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A site petition blog for investors who want their deposit back.
Sunday, 23 November 2008
PETITION TO DYLAN HARVEY
ALL VISITORS TO THIS SITE ARE LEAVING COMMENTS ON THIS BLOG TO PETITION FOR THE REFUND OF THEIR DEPOSIT PAID UPFRONT TO DYLAN HARVEY. PLEASE SHOW YOUR SUPPORT TO ENSURE DYLAN HARVEY FULLY REFUND THOSE CUSTOMERS WHO FEEL THAT THEY HAVE BEEN MISLEAD, SCAMMED AND RIPPED OFF.
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162 comments:
The recommended course of action, if you wish to have your deposit refunded, is to contact Messrs. Cobbetts, Solicitors. Their website is:-
http://www.cobbetts.com/Home
They are already acting on behalf of a group of investors in this matter.
Yes I have heard about these guys but they charge £500 upfront. What are they doing at the moment? Has anyone got their money back by using them? These are the key questions that need answering.
There is also another firm of solicitors acting who I have spoken to today. They are working on a collective plan, sharing the cost between all the investors. Please contact me if you require more information.
Does anyone else know how to lodge a claim to be repaid if the company had to be wound up? I.e first in the queue of creditors?
unfortunately no, I'm not aware of any such claim proceedure. There is a way to get your money back if you paid by credit card but you will have to check with your card issuer.
Anonymous said...
"Yes I have heard about these guys but they charge £500 upfront. What are they doing at the moment? "
Well, you would have to pay a solicitor's fees if you decided to complete the purchase, wouldn't you? You weren't seriously expecting them to do it for nothing were you?
Who are the other solicitors involved in a group litigation please?
I need help
Just to make you aware the last blog didn't get shut down because of the defamatory comments. I know the last blog owner personally and It was closed by him becasue he was being personally threatened by the associates of Dylan Harvey. Be careful they will use any means to get sites like this shut down!
for more information try this forum ..skyscrapercity dylan harvey latest update..
get in touch with Crains,reporter
Simon Binns is interested in DH unhappy investors
Dylan Harvey took deposits for Zararchie towers on store street ,the only development on that site was called Gravity Towers built by Browns Construction for Time Tide ,i think you have been ripped off
how can dylan harvey take deposits for a development,that has nothing to do with them ,thats fraud the police should be involved.
As said earlier,the last blogger,was not paid off,he was persuaded to close blog ,or he might not see xmas.His blog was doing untold harm to dh
This is the other firm dealing with group investors: http://www.pannone.com/
I don't have a contact just yet.
Has anyone had any progress with either of these solicitors?
Pannone are supposed to be sending an email out this week to all the investors with an update. Let's hope its good news.
How do Pannone know who all the investors are?
Are they acting on behalf on Dylan Harvey? I don't see good news coming our way!!
I have just spoken to Pannone and they are putting together a group litigation. I have had a request from Sean Hackett that any interested clients call him on 0161 9094164. He has given me authority to post his contact details...we need to get going now..
http://www.skyscrapercity.com/showthread.php?t=552054&page=5
More info on here.
If we have more sites or forums on the case then we can create more of an impact. Lets have all sites/threads work in unison.
you need to leave your blog details on skyscrapercity and landlord zone dylan harvey for more investors to know you are here
Thank you, I will work on some links. If anyone with a skyscraper account can help I would appreciate it. The important message that Dylan Harvey need to realise is that we wont back down and we are stronger as a collective group.
Anonymous said...
"Well, you would have to pay a solicitor's fees if you decided to complete the purchase, wouldn't you? You weren't seriously expecting them to do it for nothing were you?"
Of course not, but it's a very easy way to fire off a few threatening letters for a nice sum of money. What result have they achieved so far and what does your money get you?
Dylan Harvey have deposits for clippers quay and Zararchie..
Both developments on indefinite hold..500/600 deposits which they refuse to refund,this is a criminal action.
solictors are the only way you will get your deposits back.Blogs are a great way of bringing people together,gaining info ,offering support,many investors think they are on there own till they find blogs like this.Their is strength in numbers,and DH will not like the bad publicity,they are struggling with Mann island and it cost them £70 million
Does anyone have an update for St Petersfield? Last time I checked they were "looking to relocate the car park" before starting the build. They said the completion date is due for 2010 TBC now changed from mid 2009!
Also I checked with 'ASK developments' (and this is interesting), the rest of the project they are involved with appears to have been called off and they are refunding deposits........
What is more interesting is the picture they use:
http://www.askdevelopments.com
Look familiar?
ttp://www.st-petersfield.com/
Has the author of this blog ,been in touch with Simon Binns at Crains Business News.He is preparing to do a piece on Dylan Harvey.Toby Whittaker did tell him anybody can have a refund.
Anonymous said...
"Has the author of this blog ,been in touch with Simon Binns at Crains Business News"
No I haven't yet, I will send him an email to see if I can help or be involved in any way. Thanks for letting me know.
****I have just received an email from the solicitor at Pannone**** It is VERY URGENT that all those involved in wanting their money back call him straight away.
They are looking to draw a line under the investors they have involved with the litigation to avoid it being an open-ended law suit
The blog owner posted the address above but here it is again linked: http://www.pannone.com
This is a good development but what about all the other investors??
I am trying my hardest to get this site noticed so we can bring more on board quickly. Any extra help would be greatly appreciated. Just so you all know, I have put in a google submit request and also generated some META tags with the keywords "rip off" and "scam" to help identify with the original blog.
Dylan harvey have asked me to meet to arrange, exchange of contracts for Zararchie,what do i do .Has anyone else received this letter,
Found another blog,dylan harvey cons.The more people we can find the better .
Last post:
You need to speak to one of the solicitors mentioned in this blog or find your own local one ASAP. The two listed here 'Cobbetts' and 'Pannone' have a greater knowledge of how Dylan Harvey operate. I would not sign anything if it was me.
DH keep taking the p**,exchange contracts,on what ,pie in the sky.
Time tide went into admin,the credit crunch has stopped all major developments,dead in the water.They refuse any refunds and try to make you transfer to Mann Island.
Nobody should be foolish,see a solictor,do not entertain exchanging contracts on Zararchie
Have they given you a build start date?, completion date?, Who the build contractors are?, Have they secured finance, if so from which Bank? I bet NOT...They are trying to lock you in on a scam...
Do not under any circumstances exchange contracts... Contact Pannone now...
To be noticed more,include Clippers quay,Gravity tower,Mann Island,Zararchie,La scappe,no refunds,as tags it will make a big difference
They did not reveal any details,just for me to get in touch to arrange,a meeting with Talbot or Whittaker asap with a view to exchange contracts,
There solictor would do the transaction for a fixed fee of £500
The link for the other site is dylan harvey rip off blog.
