Elysian Fuels Investment Claims

Want to chat about Elysian Fuels?

Fill out your contact info below and we’ll be in touch at the best time for you
NO OBLIGATION & COMPLETELY FREE!

ELYSIAN FUELS & CLAIMS

Elysian Fuels – a scheme to create bio-ethanol (cheap, more sustainable fuel) in a Grimsby-based plant began life in 2010. Advertised by a number of different Financial Advisers as a good SIPP (Self Invested Personal pension) investment, it took £200 million from investors, around £180m from SIPPs.

But the fact is, Elysian Fuels in UNREGULATED by the FCA, making it a HIGH RISK investment – not suitable for everyone, and it was the job of those financial advisers to make sure YOUR money was going somewhere suitable for you!

Marketed by Future Capital Partners, the value of the shares in Elysian Fuels from £1 each, to £nil – making the investment effectively worthless while this value held…

ELYSIAN FUELS TAX IMPLICATIONS

While Elysian Fuels offered investors x10 their investment in returns, it was suspended from the Channel Islands Stock Exchange in September 2013, and later de-listed.

As late as 2015, the HMRC was said to have been considering a 55% tax charge to “investors who sold their Elysican Fuels Shares to their pension” – Yikes!

In April 2017, SIPP Provider James Hay (which many clients used to invest in Elysian Fuels) received “assessment notices” from HMRC for a total of £1.8m, all related to Elysian Fuels!

Timeline of events: Elysian Fuels

2010 - Elysian Fuels Formed

Elysian Fuels 1 LLP was formed on the 11 Jan 2010, and many other funds followed.

2013 - Suspension

Elysian Fuels was suspended from the Channel Islands Stock Exchange in 2013.

2015 - Tax

Due to the way in which Elysian Fuels was structured, some investors started to look like they may be in trouble with the tax man, as HMRC announced they were considering a 55% tax charge.

2015 - Valued at £nil

2015 also saw Elysian Fuels shares reduced to £nil – investors had officially lost their money.

2017 - James Hay

James Hay announced that they had considerable exposure to the investment – around £1.8m

Did you know, we’ve made successful with Elysian Fuels claims before?

If you needed any more reason to choose us to take forward your claim, we’ve been successful with mis-sold SIPP claims with Elysian Fuels before.

Ready to make a claim?

Think you’ve been mis-sold your investment? Click below to take the first step to making a claim

Have a question about Elysian Fuels?

Ask us any question about your investment and we’ll be in touch at the best time for you – COMPLETELY FREE!

  • 1
  • 2

Ask anything about your investment, advisor, or so on...

Your question

And just so we can get back to you...

Number we should get back to you on

Your Name

How high-risk investments get mis-sold

Elysian Fuels was always a high-risk investment, and IFAs should have been making sure people fitted the following descriptions before investing. Anything less, and they may have been negligent.

  • null

    SOPHISTICATED INVESTOR

    Do you have a wealth of knowledge and experience in investing?

  • null

    HIGH NET-WORTH 1

    Do you earn in excess of £100,000 per annum?

  • null

    HIGH NET-WORTH 2

    Or do you own £250,000 worth of investable assets?

Be the first to hear any updates

Give our Facebook page a like using the button below to stay up to date with all our news regarding investments and advisors!