FRESH START LIVING CEO CHARLIE CUNNINGHAM, DIRECTOR PHIL WRIGHT Montgomery House Landlords owed thousands of pounds by Fresh Start !!!!! Manchester, Nationwide

NEW INFORMATION FORUM to enable Investors in any of the Freshstart Living/FSL companies to voice any concerns/problems we may have had. Please use it, and publish the following website address wherever you can.
Hopefully, this will prove beneficial for the many people who have invested money in fresh start living property investments.

http://freshstartinvestors.freeforums.net
 
also, direct email to join the group of concerned investors:     mardwick@inbox.com

 

There is now a single collective forum to enable Investors in any of the Freshstart Living/FSL companies to voice any concerns/problems we may have had. 

Please use it, and publish the following website address wherever you can. Hopefully, this will prove beneficial for the many people who have invested money in fresh start living property investments. 

www.freshstartlivinginvestors.blogspot.com

also, 

direct email : mardwick@inbox.com 

FreshStart subsidiary facing winding up petition

A WINDING up petition has been filed against a subsidiary of the Salford property developer FreshStart Living.

The case against FSL Properties Montgomery will be heard in Manchester on Monday.

The business was set up in 2011 to buy Montgomery House, a former YMCA building in Whalley Range, south Manchester, which FreshStart turned into student flats and sold on to individual investors.

Last year FSL Properties Montgomery sold the freehold to Stratford-upon-Avon-based property group Marden Ltd for 930,000.

But a petition is being brought against the company by Dr Ahmed Al-Sened of Wilmslow, who is being represented by Manchester law firm EOS.

FreshStart claims Dr Ahmed Al-Sened is not a creditor and it plans to defend the action when it is heard in court.

In January the building's management company, FSL Management Montgomery, was wound up following action by investors who bought flats in the block but said tenants' rent was not being passed on to them. 

Accountancy firm RSM Tenon has been appointed liquidator by the Official Receiver and claims 140,000 has not been
paid. Management of the building was handed over to Hertfordshire-based Residential Management Group before Christmas.

Meanwhile, it has emerged that a FreshStart student scheme in Bradford was shut down in November for breaching fire regulations.

Following an inspection of Provident Financial's former headquarters, Colonnade House in Sunbridge Road, West Yorkshire Fire Service issued a prohibition notice. The fire service said there were inadequate means of escape and
inadequate means for giving warning.

FreshStart acquired the nine-storey 1960s building in 2011 and was converting it into 200 student rooms. At the time of the inspection only the top three floors had been completed and were occupied by up to 70 students who were forced
to move out.

FreshStart said a re-inspection had taken place in the past two weeks and it should be signed off soon. A register on the Chief Fire Officers Association website shows the notice is still in force.

credit: James Graham - thebusinessdesk

Fresh Start Living Limited has approached creditors with a view to agreement to a CVA (company voluntary arrangement). It is insolvent.

Any creditor considering this option should bear in mind that the director of Fresh Start Living Limited, Philip Wright, placed his last company (Wrightchoice Developments Limited) into a CVA which failed.

Wrightchoice Developments Limited is now in liquidation. The value of creditors is 6million.

NO ONE HAS RECEIVED A PENNY.

I am currently having dialogue with my solicitors (local) and I am also in discussions with solicitors in Scotland (due to particularities of Scottish law). It seems that the best course would be a class action between as many investors as possible, spreading the costs and making the action cost viable. 
I am contactable on email on nilak@btinternet.com from which i can then provide further details, contact numbers etc.
I am certainly not one to give up on this issue and I am determined to get a successful resolution.

Many of us continue to not receive payments from FSL. As a result, some of us are taking legal action and are interested in forming an owners association. Mr Goodwin-Bolton. As you say, it would be good to join forces in this matter. We represent 6 units at the moment. How can we contact you as things are already in motion.

I am also an investor with Fresh Start Living in the student accommodation units at Greenock and i am currently owed 5 months rental on each unit owned. There is obviously a major issue with cash flow for the business and as no-one from Fresh will communicate with the investors the only foreseeable course of action may be a "class action" in Scotland. Doing this would involve as many investor in similar situations to spread the cost of the fees, as individual actions are not cost viable. I am currently looking into this course of action with solicitors.

We are several owners at another site.. Greenock Halls of Residence in Scotland. We are experiencing exactly the same problems and looking into starting legal proceedings. How do you feel is the best way to proceed?