Concept Capital Group Review - Is it a Scam?
Investment in Concept Capital Group is being promoted on Facebook and Rightmove to solicit investment in their static caravans for rental to social housing tenants via Social Park Housing. Concept Capital Group are claiming to guarantee rental income of 10% but as investors in London Capital & Finance are fully aware, this sort of guarantee is fully dependent on the company making it still being in business. If the company fails for any reason then there will be no-one to support the guarantee or to return money to investors.
If the company fails your guarantee disappears. Concept Capital Group have only existed since 2019 so have no track record of honouring investment guarantees over the long term.
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| Concept Capital Group Risks - Is it a Scam? |
Concept Capital Group include a small link to a disclaimer page on their site that identifies the risks involved in their investments yet it is very clear from the reviews posted that investors are not aware of the risk they are taking with their money
https://concept-capital-group.com/full-risk-warning-statement.php
If you are thinking of investing in Concept Capital Group then you may want to check how much of your investment is being paid to the introducer who signs you up. Many of the schemes mentioned here were paying 20%-25% of your investment as commission which means there is only 75% of your money ever available to invest. There is no information to suggest that this is the case with Concept Capital but the costs of business need to be paid from somewhere.
Some people have suggested that they will still own their caravan and can rent it out even if Concept Capital Group were to go bust. However that would depend on having somewhere to park it and being able to move it there. There is no guarantee the current location would be available or accessible in future or what the costs would be to use it.
As an unregulated investment that is not covered by FSCS there is a risk of losing all of your capital and this risk of 100% loss is not properly explained. Investors in Blackmore Bond also thought that they had security with ownership of buildngs being developed but they are on course to lose all of their investments. Similar experiences exist for investors in storage pods, airport parking spaces and housing projects.
Investors considering this scheme may also want to look at a similar one that failed called Park Group.
The Concept Capital website shows a 3 bed prefab home for £42999 claiming 10% ROI which would equate to £358 per month. This would appear to be a pooled investment as it isn't possible to guarantee that a tenant will be present for every property all the time and some investors appear to be putting in smaller amounts of money from their reviews posted.
It's very worrying that the reviews on Feefo for Concept Capital Group follow exactly the same pattern as those for LCF with investors apparently unaware of the risks that they are taking with their money.
To be clear, investment in Concept Capital group isn't a scam but it does appear that if the online reviews are genuine many people investing are not aware of the risks that they are taking and have clearly not read the risk warnings that Concept Capital Group have themselves published on their website. This is a high risk investment that is not FSCS protected and as with any such product carries the risk of losing all your capital.
https://www.feefo.com/en-GB/reviews/concept-capital-group?displayFeedbackType=BOTH&timeFrame=YEAR
I have been with Concept capital for just over a year. I have invested in one 3 bed static home, I get payed every month on the dot and I can sell it back to them with no loss within the first 2 years and after that I can sell it back for 1k loss each year. I am so far very happy and all of the reviews I have read say pretty much the same as I have, it’s a lot better than having my savings in the bank, at least I am making money on my investment. You always take a bit of a risk when you decide to invest in something, especially if it’s a new business but I had the business backgrounds of all involved looked into and there was nothing there to concern me, I am happy I invested with them.
ReplyDeleteCon
DeleteMerchant
DeleteConcept Capital Group has proven to be a deceptive and unscrupulous organization. They falsely claim to possess a variety of built units for potential investors, but upon further investigation, it becomes apparent that they have little to no actual assets. This fraudulent business model is reminiscent of a Ponzi scheme, as they primarily focus on swindling clients out of their hard-earned money.
ReplyDeleteI have personally visited 12 sites across the south of England, purportedly belonging to Concept Capital Group. Unfortunately, only one location displayed a unit that the company claims to use for showcasing to potential investors. However, even this solitary unit does not belong to the company, further highlighting their dishonest practices.
Financial records indicate that Concept Capital Group has allegedly generated over £3 million in sales. However, these accounts remain unpaid and have merely been submitted for show. This disreputable company not only deceives its clients but also undermines the trust and integrity that is essential in the investment industry.
Concept Capital Group's deceitful activities can be traced back to a group of individuals who are involved in orchestrating this elaborate scam. Ayub Swaibu, the founder of Callan Nest Ltd, plays a central role in this scheme. Alongside Swaibu, several other individuals contribute to the fraudulent operations, including Trechana Matthews, Joseph Henry Smith-Koomson, and Adrian James Ashley Felix & Edmund Brew
Joseph Henry Smith-Koomson is also the founder of Vankero Property Solution Ltd, while Adrian James Ashley Felix is responsible for founding UK Yield Experts Limited and Gateridge Consulting Limited. Edmund Brew is another key player in this disreputable group.
These individuals have come together to create a dishonest network designed to deceive investors and manipulate their trust. The activities of Concept Capital Group and its associates serve as a stark reminder to exercise caution and conduct thorough research when entering into business relationships or making investments.
Wow, thank you soo much for the insight. I knew the sales pitch seemed to good to be true. The level of detail you and the information you unearthed is fantastic. Please be well aware of this fraudulent operation, and I recommend anyone else to shed light on this also.
DeleteGosh, was seriously looking at this. So many excellent reviews ? Wish there was an owners site to liaise with.
ReplyDeleteRemember that just because someone is getting paid some money doesn't mean it will continue or that they can get their capital back. LCF investors were posting excellent reviews in exactly the same way until the payments stopped and they lost their money.
