A minibond company which has raised more than £25m to invest in property has missed a second consecutive interest payment.
Blackmore Bond, which is yet to pay the quarterly coupon payment that was due in October, has told more than 2,000 investors that it is also unable to pay January’s interest.
The firm, founded by Patrick McCreesh and Phillip Nunn in Manchester in 2016, has failed to file its 2018 figures with Companies House. They have blamed the firm’s problems on a slowdown in the housing market last year that had delayed sales.
