Latest news from Companies House about Adavo Property LLP - Director: Mark Black. "Unless cause is shown to the contrary," the company will be removed from the register of companies in three months' time for failure to submit accounts. New questions: will Mark Black somehow get his accounts in order? Will he now exit from the property business? Or will he simply start up another company under a different name—as has been Coboco's way these many years? Best to keep a tight hold on one's wallet.
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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.
Thursday, 24 January 2013
What are Collins and Bone up to these days? Well, many of our readers may be familiar with their street and stage act, called Faces of Disco, which we have mentioned previously on this blog, and short video clips of which can be found on the internet.
We are informed that two young men who were not either Collins or Bone were seen performing the Faces of Disco routine in Newcastle recently. This would suggest that CoBo are recruiting other athletic young men, whom they presumably train, to do the street act. Faces of Disco has received quite a lot of publicity on television and elsewhere and they have their own eponymous website. Clearly such publicity has to hide all of the duplicitous, ruthless, swindling schemes that they have been operating for many years. (As many readers of this blog know, those schemes have resulted in debts totalling £4 million or more, plus a lot of trouble and hardship to their victims).
We would point out to all concerned that the proceeds of the street act Faces of Disco must naturally be in cash. Given CoBo's appalling track record, it seems highly improbable— to say the least—that they are making any kind of accurate and honest declaration of this money to the Official Receiver. It also seems likely that they are running a scheme in which they train others to do the act and then claim a percentage of the trainees' earnings.
We would appreciate receiving any news, photos or video clips about Faces of Disco that readers of this blog may be able to send in.
Posted by IFS at 11:24