If you exchange contracts you are in deep and have to purchase whatever they finally come up with, thatever that may be, if anything!
If you pull out after exchange, they can legally keep 10% AND sue you for the full purchase price....
Let this be a wake up call,for anyone who has not been in touch ,with the two legal firms,starting action.
Dylan Harvey have continually refused to give refunds,and i hear are now asking investors to exchange contracts on developments that have not had a brick laid.
Please do not let them get you into a black hole that you cant get out of.This blog is a help to us all,for advice,info ,keep blogging,seek help as adviced.
Are Dylan Harvey just merely a third party on some developments hired to sell them? That ASK development site posted by a previous blogger appears to be the same sales pitch. Have we all been duped?
Correct, Dylan Harvey are no more than a sales outfit, they buy off other developers at a discount....they have the flash office and cars and draw you in with their sales patter and they dupe people like us.
They probably knew all along that these developments were pie in the sky! and should not have been selling them, as they are not even theirs to sell!!!!
We all know the actual developers of Clippers and Zararchie etc are not building, it means that DH have nothing to give us, and they should in theory hand back all deposits to investors, but this will not happen becasue DH are allowed to get away with it!! Its actual fraud and when the police are presented with the evidence will have to act.
Big Al's comments are true ,dylan harvey just take deposits,on many developments years ahead of schedule,big commissions are paid to sales staff.
They even made their own name up for a development,ZARARCHIE...
The true developer named it GRAVITY the eastern gateway into the city.
It is not only those who have completed the purchased of a new house or, apartment who face difficulties in the current credit crunch and housing slump. There are also problems for those who have made deposits on new developments still to be constructed, where purchasers now face the risk of losing their whole deposit.
Just over one year ago on May 20, 2007 the Mail on Sunday featured an article about the Man United player Ryan Gigg's investment in a 'swanky' new proposed development at Clipper Quay, Manchester.
The speculation concerning this development is allegedly now that the Manchester developer Dylan Harvey have put the breaks on Clipper Quay and will not be proceeding for the foreseeable future. Until such time as the property market picks up and cheap mortgages and or, low deposit mortgages once more become available. Where supposedly more than 50% of the 650 would be investors and purchasers would now struggle to obtain any mortgage and unable to complete their purchase, making the construction of proposed development no longer commercially viable.
This being in total contrast to last year, when on making their original 5% deposit investors were advised they would be able to obtain a 85% LTV mortgage. Such mortgages which clearly are no longer available nor indeed foreseeable for the near future. Given the current state of the market prices I personally cannot ever see these luxury apartments at Clipper Quay will be built, if ever, for some considerable time.
This coincides with a time where Dylan Harvey are also alleged to be heavily financially committed to other major property developments including Mann Island, Liverpool and La Schappe, France, where both developments are under construction. Construction projects which have required major upfront investment by the Dylan Harvey group and have also witnessed other like minded football millionaires making large scale investments to boost their property portfolios.
What then is the future for the myriad of both super investors and home seekers, including first time buyers, on Clipper's Quay? Will their money be refunded, will they lose everything, or will they receive payment of interest on their deposits until such time as the development proceeds, where banks such as Kaupthing Edge and ICICI are paying up to 7% interest on term deposits?
It would make interesting reading to know how Ryan Gigg's personally now feels about his investment at Clipper Quay or, is this now a rhetorical question?
Raylut.
I know of at least one investor who has presented, the dh scam, to the police ,initially they told him it sounded like a case for trading standards.DH tell trading standards,the usual bull**** it will be built to keep them quite.
For the police to purse any further,they need more investors to complain.They have all paid big deposits and had nothing in return
In that case we should all discuss pursuing action with the police as long as it does not interfere with our solicitor action.
Dylan Harvey Property Investor said...
"In that case we should all discuss pursuing action with the police as long as it does not interfere with our solicitor action."
I suggest you should discuss it with your solicitor - I'm sure he/she will be able to advise whether it is worthwhile reporting to the police. My solicitor has not suggested that I should do that, so I'm inclined to think that it is a red herring. Other comments have pointed out that DH are essentially a sales organisation, but they would have been acting in co-operation and conjunction with the actual developers.
It was I who reported the matter to the Manchester Police because DH are running a fraudulant scam. In the initial contract that we signed with the Developer, it is specifically stated that the deposit has to returned to us if a number of conditions are not fulfilled.
At first we were under the impression that DH was the developer but now we have realised they are only marketing these developments and keeping the deposit.
I am not going to give more details as I have a very funny feeling that DH are looking at these blogs. I suggest that Pannone are serious and have a large legal team. We need to have confidence that as a group we will succeed.
Are the real Developers being given the deposits or have DH swallowed them?Is there a Developer who has also been scammed by DH?
i am also a poor investor robbed by one of their salesmen for another apt he was selling but sold it in the offices of dylan harvey i think this is a big big scam
In Northern Ireland there are numerous investors who have had nothing but lies and twists from Dylan Harvey and their puppets. I am so glad to see this 'coming out' now. Penonne solicitors seem to be carrying the torch, and I hope D Harvey will burn. The more people see and read these forums the better! Has anyone else been pushed to the land bank option? the commercial units may only add to our woes as they can surely tumble like apartments.
As this rip off has already been reported to Manchester police, does anyone have the relevant report number to quote, which is needed to report it from areas outside Manchester and tie it all up?
That Cobbetts solicitor hasn't got back to me yet on here to let me know what they are doing?
Anonymous said...
"That Cobbetts solicitor hasn't got back to me yet on here to let me know what they are doing?"
If you contact Cobbetts yourself, then they will tell you what they are doing. Given that Dylan Harvey staff could be reading this blog, I would not expect the solicitors to disclose what they are doing here.
The long running will-they-wont-they saga of Cala Eclipse in Sheffield has come to an end with the quiet return of deposits to investors in the post last week and not as much as a wimper from the seriously embarrassed developer.
The 22 floor residential tower designed by architects Broadway Malyan was set to stand on St Mary's Gate, part of the planned 'high rise alley' Sheffield council had hoped to realise as their way of showing the city wasn't that far behind rival Leeds in the development stakes.
Other proposals in the area failed to even get as far as planning approval thanks to the cold feet of developers looking to the increasing labour costs, the fact that the taller you build the more it costs, and relatively low house prices compared to the more in demand Leeds and Manchester. This economic effect cut into margins with levels of only a predicted 3% profit on the planned Chesham House, but developer Cala pressed on with their tower regardless.
