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 of Quantuma Advisory Limited as Joint Administrators, due to the financial issues that the Company was facing.
Investors should note that following House Crowd Finance (Security Agent) Limited, House Crowd Finance Limited & House Crowd Property Management Limited entering Administration on 25 February 2021, these entities have now all converted from Administration to Liquidation as of 1 March 2023 with Frank Ofonagoro, Jeremy Woodside and Frank Wessely (“the Office Holders”) acting as Joint Liquidators with The House Crowd Limited remaining in Administration.
The Office Holders priority remains 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 continue to be used to provide investors and creditors with information and is being updated when information becomes available.
Should you wish to contact the Office Holders directly, they can be contacted as follows:
The affairs, business and property of The House Crowd Limited are managed by the Joint Administrators, who act as agents of the company 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.