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INTRODUCTION
This Blog is dedicated to making public some of the business activities and methods of Liam Collins, David Bone Jr and their associates. In the spring of 2010, the present authors invested in Collins & Bone (C&B), who were offering an enticing 8-10% interest on the basis of buying houses for cash, renovating them and letting them out to students. We were assured that our money was secured against houses that they owned, including their own homes and the properties held by their associated company, Castle & Gatehouse (C&G). We have emails and brochures that confirm these details, as do others who invested on this same basis at around the same time. The idea worked for us for over a year, then in November 2011 they told us they were insolvent. They refused our every request for clear accounts, which led us to suspect wrongdoing. We began an investigation and then started this Blog. We found our suspicions confirmed: other investors had lost sometimes quite large amounts to C&B and its predecessor CBS, and all requests for repayment were adamantly refused. These people use and have used so many names that we found it necessary to compress them into CoBo (for Collins & Bone) and Coboco (for the whole bunch of them – there are quite a few!) Note that there is an index in the margin at the right hand side.

Saturday 28 January 2012

TALENT SHOW FINALIST'S BUSINESSES PROBED - FINANCIAL TIMES

An article in today's Financial Times summarises some of C&B/C&G's business affairs can be seen online at the following URL:


One must register with the FT to see the article, but this is free and simple to do. It will be noticed in the article that Liam Collins refers to the authors of this Blog as 'mad as a pan of crabs,' a fairly new expression which seems to be doing the rounds at the moment; if googled, it will direct the searcher to the abovementioned article in the FT. Which would show that Liam Collins is rather the one who has madness in his method, we think.

The following is an extract from the article:-

'When asked what happened to the partnership money, Mr Collins said it had been spent on “expensive C&B legal advice, expensive promotional material (we were trying to create a premium brand), exhibitions, subcontractor bills, IT, renovations and all the costs of running a business."'

One expense Liam Collins omitted—and who knows how many others there are—was his contribution towards the cost of his training for the British Bobsleigh Olympic Team.
Posted by IFS at 11:34

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