It was marketed and indeed sold out with deposits being taken from investors in 2004 but work never actually began on site. Investors were either reassured with the standard reply that it would be going ahead and work on site would begin "soon" or alternatively their inquiries were ignored.
Sources in Sheffield meanwhile started muttering in early 2005 that the project had been terminated and Cala had quietly put up the land for sale. They were meanwhile still insisting to investors it would still go ahead as late as a couple of weeks ago and indeed our own comments on the viability of the project lately earned the ire of some more civically proud people from Sheffield who had received the same assurances from the developer.
Despite the claims otherwise, Cala returned the deposits last week without as much as a statement on the future of the project hoping that the whole issue would just go away.
We did try to talk to Cala about the cancellation of the scheme, which to our knowledge has the dubious distinction of being the U.Ks first 20 floor plus apartment block to take deposits and then return them, although rather tellingly their listed p.r information on Yorkshire was out of date. Eventually we tracked down the details of the Cala p.r for Yorkshire but failed to get a response, a move that is hardly likely to assure future investors their money they can have confidence in Cala developments.
The news that such buildings aren't viable in Sheffield is bound to raise questions about whether Cala had priced their units too low to start with and had their optimistic calculations messed up or if such projects are viable in Sheffield at all thanks to the relatively low prices they can command on the market and the ever increasing amounts it costs to build them as the demand from other cities pushes construction wages ever higher in a what is a limited work-force.
Either way, as the likes of Liverpool and Leeds are frantically building towers, Sheffield is still looking enviously waiting for something over 20 floors to start. All eyes will now be looking towards Furnival Gate and Broad Street to see if the similarly sized projects can progress past the drawing board and into actual reality.
As an update, we might not have heard a word from Cala but there's been no shortage of response from people who put their money up for apartments in Eclipse. Most of the comments on Cala are unprintable with some real anger going on but here's a more reasoned one -
"At the time I can admit I was more than off at their complete inability to talk honestly when they knew they had a large slab of cash from me in their back pockets... I now have the cash back after mulling over whether to leave it there on the far reaching off chance that they would do anything productive at all to get the scheme off the ground."
SOME REPUTIABLE DEVELOPERS DO MAKE REFUNDS
Oh my god, this is amazing, I have been so worried and upset by Dylan Harvey. Basically they took deposits of 9k each for 1 in Skyline Chambers and 1 in Fresh in Manchester Next thing I know they demanded legal fees of 5k (when I didn't even want to use their solicitor) payable by 5pm that night to force exchange so I had to get emergency loan. They told me if I had doubts I could pull out and they would refund deposit. I rang them to pull out of Fresh but was told I couldn't even though I explained I was facing bankruptcy and repossesion they just told me my deposit would be held in account for another property which I don't even want, I just want some of my life savings back. I am now living in the flat with an extortionate mortgage I can't afford because can neither rent or sell it. They still have 9k of my money and I can't afford to get legal advice. They basically threatened me when I tried to renege on it and now although I was told Fresh (my phase) would be built by 2009 it now isn't being built at all. I wouldn't mind but one of my best friends is the site secretary and she said they knew back in 2006 it wasn't going to go thru' but they continued to harass me. Michael Talbot sold me the plots and has since been unobtainable except when I have been trying to get out of things then he has been on the phone straightaway. Plus the valuation I was givenm of the projected value is massively over inflated and thats without the effects of the delightful credit crunch
You need to speak to Sean Hackett at Pannones
The guys at Pannone have released an email today detailing coordinated group action. We need to all decide who will be prepared to act as the voice of the group?
We are now page 2 in google for Dylan Harvey blog. Any links to help climb the rankings will do wonders now! We need to be listed for scam and rip off!
Having noticed ASK developments of manchester mentioned on various web pages/forums etc relating to D Harvey gangsters, I have been reliably informed that they (ASK) in fact own the land proposed for Clippers and not DH. Scumbag Whittaker has insisted that he put 3 million of his own money into Clippers quay...for what?, they don't even own the bloody site it seems! Contact ASK developments and they will confirm this. DH were only going to be a front for this development - the original plan/architecture/construction was being controlled by ASK developments - so what costs have DH incurred from Clippers Quay ....nothing. If they have now been able to offer various investors some other alternatives for their deposits(albeit dubious ones - as how can you trust thieves) then surely they have the freedom to divert our cash from somewhere...so why not divert it back to where it belongs?? - to us. BY PD Glasgow
Investors in £7m class action claims against Dylan Harvey
12:00 a.m., Mon - Claimants are seeking a total of £7m in two class actions brought against Salford-based property broker and developer Dylan Harvey Group Ltd.
SIMON BINNS STORY ...CRAINS
ben rooth
15/12/2008
A PROPERTY management and development company is facing legal action from 30 customers who fear they may lose more than £320,000 worth of deposits on apartments between them.
The potential legal action against Salford-based Dylan Harvey Group is being led on the behalf of the investors by Manchester law firm Pannone.
It is alleged that other property companies involved in the same developments as Dylan Harvey have told customers that the schemes are not proceeding and returned deposits.
A spokesman for Dylan Harvey said that its schemes in Manchester and France will continue. However, one scheme in which the firm is involved is Clippers Quay, in Salford, where the builder has confirmed the development has been postponed.
The Dylan Harvey spokesman blamed the global economy for creating funding problems for clients.
He said that some people were having difficulty in borrowing enough. He said: "We are just trying to do what we think is the right thing to do."
Richard Price, a partner at Pannone, confirmed he is leading the potential group action against Dylan Harvey for 30 clients `who are faced with losing their deposits on properties in a number of developments in the north west and one in France'.
Mr Price said: "The people involved face losing in excess of £320,000 in deposits paid to Dylan Harvey for properties purchased off-plan.
"There are reports that other property firms involved in the same developments as Dylan Harvey have informed clients that these projects are not going ahead and have returned deposits.
"However, Dylan Harvey clients have not been informed of the apparent cancellation of these developments. My advice to anyone who has paid a deposit to the Dylan Harvey Group on a property in one of these developments and cannot recover their money is for them to take legal advice as soon as possible."
Dylan Harvey Group was founded by Toby Whittaker, who named it after his two eldest sons. It remains privately owned and specialises in the development and management of residential and commercial properties, including city centre apartments, hotels, offices and complete business parks.
Michael Talbot, a sales executive at Dylan Harvey Group, said that the global credit crunch has resulted in some of its customers not being able to get the funding they need for apartments.
He said: "We recognise that people have saved up the money to pay the deposits and we do not want them to lose those deposits.
"We have been ringing them up to notify them that they might need more money to complete or give them the option of looking at other schemes.
