I have received several messages about this recently formed company from people who have been offered land investments by their sales force.
Claremont Forbes Land & Property Ltd was founded on 29th January 2010. Its paid up share capital is £1.
(Companies House records: LATEST SOC 29/01/2010 29/01/10 STATEMENT OF CAPITAL;GBP 1)
Extracts from the company's website suggests that Claremont Forbes has done really remarkably well to become 'a leading London based company' in just over three months since being set up:
'About Claremont Forbes (www.claremontforbes.co.uk)
‘A leading London based company dedicated to offering exclusive UK land investment opportunities for private clients. ‘
‘Due to a huge wealth of knowledge and extensive contacts with land owners throughout the UK, the company is perfectly geared to exploit current market conditions and offer investors a fantastic opportunity to profit on the recovery of the recession.
By working closely with our acquaintances, Claremont Forbes strive upon ‘cherry-picking’ prime located land sites with planning permission, ensuring we deliver a product which offers tremendous high-growth potential, at the same time as safeguarding one's current exposure within this volatile market.
Here at Claremont Forbes you will find a highly experienced team, on a multitude of levels, predominantly within the UK land and property market. The key to achieving our goal is that we operate devotedly with our clients, offering our expert knowledge to cater for investments that perfectly compliment existing portfolios, at the same time as positioning ourselves to yield strong returns in a relatively low-risk environment on the recovery of the recent economic downturn.’
Investment proposal
‘As the recession had taken its toll, this was a time Claremont Forbes became very active in the market place for acquisition.’
‘The forecasted timeframes with our projects are from 18 months +. Likewise, the returns are closely examined by our analysts and vary depending on each site in question. At Claremont Forbes, we strive upon offering very realistic time frames, at the same time as potential returns are based on the success of comparable sites using recent valuations. In order for the business to continue to deliver a strong product, it is imperative we only acquire investment sites with minimised risk, with clear scope of profit potential.’
They cant even get the company reg number right on the own website
ReplyDeleteHow do they expect anyone to belive they can manage money when they cant even manage their own website
Stay away I think!!!
SOUNDS LIKE A COLLECTIVE INVESTMENT TO ME
ReplyDeleteI'm sure the FSA and all relevant athourities will be informed as
THIS TYPE OF ACTIVITY (OPERATING AS A COLLECTIVE INVESTMENT) IS ILLEGAL unless authorised to
And Claremont Forbes Clearly isnt !
Anon. It may well be a collective investment and as you say if it is it would have to be authorised by the FSA if based in the UK. I know the FSA looked at whether land banking was a collective investment but I'm not sure exactly what final conclusion they came to. If anyone knows please let me know.
ReplyDeleteBeware, registered number seems incorrect, 2 logo is taken as well as pictures and words from other land banking companies.
ReplyDeleteFor them to market to people even more than one and then offer them partnerships, is akin to selling a stock as well as being in breach of the collective investment sche,me... FSMA 2000 states that for it not to be part of the act indivudualss would require they day to day control of there investment and also have the ability to sell whenever they want without reliance on orthers selling as a group in order to liquidate there assets. The FSA does not regulate land, however if they is no day to say control by the investor dircetly the it does fall under the act
Whois record for claremontforbes.co.uk
ReplyDeleteDomain name:
claremontforbes.co.uk
Registrant:
daniel warwick
Registrant type:
UK Individual
Registrant's address:
The registrant is a non-trading individual who has opted to have their
address omitted from the WHOIS service.
Registrar:
Fasthosts Internet Ltd [Tag = FASTHOSTS]
URL: http://www.fasthosts.co.uk
Relevant dates:
Registered on: 06-Feb-2010
Renewal date: 06-Feb-2012
Last updated: 16-Feb-2010
Registration status:
Registered until renewal date.
Name servers:
ns1.livedns.co.uk 213.171.192.250
ns2.livedns.co.uk 213.171.193.250
Current Appointments Report for:
ReplyDeleteCLAREMONT FORBES LAND & PROPERTY LTD
07140163
Created: 08/05/2010 16:46:13
Companies House is a registry of corporate information. We carry out basic checks to make sure that documents have been fully completed and signed, but we do not have the statutory power or capability to verify the accuracy of the information that corporate entities send to us. We accept all information that such entities deliver to us in good faith and place it on the public record. The fact that the information has been placed on the public record should not be taken to indicate that Companies House has verified or validated it in any way.
Company Register Information
Company Number: 07140163 Date of Incorporation:29/01/2010
Company Name: CLAREMONT FORBES LAND & PROPERTY LTD
Registered Office: 3 LLOYDS AVENUE
LONDON
LONDON
ENGLAND
EC3N 3DS
Company Type: Private Limited Company
Country of Origin: United Kingdom
Status: Active
Nature Of Business (SIC(92)): None Supplied
Number of Charges: ( 0 outstanding / 0 part satisfied / 0 satisfied)
Previous Names
No previous name information has been recorded over the last 20 years.
