Corran Resort and Spa and Kayboo LTD

Were you advised to invest in The Corran Resort & Spa? You may want to check if you should be claiming compensation for mis-selling

The Corran Resort & Spa investment, owned by Kayboo Ltd, was a hotel development scheme situated in Laugharne, South Wales. It was a fractional ownership scheme that secured funds to expand the hotel.

Around 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.

In 2016 Kayboo Ltd went into administration which triggered an investigation by the Insolvency Service. This revealed that Kayboo received £6.4 million in respect of the existing hotel building known as Phase 1. But the company had only registered 3 leases for investments worth £585,000.

The investigation also uncovered that Kayboo misled investors to believe that Phase 2 of the scheme (to develop 28 rooms in a nearby farmhouse) was low risk and had been safely secured. And that investors would be protected if the company became insolvent.

Kayboo received £10.6 million from investors to develop Phase 2. But no leases were registered, most of the property was never purchased by Kayboo and secured lenders hadn’t given permission for the scheme.

In November 2022 it was reported that the director of Kayboo, Keith Michael Stiles ,was disqualified for “allowing the company to mislead investors”.

Did you invest in The Corran Resort & Spa through your SIPP pension?

Did you know that investments such as hotels and property are considered to be High-risk and non-standard investments? As such they 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.

Want a free expert check to see if you’ve been mis-sold?

Whilst each case is individual, as mis-selling specialists we know to look for certain signs that in our experience indicate that mis-selling may have happened.

Our assessment is free and there’s absolutely no obligation to use our service if you have case.

Key Facts

1
The Corran Resort & Spa investment was high-risk and unregulated making it was unsuitable for the average investor
2
Many people may have been mis-sold this investment as a part of their SIPP

We win more than 9 out of 10 claims

The cost of our service is 15% + VAT on the total monies awarded for a successful claim. Our cost is also priced capped at one of the lowest rates.

Rodders Hewitt
2024-03-08
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2024-02-23
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Christopher Fraser
2024-02-07
After identifying a concern regarding my pension, I sought advice from Pension Claim Consulting. The response and customer service was swift and amazing. The courtesy and care taken throughout the whole process was phenomenal. The consultant’s communication from start to finish filled me with confidence that PCC do exactly what they state and were on hand whenever required. The level of understanding, empathy for the frustrations, and patience is by far the best I’ve witnessed. I cannot thank PCC enough for their outstanding work ethic and dedication to customers/clients. If you have any concerns at all regarding your pension, then I would highly recommend that you get in touch with them.
Andy Yates
2024-02-06
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Robert Manningham
2024-02-05
Pension Claim Consulting Ltd successfully won a case on my behalf following misguided advice I received in relation to my pension. They were most proactive in the process and kept me fully informed every step of the way. I have no hesitation in recommending their services.
Deanamo 84
2024-02-05
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Roger King
2024-01-16
Pension Claim Consulting managed to reclaim some of my pension by constantly chasing the company that fraudulently took my money. I though that I had lost everything. I cannot thank them enough on recovering some of my pension back.
Susan Stringer
2023-10-17
Excellent standard of service. The claim was protracted substantially by virtue of opponents trying hard to not accept any responsibility for their actions and not return the pension fund. PCC kept me fully informed throughout the process, obtained an excellent result for me.They also kept chasing the opponent when little action was taking place from them. The staff were always pleasant and helpful to deal with and very encouraging when I felt my claim was doomed to failure. I can not praise highly enough
Paul Wilshaw
2023-10-17
Very professional and informative from the beginning of our 5 year relationship. They talked me through every step of the process with what to expect. I would recommend Pension Claim Consulting to anyone who wants an honest and professional service.
Bill Cass
2023-10-16
Great team and they will get the best outcome they can always kept informed the process took a longtime not because of anything pension claims consulting did purely the pension sip provider playing games i would 110% recommend this company to pursue your claim without doubt best thing i have done they didn't give up on my claim even though I had given up on any good outcome however finally resolved and paid thank you pension claim consulting
Important Information!

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 Services Compensation Scheme, whichever is applicable to your claim.