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Don’t invest unless you’re prepared to lose all the money you invest. This is a high - risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more
Don’t invest unless you’re prepared to lose all the money you invest. This is a high - risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more
Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.
What are the key risks?
You could lose all the money you invest
If the business you invest in fails, you are likely to lose 100% of the money you invested. Most start-up businesses fail.
Checks on the businesses you are investing in, such as how well they are expected to perform, may not have been carried out by the platform you are investing through. You should do your own research before investing.
You won't get your money back quickly
Even if the business you invest in is successful, investment projects can overrun which can extend the length of time your funds are tied up in the investment.
Property investment projects and start-up businesses rarely offer to pay you back through dividends. You should not expect to get your money back this way.
The platform does not offer a secondary market. While another investor may be interested in buying your investment, there is no guarantee you will find a buyer at the price you are willing to sell.
Don’t put all your eggs in one basket
Putting all your money into a single business or type of investment for example, is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments.
The value of your investment can be reduced
If your investment is shares, the percentage of the business that you own will decrease if the business issues more shares. This could mean that the value of your investment reduces, depending on how much the business grows. Most start-up businesses issue multiple rounds of shares.
Any new shares or additional borrowing may be payable before the existing shares which could further reduce your chances of getting a return on your investment.
You are unlikely to be protected if something goes wrong
Protection from the Financial Services Compensation Scheme (FSCS), in relation to claims against failed regulated firms, does not cover poor investment performance. Try the FSCS investment protection checker here.
Protection from the Financial Ombudsman Service (FOS) does not cover poor investment performance. If you have a complaint against an FCA-regulated platform, FOS may be able to consider it. Learn more about FOS protection here.
Please note that all the information provided below and in the following tabs has been supplied by Prime City Developments and that this has not been verified by LEOpropcrowd.
Pamela and Sean Lindsay are experienced property developers and residential landlords, with a portfolio of properties worth over £8m in Central London. They specialise in identifying and maximising opportunities to add value to their investments and have gained a wealth of construction, financing and deal-hunting knowledge in their 20+ years in property. Blackstock Road was Pamela and Sean’s first major renovation project, involving the conversion of a Victorian terraced house into 3 self-contained flats.
The property at 93 Blackstock Road was a single dwelling when Pamela and Sean first purchased it in 2004. They recognised the growing demand for smaller, cheaper accommodation particularly in London, so they decided to convert it into 3 separate, self-contained flats. The overall layout comprises a 4-bedroom flat on the ground and lower ground floors, a 2-bedroom flat on the first floor, and a 2-bedroom maisonette on the top floor. The project involved close liaison with Hackney Council’s Planning and Building Control departments to complete the project and they also had to satisfy a number of Health & Safety requirements.
FINANCIALS
Acquisition Date: August 2004 Initial Purchase: £420,000 Development Cost: £160,000 Total Costs: £580,000
● Natural leader with excellent communication and interpersonal skills ● Master negotiator ● Excellent business instincts ● Experienced at achieving difficult planning approvals, e.g. A1 to C3 use class. ● Graduate in Business Studies ● Passionate about property education and has attended numerous relevant property courses (both commercial and residential).
Sean Lindsay
Director
Sean Lindsay
● Hands-on Master of All Trades ● Vast first-hand experience in engineering of new builds, conversions and quantity surveying ● Excellent eye for details ● Experience with dealing with Building Regulations and Listed Building Consent ● Excellent management and leadership skills ● CDM and Health & Safety Experience