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The High Street Group


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  • spygirl

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When they come to write the history of our times, 2000ish to 2020ish will be down as one huge Ponzi scheme, where everyone thought their wealth was real.  What's worse is that when everyone's wealth d

I'm so sorry. I'll get to knitting booties and feeding 10 cats. Xx  

https://www.thenorthernecho.co.uk/business/18918955.luxury-apartments-bar-newcastles-hadrians-tower/ CONSTRUCTION of Newcastle’s tallest building Hadrian’s Tower is complete. After 30

  • 2 weeks later...
spygirl
On 28/12/2020 at 20:51, mary mason NE1 said:

SPYGIRL YOU REALLY DO LEAD A SAD AND DESPERATE LIFE ON HERE AND ELSEWHERE!!!!!!!!!!!!!

 

NOT MUCH GOING ON IS THEIR YOU RIDCULOUS OLD SHREW 

I'm so sorry.

I'll get to knitting booties and feeding 10 cats.

Xx  

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Loki
On 28/12/2020 at 20:51, mary mason NE1 said:

SPYGIRL YOU REALLY DO LEAD A SAD AND DESPERATE LIFE ON HERE AND ELSEWHERE!!!!!!!!!!!!!

 

NOT MUCH GOING ON IS THEIR YOU RIDCULOUS OLD SHREW 

xD Seething.

 

How much did you have invested?

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leonardratso

humph, hahaha

and elsewhere eh, this sounds a bit personal, and spy knows a bit as well with the booties and cat references.

hehehehe.

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Option5
On 28/12/2020 at 21:51, mary mason NE1 said:

SPYGIRL YOU REALLY DO LEAD A SAD AND DESPERATE LIFE ON HERE AND ELSEWHERE!!!!!!!!!!!!!

 

NOT MUCH GOING ON IS THEIR YOU RIDCULOUS OLD SHREW 

There, not their :ph34r:

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TheBlueCat
On 14/12/2020 at 16:17, spygirl said:
Quote

The minimum return on these loans notes is an impressive 12% per annum

There's one born every minute. I note that they are attempting to get around the 'not selling to the general public unless fully FSA regulated' requirement by asking people to self-certify as HNW or 'sophisticated'. I wouldn't touch them with @XYY's.

On 28/12/2020 at 15:51, mary mason NE1 said:

SPYGIRL YOU REALLY DO LEAD A SAD AND DESPERATE LIFE ON HERE AND ELSEWHERE!!!!!!!!!!!!!

 

NOT MUCH GOING ON IS THEIR YOU RIDCULOUS OLD SHREW 

Might just be he's on to something with this one though. 

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Innkeeper

It’s not getting any better....

https://bondreview.co.uk/2021/01/05/high-street-group-sees-in-new-year-with-second-accounts-filing-fail/

High Street Group sees in New Year with second accounts filing fail

JANUARY 5, 2021 ~ BREV

On the turn of the year, High Street Group, which had already been overdue with its 2018 accounts by 15 months, fell overdue with its 2019 accounts as well.

Private limited companies must by law file accounts with Companies House nine months after the end of the accounting year. This deadline was temporarily extended to twelve months due to lockdown. High Street Commercial Finance Limited and High Street Grp Limited fell overdue with their December 2018 accounts in September 2019 and are now also overdue with their December 2019 accounts.

 

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Option5
2 minutes ago, eek said:

And while 1 fire seems plausible, 2 fires in depots?

Given the combustion sources and combustible materials in motor homes it isn't as implausible as you may suspect.

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spygirl
1 hour ago, eek said:

Given that we don't have a single investment scams falling apart thread I will post this story here

Motorhomes 'missing' after rental firm collapsed - BBC News

Surprisingly the company went belly up in December 2019 before Brexit but a 1/3 of the motorhomes don't seem to exist.

And while 1 fire seems plausible, 2 fires in depots?

People were invited to lend the company up to £36,000 a time, with each loan secured against an individual motorhome that would be bought with their money.

And here you are in a murky corner of security law.

Pick something most people font understand - hogs heads of whisky, ostriches, hotel rooms.

If a person wholly own the asset then you can make any claim about its future return.

As soon as assets are held collectively they become a security and regulation is required.

Hogs head of whisky are easy to hold individually- you buy, they charge a storage fee, then buy it off you. I'd doubt  youd make money but some people do it.

Hotel rooms are an out n out con. The rooms dont stand alone.

Ostrich farms ended in court as there was no record of each ostrich owners.

Motorhomes, which I'd not heard of, are 2020s ostriches.

 

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  • 1 month later...
spygirl

https://www.business-live.co.uk/commercial-property/development-firm-high-street-group-19229493

Legal documents seen by The Journal show that Mr Forrest told the court that “an insolvency event for one of the companies in the Group is likely to have wide-ranging and serious implications for the rest of the Group which could be catastrophic for the individuals concerned, with some 300 full-time employees and 1,000 subcontractors being affected.”

 

The unravelling of Greensill Capital, explained

DD breaks down the travails of Greensill Capital, whose controversial supply chain finance methods have landed it in hot water

https://www.ft.com/content/9741d707-1be2-4c15-a78f-aca1c5fb6781



An Australian court has denied Greensill an injunction after it tried to prevent its insurers pulling coverage. Greensill’s lawyers said that if the policies covering loans to 40 companies were not renewed, it could trigger “adverse consequences”, putting more than 50,000 jobs around the world at risk

 

See! CEOs do care!

