Investment losses can be life changing sums and can stall or fail for various reasons however creditors do have a voice when they find their investment appears fraught with doubt and red flags.
Investors can enter into negotiations or consider civil recovery methods. By grouping together investors have a stronger voice to breakdown any wall of silence they may be facing and take action.
Investors in Signature bought individual rooms in luxury hotels being redeveloped by the company, with many paying hundreds of thousands of pounds and some investing their retirement savings. The hotels included the Titanic-themed 30 James Street in Liverpool; Belfast's George Best Hotel, which has yet to open but it is said will be decorated with floor-to-ceiling portraits of the late footballer; and The Exchange Hotel in Cardiff, where rooms come with an en-suite hot tub. These rooms were then leased back to Signature, which typically promised an annual return of about 8% and that it would buy the room back at a profit after a certain number of years.