Now it’s in liquidation.
In an update from the firm’s appointed liquidator in Feb 2017, negotiations with the Golf Club based site for the waste recovery plant fell through. With no alternative location set out, the £784,000 raised for the scheme were distributed in another fashion, with £500,000 loaned to “four entities” with a common director or company secretary, while the remaining £284,000 funds were used to “settle professional fees relating to the initial phase of the scheme, including commission paid to financial advisers that “assisted in obtaining the funds”.
Not only that, but North West Landfill may have been mis-sold to some investors through SIPP pensions.Get started now
Several financial advisers and the FSCS have been paying out compensation the mis-selling of investments like North West Landfill via SIPPs and SSASs for a few years, with Get Claims Advice often leading the claim.
Then you may have been mis-sold, and you could be able to make a claim for negligent SIPP advice.
Because North West Landfill Investments was a high-risk investment not regulated by the watchdogs at the FCA, financial advisers should have been thinking twice about advised people to invest in it.
The rules are that investors looking to place their money with a scheme like this should be high-net worth individuals (such as those earning over £100k per year) or those with Sophisticated Investor status – people with a wealth of experience in investing.
Instead, many financial advisers negligently told ordinary people to make high-risk investments like North West Landfill, putting their retirement funds at risks after mis-sold transfers to SIPP pensions.
If you believe you may be one of those who may have been mis-sold, get it touch with our team of mis-sold pension claim specialists to see if you can make a claim.
Just over 4 years later, the company started to wind up, despite taking money on board.
North West Landfill Investments is dissolved by liquidation on 11 April 2019.
Click the button below to see an example of a Get Claims Advice claim over a mis-sold Resort Group investmentSee example claim