- The House Crowd

General Update for Investors, 9th August 2021

Dear Investor,

The administrators have recently attended a further meeting held on 30th July 2021 with representatives of the Investor Support Group which has been formed by a number of investors to discuss the progress of the administration of The House Crowd Limited (“THC”) and its three subsidiaries, House Crowd Finance Limited (“HCF”), House Crowd Finance (Security Agent) Limited (“HCFSA”) and House Crowd Property Management Limited (“HCPM”). The Investor Support Group submitted written questions to the Administrators in advance of this meeting.

In the interests of transparency, the administrators have now taken the decision to publish these questions and respective answers to the wider investor community. In addition, the administrators are also able to provide a wider update on P2P loan book and development loan book – this is also referenced in the Q&A below but is being provided as part of this update.

Should any investors still wish to join the Investor Support Group this can be done by using the following link:
https://thcmoneyrecovery.wixsite.com/website

Please be advised that requests to join may take up to 5 days to be processed. The Investor Steering group is not managed or endorsed by the Administrators and is ran by a group of volunteers.

The questions, along with answers to the questions are available for you to read by using the following link:
click here to download the PDF

We have provided an update on the outstanding Bridging and Development Loans on a project by project basis. Please find the updates here:
Bridging Loan Book - click here to download the PDF
Development Loans - click here to download the PDF

Kind regards.
The Joint Administrators
The House Crowd Limited
House Crowd Finance Limited
House Crowd Finance (Security Agent) Limited
House Crowd Property Management Limited

The House Crowd Limited (“the Company”) was placed into Administration on 24 February 2021 and House Crowd Finance Limited, House Crowd Finance (Security Agents) Limited and House Crowd Property Management Limited were all placed into Administration on 25 February 2021 (together “the Companies”). 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.

This update is intended for, and should only be read by, you the account holder(s). Its contents are confidential. Any reproduction, dissemination, copying, disclosure, modification, distribution and /or publication of this message without our prior written consent is strictly prohibited.

The House Crowd Limited – In Administration
C/O Quantuma Advisory Limited
No 1 Spinningfield
Quay Street, Manchester, England M3 3JE
United Kingdom