- The House Crowd

Twelve Month Progress Report for Investors, 14th March 2022

Dear Investor,

Following the conclusion of twelve months since appointment, the administrators have as promised, written an update on the progress made on key elements 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 administrators also meet regularly with the Investor Support Group. 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 Support Group is not managed or endorsed by the Administrators and is run by a group of volunteers.

We have provided an update on the outstanding Bridging and Development Loans on a project by project basis. In addition, we have also provided an update on HCBC1 and HCP companies.
Please find the updates here:
Bridging Loan Book (Twelve Month Update) - click here to download the PDF
Development Loans (Twelve Month Update) - click here to download the PDF
HCBC1 (Twelve Month Update) - click here to download the PDF
HCP Companies (Twelve Month Update) - 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 (and the associated downloads) 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
Third Floor
196 Deansgate, Manchester, England M3 3WF
United Kingdom