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This Blog is dedicated to making public some of the business activities and methods of Liam Collins, David Bone Jr and their associates. In the spring of 2010, the present authors invested in Collins & Bone (C&B), who were offering an enticing 8-10% interest on the basis of buying houses for cash, renovating them and letting them out to students. We were assured that our money was secured against houses that they owned, including their own homes and the properties held by their associated company, Castle & Gatehouse (C&G). We have emails and brochures that confirm these details, as do others who invested on this same basis at around the same time. The idea worked for us for over a year, then in November 2011 they told us they were insolvent. They refused our every request for clear accounts, which led us to suspect wrongdoing. We began an investigation and then started this Blog. We found our suspicions confirmed: other investors had lost sometimes quite large amounts to C&B and its predecessor CBS, and all requests for repayment were adamantly refused. These people use and have used so many names that we found it necessary to compress them into CoBo (for Collins & Bone) and Coboco (for the whole bunch of them – there are quite a few!) Note that there is an index in the margin at the right hand side.

Friday, 2 March 2012


CoBo have consistently claimed that if they are bankrupted, all the house assets will be sold by the mortgage company at auction for well below market value and investors will lose any chance of recouping some of their money.

The majority of their mortgages were taken out with Mortgage Express, which company no longer operates and UKAR (UK Asset Resolution) is now responsible for the mortgages. We have been advised by UKAR that in the case of buy-to-let properties, when a bankruptcy occurs, all tenancy agreements are honoured and each case is examined individually. Generally, the houses should continue to operate as before, with UKAR taking the mortgage repayments and the surplus being given to the bankruptcy trustee to divide amongst the investors/creditors.

UKAR made big profits last year. It reckons it will continue to make huge profits in coming years, because it is NOT selling off assets cheaply. CoBo are wrong to assume that UKAR will sell their houses. UKAR will not sell their houses because it's not in their interests: it is more profitable to them to keep the properties on their books and take in the monthly repayments. CoBo say the opposite to try to evade bankruptcy and protect themselves from scrutiny by the bankruptcy trustee. This official will unearth the facts of the case and find out what really has happened to all the money that CoBo inveigled out of hapless investors.


In his message of last night about his non-appearance at the Court hearing on 25th January, Liam Collins writes, 

"I did not attend as I was advised by a solicitor that it was not necessary, but I should send a letter to the court letting them know I would be co-operating fully, which I did."

The Court did not receive a letter from him. (If he did write one, he should have sent it by recorded delivery.) 


  1. I'm beginning to see a distant possibility of getting at least some money back. Keep up the good work!

  2. Hmm... maybe there'll be at least some money after all - keep up the good work!