The UK high court has shut down a group of investment companies for running a “systemic scam”.
The Sentor group comprised of Sentor Solutions Commercial Ltd, Fabcourt Developments Ltd, Sentor Solutions Advisory Ltd, and Sentor Solutions Ltd. The latter two changed their names and most recently traded as Hall Contracting Services Ltd and Clarkson Murphy Partners, respectively, the Insolvency Service said.
The high court appointed the Official Receiver as the liquidator for the group of companies.
According to the Insolvency Service, Fabcourt Developments provided promotional material to investors offering a property investment scheme which promised fixed rate products – also known as convertible loan notes – with high monthly or quarterly interest rates for a total duration of two or three years.
They told investors the products were backed by the government and that they were covered by the Financial Services Compensation Scheme.
Sentor Solutions Commercial and Clarkson Murphy Partners were named as the security trustee for the scheme.
But Fabcourt Developments was in fact the successor to Sampson Property Developments, previously known as Texmoore Limited, a company that operated the same scam until it entered into compulsory liquidation in March 2022 after a creditors petition.
Both Clarkson Murphy Partners and Hall Contracting Services were security trustees for the Sampson scam.
The group of companies took more than £2m ($2.2m, €2.3m) from investors,…
