Manchester Terminal 2 Hotel Claims Guide
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With so much traffic heading in and around Manchester Airport, and with flights in and out to more and more destinations, an investment in the Manchester Terminal 2 Hotel may have sounded like a great idea.
Many people certainly thought so, with some being persuaded to invest their pensions into the project.
But many may have been unaware that this hotel project was high-risk, unregulated by the watchdogs over at the Financial Conduct Authority, which may have meant that some investors bit off more than they could chew when it came to risk.
Sadly, traffic seems to have been the issue to the Manchester Terminal 2 Hotel investment, now in administration. The latest official report from the administrators says that roadworks around the area, which took its toll on the business. By March 2017, it reported an operating loss of £1,874,619, with cash-flow issues leading to a liability with HMRC. In Feb 2018, enforcement officers representing HMRC entered the hotel and took furniture and equipment to pay the HMRC debt.
Can you make a claim?
Let’s Rewrite Your Financial Story
We are here to rewrite the book for you. And luckily we are pretty damn good at creating happy endings.
We are here to rewrite the book for you. And luckily we are pretty damn good at creating happy endings.
When you get let down by someone you thought you could trust, it can leave its mark on you, emotionally and physically.
We are committed to transparency and fairness in the way we conduct with clients, including how we charge for our claims services.
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Can You Claim For Mis-Selling Compensation?
If you:
- Transferred your pension to a SIPP
- Invested in Manchester Terminal 2 hotel or other high-risk investments
- Aren’t earning over £100k per year
- Aren’t a Sophisticated Investor
Then you may have been mis-sold, and you could be able to make a claim for negligent SIPP advice.
The Terminal 2 Hotel Timeline Of Events
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Company Begins
2012
The high-risk, unregulated hotel investment begins, with Paul Kinsella as director.
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Kinsella Resigns
2015
Paul Kinsella resigns as director on the 24 April 2015
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HMRC Administration
2018
Due to difficulties in cash-flow and operating losses, an outstanding liability to HMRC was created, resulting in property from the hotel being taken by enforcement operators in Deb 2018. By April, the company had entered into insolvency proceedings.
Related Claims
Do you know how people complained about mis-sold investments and pensions in the last year?
A lot. Over twenty thousand complaints were made about mis-sold pensions and investments in 2020/21, a figure which had doubled since the year before.. It’s no secret how serious this problem is, and it just seems to keep getting worse.
Have You Been A Victim Of Financial Mis-Selling?
Reaching out for help is never easy,
especially if you’ve been misled in the past.
But getting in touch with us won’t commit you to anything. We want to toss you a lifeboat and guide you through the choppy waters of the financial ocean, not leave you struggling to stay afloat. Our experts are here to offer advice and support on financial claims. We know what we’re doing and you can trust that if you’ve got questions, we’ve got answers.
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Spencer Churchill Claims Advice Will:
- Speak to you in plain English
- Provide you with a dedicated claims specialist
- Pay attention to the small details of your case
- Keep you up to date with the status of your claim
- Make sure you understand our charges
- Do absolutely everything we can to win your claim
How does our claims process work?
Our claims process is dead easy, so we can sum it up in the four simple steps below:
What Types Of Claims Do We Handle?
Speak to an expert today
We have decades of experience in helping people claim back money that is rightfully theirs. Whether you want to make a mis-sold pension claim, have questions about a mis-sold investment, or you’re just looking for some advice you can trust – we’ve got you covered. Reach out to our team today for a no-obligation, completely free chat.
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