Hardwood Associates

[MAVROS]

Anybody have any experience of this company? The mother in law wants to put some money their way and I've been asked to carry out due diligence on them. If not anybody know of any companies that do this sort of work.
In brief they offer a property bond paying 20% interest on your investment which is used to buy and renovate property. My biggest reservation is it sounds too good to be true - and we all know how that generally pans out!

Slightly off topic but surely at her age she should be playing it safe but she keeps moaning about the poor returns she's getting and wants to be more adventurous which is bound to end in tears.

Any advice on how to proceed?

[GarrettMacD]

Nearest I got was Harewood Associates in Bolton..

http://www.companiesintheuk.co.uk/ltd/harewood-ass...
Note the proviso..."(766 companies also use this postcode, this is probably a mail forwarding service address)"

Interesting that Harewood Associates Ltd was originally dissolved in 2004.
https://www.duedil.com/company/04485959/harewood-a...

If all else fails, you could always apply for their job vacancy for a 'Property Developer' @ 12k a year. Plus bonus and expenses, obviously.
http://www.dgjobs.co.uk/Trainee-property-developer...

EDIT;
The people behind Harewood seem to have some, er, form...
http://www.singingpig.co.uk/forums/general-propert...

P.S.
Forget the job link above, just be an introducer for Harewood and earn 100k p/a
http://uk.linkedin.com/groups/Harewood-Associates-...

Edited by GarrettMacD on Sunday 2nd December 20:42

[Steffan]

MAVROS said:

Anybody have any experience of this company? The mother in law wants to put some money their way and I've been asked to carry out due diligence on them. If not anybody know of any companies that do this sort of work.
In brief they offer a property bond paying 20% interest on your investment which is used to buy and renovate property. My biggest reservation is it sounds too good to be true - and we all know how that generally pans out!

Slightly off topic but surely at her age she should be playing it safe but she keeps moaning about the poor returns she's getting and wants to be more adventurous which is bound to end in tears.

Any advice on how to proceed?

With extreme caution. Bank Rate 0.5% return 20%. Be very very careful.

Are they registered and authorised by the FSA? They should be. I would definitely avoid.

[GarrettMacD]

Steffan said:

Are they registered and authorised by the FSA? They should be. I would definitely avoid.

No mention of it on their website, which I thought was a legal requirement?

[Steffan]

GarrettMacD said:

Steffan said:

Are they registered and authorised by the FSA? They should be. I would definitely avoid.

No mention of it on their website, which I thought was a legal requirement?

It most certainly is. AVOID!!!

[MAVROS]

Thanks everyone, spoke to the MIL this morning and managed to dissuade her.

[portlandinc]

There is loads about the people behind it, TV programme builders from hell. Even mentioned in parliament. Not good news seems like at it again. It is an spv so not regulated, if you lose money, it gone no body will help you get it back

SPVhttp://www.publications.parliament.uk/pa/cm199798/cmhansrd/vo980422/debtext/80422-17.htm

http://www.burytimes.co.uk/archive/1998/05/07/6154...