Harlequin Property update: David Ames updates investors

Update Harlequin 150pxFollowing a relatively quiet couple of weeks for Harlequin Property investors, David Ames, Chairman of the beleaguered company has written to investors to update them on the latest position. Mr Ames informed investors at the Open Days in April that he planned to restructure the group. The first step in that process seemed to be putting Harlequin Management Services (South East) which trades as Harlequin Property, into administration. Mr Ames has now written to investors with an update, the full text of ...

Harlequin property update: Regulatory Legal’s latest thoughts

Update Harlequin 150pxRegulatory Legal, who runs the Harlequin Investor Group (HIG), have released an update on the latest developments in the Harlequin property Saga. According to recent reports some 6,000 investors have committed around £400 million to Harlequin Property, which has faced multiple problems over the past few months, including an investigation by the Serious Fraud Office (SFO) and various legal actions. The full update from Regulatory Legal reads: At outset, HIG are more than prepared to continue to engage with Harlequin and will seek to ...

Harlequin property update: Freezing orders served on David & Carol Ames

Update Harlequin 150pxOur second update this week for Harlequin Property investors as developments come thick and fast. Freezing order made on personal assets of David & Carole Ames David and Carol Ames, Chairman and Director of Harlequin Property have both had freezing orders served on their personal assets. In a statement on the Harlequin Investor Board, Nikki Crozier of CPC Worldwide, one of the companies acting on behalf of Harlequin Investors, said:  “At 8.27pm yesterday evening, a freezing order ...

Harlequin property update: Statement issued by the Harlequin Investor Group

Update Harlequin 150pxThe Harlequin Investor Group has issued an update on the latest developments, including details of a possible rescue plan for the beleagured property company. The statement seen, by Investment Sense, follows a meeting between two members of the Harlequin Investor Group, a solicitor from Regulatory Legal, plus Harlequin advisers, James Cannon and Jim Baker, to discuss the "Rescue Plan". Harlequin Investor Group statement in full The statement reads from the Harlequin Investor Group reads: 1.    The plan is quite complex and ...