"But we can't give them their money back because it's tied up in the investment.
"The reason for what's happened is because the global economy has changed and the knock-on effect is that banks aren't willing to lend as much money to individual customers as they may have been first able to borrow.
"What people originally agreed to buy, they are finding that they can't now borrow the money they need.
"If a customer can't afford to complete on the pre-agreed apartment then we are now contacting them to offer them other options."
A spokesman for ASK - the developer involved in Clippers Quay-said: "Ask Life has decided to postpone its mixed use scheme at Clippers Quay, Salford, due to thecurrent difficult market conditions.
"The company'scommitment to Salford remains as strong s ever and we propose to revisit our plans when more favourable market conditions return. Ask confirms that we are not party to any of the residential transactions and it is is the sole responsibility of Dylan Harvey to respond to those who have put a deposit down for this element of the scheme."
Here you go...
Investors in £7m class action claims against Dylan Harvey
Two law firms are acting for 50 claimants whose property deals with Salford broker turned sour
By Simon Binns
Claimants are seeking a total of £7m in two class actions brought against Salford-based property broker and developer Dylan Harvey Group Ltd.
The Manchester office of law firm Pannone is acting for more than 30 investors who claim they have been misled over investments in a number of Manchester residential developments. The value of claims is around £320,000.
But another group claim against Dylan Harvey — worth £6.5m — is being prepared by the Birmingham office of Cobbetts. The 20 investors involved say they were given inaccurate information about properties and that deposits have been withheld.
However, Dylan Harvey director Toby Whittaker said he had no knowledge of the claims. “We haven't had a single claim in off anybody. We haven't heard anything off any solicitors, we're not in court with anybody. Why don't they get in touch with me? They are better off just giving us a bell rather than just beating about the bush.”
Cobbetts told Crain's it intends to issue High Court group action proceedings and added in a statement: “The claim will be for in the region of £6.5m. The investors own, or have paid deposits in relation to, approximately 50 properties. The claim is based on alleged breach of contract and/or misrepresentations by Dylan Harvey.
“The breach of contract/misrepresentation claims relate to Dylan Harvey providing allegedly incorrect information regarding estimated market value, square footage, dates of completion and whether or not the property purchased included allocated parking.”
Cobbetts told Crain's it had already recovered in excess of £200,000 from Dylan Harvey on behalf of investors in separate cases, following out-of-court settlements.
Richard Price, the Pannone partner leading the Manchester class action, said it involves a number of developments in the North West and one in France.
“The people involved face losing in excess of £320,000 in deposits paid to Dylan Harvey Group Ltd for properties purchased off-plan,” said Price. “Other property firms involved in the same developments as Dylan Harvey have informed clients that the projects are not going ahead and have returned deposits.
“However, Dylan Harvey clients have not been informed of project cancellations and anyone asking for a refund has had their request refused. My advice to anyone who has paid a deposit to the Dylan Harvey Group on a property is for them to contact a specialist litigation solicitor as soon as possible.”
Price said he was concerned more developers could find themselves in a similar situation to Dylan Harvey.
“Some of them will return deposits,” he said. “Sadly there will be others whose clients will need to take legal advice in order to see if they can recover their money.”
'Funding issues'
Crain's has spoken to around a dozen investors who claim Dylan Harvey has withheld deposits against their wishes or encouraged them to switch funds to other projects.
One investor, who asked not to be named, paid a £21,000 deposit for two apartments in Zararchie Tower, also known as Gravity, near Manchester's Piccadilly railway station. The scheme is now unlikely to go ahead, according to developer Time and Tide.
“Dylan Harvey told me very recently that Zararchie Tower was going ahead, but there had been funding issues,” sad the investor. “They were quite vague.
“They wanted me to switch my money to another investment but I wanted to invest in that property. I wasn't taking the investment lightly. I wanted to buy in to a particular project, so I think they are in breach of contract.
“I've not been given what I paid for. I also asked Dylan Harvey for a risk summary and a revised valuation based on when I first invested my money, but I've heard nothing back. I'm not prepared to walk away from this.”
John Asplin, director of Time and Tide, said: “Unfortunately the credit crunch has impacted on the commencement of Gravity, and it has therefore been delayed until such time as the market returns.”
Another investor, based in London, has invested £6,500 in the Clippers Quay apartment scheme in Salford, originally planned by Ask Developments. He told Crain's he had heard nothing from Dylan Harvey about the scheme's progress for almost a year until he asked for an update in May.
“I was told the credit crunch had delayed the project, but was then told a few weeks ago it was going to start on site in January 2009. In the meantime, they had tried to get me to switch my money on to other schemes.
“There has never been any contract and as I hadn't received what I paid for, I want my money back.”
Ask Developments said its Ask Life unit had decided to postpone the start of Clippers Quay because of challenging housing market conditions.
It added in a statement: “Ask confirms that we are not party to any of the transactions and it is the sole responsibility of Dylan Harvey to respond to those who have put a deposit down for the residential element of the scheme.”
In its last filed set of accounts, to February 28, 2007, Dylan Harvey Group Ltd had a turnover of £67m, pre-tax profits of £1.4m and net assets valued at £2.5m. The firm employed 17 people and spent £812,000 on salaries. Directors' emoluments totalled £101,000. Toby Whittaker, Michael Talbot and John Slater are currently listed as directors of the company.
Duncan Farmer MAIL ON SUNDAY 5/1/09Steven Gerrard, who was charged with assault last week, has bet a massive £5m on the city's property prospects, by buying three penthouse apartments at Mann Island, a waterfront development by developer Dylan Harvey next door to the Three Graces. 'I am quite surprised it's being built,' says Phil Furlong of Liverpool estate agent and auctioneer Venmores. 'Already several other developments have been shelved and Mann Island started very late in the property boom.'
More worrying for the liverpool captain is the fact that the developer,much to the fury of buyers,has already cancelled one project in m/c and the other building maybe in doubt.
An online petition has been set up attacking D/H whose boss Toby Whittaker is a close friend of Gerrards,and a M/C law firm,Pannone is preparing legal action on behalf of dozens of disgruntled clients who claim to have lost several hundred thousand pounds ,Whittaker declined to comment
have paid over circa £18k as deposits on 2 apts in Clipper, have not signed contracts, paid £4k in fees to broker, now all gone to ground and cannot get a refund
MESSAGE TO DYLAN HARVEY CUSTOMERS
I would like to take this opportunity to ask any Dylan Harvey customer who has dealt with myself and is unhappy to contact me directly on my mobile number, however since I am mostly in meetings that can last several hours, you can also contact me P.A. Ruth Almond on 01282 777 378.
