A property firm which was set up by TV personality Kevin McCloud faces liquidation
HAB Land Finance encouraged 280 people to invest £2.4m, promising returns of 8%. The investors were sold “mini-bonds” to crowdfund the purchase of land for housing estates in Oxford and Winchester.
However, after a period of ‘difficult trading’ there has been no return and HAB Land Finance and the company which owns it, HAB Land, have now called in liquidators. There is no prospect of the investors seeing any of their cash back.
Mr McCloud resigned from the company in February 2018.
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