Five companies involved in unscrupulous property investment schemes which cost victims over £280,000 have been forced into liquidation following a government investigation.
An investigation carried out by the Insolvency Service found five companies associated with Clive Ballard - Property Legal Services (London), Property Legal Services (2007), Overseas Legal Services, Enjoy Property Ltd and United Holdings & Investment - were all linked with three dubious business activities. These included a fractional investment scheme, a scheme involving the transfer of off-plan properties in Spain and more recently a scheme involving the same day transfer of property in the UK. The companies operated in the UK and Spain. PLS (London) and PLS (2007) were also associa...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