I take great care and pride in the fact that people to deal with myself receive an excellent and truthful service and find myself bemused as to why people would rather post items on here instead of contacting me to sort out any issues they may have.
I would also like to take this opportunity to point out that Dylan Harvey have successfully completed over 4000 property transactions since 2002, the vast majority of which are extremely happy with their investments and are taking advantage of very low interest rates that we now enjoy. We are looking forward to a successful 2009 and are excited about our numerous commercial developments that are forthcoming.
I would like to assure you that anyone who feels that they have been mistreated by myself or Dylan Harvey will get my full attention in listening to your issues with a view to resolve them.
Kind regards
Lawrence Whittaker
Hi,I'm coming in late on this, I put down a deposit on an apartment in Paradise Liverpool 14months ago, things have been stalled several times including changing solicitors which I believe is about to happen again! I've emailed DH and they say they haven't received any emails from me and a letter will be sent out this week. Am I too late to join a team taking legal action? is any one else in the same boat with paradise?I'm in Belfast and can't simply call to a DH office and didn't know of all this until the last few days. If some one can tell me if there is a law firm still taking names I would be very grateful.
liamxrv, your best bet will be to contact one of the law firms involved direct:-
Cobbetts: http://www.cobbetts.com/Home
Pannone: http://www.pannone.com/
Lawrence, sorry but this is coming far too late in the day for talking reasonably with your company.
Your brother Toby is the worst person i have had the displeasure of dealing with. This is coming to a head now, see you guys in court.
In reply to a recent post by liamxrv please contact Pannones Solicitors and ask for Sean Hacket on 0161 909 4164 regarding your issues.
like yourselves I have contacted pannones but....when I placed my deposit, DH where very pressing for the initial 2000 and I paid this using my credit card.
the balance I paid within 30 days via bank transfer as required by the reservation agreement with DH.
Section 75 of the consumer credit act has come to my attention which states that even if 1 pound of a total purchase (up to 30k) is paid using a credit card then the cc company must provide insurance for the whole amount.
Here is a link
http://www.moneysavingexpert.com/shopping/section75-protect-your-purchases?gclid=CNCAho2ijpgCFQpTtAodLWGmCw#deposit
It maybe more complicated than it sounds to pursue via cc company, I really dont know but maybe this is of help to some people out there...
I believe this insurance would also pay out should DH decide to liquidate themselves to move away from their responsibilities.
any thoughts? or anyone with a good knowledge who can comment how realistic this route is? and give accurate statement of what we can do?
Anonymous said...
" DH where very pressing for the initial 2000 and I paid this using my credit card."
You say that you have contacted Pannones - I would have thought that they would be the best people to advise you on that matter! It seems to involve the law, which is what solicitors deal in!
I guess lawyers might argue about what constitutes the "total purchase" - in this case, it might mean the whole cost of the property, which is probably more than 30K? Definitely one to ask a lawyer about!!
I have invested on 2 different apts. I have also paid a broker fee of £3000, when I queried this the agent said it covered solicitors fees, a booking fee, furniture, etc. Later I found out this was just a broker fee. Would the litigation cover this booking fee?
A number of people are asking questions on this blog which clearly relate to legal matters. Please remember that this blog may well be read by DH staff, so that it would be very unwise to discuss these matters on such a public forum.
Therefore, if you have a question of this nature, please ask the solicitors direct, rather than risking revealing too much information to DH.
I have also been called by Dylan Harvey askingI would me to re-invest in another development. I made it very clear that that I did not want any further dealings with them and that I want my deposit back -to which the reply was that the deposit money went to pay for planning costs etc and could not be returned! THE BATTLE BEGINS
Thank you for all the comments so far. Now we have a Whittaker posting on our board, is there anything anyone wishes to ask?
Bring on the battle! I work for Dylan Harvey and know for a fact you will not get your money returned. Good luck with your claims you're all just wasting more money - Dylan harvey lawyers will crush you all!!
That last post from 'Dylan Harvey' is of course a hoax, but it's slightly amusing that he says:
"..Good luck with your claims you're all just wasting more money"
The use of 'more' might be revealing (if it were genuine!). Suggests the initial deposits were a waste of money in the first place! I don't think even DH would be so dumb as to say that!!!
The people that work for Dylan Harvey are very arrogant and greedy, so you never know! But I guess it could be someone winding us up!
Anonymous said...
"The people that work for Dylan Harvey are very arrogant and greedy, so you never know! But I guess it could be someone winding us up!"
You have to remember that the hoaxers are trying to entice people to give away personal information, and exactly the same thing happened on the previous blog on this subject. Some people believed that they were negotiating with DH through the blog - until the hoax was exposed! Don't fall for it!!!
You also need to at least understand the other side's perspective - they don't want the publicity that comes from this blog, so I am sure that they will not participate in this blog, other than perhaps to tell you to contact them direct. You should also bear in mind that many businesses do not say anything in public (which this blog is) without going through their PR consultants. The public perception of a business is very important, and, whatever you happen to think of that particular business, they won't want to damage that image by provocative comments on a blog.
Below Dylan harvey notice of petition to wind up the developer of Zararchie Tower. Surely this is evidence of this project doomed!
From the London Gazette.
Date: 14 January 2009 Issue Number: 58949 Page number: 557
Publication Date: Wednesday, 14 January 2009
Notice Code: 2450
Petitions to Wind Up (Companies)
In the High Court of Justice (Chancery Division)
Companies Court No 9691 of 2008
In the Matter of TIME & TIDE (STORE STREET) LIMITED
and in the Matter of the Insolvency Act 1986
A Petition to wind up the above-named Company of The Stables, Woodlands, Silver Street, Goffs Oak, Waltham Cross, Hertfordshire EN7 5JD, presented on 3 December 2008 by Dylan Harvey Residential Limited, Quebec Building, Bury Street, Manchester M3 7DU, claiming to be a Creditor of the Company, will be heard at the Royal Courts of Justice, Strand, London WC2A 2LL, on 4 February 2009, at 10.30 am (or as soon thereafter as the Petition can be heard).
Any person intending to appear on the hearing of the Petition (whether to support or oppose it) must give notice of intention to do so to the Petitioner or its Solicitor in accordance with Rule 4.16 by 1600 hours on 3 February 2009.
The Petitioner’s Solicitor is Jobling & Knape, 5 Aalborg Square, Lancaster LA1 1GG. (Ref CNH/D012051039.)
