![]() ![]() KPMG said that at a creditors’ meeting on 15 October, a vote was passed to put HAB Land into creditors’ voluntary liquidation. They were later warned they could face losing almost all their money, and urged to back a bond restructuring, but this was rejected by the investors in September. ![]() They were offered a return of 7% to 9% over five years, plus all their capital back in early 2022. ![]() He added: “This has resulted in a considerable loss to mini-bond holders who largely financed the project.”Īlmost 300 small investors put £2.4m into a “mini-bond” scheme offered by HAB Land in early 2017. After being unable to raise further finance or renegotiate existing liabilities, the directors took the difficult decision to instigate liquidation proceedings.” James Bennett, one of the joint liquidators, said: “The directors have reported that higher-than-anticipated design and project management costs, coupled with delays to the delivery of the sites, resulted in the companies experiencing significant liquidity issues. ![]() HAB Land was set up in 2014 to acquire land for building projects in Winchester and Oxford, while HAB Land Finance was created two years later to raise funds from investors. It is not clear how much, if any, of this debt was subsequently paid, or how much this contributed to HAB Land’s problems. However, HAB Housing’s directors recently acquired majority ownership of HAB Land – and it also emerged in July 2019 that HAB Housing owed almost £1.6m to HAB Land. McCloud resigned as a director of HAB Land and HAB Land Finance in early 2018, and HAB Housing – of which McCloud remains a director – is unaffected by the liquidation proceedings. Then in September, local residents claimed a flagship HAB Housing development in Kings Worthy, near Winchester in Hampshire, which was supposed to have been completed in 2018, resembled a “bomb site”. It has been a bad year for the TV property guru: at the same time, investors who sank money into another McCloud company, HAB Housing, complained they had not received a penny of what they had been told to expect, and had been “fobbed off”. Visit the clone trooper terminology page for more information on these variations.These two businesses form part of McCloud’s Happiness Architecture Beauty (HAB) eco-friendly housing empire, and had wooed small investors with a multimillion-pound fundraising scheme promising returns of up to 9% a year – but it was revealed in August 2019 that they could face losing up to 97% of their money.īAH Restructuring, which took a controlling interest in HAB Land earlier this year, has also gone into liquidation. We only refer to our kits based on these terms- Movie Realistic, Animated Season 1-3, and Animated Season 4-7. If you send us an email, please do not use the terms “Phase 1” or “Phase 2”. Īnimated Season 1-3 – these are the clone troopers from the first three seasons Star Wars animated TV show called The Clone Wars.Īnimated Season 4-7 – these are the clone troopers from seasons four through seven of the Star Wars animated TV show called Star Wars: The Clone Wars. Movie Realistic – these are the clone troopers from the Star Wars movies including Episode II: Attack of the Clones and Episode III: Revenge of the Sith. If you are looking for a specific type of clone trooper armor, please understand that we use the following phrases to describe specific clone troopers: We tend to not use the phrases “Phase 1” or “Phase 2” as they can be applied to both the movie realistic clones seen in Episodes II & III as well as the animated style clones from The Clone Wars television series. ![]()
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