A company which formerly offered bonds paying up to 16.8% per year has been shut down in the High Court.
A creditor petitioned the High Court in June 2019 and his petition was granted in October. FRP Advisory as been appointed as liquidators.
We reviewed Milton Park Capital’s bonds in December 2018. We concluded that the bonds were inherently high risk, and made even more so by the fact that the company used stock photos to conceal the identity of its directors.
In June 2019 the FCA issued a scam warning against the company.
If any further details emerge from the liquidation we’ll cover them here.
How do I get my money back from Milton Park Capital?
At the risk of prejudging the liquidation, the likelihood of recovery is minimal.
Milton Park Capital investors are now likely to be on a “suckers list” and will be targeted by – and fall for – similar scams in the future.
If anyone contacts you claiming they can recover your money, it is almost certain to be another scam. They will ask you for “legal fees” or similar which you will never see again.
If you were advised to invest in Milton Park Capital by an FCA-authorised adviser or invested via a regulated SIPP company, you may have a claim against them which would be covered by the Financial Services Compensation Scheme. Unfortunately both would appear unlikely to apply.