what i read

[Range...@aol.com]

Internet Landbanking Scam Exposed

 

Three companies involved in selling plots of agricultural land to the public have been wound up in the High Court following an investigation by Companies Investigation Branch (CIB) of the Insolvency Service.

 

Townfield Land Investments Limited acquired agricultural land near Southwold in Suffolk under an option agreement with a local farmer. It was then marketed to the public by Libertas Land Limited, by sub-dividing the land into plots of 2,000 square feet at a price of around £9,000 per plot.

 

CIB’s investigation revealed that the plots had been sold using the internet to at least 250 members of the public across the UK at some 50 times their agricultural value and furthermore, the site was inherently unsuitable for residential development. In particular, the site was within an area of outstanding natural beauty and a part of the Heritage Coast, where planning authority policy is not to permit development. The southern part was within a flood risk area and a part of the land also fell within a site of Special Scientific Interest. Additionally the site had shrinking and swelling clay ground stability hazards.

 

Registrar Rawson in the High Court said that this was a clear case where all three companies needed to be wound up in the public interest.

 

 

 

NOTES TO EDITORS
1.  The registered office of Townfield Land Investments Limited  and Southwold Site Management Limited was at Tradefind Secretarial Services, Hullbridge Road, Rayleigh, Essex SS6 9QG and that for Libertas Land Limited was at 401 Centre, 302 Regent Street, London W1B 3HH.

 

2. The petitions to wind the companies up on 28 March 2007were presented under the provisions of s124A of the Insolvency Act 1986 and followed enquiries conducted under the provisions of s447 of the Companies Act 1985. The Winding Up orders were made on 20 June 2007.
3. The Insolvency Service administers the insolvency regime investigating all compulsory liquidations and individual insolvencies (bankruptcies) through the Official Receiver to establish why they became insolvent.
4.  The Insolvency Service carries out confidential enquiries on behalf of the Secretary of State for Trade and Industry through Companies Investigation Branch.  The Service also authorises and regulates the insolvency profession; deals with disqualification of directors in corporate failures; assesses and pays statutory entitlement to redundancy payments when an employer cannot or will not pay employees; provides banking and investment services for bankruptcy and liquidation estate funds; and advises ministers and other government departments on insolvency law and practice.

 

5.  All public enquiries concerning the affairs of the company should be made to: The Official Receiver, Public Interest Unit, 21 Bloomsbury Street
London, WC1B 3SS.  Public Enquiries: 0207 637 1110. 

 

Further information about the work of The Insolvency Service is available from www.insolvency.gov.uk

 

Media Enquiries should be directed to:  Lorna Dennis, Communications Manager, Insolvency Service, 21 Bloomsbury Street, London, WC1B 3Q               

 

what do you think ? cheers scott

[Bola Taylor]

It seems you have been away for over a year. I hope the business trip was well worth while.

This is old and stale news already, we have already moved a step higher as an organization called Tenon group contacted individual investors . You should have gotten something in the post from them. If not, contact Tenon Group.

Regards

Bola
--- On Tue, 7/8/08, Range...@aol.com <Range...@aol.com> wrote:

> from _www.insolvency.gov.uk_ (http://www.insolvency.gov.uk)

[Samar Ammar]

Does anyone have the contact details of Tenon GP?

[Bola Taylor]

google it

--- On Thu, 7/10/08, Samar Ammar <samar...@yahoo.com> wrote: