UK Renewable Investments: Scam or Misfortune?

Investment

If you've invested in UK Renewable Investments plc, you might be concerned about recent developments involving the company's mis-sold renewable energy bonds. Here at CP Financial Claims, we aim to shed light on this unsettling situation and provide a roadmap for affected investors looking to reclaim their money. If you find this information striking a chord, do not hesitate—contact us right away.

Background of UK Renewable Investments plc

Established on October 4, 2013, with its headquarters in Darlington, England, UK Renewable Investments has been in the eye of the storm. Due to a myriad of financial and litigation issues, the firm received a court-ordered wind-up on April 19, 2019. Though initially set to be dissolved, the dissolution was deferred until 2026 on the Secretary of State's directive.

The Deteriorating Financial Health: Red Flags

Investors should be alarmed by several red flags:

  • Confirmation Statement Overdue: As of October 2018, the company had not filed its mandatory confirmation statement, last updated in October 2017.
  • Wind-Up and Liquidation: The company faced court-ordered liquidation in April 2019 and eventually completed its winding up process on December 12, 2020.

The Investment and The Loophole

Initially, UK Renewable Investments plc promised its 208 investors that their funds would help develop renewable energy plants. They were lured in with a lucrative 11% per annum returns rate over a five-year term. Sadly, most of the £2.5 million invested was redirected to a separate entity, Bio Green Energy Ltd, for construction projects in Northern Ireland that never saw the light of day.

Bio Green Energy: The Domino Effect

Bio Green Energy itself went into administration in May 2017. Subsequently, administrators requested dissolution as they found no funds available to repay investors. A court order in 2021, made it near impossible for UK Renewable Investments' bondholders to directly recoup their losses.

Investment Oversight and Loss

The court and the Insolvency Service were scathing about the way UK Renewable Investments conducted its operations. They criticised the company's "lack of commercial probity" and absence of "appropriate governance and control," pointing out that it was the investors who would bear the brunt of these failures.

Is Making a Claim Possible?

Absolutely. For affected investors, the good news is that you can make a claim to recover your lost funds. And this is where CP Financial Claims can make a world of difference for you.

How CP Financial Claims Can Help

Navigating the complexity of financial mis-selling claims can be daunting. At CP Financial Claims, we specialise in making this process simpler and more transparent. Our expert team can guide you through the claim application step-by-step, ensuring that you don't have to go through this distressing time alone.

What Makes Us Stand Out

  • Personalised Service: We provide one-on-one consultation to understand your case. This is a free, no-obligation chat.
  • Expert Knowledge: We have extensive knowledge of the investment landscape, including complicated cases like UK Renewable Investments plc.
  • Proven Track Record: Our successful claim resolutions speak for themselves.

More Information on the Horizon

While we've compiled extensive details about the situation, please note that there is more information to come as the investigation proceeds. Therefore, it's crucial to stay updated for new developments.

Contact Us

Submit your details for a free, no-obligation chat.

Have You Been Affected?

At CP Financial Claims, our goal is utmost transparency. You'll only be charged a fee if we successfully secure financial redress for you. The success fees can range from 15% to 25% of your settlement, depending on the amount. For more information, click here.
In the event that you pursue your claims until the end but they turn out to be unsuccessful, you won't owe any payment. If you decide to cancel your claim after the 14-day cooling-off period but before the process concludes, there may be a cancellation charge. To learn more about cancellation fees, click here.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Other blog posts