Blackmore Bond in Trouble? Late Interest Payments for Investors

By J Drew -
Further Update - Weds 14th August - some investors are still saying that they have not yet received their interest due from Blackmore and have had no reply from the company.

UPDATE - as of Weds 7th August the interest payment has now been made by Blackmore Bond.

Another company promoted by Surge Financial, the agent behind sales of London Capital and Finance was Blackmore Bond. According to reports from investors on the Trust Pilot and BondReview sites Blackmore Bond have been late paying interest due on 31st July. If Blackmore are unable to make interest payments it doesn't bode well for capital repayments due in 2020

Blackmore Bond in Trouble?

Blackmore Bond in Trouble? Late Interest payments


Blackmore were offering similarly high rates of interest as LCF but claimed they were making returns of over 50% to pay back investors as well as their 25% commission fees to Surge Financial. Time will tell if they are going the same way as LCF and heading for administration but history doesn't paint a happy picture for high risk bonds that are late paying interest to investors.

As with London Capital and Finance it's very sad to see the comments from investors on Trustpilot who clearly had no idea what they were invested in.

 https://uk.trustpilot.com/review/blackmorebonds.co.uk


Northernlight Surety insurance Blackmore
Northernlight Surety insurance Blackmore

Some investors seem to believe that their investment is covered by insurance

As per other posted reviews, no payment on July 31st, no information why. They say they were insured investors will find out shortly. Anyone got any information on how to claim if worst comes to worst, it would be appreciated.
I suspect that they will be sadly disappointed if they find out that the insurance company either doesn't exist, has no money or has not been paid the premium as has happened with other bonds from other companies.

Where was the Blackmore Bond insurance company called Northernlight Surety based again?

Northernlight Surety Company is a highly specialized mono-line operation providing personalized bond solutions for private enterprises worldwide. We are domiciled in Costa Rica

Investors may want to investigate the details of Northernlights Surety company although if they had done due diligence before investing they will already know the information.

https://damn-lies-and-statistics.blogspot.com/2019/03/blackmore-bond-capital-repayment-dates.html

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