Blackmore Bond PLC (BB)
You can now claim against Blackmore Bond PLC (BB)
Blackmore Bond plc (BB) was founded in July 2016 and went into administration in April 2020. Initially, Brighton was its registered office before moving to Manchester. It raised money by issuing mini bonds. Between 2016 and 2018, Blackmore raised millions of pounds from investors to finance real estate developments. It promised to repay these investments with interest rates ranging from 6.5% to 10%. Blackmore funded 11 different real estate initiatives with £46 million from about 2800 investors.
In April 2020, Blackmore went into administration after ceasing to make payments in October 2019. The administrators Duff & Phelps (now renamed as Kroll) informed the bondholders that they are unlikely to recover more than £1 million of the invested £46 million. The majority will thus lose practically all of their money.
Blackmore and the mini-bonds it sold were not regulated by the FCA and according to the Financial Services Compensation Scheme (FSCS) website the customers won’t be able to claim compensation through FSCS.
Blackmore used Amyma Ltd (Amyma), a marketing firm, to advertise its bonds. Amyma, an unregulated entity, was able to do regulated activities as the appointed representative of Equity For Growth (Securities) Limited.
If you purchased Blackmore bonds and you were contacted by another firm such as Amyma don’t hesitate to get in touch with us.
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