DeleteIf you're happy to put all your money at risk then it's suitable for you but in no way comparable to a savings account
Dear Sirs, this is for the Authors and Administrators of the site. We represent Concept Capital Group in London. The information you have posted here is defamatory, malicious and wholly inaccurate.. We are in the process of obtaining a court order to have this content removed. Any associated costs will be billed to you if this link is not removed within 48 hours. We can be contacted on Fawkes & Gable (Attorneys) client.services@fawkesandgable.com if you want to defend any order we will be seeking after the 48 hours expire.
ReplyDeletePlease identify what information is defamatory for review. The blog post is entirely factual - this is a high risk investment as it is not FSCS protected and is totally dependent on the company being in business to cover any guarantees.
DeleteBTW fawkesandgable.com doesn't exist so who exactly are you?
DeleteAs I review my portfolios of investments in this brand new year, and having bought 13 homes, homes I’ve gone to see, acquisitions I made from ccg in 2020, sold 3, checked my rent accounts which they have never missed a payment with, i came across this blog whilst reading content from ccg online. I ask myself, why is there mention of some past and present senior management team members in march 2023, a month the head of sales was sacked and his name is not mentioned anywhere, “convenient”, the writer is an obvious genius I must say. Martin Swann was his name, my account manager who could talk for Britain and I can’t even find him online anywhere since his dismissal, I’d go as far as saying he has probably been apprehended on whatever track he was on by the law.
ReplyDeleteTraditional property isn’t regulated and doesn’t offer FSCS protection, it can’t be. many traditional buy to let home owners can’t sell, as I’m 1 of them and my property has reduced in price leaving me in negative equity with a mortgage that’s so high, I’d rather the bank take it as i have over leveraged.
All of my homes with ccg are on plots of land with 25 year lease agreements, my insurance valuation by Allianz is more than what I paid for the home, the land owner, local authority and 1 private, is on land registry, perhaps the advice given should include thorough due diligence before providing readers with advice as if an expert. I can take on asset finance with my homes with ccg, lenders you can find online. I was offered 60% of the homes value, which is 20% above the price I paid, but ccg don’t promote such opportunities, I will be asking them why they don’t offer finance solutions before I decide to liquidate. If winkworth, Hammonds, Allianz plc, bsi and lenders recognise the asset, I’m not sure who this blog serves when a simple independent online search answers many questions. Having your fingers burnt is painful, but it’s not an excuse to exert and transmit false information without true facts behind it. Ccg don’t have to manage my priorities if I don’t want them to, I can even sell them via estate agents, the comparisons given with black rock is therefor misplaced.
Tenants are real, I drove past without telling them which is legal, all you have to do is Google Uk housing to see how bad the need is. Buy to let isn’t complicated, I’ve been doing it for 22 years, I have also provided high risk mezzanine financing without having senior debt and lost money, sophisticated readers will be able to relate. Home, tenant, rent, perhaps this is a banks blog, who knows. Average homes last 70-80 years, but I don’t think ccg want there customers to know that. 25 years is just design life, not useful life, there are similar homes built in the 60’s and 70’s in uk with tenants.
Invest time getting the knowledge, anything other than facts has alterior motives.
I have been working as a senior sales advisor at Concept Capital Group for just over a year, and it aggreaves me that I constantly have to appease client objections about the misinformation in your blog. Most of the time, we can circumvent the objections by visibly and actively proving the speculation and misinformation within your blog, whilst also demonstrating the motives of the anonymous comments to your blog. Unfortunately, we are not always able to do this, which I have advised the management team is a very valid claim for loss of earnings as a result of this liable blog.
ReplyDeleteFirstly J drew I want to address some of yours false information and scaremongering. Number one on the list is the marketing percentages you mentioned. Whatever previous failed companieshave done in the past, our model does not have anywhere near the margin of 25% you have quoted to give away as bonuses. Less than half of this figure is the real figure that is used to run the essential sales company that “consult” our clients. Then there is your speculation about pooled rents. Another completely false statement. Each Moduler home is owned by the homeowner and the tenants rent is paid directly to the homeowner minus the management fee. Having a list of 15000, families waiting for our social housing allows us 98% occupancy with the 2% used to prepare homes for new tenants. Lack of new homes is our pain point! Collecting rents for our homeowners is not a pain point! Then there is your final tactic of scaremongering, quoting the the product not being protected by the FSCS! It is not a financial product, or part of a packaged financial product that would require backing or security required from the Financial Services. Owning a buy to let home would never be covered by the financial services! With that being said all our homes have the option of a tracker being installed at the homeowners bequest, and furthermore are insured to the full value (by Allianz) against all types of damage including acts of god. All of our investors have the option to see their home and most take the option to do so. Its our clients asset and not ours, we just proudly remove the pain and hassle from buying to let.
Finally the ANONYMOUS comments! Clearly written by an ex employee, who chose to feed a negative reaction to your comments that he knew would cause harm to our business. Your choice to let bloggers post without displaying any type of identity check in my opinion leaves the responsibility of the slander at your feet. As mentioned before, I have advised the directors to file a claim for loss of earnings against you, as each deal lost for this reason is tracked within our CRM. Considering our objective is to make a social impact and house vulnerable families I hope you choose to reach out to myself or one of our directors and allow us to demonstrate to you with proof that all the content in your blog is causing real harm to both the business I represent and the families that need our help and chose to delete this blog from 2019 about a business that is still thriving in 2024.
How exactly do you ‘reach out to myself’? Are you double jointed? Lol
DeleteHey Patrick. Did you advise the Director and owner "Ian Anthony Elliott" of this, or the oddly named company secretary "Anthony Elliott Ian". Are they related? Do you or they have any comment on the 2023 accounts now filed, showing a decline in the book value of the company from almost £500,000 to just under £5,000?
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