“The company is or is likely to become unable to pay its debts.”
Director Carol Ames of Harlequin Management Services (South East) Limited, Basildon at High Court, London on Monday April 22, 2013
URGENT BREAKING: David Ames said nothing during investor meeting although he knew!
“The Harlequin Investor Group met with David Ames yesterday afternoon. It is very disappointing that nothing was mentioned to the investor representatives. The Harlequin Investor Group will now move to issue guidance to investors on how best to secure their investments in the Caribbean. “
Gareth Fatchett, Director – Solicitor & Notary Public – Regulatory Legal Solicitors special to Barbados Free Press
Notice of Appointment of Administrators (PDF of Harlequin’s court papers)
House of Cards about to go?
Yesterday David Ames met with some investors and their lawyers from Regulatory Legal.
Did Ames inform the group that he had already moved to have his sales company apply for administration? NO he did not!
What does this do to ongoing negotiations with various shareholder groups?
What does this mean for those who have not filed complaints that invoke insurance coverage?
So many questions, but if you listen carefully you might hear the answer as the cards on the bottom start to bend and slide…
Harlequin Property applies to go into administration
SOUTH Essex multi-million pound Caribbean investment firm Harlequin Property has applied for its sales arm to go into administration.
The business run by the Ames family from Wickford which is promoted by big name sports celebrities lodged an intention to appoint administrators for Harlequin Management Services (South East) Limited, of Honywood Road, Basildon, at the High Court in London yesterday.
A statement signed by director Carole Ames, of Brock Hill, Wickford, said: “The company is or is likely to become unable to pay its debts.”
It has prompted fears over the future of at least 6,000 investor’s deposits, many paid through personal pensions, and around 40 jobs at the Basildon head office.
The company, which is promoted by former Wimbledon champion Pat Cash, golf legend Gary Player and footballer Andy Townsend and trades as Harlequin Property, has taken more than £300million in deposits from at least 6,000 investors for off plan luxury holiday accommodation across the Caribbean since 2006.
However, it has so far built just around 300 of the thousands of properties and is being investigated by Essex Police, the Serious Fraud Office and Financial Services Authority…
… (Read the rest of the article at the Echo-News.co.uk)