The Corran Resort & Spa investment, owned by Kayboo Ltd, was a hotel development scheme situated in Laugharne, South Wales, in which 425 people worldwide invested £19m.
However, issues with planning permission halted the development, as the site, situated on a floodplain, was deemed to be of special scientific interest.
Kayboo Ltd then went into administration, reportedly owing millions of pounds.
Did you know that investments such as hotels and property are considered to be High-risk and non-standard investments and are not regulated by the FCA?
The financial advice you received could be negligent and as a result you may be able to make a claim for compensation.
If you’d like to know more call 0114 2664216 and talk to one of our Team or fill in the enquiry form and we’ll be in touch.
You are not required to use our services to pursue your claim. You can also seek further advice or shop around subject to any time limits within which a claim must be made.
It is possible for you to present the claim for free, either to the firm or person against whom you wish to complain or to the statutory ombudsman (Financial Ombudsman Service or Pension Ombudsman Service) or the Financial Compensation Scheme, whichever is applicable to your claim.
We will not make or pursue a claim, or advise you to, if we know or have reasonable grounds to suspect that the claim does not have a good arguable basis, and or is fraudulent or frivolous.