7 January 2009.
MORE NEWS.....DYLAN HARVEY WANTS GRAVITY CASH BACK..Manchester based Dylan Harvey Residental Ltd has lodged a winding up order against Time and Tide (Store Street) Ltd, which had planned to build Gravity — also known as Zararchie Tower — near Manchester's Piccadilly Station. Both Time and Tide Homes and Time and Tide Construction are in administration, with the former owing £9m to creditors. It is unknown whether they will receive a payout. Dylan Harvey Group Ltd is currently the subject of two class actions by separate groups of buy-to-let investors who are trying to recover deposits. Pannone in Manchester is leading one action; Cobbetts in Birmingham is handling the other. One investor, who put down £20,000 on two apartments in Gravity, told Crain's: “If Dylan Harvey is trying to get money back from that scheme, it should be coming to investors in that scheme.” Toby Whittaker, director of Dylan Harvey, and John Asplin, director of Time and Tide, failed to respond to messages left by Crain's.
Thanks to those who have posted news updates, it is all very interesting reading. I hope you are all progressing in your claims, if not then please do use the solicitors mentioned. Has anyone heard of other solicitors who are working on the retrieval of deposits? No matter how small the company it doesn't matter, we need you to let us know.
We have certainly hit Dylan Harvey with this blog!
Thanks and keep posting!
Crains and their reporters have done a superb job reporting this story.I think they deserve a big thank you from all investors.
Hallo Dylan Harvey Property Investor we are interested in your working on a collective plan how do we contact you for information
we have paid substantial deposits for both Zararchie and Mann Island.
We were requested to exchange with one(which we haven't done because we were working through someone wiser than us) but unfortunately were threated with the loss of our deposit if we didn't exchange for the other and we are now concerned that, due to the economic climate we may not be able to get a mortgage when it comes to completion time. We would like our deposits back and we do have a letter to say that if the building does not materialise we would get our deposits back
Just a quick update to everyone, we are making huge strides within google and other major search engines, many more potential investors are finding our site when searching for Dylan Harvey. Hopefully they wont make the same mistake!
A quick note also, if you paid your deposit to Dylan Harvey by credit card then you may be able to claim your money back through your card provider. Check with your card provider after talking to your appointed solicitor. This method is called a 'chargeback' but there are certain rules.
Check here: Chargeback article
Contact Pannone LLP - Sean Hackett 01619094164, they have a team of people working on the clients claims against Dulan Harvey.
Do Dylan Harvey not have souls or ethics, is this the way Mr Whittaker wants those two unfortunate boys to grow up. He needs to grow up, wise up and pay up as this will be chased on and on. So sleep well Toby cause I will, as I am on the good side of right and wrong, and the right side of good and bad.
Has anyone seen the site:
Find Offplan Property UK.
Is this a New Dylan Harvey lure? All the properties and sales pat look strangely familiar
Have you got a web address? Then we can post it to warn others.
Dylan Harvey Property Investor said...
"Have you got a web address? Then we can post it to warn others."
I didn't post the first message about this, but I believe it must be this one:-
http://www.find-offplan-property.co.uk/home.htm
Certainly, some familiar developments there!
you need to be aware that DH now have nothing to do with the residential market...everything is now commercial or land sales. They have also moved out of their offices in Manchester and are now based in the Padiham offices. If i were you i would ensure that your claims against this company are dealt with straight away because i have the feeling that they will be shutting DH Residential which is just an arm of the DH Group
have a look at:
www.find-offplan-property.co.uk
let me know whether you think this is too familiar - I recognise a lot of the DH developments on it and I apologise if this is a legit website
that site is not DH they are to flashy in their image. The north west properties are DH but this must be someone that has bought off DH and is now trying to sell on.
I paid deposit 8700 dylan harvey property ( hatton gardens in liverpool), the completion date given verbly was dec 2008, sept 2008. I have received mail from dylan harvey sales manager asking to call me, when I called him, he told that there will be delay and the development might not go ahead, he had asked me to change another development, I have told him that i needed a refund. He told that they have paid another company to build that site, and they can't give me my money until they get the money from them, which was complete lies, I have asked him to do the in writing, which i am still waiting. I have been emailing them weekly without any response response. could someone direct me to correct procedure in order to get my money back
Good afternoon folks.
Another disgruntled Dylan Harvey investor who is looking for his deposits back, but never realised there was a group litigation on the go. Could anyone advise as to how gaining deposits back is going? I realise i have probably missed the boat as a group but any info/advice would be greatly appreciated.
I have transferred my deposit from clippers quay to m8 business centre does anyone know if DH commercial properties a sound investmen
has anyone got their deposit back. why cant we go to watchdog????
Has anybody any feedback, rumour, comment on the DH developments at Mann Island in Liverpool. I can't get much info back on this, and solicitor doesn't respond to my questions either.
Re: comment on the 16th March.
If DH has come out of residential then who are taking care of the Mann Island development which I am led to believe he has bought all of the apartments to sell on - we have a deposit on one and expecting to complete at the end of 2009!
dear investors who have placed their faith in Pannone solicitors or the other one, Have you had any positive outcome/feedback yet, have you asked them what your financial liability will be with them if you lose your case to get your deposit back I am interested as I want to also get my deposit back and have spoken to pannone but he cannot or will not tell us what the financial liability could be. I am worried that it could be more than the deposit is worth
Do you think we are stupid enough to post on here, with legal update and keep DH informed.Anyone who is unhappy with their investment should take legal advice.
I would strongly advise no information regards how legal case is going,on here.
Re.I am worried it could be more than the deposit is worth ...
Deposits have been paid for projects that have not materalised,we want our deposits back not a transfer,what court in the land would not order a refund.
Wake up..
we have sent in a story to Watchdog but have had no feedback to date. I don't know what their method for feedback is perhaps the more people who send in a story the better. We have spoken to the lawyer and he said he would speak to watchdog. We also need more investors to contact Pannone so we can have another group lawsuit, anyone else interested contact them via their website
We can all see that DH are really worried now. From the recent posts it is obvious that they are trying to get information about how the legal proceedings are going.
DO NOT POST ANY INFORMATION ON ANY FORUM ABOUT WHAT YOUR SOLICITORS ARE DOING.....
This is great to see the momentum is now with us...the people. Please keep looking at this site and keep posting info/comments - but nothing that will reveal legal progress to our not so honest cowboys at DH. I am sooo glad I did not transfer my deposit to another 'scheme' with this lot...after their dirty tricks. Anyway it would be great to see a feature on Watchdog - It would surely open up the publics eye's and ears. The future is bright.
12:00 am, April 13, 2009
Dylan Harvey posts £57.2m revenue as claimants seek £7m
Seeing developer make money is "galling but hopeful' says investor
By Simon Binns
A Manchester-based property developer and broker being pursued in the courts by unhappy investors had a revenue of £57.2m in its last financial year.
