What Was Ashbrookes Inspired?
Ashbrookes Inspired Limited operates as the investment-facing arm of the Ashbrookes Group, a North East England property developer.
The company offered a variety of investment opportunities with promises of returns ranging from 18% to 20% over 18 months. Minimum investment rates ranged from £10,000 to £100,000 depending on the scheme.
The investment proposition included a series of unregulated loan note products backed (in theory) by specific property development SPVs. The main focus of the investment schemes were purpose-built student accommodation and residential conversions.
Flagship schemes included John Street, Sunderland; Deltic House Middlesbrough; Ayresome Gardens; 56-62 Borough Road; and 438-444 Linthorpe Road.
Ashbrookes Group claims to be “arguably the largest private student accommodation developer in Middlesbrough and also established in Sunderland”.
The website claims that the firm has had 125 successful property developments across residential sectors with a development pipeline of £30m plus. It also says that it has achieved a 25% capital growth
Investors were given loan note certificates which they were told were secured. Alpha Trustee Services Ltd currently acts as Security Trustee for these loan notes.
Why Are Investors Concerned About Ashbrookes Inspired?
A number of investors say that they are no longer being paid the interest that was agreed on their investments.
There have also been complaints by some investors that communication with the company has dried up and they are unsure where to turn.
Who Richardson Hartley Law can help.
We can help investors who transferred their money FROM a UK bank.
Richardson Hartley Law has a proven track record on recovering millions of pounds from similar investment schemes via bank reimbursement schemes.
Richardson Hartley Law is able to offer investors no win, no fee agreements with capped fees.
If you are concerned that you have lost money to Ashbrookes Inspired contact us today for help.