Comments can be sent to us at irnist23@gmail.com

INTRODUCTION
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.

Tuesday 8 May 2012

COBOCO IN THE NEWS AGAIN!

For the interest of all serious Cobocowatchers, the following article appeared in the Newcastle Sunday Sun on 6th May ...

Home News North East News 

GRANDAD THREATENED
May 6 2012 by Coreena Ford, Sunday Sun 
 
An athlete sent threatening text messages to a grandfather amid a battle to recoup £8,000 in unpaid wages.

Grandfather Brian Forrest contacted us after spotting the Sunday Sun’s story about Liam Collins, who shot to fame with his Faces of Disco act on Britain’s Got Talent and is now battling a £1m bankruptcy action.  Mr Forrest worked as a joiner for Mr Collins – now raising funds to train with Team GB – and his business partner David Bone Jnr until 2009, working on properties that had been bought to convert into student houses. The grandfather-of-two, of High Heaton, Newcastle, worked for their firm Complete Building Solutions NE Ltd until it dissolved and he then worked for MTM North East Ltd, run by David Bone’s dad – David Bone Snr – and Mark Black, which is the company that owes him £8,000. Neither Liam Collins nor David Bone Jnr are directors of that company, however. When the property market crashed, the businesses struggled to cope and Mr Forrest claims he often went weeks without being paid, prompting him to take MTM North East Ltd to tribunal last December in a bid to claw back his cash. But MTM is now being dissolved too, meaning the only way Mr Forrest can possibly recoup his cash is through the civil courts – a costly option he can’t afford.

The Sunday Sun contacted Liam Collins – after which the latter sent Mr Forrest two threatening texts. The texts blasted:

“I have some information about you, Brian, which you might like to defend before I go public myself.”

“I’m not going to be made a mug of in public. I suggest you get in touch with me or Davey.”

The 62-year-old was shocked by the texts from Mr Collins, who was involved with Britain’s Olympic bobsleigh team. He said: “I just want what’s owed to me, it’s as simple as that. I first started work for them in 2008, but after the property market went down I often wouldn’t get paid.
“Last April David Bone Jnr was with me shopping for materials for kitchens and so on, and he said if I stayed off work for two months it will give them a chance to pay off the backlog.
“I told him that technically he was sacking me, but he said he wasn’t. He promised me a payment would go in soon after but when I checked online my wages hadn’t gone in.
“I sent him a text saying ‘another broken promise’ and he texted back to say I should consider myself finished from then.”

Despite the text, Mr Forrest hadn’t been given either written notice or his P45, so he personally resigned and took proceedings against MTM. He obtained a default judgement on liability, went back to the employment tribunal on December 7, 2011, and they ordered MTM to pay him a total of £8,060.59. A month later, however, he received a letter from the directors telling him MTM North East Ltd had applied to be struck off the register at Companies House. He added: “It’s too expensive. I don’t think I’ll ever get my money back.”

Liam Collins, 33, said he had sent an apologetic text to Mr Forrest. He said: “I have recently apologised to Brian. I was furious that I am the centre of an article which I have nothing to do with. My text was out of order. I have never been involved with MTM but if I owe Brian money then I will see he gets every penny.” 

Editor's note: That'll be the day!
Posted by IFS at 14:05

1 comment:

  1. Anonymous5/09/2012 9:34 am

    Dear Sir/Madam,

    I would personally like to wish Mr Liam Collins all the best with the Olympic bobsleigh attempt.

    He's a slippery customer so will be a great asset to the team.

    I thank you.

    Annoyed Of Newcastle

    ReplyDelete

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