Thoughts on Finance, Current Affairs and General Consumer Ripoffs - Damn Lies and Statistics

 It's been reported on the MoneySavingExpert (MSE) forums that investors in Concept Capital Group are having difficulty getting their money repaid in line with the terms of their investments. Various excuses are apparently being given but no money is forthcoming. The investor reports that payments had been up to date (but small interest payments are easy to fund, large capital is difficult) As Concept Capital Group are quite active monitoring and replying to posts on this blog it would be appreciated if they can give their side of the repayment situation so the investor can get their money back. It might be likely that Concept Capital are struggling financially as their latest accounts filed for the year to 31 October 2023 show a big decrease in the value of assets that they own. The value of their assets has massively dropped from £427,000 in 2022 to only £4000 in 2023 as a result of a huge revaluation reducing the value by £446,000 in that time. This presumably relates to the wri...

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.  Update November 2024: It's reported on MSE that investors are struggling to get repayments of their investments with various excuses. 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. 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...