On 24 February 2021, with the consent of the FCA, the directors of The House Crowd Limited (“The House Crowd” or “the Company”) placed the Company into administration and appointed Frank Ofonagoro, Jeremy Woodside and Frank Wessely (“the Joint Administrators”) of Quantuma Advisory Limited as Joint Administrators, due to the financial issues that the Company was facing.
On 25 February 2021, the Joint Administrators were also appointed over House Crowd Property Management Limited, House Crowd Finance Limited and House Crowd Finance (Security Agent) Limited (together with the Company, “the Companies”).
The Joint Administrator’s priority is to secure the best possible outcome for all parties. Wherever possible, that includes the repatriation of client monies, completion of existing development builds, orderly wind down of loan books, and ultimately protecting the interest of investors and creditors.
This website will be used to provide investors and creditors with information and is being updated when information becomes available on the administrations.
Should you wish to contact the Joint Administrators directly, they can be contacted as follows:
With a large volume of enquiries anticipated, the Joint Administrators thank you in advance for your patience and cooperation at this time.
The affairs, business and property of the Companies are managed by the Joint Administrators, who act as agents of the Companies and contract without personal liability.
Frank Ofonagoro is licensed in the United Kingdom to act as an Insolvency Practitioner by the Insolvency Practitioners Association. Jeremy Woodside and Frank Wessely are licensed in the United Kingdom to act as Insolvency Practitioners by the Institute of Chartered Accountants in England & Wales.