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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.

Wednesday, 22 February 2012

COLLINS & BONE HOUSES AND NOVOCASTRIA LETTINGS

Investors may find the following link interesting:


Many of the houses on the Novocastria Lettings list are actually Collins & Bone 'owned,' that is, on the list of Collins & Bone assets. As readers will see, the rents on these properties are quite sizeable and it therefore seems somewhat incredible that CoBo have got themselves into such a situation of deep debt. 

Interestingly, the address given for Novocastria Lettings is 36 Langhorn Close, Newcastle, which is also a property on CoBo's asset list. Anyone enquiring about renting a property may find themselves talking to Rachael Bone.

We publish below two versions of CoBo's asset list, which we think are fairly up-to-date. One shows the location of the properties; the other, value and mortgage status. CoBo stated that they would put a list of current assets on their blog, but since these haven't appeared yet and time is running short, we post them below.



                Preston
1              41 Albert Road
2              15 Dart Street
3              60 DUNDONALD STREET, PRESTON
4              206 Plungington Road

                Salford
1              11 Queen Street
2              30 Peacock Avenue
3              2 Dronfield Road

                Newcastle
1              36, Holderness Road
2              36, Langhorn Close

                Loughborough
1              Rose Cottage B
2              73 Cobden Street
3              9 Carlton Close
4              66 Queens Road
5              81 King Street
6              91 Shelthorpe Road
7              97 Wharncliffe Rd
8              101 Queens Road
9              138 Paget street
10           151 Leicester Road
11           113 Station Street
12           15A, Moira Street
13           27 Albert Road
14           4 Albert Street






Posted by IFS at 11:29

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