Two firms wound up as land banking clampdown continues

Regency Land Group Limited, formed in Belize and operated from offices in Spain, used tele-sales methods to sell small plots of agricultural land in Grantham to members of the public, telling them it would "accrue further value when it was re-zoned for planning purposes", even though there was no prospect of this happening. Meanwhile, Regency Land Sales Ltd, an England & Wales registered company, acted as the UK sales agent for the operation. Both firms were wound up in the High Court following an investigation by the government's Companies Investigations, part of The Insolvency Servi...