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)

Thursday, 17 May 2012

E-mails from Action For Debt

Investors may have received e-mails today (May 17th) from Marian Cox at Action For Debt ( requesting personal data on the basis that they have a "limited spread sheet to work off" from Liam Collins, and that without this information the Official Receivers will not be able to contact you with their findings or be able tell you if there is a creditors meeting. Her e-mail contains an incorrect date of bankruptcy for Liam Collins, and in my case divulged other investors' e-mail addresses i.e. wholly unprofessional. Liam Collins has apparently asked Action For Debt for help in completing certain paperwork required for the Official Receivers investigations. However, the information they are requesting (mailing address) the partners should be able to readily supply, since this data is minimally on the PNs that they issued. The Editor's response to Action For Debt's request, as well as the advice to investors, is not to supply any personal data until such a time as the partners have sent an e-mail to all investors in which they state:
  • Why the partners cannot supply the required data themselves. If investor data has been lost, what has happened to it, and when & why did it happen?
  • The role that Action For Debt is fulfilling on their behalf.
The Editor

PS. The above blog texts were additionally e-mailed to Liam Collins, and "The Board" members Joe Sinagoga & Robert Wakefield, today (May 17th).


  1. I am not sure you can help me but I am a student in Preston and me and two friends acquired a property in 41 Albert Road, Preston, Lancashire in February 2012 we all give £200 each deposit to rent the house for September 2012, through Novocastria lettings to which we dealt with a Rachel Bone, since then they have told us that the landlord is taking over the property who is David Bone, I have done some research and it does not look good as I can not get hold of David Bone atall, Nor can I get hold of Rachel Bone and when I ring Novocastria its a answer phone and the person who rings me back is Mark Black on a mobile number who will not give me David Bone's number just says that Novocastria is not letting the property anymore the landlord is, but from the blog I read on internet today David Bone snr and Mark Black rung novocastria, it has been over 2 months, we are very concerned and will have no where to live in September if this is not above board, as it appears that he has took our money and run, but we would just like to know what is going on, I hope you can sympathize with us - 3 girls having no where to live in our 3rd year of study it is very upsetting and stressful, we would rather know now if it is all a con so that we can find somewhere else to live.

    I hope that you can please help us.

    1. Hi Janine,

      I don't know what business Mark Black has contacting you as 41 Ablert Road is a Collins & Bone Partnership asset, and Mark Black is not a partner. David Bone Jnr was declared bankrupt today thank goodness, and Liam Collins on May 15th - these two individuals are the partners of the aforementioned partnership. The properties will be looked after by a private trustee. In the case of Liam Collins the private trustee is David Clements, and we will be supporting David Clements as the private trustee for David Bone Jnr too. David Clements will be doing a deep-dive into the activities of the Collins & Bone Partnership, and we are all hoping that criminal charges will be laid against the partners. May I suggest that you contact David Clements directly as a matter of urgency as follows:

      E-mail: (Chantrey Vellacott DFK)
      Phone: (44) (20) 7509 9000

      It is in the interests of investors in the Collins & Bone Partnership to keep these properties rented out.

      The Editor

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