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  • FIRST POST
    • ashpan
    • By ashpan 13th Sep 17, 6:49 PM
    • 121Posts
    • 16Thanks
    ashpan
    MBI and Northern Powerhouse Developments
    • #1
    • 13th Sep 17, 6:49 PM
    MBI and Northern Powerhouse Developments 13th Sep 17 at 6:49 PM
    i invested in a care home development company a couple of years ago, then known as MBI Property Investments, but now known as Northern Powerhouse Developments. I Purchased a room in an off-plan care home with the idea of a return on my investment commencing in december 2019. They have recently written to me saying that the company has now been split into 3, with the care home i was investing in being transferred to a leisure company that speciaised in selling hotel rooms. They have told me that they plan to sell the care home i invested in as soon as its built as the new CQC guidelines mean that the size of the rooms wont make it financially viable. I have three choices currently, transfer my investment to a hotel room in the next 4 weeks and they will add another 10k to the investment and i will get my returns 12 months early, leave the money in the off plan care home or sell my room in the hotel once ive purchased it. Im pretty confused and disappointed with the whole situation as how do i know that they wont again change things when the time comes to realise my investment. I need to know if i can get out of this as they havent kept their side of the deal ie by constructing a care home and having my room up and running to be able to offer me a return on my investment.
    Has anyone else invested in either MBI or Northern Powerhouse Developments ?
    Last edited by ashpan; 13-09-2017 at 6:54 PM. Reason: spelling
Page 2
    • Braveknights
    • By Braveknights 22nd Feb 18, 2:57 AM
    • 2 Posts
    • 1 Thanks
    Braveknights
    Hello all,
    I too am a Hotel room investor in NPD, so read all the above & took note.
    So apart from Ashpan who started the thread & other similar investors who!!!8217;s !!!8216;Deal!!!8217; has changed,
    Is there anyone out there that Hasnt received their % income payments ?, or indeed its dried up !
    My inbox always seem to have its fair share from agents promoting this product, but now I haven!!!8217;t
    seen literally anything with regards to investing in NPD !
    (Apart from their own in-house advertising team !)
    Originally posted by Finbarr123
    Hi - have you invested with NPD and is your experience satisfactory?
    • Finbarr123
    • By Finbarr123 22nd Feb 18, 6:29 PM
    • 2 Posts
    • 0 Thanks
    Finbarr123
    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
    • By Danastic232 3rd May 18, 8:14 PM
    • 1 Posts
    • 1 Thanks
    Danastic232
    Get out
    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
    • By dividendhero 4th May 18, 8:07 AM
    • 281 Posts
    • 295 Thanks
    dividendhero
    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
    • By Debbin 14th May 18, 3:10 PM
    • 2 Posts
    • 1 Thanks
    Debbin
    Investing in NPD
    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
    • By Malthusian 14th May 18, 4:23 PM
    • 4,908 Posts
    • 7,906 Thanks
    Malthusian
    After due diligence
    Originally posted by Debbin

    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
    • By ColdIron 14th May 18, 4:27 PM
    • 4,812 Posts
    • 6,326 Thanks
    ColdIron
    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
    • By Malthusian 14th May 18, 5:43 PM
    • 4,908 Posts
    • 7,906 Thanks
    Malthusian
    New poster singing the praises of NPD is thanked by poster called NorthernPD with 0 posts who joined today.
    Originally posted by ColdIron

    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
    • By ColdIron 14th May 18, 5:48 PM
    • 4,812 Posts
    • 6,326 Thanks
    ColdIron
    I think you confused the "Last Activity" date with the "Join Date".
    Originally posted by Malthusian
    Yes, that is exactly what I did
    • Debbin
    • By Debbin 15th May 18, 2:53 PM
    • 2 Posts
    • 1 Thanks
    Debbin
    Response to malthusian
    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
    • By Malthusian 15th May 18, 3:54 PM
    • 4,908 Posts
    • 7,906 Thanks
    Malthusian
    I can only reiterate that anyone considering investing should visit the hotel they are contemplating investing in.
    Originally posted by Debbin
    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.
    • billmag
    • By billmag 14th Jun 18, 10:55 AM
    • 1 Posts
    • 0 Thanks
    billmag
    New investor
    I just exchanged contracts on EDEN COUNTY SPA
    • eskbanker
    • By eskbanker 14th Jun 18, 11:18 AM
    • 8,402 Posts
    • 9,506 Thanks
    eskbanker
    I just exchanged contracts on EDEN COUNTY SPA
    Originally posted by billmag
    ....which would suggest that you didn't find this thread (and other similar ones) before doing so, which would probably have been a better sequence.
    • NewbieInvestor86
    • By NewbieInvestor86 21st Jun 18, 1:35 PM
    • 5 Posts
    • 0 Thanks
    NewbieInvestor86
    First Time Investor
    Hi All,

    Thanks for the info on this thread. I am posting here to ask for advice - is Northern Powerhouse Developments a good investment?

    I have never invested in anything and from the small research I have done, hotel investments appear easy to understand & “assure” a good ROI. The word “assure” makes me nervous...

    I have been in contact with agents and discussed opportunities with Northern Powerhouse for the past month. They have appeared professional and accessible – I have had many questions, and he has answered all within 24 hours.

