If you have made an investment in the Stratford Penny Brook Hotel you should be taking action now to protect your position in the event that your restructured loan is not repaid in full when it is due in June next year.
We are aware that work is now underway on the site but sadly that is no guarantee of a positive outcome for investors. We have been involved in claims for investors on other developments where the hotel has been built, completed and fully operational and still investors have lost all of their money.
Should this happen we are already making preparations for the claims that will need to be made against Wilson’s, the Solicitors who acted for investors and Strathearn Insurance Services Limited, the brokers who recommended the NWIC policy just weeks before they went bust. In addition to that we are pursuing any other potential routes to recovery that may be available to investors.
We strongly recommend that you sign up for these proposed actions now rather than wait until June next year. The reasons for this are;
We will be able to ensure that the limitation periods for the claims are put on hold to make sure you do not lose your right to claim
Your participation in the claims will be secured. When we have assembled similar groups in the past there has come a point where membership has had to be closed. Those investors who did not join before that date have been left without an easy route to recovery and have often not recovered at all.
We would urge you to get in touch now to secure your right participate in these claims in case you need to. You have nothing to lose by doing so. If the developer does repay the loan the claims will be unnecessary and the group will be disbanded. There will be nothing for you to pay in that event.