Newly filed accounts for the year to February 28, 2008, show Dylan Harvey Group Ltd's turnover, was 15 per cent down on the £67.1m recorded in the previous year.
In December, Crain's reported more than 50 claimants are seeking a total of £7m in two separate class actions. They say they have been misled over investments in a number of the firm's developments, were given inaccurate information about properties and that deposits have been withheld.
Although Dylan Harvey develops small to medium-sized commercial buildings, it also acted as broker on a number of high-profile residential schemes in Manchester and other parts of the UK, including Time and Tide's Gravity Tower and Ask Developments' Clippers Quay.
They have been mothballed but investors claim they have still been sold flats in both by Dylan Harvey.
The Dylan Harvey Group accounts show a loss of £284,289, compared to a £1.4m profit the previous year, but the value of the group's fixed assets shot up to £17.8m from £3.6m and its capital and reserves also increased 422 per cent to £4.5m from £872,000.
The company's net asset value stood at £4.5m, up from £872,000 in 2007. It also had £133.7m of stocks — commercial and residential property held for resale — and a work-in-progress pipeline with a value of £564,000. Short-term creditors are owed £12.6m, with a further £7.6m owed to long-term creditors.
The company had secured debts — made up of bank loans and hire purchase contracts — of £9.9m, secured by legal and floating charges over group assets.
The firm's wage bill stood at £1.3m, up from £900,000 in 2007, as it doubled its staff numbers to 34 during the year. Directors' emoluments — shared between four directors — stood at £156,000, up from £101,000 the following year. One of the directors, Toby Whittaker, also the majority shareholder, was owed £740,000 through a directors' loan.
In the accompanying report, directors said they were “satisfied” with the results for the year despite a rapidly declining property market.
They said new business centres in Burnley, Liverpool and Blackpool which were due for completion between May and December 2009 were 100 per cent pre-sold “and demonstrate a healthy profit pipeline for the group, despite the adverse economic conditions”.
The directors add: “Whilst it is still intended that all residential property developments are to go ahead as planned, there have been delays in the commencement of certain projects,” the report added.
CRAINS BUSINESS NEWS THIS WEEK.
12:00 a.m., Mon - A third group of buy-to-let investors has launched a legal claim against Manchester-based property developer and broker Dylan Harvey.
READ FULL ARTICLE CRAINS NEWS
--------------------------------------------------------------------------------
Please could you post the article?
Does anyone have access to the article regarding the 3rd group of people taking action against Dylan Harvey? Unfortunately I have been unable to access the article as it is only available to individuals who subscribe to Crains. Would be great if anyone could paste it on this blog to get a further update.
Anonymous said...
" Would be great if anyone could paste it on this blog to get a further update."
Make sure you're not breaking any copyright restrictions first!
MORE BUY TO LET INVESTORS GUNNING FOR DYLAN HARVEY
Another claim against Dylan Harvey, Manchester-based property developer and broker was launched by a third group of buy to let investors. The investors have spent £100,000 on deposits for ten flats which they fear may never be built.
The claim is being made against Dylan Harvey Residential Ltd in relation to the Clippers Quay apartment project on Trafford Road in Salford Quays, an Ask Developments scheme.Planning permission was secured in May last year but construction work has yet to begin.
Toby Whittaker managing director of Dylan Harvey, told Crains the credit crunch has hit CLippers Quay,but its hit everyone and its not my fault.The company building the scheme has had bills to pay and has debts,so we cant refund deposits.But i ask any investors to get in touch with me and im happy to switch their deposits to another scheme.
Dylan Harvey recieved about £6.5m in deposits on the 651 Clippers Quay apartments.It took an average £10,000 per flat.
All but around 100 of those deposits have been moved to other schemes being built by Dylan Harvey, according to Whittaker.
He added ive put £2m of my own money into Clippers Quay,but we cant progress as banks wont fund that sort of development and buyers cant get the mortgages they need any more.
Whittaker said his company had a joint venture with ASK,called ASK DYLAN HARVEY LTD,although Companies House appears to have no record of it.
Dylan Harvey Residential said it procured the flats through a formal "agreement" with Ask ,but the latter said no such agreement existed.
Ask developments have been in dicussions with Dylan Harvey regarding Clippers Quay.Ask said in a statement,"However,no formal agreement or exclusivity agreement was ever entered into.Ask Development is not party to any sales transactions and nor does it hold any purchasers monies"
Ask said Clippers Quay had been postponed due to the current slump in the property market,and would revisit the plans when more favourable conditions return.
Sources familiar with the case told Crains the claimants may even pursue Toby Whittaker personally through the courts ."its more about the principle than the money .
Lawyers at Pannone and Cobbetts are preparing legal claims against Dylan Harvey on behalf of two groups who are seeking the return of a total of £7m.
DEVELOPERS SCHEME ON HOLD
INACITY CONVERTS TOWER TO CAR PARK
The site of a building that would have been the uk's highest residential tower will be one of Manchester's biggest car park's instead.
Inacity and Pridebank Ltd,joint venture partners on the Inacity Tower planned for a site bounded by Ducie Street,Jutland Street and Store Street, have been given planning permission to use it as a 390 space temporary car park for up to two years.
The car park is to be managed by NCP Manchester,will at least generate some income at the mothballed site until the market is revived.
I invested in dylan harvey on Fresh 2, and paradise, having bought through them on another development which was okay (although the ongoing costs such as maintenance etc are a lot higher than they said). Because we were unable to get adequate mortgage on paradise because of the withdrawal from the btl market by some lenders, they tried to transfer us to mann island. However, we didn't think the figures added up and declined. They now hold over 8k of my money on account, and about the same on fresh 2. Does anybody know if fresh 2 is going ahead>? I will be contacting Pannone too, as I lost my job last year and am in dire need of the funds.
Dylan Harvey are just coming out with lie after lie and are now clutching at straws. Don't these fools realise that investors who have been ripped off WILL NOT SIMPLY GIVE UP and go away. Eventually all this bad publicity will destroy the company, Toby Whittaker and his partners in crime.
Hi all, as the owner of the blog I would be interested to know how we are getting on with Cobbetts or Pannone. OBVIOUSLY I will not post ANY details on this board.
Simply:
Leave an anonymous message with your progress
-It will come through to me for approval, I will read it then delete your post for approval so that it doesn't show.
**The reason I ask is I would like to start seeing if the solicitors taking advantage of our board are making progress, if not I can start looking at other firms for all of us.
Thanks for the up to date info. This blog is making waves in Google when people search for Dylan Harvey, new investors are able to read our comments and decide for themselves what to do.
