Cadnam Plot Investment Claim
Buying a plot or land or anything should make someone happy. However many people go on to regret some of their purchases due to either poor advice or dealing with unscrupulous people.
We have encountered so many cases of people going out of their way to make honest investments only to realise that everything was not as it first appeared.
Many of the victims do not know the way forward or who to approach in order to recoup their losses. We are here to listen and do everything possible to make everything right again.
The majority of the people that seek to reclaim their investments are SIPP investors. One such case of self-invested personal pension (SIPP) investors who got a raw deal and almost lost their claim was in the case of the Cadnam Plot.
About the Cadnam Plot
Cadnam in itself is a place where land demand outstrips its supply. There are always many people on the lookout for a piece of plot of there.
Conveyance solicitors, financiers and brokers make a large profit everyday out of selling plots here. The infamous Cadnam plot is a piece of land near New Forest, managed by Intro Capital Limited, formerly known as FR Land Investments and marketed by Falcon.
Many self-invested personal pension (SIPP) investors put their pension money on the patch of land with the belief that the financiers would buy the land back from the SIPP investors with higher profits. This made many of the SIPP investors boost up their pensions.
What went wrong?
It seemed like a very lucrative business and the investors made a huge boost on their pensions in order to invest in the Cadnam plot through land banking. What they did not know was that FCA does not regulate land banking.
They were taking a huge risk but they could not do much considering they were not aware of the risks involved. The financial company responsible for this Land- Banking was Sovereign Financial Services or J. Richfield.
The firm is no longer in operation as the FCS declared it in default. As if that was not enough, Intro Capital Limited that managed the Cadnam plot sale went into liquidation.
This was a big blow to the SIPP investors because now they did not know where to turn to or who to go to.
There was great fear that they were going to lose on their claims. At the same time that Intro Capital went into liquidation, a company that owed the management company over 1.5 million pounds, also went into liquidation.
What next for the SIPP investors?
Many of these SIPP investors do not earn high amounts of money and any loss is devastating to them. They are not what you can call sophisticated investors either.
They went into this blindly without knowing the risks involved and believed they would benefit highly. The Cadnam Plot SIPP investors did not lose anything. The first thing they wanted to find out of course was if they were eligible for claims and if they were, how they would go about claiming what was rightfully theirs.
How can you make a claim?
If you are not sure on whether you are eligible to make a claim or not, do not just sit back and forget to pursue the matter.
You can come to us the ClaimExperts.co.uk or give us a call and we will listen to your experience and give you the right advice.
The number to call is 0800 0155 687 or reach out to us by completing the no obligation form and we will get back to you.
At ClaimsExperts.co.uk, we will do the initial consultation free of charge and discuss moving forward with your claim on a no win no fee basis*.
Why we are the best
Our team comprises of fully experienced litigation solicitors and the company will carry out your pension audit to determine your claim, we are a fully regulated firm and in case you lose, we will not charge you any fee.*
We are a recognised specialists in assisting investors successfully making a claim for mis sold SIPPs. Our record speaks for itself.
Feel free to get in touch with us today, or complete the enquiry form to receive a free no-obligation review of your claim.