Key Filing Dates
Accounting Reference Date: 31/01
Last Accounts Made Up To: (NO ACCOUNTS FILED)
Next Accounts Due: 29/10/2011
Last Return Made Up To:
Next Return Due: 26/02/2011
Last Bulk Shareholders List: Not available
Current Appointments
Number of current appointments: 1
DIRECTOR: FARR, TERENCE MR
Appointed: 29/01/2010 Date of Birth: 17/01/1982
Nationality: BRITISH
No. of Appointments: 1
Address: NO. 24 CLOCK COURT
VICTORY ROAD
WANSTEAD
LONDON
ENGLAND
E11 1UJ
Country/State of Residence: ENGLAND
This Report excludes resignations
This comment has been removed by a blog administrator.
ReplyDeleteThe Company was formed by Jordans Company Formation who also provide Directors and bank accounts should you require them hiding the true owner and signatory
ReplyDeleteThey used serviced offices which provide virtual and serviced offices
Anon:
ReplyDelete'However !!! They wont even go for planning none of these companies do'
I agree the past record of land banking companies suggest that this may be correct. However, past performance cannot necessarily be a guide to future performance.
Dear Jim
ReplyDeleteyour missing the point
Claremont Forbes state that they are selling land with planning but forming an llp for people to join, this constitutes a collective investment irrespective of the land having planning or notand also marketing a collective investment
past performance cannot necessarily be a guide to future performance.
yet Claremont Forbes has no past performance in reality, it does though write as if it has been around a hundred years, this would make one suspicious of their true intent
I cannot understand why Claremont Forbes which has probably had quite a bit of time and money invested into it would risk their reputation by employing the old sales team of Finbow Wines ????
ReplyDeleteI too have also lost all my money with land banking companies and am now very cautious. I am not saying Claremont Forbes is a bad company but i certainly would not go anywhere near them.
anyone contacted by Claremont forbes should contact the FSA and send them to the
ReplyDeleteunauthosied Investment Section
25 The North Colonnade,
Canary Wharf,
London E14 5HS
send all the material the more people that send the more they will be investigated also send stuff to
Tony Hetherington
Mail on Sunday
Nothcliffe House
2 Derry Street
London W8 5TT
see what he has to say
daer anonymous
ReplyDeleteHow is it tha you know that they are employing the Finbow wines sales staff, unless you are actually one of them or were??????
Yes you are correct.
ReplyDeleteI did work for Finbow but now I am happily working for a far better company which happens to be Claremont Forbes.
Apart from this there is no connection between Finbow and Claremont Forbes.
I bought some land with Claremont Forbes and I am very happy with their service. They have told me my land is now worth 4 times what I paid for it and that I should be looking to realise profits by the end of next year.
ReplyDeleteI am now considering investing another 50k with them.
Kevin
Anon or perhaps Daniel Keep? It would be both interesting and more convincing if you would explain why Claremont Forbes is 'a far better company'. Has it for example made any planning applications? If so where and have they been successful? And is this not a collective investment and therefore should have FSA approval?
ReplyDeleteAnon – the investor with Claremont Forbes.
ReplyDeleteGiven that the company wasn't founded until 29th January 2010 you appear to have made a remarkable return on your investment. You say that you have been told that 'the land 4 times what I paid for it' – did the company provide any proof of this growth?
I could just as easily say that I had seen a squadron of flying pigs over South London this afternoon!
If the land quadruples in value in a little over three months (assiming that you had bought in February 2010), why does the company need to pay people to sell the proposition to potential investors. Why don't they just keep all the profits themselves?
This comment has been removed by a blog administrator.
ReplyDeleteI have received two messages about Square Mile and Scala Land. Before posting these comments I need some evidence please.
ReplyDeleteEarlier comment edited:
ReplyDelete'Anonymous said...
A collective investment is "mananging the the clients money from begginning to end"
Meaning Claremont Forbes proccess of acquiring land then making clients purchasing it and telling them they will get the clients planning constitutes as a collective investment
10 May 2010 09:30'
I have been contacted by Claremont Forbes this week and they are very convincing indeed!
ReplyDeleteWant me to invest in a LLP in stoke on trent???
So what do you suggest??
Anon
ReplyDeleteSee more recent posting:
http://investdrinks-blog.blogspot.com/2010/07/claremont-forbes-ltd-collective.html
If there is a putative LLP it doesn't appear on Companies House website. The only Claremont Forbes LLP listed is the Margate one and nothing has been filed for this one since it was set up at the end of March 2010.
I have asked Terence Farr about the status on this LLP but have received no reply to this or to other questions posed.
Well, Stoke on Trent is still on offer.
ReplyDeleteLess than 2 hours ago i was offered an opportunity to take a share of this investment.
I am told that only 47 shares will be offered and 40 of those are to existing investors. That leaves 7 for 'new' investors, potentially one of whom was asked 2 mnoths ago!
Perhaps it isn't as good as it seems.
I received their brochure today. (That's why I'm on this site.)
ReplyDeleteMy answer to them will be "No thanks". Long on good sounding ideas, short on property detail.
I'm no expert on company law, so I pass no comment on that side, but having spent 40 odd years in the building and developing industry everything is in the detail when it comes to property for development.
D.
I have bought 2 "shares" in the Stoke site.
ReplyDeleteAs recently as 4 days ago I was contacted and told that they hope to sell the site to "a developer" (large national builder) by the end of the year and that there are still 7 "shares" available at £20K each. The previous correspondence/comments gives rise to concerns!