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, 15 November 2012

OR escalates partnership investigation

The preliminary investigation of the Collins & Bone Partnership performed by Martin Faulkner of the Official Receivers Office is now complete. The long awaited decision has now been made that a more thorough investigation of the partnership is required by a separate team. Martin Faulkner is not a member of this team, and as such he ceases to be the Official Receiver for the Collins & Bone Partnership. All information previously supplied to/gathered by Martin Faulkner has however been passed onto this team. Given the wide readership of the IFS blog and this blog by investors, the Official Receivers Office has requested that their respective editors post the following texts on their blogs to help update investors on the current state of play.

The Editor

"Update to creditors concerning the bankruptcies of Liam James Collins (Newcastle Upon Tyne County Court No. 1517 of 2011) and David James Robert Bone (Wigan County Court No. 100 of 2012).

Please be aware that enquiries in these matters are now being conducted by the Official Receiver’s Public Interest Unit (PIU) North, 2nd Floor, 3 Piccadilly Place, London Road, Manchester M1 3BN.

Any previous correspondence forwarded by creditors to the Official Receiver’s in Liverpool has also been transferred to PIU.

It is the Official Receiver’s intention to contact all creditors shortly requesting further information to assist the ongoing enquiries.

The continuing assistance of creditors in these matters is greatly appreciated."