This blog was established to help get to the bottom of how the Collins & Bone Partnership reached the very sad situation it is now in, with its partner Liam James Collins having a bankruptcy hearing on 25th January (postponed)15th March 2012 (ditto), and finally bankrupted on 9th May 2012 (case # NEWC 1517 of 2011 BKT 3472187, Newcastle County Court, The Law Courts, The Quayside, Newcastle-upon-Tyne, NE1 3LA), and David Bone Jnr declared bankrupt on 31st May (case no 100 of 2012 Wigan County Court). The partnership used the following addresses:

25 Shelton Street, Covent Garden, London, WC2 H9HW, UK

Eastern Villa, Station Rd. North, Forest Hall, Newcastle Upon Tyne, NE12 9AE (owned by Liam Collin's parents, and now up for sale)

There are 3 specific goals of this blog:

• To find out what happened to the 1m+ GBP monies that C&B raised via PNs in late 2009, 2010 & 2011. I am excluding PNs issued to ex-CBS investors, but that said, this blog will be of interest to ex-CBS investors, and there is information that needs to be obtained from this set of investors wrt when PNs were issued to them, and their duration.

• To determine what, if any, criminal charges should be brought against the partners.

• To warn other investors off doing any business with the partners, their equally inept/unscrupulous extended family members, and supportive cohorts.

When you look at the PNs, there are no specific statements on the documents that specify how the monies were to be used - how you believed they were to be used is based on whatever e-mail/phone call foreplay you had beforehand with Liam Collins. That is why it is so important that the following information is collated for this category of C&B investors on an individual basis:

1) What did you believe you were investing in, and what was your basis for believing this?
2) What investment risks were you informed of?
3) What was your understanding of the purpose to which PN monies could be put?
4) What brochures and documents were you furnished with as prt of your due diligence?
5) What due diligence did you do?
This blog is being operated completely separate to Sally & Jasmine's blog (, although we share the common goal of getting to the bottom of this mess in a professional manner. If you don't want to post anything on the blog in person, you can send an e-mail to me at - information conveyed in any such e-mails will only be posted on the blog on your behalf after any editting/your specific consent.

Ewart (The Editor)

Monday, 30 April 2012

240 Great Clowes Street part 2

In the May/June 2011 newsletter from "the Board", Robert Wakefield stated:
"If you would like to earn generous commissions from referring or introducing investors to the new-look Collins & Bone, where the investment is 100% protected, please contact one of us. You can also earn very good commissions from sourcing properties. You will be paid by St. Giles Asset Management Limited, not Collins and Bone."
So let me share with you some additional information that I did not have when I compiled the "240 Great Clowes Street" blog article, partly because the Land Registry does still insist on doing some things via ordinary snail-mail and cheques. The sale history behind this property is as follows:

Purchased 9/5/2011 by Dereham Investments Limited for 182k GBP, with Castle & Gatehouse Ltd slated to do the renovation work.

Purchased 7/10/2008 by Robert Charles George Wakefield & Clare Patricia Maria Wakefield for 165k GBP. The house was subsequently let by the likes of Moffat & Collins (ala Nasser Moffat & Patrick Collins) and Patrick Properties Limited (ala Patrick Collins).

Purchased 3/8/2005 by Mazepak Ltd (company # 05457525) for 230k GBP.

So here is Robert Wakefield trying to sell/offload a property he owns to be done up as part of a JV with Castle & Gatehouse Ltd. to C&B  investors whose PNs were already in default just so that he could profit/recoup some of his own investment losses! I don't view this as having investors interests at heart. I sincerely hope that:

  • Commissions were not paid from PN monies raised in 2011 (see "The true Liam Collins" blog article).
  • That no commission was paid in the case of 240 Great Clowes Street given that Castle & Gatehouse was not able to find a buyer for the property within the JV term.

The Editor

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