Prime ISA Bond Co 1 Limited, the issuer of the Prime ISA bonds, has been issued with a strike-off notice by Companies House.
The strike-off notice was issued due to Prime’s failure to provide updated details of who owns and controls the company.
If Prime fail to respond to the strike-off notice and no objections are received, Prime ISA Bond Co 1 will be struck off the register and all its assets will be forfeited to the UK Government (though this can be reversed by a court order).
Prime ISA issued IFISA bonds paying either 6% or 7% per year (its literature at the time of my review was contradictory). At time of writing its website primeisa.co.uk only displays a notice saying the company is closed to new subscriptions.