Quinshaw Finance collapses, liquidators appointed

Liquidators have been appointed to Quinshaw Finance, whose bonds were reviewed here in September 2019.

Quinshaw claimed to offer “secure property high yield bonds” and that “investor protection is our number 1 priority”.

Posts to reviews.co.uk suggest the scheme stopped paying investors around the middle of 2020. Prior to collapsing Quinshaw had over 120 universally positive reviews.

After it collapsed a company calling itself “GDS Consulting” claimed to have been appointed as liquidators and ran a recovery scam on Quinshaw’s victims. It is likely that “GDS Consulting” was in reality someone behind, or within Quinshaw who had access to investors’ details.

The new liquidation is likely to be genuine, based on the filing with Companies House.

Quinshaw was supposedly run by a Paul Hopeton Daye but I have seen no evidence he actually exists. Companies House runs no meaningful checks on those who open UK limited companies.

How do I get my money back from Quinshaw?

Quinshaw’s investor list has already made its way into the hands of recovery scammers, who have contacted investors already knowing about their bonds. Anyone who cold-calls you claiming they can get your money back from Quinshaw or want to buy your bonds is a scammer.

If you were advised to invest in Quinshaw by an FCA-regulated company, you may have recourse to the Financial Ombudsman and Financial Services Compensation Scheme. Unfortunately for investors, as yet I’m not aware that any FCA-regulated companies did promote Quinshaw.

The standard procedure when an unregulated investment goes into administration is to write off the investment and treat any return as a bonus.

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