The High Street Group

1006 days ago

The High Street Group mini-bond disaster – now the finance Director has jumped ship

On its website, The High Street continues to claim it is worth £1.5 billion currently and will be worth £3 billion by 2023. So, it was curious to see that on 8 July 2021, the High Street Group Plc filed a termination notice for Joanne Bell dated 18 June 2021.

1051 days ago

The High Street Group – administration postponed for now, FCA useless as ever

I first wrote about the High Street Group 426 days ago.  It was the sixth mini bond scheme I had written about.  Of the first five, four being London and Capital Finance, Blackmore Bond, Bassett & Gold and Buy 2 Let Cars and all in administration and in the case of London and Capital Finance and Buy 2 Let Cars, the Serious Fraud Office are investigating the Directors.  Wellesley Finance managed to pull off a Creditors Voluntary Arrangement and persuade investors to take a significant haircut in order to let the group restructure and avoid administration.

1138 days ago

We warned about SIX high profile mini-bond schemes – now another of the suspect six goes bust, another FCA fail

The pattern has always been the same. We issued explicit warnings about London & Capital Finance, Blackmore Bond, Bassett and Gold, Buy 2 Let Cars, The High Street Group and Wellesley Finance. Companies such as my beloved West Ham United screwed over their fans and continued to support these rogues. The FCA was too busy publishing papers on the gender pay gap, Brexit, climate change or LGBT awareness to do anything until tens of millions of pounds had been lost. But heck it is was only the great unwashed who suffered.

1196 days ago

High Street Group – at last some clarity emerges over its financial position and its ugly & still the FCA does SFA

I have been warning for a long time that High Street Group is another mini bond disaster waiting to happen, another scandal the FCA has fecked up on. Now we have news. The accounts for the year 31 December 2018, yes that is right the 2018 accounts of the High Street Group Limited, have finally been filed at Companies House.

1215 days ago

BREAKING: The FCA fecking up again, the next Mini Bond catastrophe: The High Street Group – is that a fat Lady I see approaching?

On its website under heading “High Street Group In Numbers” it states its Current Estimated Value of The Group is £1.5 billion and forecasted value of the company by 2023 is £3 billion.  My forecast value by the end of 2021 is exactly zero. You will not be able to say that you were not warned. Or that the truly useless FCA has done anything,or is currently doing anything, to stop mug punters losing cash on this mini-bond disaster. Given the scrutiny it faces over London & Capital Finance that is doubly shocking.

1370 days ago

SCOOP: Fat Lady heading to a gig at The High Street Group? Another £60 million mini-bond scandal waiting to break

You, dear readers, cannot say that you were not warned about this one. I penned a detailed expose on April 13 warning you all that this would end in tears. Natch the FCA has done nothing, that being its standard response to folks losing all their cash to mini-bond schemes.  Anyhow, word reaches me of events that suggest the end game is almost upon us for this property developer.

1477 days ago

MAJOR EXPOSE: The High Street Group – a Potemkin Village of a Group: another multi million mini bond scandal?

Previously I have warned extensively about London & Capital Finance (now in administration), Blackmore Bond Plc (now in default on interest payments), Wellesley Finance Plc (material uncertainty over going concern) and Basset and Gold Plc (now in administration).  Today, following a reader’s prompt, I publish a major report on another massive mini bond scandal in the making.