 

 

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  • 4 weeks later...
spygirl

Still waiting for this to pop.

Theyve updated their website

https://thehighstreetgroup.com/

Expertise in Private Rental, Property Development, Construction and Hospitality

You might want to ponder the sheer stupidly of that claim.

Justa load of unconnected wibble.

They are expert in ripping off d7umb ponders and pissing money away on loads of loss making junk,.

I like this

https://thehighstreetgroup.com/about-us/

£3bln - forecasted value of the company in 2023

1.5bln - current value.

Here's my guess at 2023 value - 0.0000

 

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  • 2 weeks later...
spygirl

https://bondreview.co.uk/2021/04/08/high-street-groups-former-auditors-finally-allowed-to-reveal-reasons-for-resignation/

PWC’s declaration is damning: it states that it resigned because it couldn’t trust the figures HSG was giving it, making an auditor’s job impossible.

Moreover, HSG’s management consistently blanked PWC’s attempts to obtain reliable information.

The reason we are ceasing to hold office is that, since our appointment we have obtained information that leads us to conclude that the Company’s control environment is not sufficiently robust to enable us to obtain reliable audit evidence. Management has failed to provide accurate and timely explanations in response to recent specific questions nor has complete evidence been provided in response to those questions. There have been delays in the provision of information to us for an extended period, which has prevented us from completing our testing. Further, the information has not been of the required quality, despite discussions with management in this regard which leaves us unable to reach a conclusion on our testing. Due to the pervasive nature of these issues, we are unable to fulfill our professional obligations for the year ended 31 December 2018 and are unable to continue to hold office as auditors.

The above was sent to Gary Forrest on 18 September 2020. However, PWC were gagged from revealing the letter to the public until January by a court application by HSG. This court application was dropped on 19 January and consequently PWC filed its resignation notice with Companies House a couple of days later. The statement was released to the public by Companies House today.

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wherebee
39 minutes ago, spygirl said:

https://gary-forrest.medium.com/what-is-the-hometel-experience-e5f3ad3a51c5

Having all those services at hand is v v v expensive.

It's why I walk to supermarket rather than having one in the front room on the loft chance I've forgot to buy tea.

It's all fucking insane.

"While it’s hard to pin down exactly what the hometel experience is "

fuckling hell.  that's not a red flag, it's a red sunset.

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spygirl

https://www.thenorthernecho.co.uk/business/18918955.luxury-apartments-bar-newcastles-hadrians-tower/

12101573.jpg?display=1&htype=0&type=resp

CONSTRUCTION of Newcastle’s tallest building Hadrian’s Tower is complete.

After 30 months of building, contractor Tolent has handed over the 26-storey luxury development to owner The High Street Group.

Standing at 83m – six times the height of the Angel of the North – Hadrian’s Tower has set the record as the city’s tallest building.

The developer describes it as a new concept of luxury living in the region, branded ‘hometel’, and said three quarters of the apartments have already been sold or let.

The building has a mix of studio, one and two-bedroom apartments and three penthouse suites all with floor-to-ceiling windows looking out across the city’s skyline.

Its 26th floor champagne and cocktail lounge 3SIXTY is due to open to residents and the public shortly and the mezzanine floor has Hadrian’s & Co coffee house.

Among the luxury features for residents is a dedicated app, which links to the 24/7 concierge and can be used to book housekeeping services, arrange dry cleaning and laundry, turn up the heating or book a table at venues across the city.

 

Residents can also order room service from the on-site kitchen.

And Hadrian’s Tower is billed as the healthiest tower in Newcastle, offering fresh, healthy and calorie controlled pre-prepared meals straight to the residents’ door.

Youd struggle to shift this in the toniest bit of NYC.

No chance in London.

Absolutely pie in sky coke addled lunacy in Newcastle.

 

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spygirl

https://www.hadrianstower.com/invest-here/

Purchase Price: £300,000
25% Deposit for BTL Mortgage: £75,000
Mortgage Amount: £225,000
Annual Mortgage Payment (at 3.5%): £7,875
Annual Rent: £11,600 (£966 per month)
Gross Annual Profit: £3,725
Gross Yield 5%
5 Year Rent Profit: £18,625
5 Year Capital Appreciation at 2%: £30,000
Total 5 Year Profit on Investment: £48,625
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spygirl

Lets assume you can get a 75% mortgage on a crappy new build flat ...

At least 30% of that rent will go in tax, reducing the actual rental income to well bellow the mortgage payment.

And thats assuming they do rent at anywhere near those levels.

 

 

 

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eek
2 hours ago, spygirl said:

Lets assume you can get a 75% mortgage on a crappy new build flat ...

At least 30% of that rent will go in tax, reducing the actual rental income to well bellow the mortgage payment.

And thats assuming they do rent at anywhere near those levels.

 

 

 

 

How does £3,725 provide enough money to repay the capital repayment of £9000 you would need to make to repay that mortgage in 25 years time?

The figures only make sense if you are economically and mathematically incompetent.

 

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spygirl
1 minute ago, eek said:

 

How does £3,725 provide enough money to repay the capital repayment of £9000 you would need to make to repay that mortgage in 25 years time?

The figures only make sense if you are economically and mathematically incompetent.

 

Welcome to io btl!

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eek
15 minutes ago, spygirl said:

Welcome to io btl!

oh we both know it makes zero sense - I just wanted to look at it from the opposite end you were approaching it from.

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