the liquidation. They are offering help with the claim process for a fee. They sound OK, but has anybody had any dealings with them, please? 
Thanks

bigadaj

What company do you have investments with?

Albermarle

I can not see that a company helping/overseeing a liquidation could be at the same time offering to help creditors/investors for a fee?

Oggieben

Thank you for your comments. The company I invested with was Quinshaw Finance.

bigadaj

Yes definite scam and your original money will have gone. A quick google throws up the reason, high risk bonds that people are led to believe are little different to fscs bank deposits but can, and do, end up with 100% capital loss.

Albermarle

No chance to get the money back. Write it off to experience as I guess you will not do it again .

csgohan4

OP how did you get to know of this company? Was it via social media ads?

ColdIron

Short thread

https://forums.moneysavingexpert.com/discussion/6053796/quinshaw

redfly

I too have been a victim of Quinshaw Finance
GDS consulting has now passed Quinshaw onto a rescue and recovery practice called Begbies Traynor   www.begbies-traynor.com.
{Text removed by Forum Team}
There is some hope

Voyager2002

redfly said:

I too have been a victim of Quinshaw Finance
GDS consulting has now passed Quinshaw onto a rescue and recovery practice called Begbies Traynor   www.begbies-traynor.com.
{Text removed by Forum Team}
There is some hope

The money is gone. A total loss. Any fees that you pay to try to make things better will also be lost.

Sometimes hope is a bad thing.

jimjames

redfly said:

There is some hope

How is there any hope?
This quote from the linked thread sums it up

Legit in what way? Yes, they offer them. yes they are a real company. However, what they offer is not a regulated retail investment. It is not a savings product and it has no FSCS protection.
Its a damned high risk unregulated investment of a type where 100% capital loss happens on all too frequent basis. The very high yield reflects the high odds of failure.