MBI and Northern Powerhouse Developments

13567…19

Comments

  • Finbarr123
    Finbarr123 Posts: 2 Newbie
    Just to clarify my point, I ‘have’ been receiving my payments,
    I do receive regular contact emails,
    & also receive a nicely printed 48 page quarterly review !
    The reason why I entered this thread was after reading the negativity, I expected to see a lot more
    problems that people have encountered with the Co rather than just Ashpan that started the discussion.
    I guess I’m wanting to know if there are people out there that have been ripped off / conned etc
    by this Co I have invested in, but at the same time hopping there isn’t ???
    If that makes sense !!!129335;!!!8205;!!!9794;!!!65039;
  • Danastic232
    Danastic232 Posts: 1 Newbie
    Seriously don't invest your money... the hotels are failing. They have a clue what they are doing apart from taking your money to feed their rich lifestyles.
  • dividendhero
    dividendhero Posts: 2,417 Forumite
    The "Northern Powerhouse" is a Government scheme to bleed Yorkshire & Lancashire dry in order to prop Leeds & Manchester with government handouts. It's unsustainable and I'd avoid anything that uses its name..
  • Debbin
    Debbin Posts: 4 Newbie
    After due diligence we invested in 3 rooms in different hotels with NPD & have just received our first payment. Initially I was alarmed when I came across this thread just a few days ago so I did a little more research.
    It is so easy to pull apart a great business concept. NPD has an excellent business model & the returns to investors are good but definitely affordable. The company specialises in cherry picking outstanding hotels in spectacular locations that have been cash starved & badly run. Gavin Woodehouse has built up a team of experts to turn these hotels around & way beyond. If you are thinking of investing (don't be put off by the doomsayers!) you must go & visit some of these hotels to see the before & after. They do what they say they will do on time.
    The "Wolf of Wharfdale" joke seems to have backfired a little. I hope Mr Woodehouse puts a post of himself crawling through the mud on an endurance course raising money for charity.
    There is always a risk with any investment. We are happy with ours & believe we made the right decision. Have success!!
  • Malthusian
    Malthusian Posts: 10,931 Forumite
    First Anniversary First Post Name Dropper Photogenic
    Debbin wrote: »
    After due diligence


    That makes a change. Which firm of accountants or property valuers did you retain to check that the value you paid for the hotel room was a fair price?

    It is so easy to pull apart a great business concept. NPD has an excellent business model & the returns to investors are good but definitely affordable. The company specialises in cherry picking outstanding hotels in spectacular locations that have been cash starved & badly run.
    What's outstanding about a badly run hotel? The UK is full of pretty scenery. A badly run hotel amid pretty scenery is a bad hotel.


    I hope Mr Woodehouse puts a post of himself crawling through the mud on an endurance course raising money for charity.
    I hope not. The entrance fees on Tough Mudder and its ilk could bankrupt most unregulated investment schemes by themselves.


    There is always a risk with any investment.
    The diversified regulated mainstream investments used by most retail investors do not have a material risk of total and permanent loss. Unlike unregulated hotel room investments where there is virtually no secondary market and your return of capital is entirely dependent on a small company with no track record.


    We are happy with ours & believe we made the right decision. Have success!!
    Why are investors in unregulated investments always so keen to join random forums they've never posted on before to encourage other people to put their money into the scheme?


    But thanks for the push up the Google rankings.
  • ColdIron
    ColdIron Posts: 9,016 Forumite
    First Anniversary Name Dropper Photogenic First Post
    New poster singing the praises of NPD is thanked by poster called NorthernPD with 0 posts who joined today. It's almost as if ... ;)
  • Malthusian
    Malthusian Posts: 10,931 Forumite
    First Anniversary First Post Name Dropper Photogenic
    ColdIron wrote: »
    New poster singing the praises of NPD is thanked by poster called NorthernPD with 0 posts who joined today.


    Actually NorthernPD joined in October 31 and posted on this thread - the post was then removed as they did not have permission from MSE to post in an official capacity, which is why they now have 0 posts. I believe it was the same post which was reposted by Former MSE Matt on page 1.



    I think you confused the "Last Activity" date with the "Join Date".


    But yes, very interesting that, after 8 months of posting nothing, they just happened to be viewing this thread on the very day that a first-time poster came by to trumpet the virtues of this unregulated ultra-high-risk investment.
  • ColdIron
    ColdIron Posts: 9,016 Forumite
    First Anniversary Name Dropper Photogenic First Post
    Malthusian wrote: »
    I think you confused the "Last Activity" date with the "Join Date".
    Yes, that is exactly what I did :o
  • Debbin
    Debbin Posts: 4 Newbie
    I can only reiterate that anyone considering investing should visit the hotel they are contemplating investing in. They should find out about it as much as they can. Ask locals & check on trip advisor etc etc. Check the gross income of the room & ask experts what the net income might then work out to be. That is where your annual payments will be coming from.
    Your solicitor should check the paperwork & explain to you the nature of your purchase.
    Furthermore one should visit hotels that have been turned around & those in the process of being turned around by NPD. It might be a relatively new company but it has a track record.
    I get the impression that some of the people on this thread might feel safer with a pension fund with virtually no risk. That's fine but unfounded sweeping statements are misleading & out of order.
    I will now revert to minding my own business rather than responding to the negativity on this thread.
  • Malthusian
    Malthusian Posts: 10,931 Forumite
    First Anniversary First Post Name Dropper Photogenic
    Debbin wrote: »
    I can only reiterate that anyone considering investing should visit the hotel they are contemplating investing in.
    I would rebut this point more thoroughly, but I'm only 0.1% of the way through my whistlestop tour round the world to visit the premises of every single one of the 10,000-odd companies I'm invested in via my regulated diversified index-tracking portfolio, so I don't have time.
    That is where your annual payments will be coming from.
    The annual payments are a fixed return (according to post #6) so your returns are dependent on the financial strength of the underlying company. How many guests are in the hotel and whether they're having a nice time or not is of little relevance.
    I get the impression that some of the people on this thread might feel safer with a pension fund with virtually no risk. That's fine but unfounded sweeping statements are misleading & out of order.
    Feel free to point out which statements are misleading and why instead of making sweeping statements.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

Categories

  • All Categories
  • 343.1K Banking & Borrowing
  • 250.1K Reduce Debt & Boost Income
  • 449.7K Spending & Discounts
  • 235.2K Work, Benefits & Business
  • 607.9K Mortgages, Homes & Bills
  • 173K Life & Family
  • 247.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards