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Cavern Walks

  • Cavern Court First Floor 8, Mathew Street

23 member reviews

Marina Storgaard

user

Liverpool, United Kingdom

" Signature Works does not own the building (Bling-Bling) and sold "titles" to the investors "

I have invested in Bling-Bling with Signature Works in 2017, with an option to sell the investment back to the Signature Works after 3 years upon maturity period on 30 March 2020. During the time of investment, I have received my rent every quarter without delays. However, the 4thQ of 2019 the payments were missing, and I have contacted investor relations at the given e-mail. I have received a reply that they will look into it, and come back. Never happened. After a while, I contacted the investor relations again, and received a reply that the core staff have been laid off and that investor relations have been taken over by a responsible staff that asked me to be patient and promissed to look into the issues and come back. Shortly after, the coronacrisis happened, and the message I have received was that the company terminated all the payments of the interest not only to the private investors, but also to the banks and other creditors. In the meanwhile, the maturity period of my investments has come to an end and I sent a legal notice notifying of a put option. Thus, the company should have recognized the receipt, and though in difficult financial situation (which is understandable), should at least have confirmed that they are in possession of the legal documents. Never happened. I have got concerned and seeked legal advise with one of the Helix Law solicitors. He then found out that the legal contract that I had with Signature Works, was nothing but a useless piece of paper, as the title on the Unit wich I have "purchased" and which was mentioned in my contract, has never existed. Moreover, the findings of the solicitor were that the Signataure Works does not hold ownership of the Bling-Bling building, which was a complete shock for me. I am looking for other investors with Signature Works to join the efforts in legal actions to recover the investments against the Signature Works and Lawrence Kenwright in particular.

Tip from user

Signature Works does not repay the investment upon maturity, nor does it hold ownership over the Bling Bling building that it "sold" to investors

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Read other reviews of Cavern Walks

Maureen Mkenzie

2 Reviews

2 Helpful Votes

"They do not pay their investors " 

January 2020

I am a client of Signature works have been since 2017 and they have not paid the return interest that they should have and will not give the reason getting legal advice

2 Thank Maureen
Maureen Mkenzie

2 Reviews

1 Helpful Vote

"They do not pay their investors " 

January 2020

I am a client of Signature works have been since 2017 and they have not paid the return interest that they should have and will not give the reason getting legal advice

1 Thank Maureen

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