    From reading this forum, I am EXTREMELY hesitant to pay the booking deposit & contuinue. Obviously the numbers promised are attractive (too good to be true) and I do want this to be a real thing, but Im not going to take a silly risk.

    When I raised concerns to agents about NPD and their reputation online, agents responded by claiming NPD has an asset value of circa £40m and are recruiting the likes of Peter Moore OBE (Former CEO of Center Parcs) & Richard Lewis (former CEO of Best Western Hotels) – adding legitimacy to NPD. The Richard Lewis hire does appear in articles online, which is good I guess?

    Can anyone verify if these claims are true? Mainly the impressive board members, and rapid growth of NPD?

    Thanks very much
    NewbieInvestor86
    • eskbanker
    • By eskbanker 21st Jun 18, 2:17 PM
    • 8,402 Posts
    • 9,506 Thanks
    eskbanker
    I have never invested in anything

    [...]

    Obviously the numbers promised are attractive (too good to be true) and I do want this to be a real thing, but Im not going to take a silly risk.
    Originally posted by NewbieInvestor86
    Enough said in these excerpts - keep moving along to something more suited to a newbie investor (or any other sort of investor for that matter), of which there is a vast range to choose from....
    • Malthusian
    • By Malthusian 21st Jun 18, 2:29 PM
    • 4,908 Posts
    • 7,906 Thanks
    Malthusian
    I have been in contact with agents and discussed opportunities with Northern Powerhouse for the past month. They have appeared professional and accessible !!!8211; I have had many questions, and he has answered all within 24 hours.
    Originally posted by NewbieInvestor86
    Of course he has, he's hoping that you'll hand him a very large sum of money. Were you expecting him to treat you like a Jobcentre officer with a hangover?

    From reading this forum, I am EXTREMELY hesitant to pay the booking deposit & contuinue. Obviously the numbers promised are attractive (too good to be true) and I do want this to be a real thing, but Im not going to take a silly risk.
    The numbers are not especially attractive. The returns on offer are comparable with returns available from mainstream diversified stockmarket investments (albeit over a bull market). However these hotel room investments are considerably more risky than a diversified stockmarket investment, as your returns are dependent on either a) startup companies with virtually no useful information available on their financial strength and debt cover ratio or b) your ability to rent out an individual unit in a much larger property that you may not control access to.

    When I raised concerns to agents about NPD and their reputation online, agents responded by claiming NPD has an asset value of circa £40m and are recruiting the likes of Peter Moore OBE (Former CEO of Center Parcs) & Richard Lewis (former CEO of Best Western Hotels) !!!8211; adding legitimacy to NPD. The Richard Lewis hire does appear in articles online, which is good I guess?
    Unless they're backing the investment with personal guarantees it's completely irrelevant. Reminds me of when Quentin Wilson of Top Gear was shilling for Store First. Or MJS Capital which used to have a member of the House of Lords on its board. Legitimacy by association is no legitimacy at all.

    Can anyone verify if these claims are true? Mainly the impressive board members
    You could try asking them on LinkedIn, but unless they're providing personal guarantees it's of no relevance to you.

    and rapid growth of NPD?
    According to its last accounts, Northern Powerhouse Developments is £171,000 in the red. Because NPD is a tiny insignificant startup company, it is exempt from audit so those accounts contain little useful information. But it means the answer to that question is no.
    • NewbieInvestor86
    • By NewbieInvestor86 21st Jun 18, 4:47 PM
    • 5 Posts
    • 0 Thanks
    NewbieInvestor86
    First Time Investor
    Enough said in these excerpts - keep moving along to something more suited to a newbie investor (or any other sort of investor for that matter), of which there is a vast range to choose from....
    Originally posted by eskbanker
    Thanks for the advice eskbanker, I'll steer clear of NPD then, dodged a bullet there!
    • NewbieInvestor86
    • By NewbieInvestor86 22nd Jun 18, 9:00 AM
    • 5 Posts
    • 0 Thanks
    NewbieInvestor86
    Signature Living?
    OK, thanks guys.

    Before I found NPD, I came across Signature Living who seem to operate in a similar way. What do you think about Signature?

    They offer 3 year minimum hotel room investments, and also 12 month SPI loans.

    Are they lower risk? They have a stronger social media presence and longer track record (which includes bankruptcy?!)

    Any thoughts on Signature?
    • Zanderman
    • By Zanderman 22nd Jun 18, 9:11 AM
    • 1,860 Posts
    • 4,560 Thanks
    Zanderman
    OK, thanks guys.

    Before I found NPD, I came across Signature Living who seem to operate in a similar way. What do you think about Signature?

    They offer 3 year minimum hotel room investments, and also 12 month SPI loans.

    Are they lower risk? They have a stronger social media presence and longer track record (which includes bankruptcy?!)

    Any thoughts on Signature?
    Originally posted by NewbieInvestor86
    Is this a wind-up?

    Any 'investment' like this is high-risk. Potentially very very very high-risk.
    • NewbieInvestor86
    • By NewbieInvestor86 22nd Jun 18, 9:18 AM
    • 5 Posts
    • 0 Thanks
    NewbieInvestor86
    Haha OK Zanderman I get it, high risk!

    I'm new to this so I want low risk, good returns. What should I invest in?
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