It is important that this blog becomes an information centre and not a hate bashing page. We have all been misled and had our money taken when all along the Dylan Harvey directors have known that projects have been cancelled, and yet they still continue to sell availability and promise returns that are based on pie in the sky.
Potential new investors are reading this page and it will be costing DH £000's in lost revenue. (Boo hoo).
I want to make clear that any solicitors who post on this blog are not affiliated to the author in any way and each individual should conduct their own due diligence before rushing into any agreement.
We are making progress but please be aware that there is no quick fix solution. P.S - Keep posting!!
I am a senior solicitor in the litigation department of Neil Myerson Solicitors, a commercial law firm based in Altrincham, South of Manchester.
This firm has experience of dealing with Dylan Harvey in relation to deposit disputes and I would be happy to speak to anyone who needs advice.
Neil Myerson Solicitors is a boutique commercial law firm which provides an excellent service at competitive rates.
My contact details are below
Adam Maher
Solicitor
Commercial Litigation
Tel: 0161 941 4000
Fax: 0161 941 4411
Email: adam.maher@neil-myerson.co.uk
Web: www.neil-myerson.co.uk
hi,i invested in zararchi tower,and just found out its been delayed,does any one know for how long or its ever going to be built,i want my deposit back,which solictors most of you guys using,thanks.
I am anoter investor with Dylan Harvey - in La Schappe in France. Have been trying for months for an update etc and get fobbed off and so started doing a serach and came across this blog and other items re scams by DH. I will now be contacting a solicitor as well and will have an in dpth read of the contracts I signed etc. Anyone else with a deposit re La Schape in France let me know.
i did make a purchase for zarachie tower. it was sold well to me..i got the usual crap ie credit crunch and recession means ur zarachie tower will be elayed and i had an option to purchase land for the shuttleworth mead plot with option to double orr treble my investment.. would this also be part of the scam. ?
i took on the investment after recommendation from my accountant
I am being pushed to sign & exchange on the Blackpool Airport Commercial Development, any views on this please !
The more I read here the more I am amazed that some poor sod has actually transferred his or her deposit into a dodgy
alternative 'deal' with these crooks it amazes me...a company who knowingly took deposits for Clippers Quay etc when they knew
it wasn't going anywhere. The liars would probably still take your honest cash if it was offered. Nothing but scum in my mind, and thanks to this blog so many others know what a shower D.Harvey really, really are. Every dog has its day...
from Crain's business news 12:00 a.m., Mon - - Toby Whittaker, managing director of Salford-based property broker Dylan Harvey, has appeared at Blackburn Magistrates' Court charged with conspiracy to defraud Zurich Insurance.
couldn't have happened to a nicer man! hope he gets whats coming to him!
I am very very dissapointed. After seemingly have done my due dilligence and "homework" these thugs have effectively stolen our funds.
Having been advised by them to transfer from Zarachie to a much better value for money deal in Liverpool Mann Island , they are now plugging another scam where they will knock 15k off Mann Island if you put 5k cash into their Turkey development.
Toby Whittaker of Dylan Harvey was bailed last week to appear in Preston Crown Court, charged with attempting to defraud Zurich Insurance.
What sort of man are we dealing with?
Thanks for all your recent comments. I really think we have a strong case to approach the likes of BBC Watchdog, especially if this news story is true about the insurance company.
It would add much weight to our case. If anyone out there has a connection with a BBC Watchdog reporter I would really like to here from you.
If he gets convicted, there will most likely be an investigation into Dylan Harvey.
I can assure you that the information on Toby Whittaker is true - I have had it confirmed by the police and it has been reported in Crains Business News just last week.
This guy is still setting up companies and taking peoples money - have a look at the company B1 (B First) this appears to be the commercial arm of Dylan Harvey... yet another chance to fleece investors...
Thats something I can't understand -I have contacted Watchdog twice and I know that others have contacted them, but nothing has come of it... Why is that?
Dylan Harvey gone into administration.
http://business.timesonline.co.uk/tol/business/industry_sectors/construction_and_property/article6739589.ece
From www.crainsmanchesterbusiness.co.uk/apps/pbcs.dll/article?AID=/20090804/FREE/908049981/1049
Dylan Harvey Residential Ltd collapses owing up to £100m
By Simon Binns
Lancashire-based property company Dylan Harvey Residential Ltd (DHR), led by managing director Toby Whittaker, has gone into administration.
The business, whose registered office is in Padiham, near Burnley, but which also traded from offices in Salford, acted as sales agent for a number of residential apartment schemes in Manchester and elsewhere in the North West.
It had a stated turnover in excess of £50m and contingent liabilities of approximately £100m as at April 2009.
Mark Getliffe and Diane Hill at Manchester-based CLB Coopers are handling the administration.
The creditors include 500 private investors who have paid approximately £6.5m of deposits for residential apartments - typically between £5,000 to £20,000 each.
The majority involve off plan reservations for schemes which never progressed into actual development due to market conditions and developer failures.
These include Clippers Quay in Salford Quays, plus Zararchie Tower, Bengal Mill, both in Ancoats, and phases two and three of a development known as Fresh Salford.
Three separate groups of investors were pursuing class actions against the Dylan Harvey Group of companies.
The collapse does not affect the Mann Island development on Liverpool's waterfront, which is part of a separate joint venture, or the commercial office space business and other companies within the wider Dylan Harvey Group.
Mark Getliff, of CLB Coopers, said: “We are working hard to finalise the full financial position and explore all the options in respect of any value which can be recovered for creditors including working with the Dylan Harvey Group in relation to an enhanced position for creditors.
“The business appears to have failed because of the domino effect of the residential property market grinding to a halt. It was also affected by one of its contractual partners, Fresh Developments Ltd going into Liquidation in April this year, owing DHR £1.7m.
“In some ways not having to contractually complete on properties valued at the peak of the market and for which mortgages may now no longer be available may have limited the potential losses to the clients.”
Creditors who wish to make a claim are advised to contact CLB Coopers on 0161 245 1095 or preferably by email: dylanharvey@clbcoopers.co.uk.
In a statement, Dylan Harvey Group Ltd, said: “The effects of the current global economic financial crisis have been well documented and in particular the adverse effects being experienced in the property sector.
“Lack of funding availability has severely impacted both developers in the construction of existing and planned projects and the purchaser's ability to secure mortgage funds to complete the sales process at contracted prices agreed at the high point in the property market.
“DHR has not been immune to these factors. Investors have been unable to secure mortgage funds to complete on key schemes over the past twelve months which has had a material adverse impact on DHR's cash flow.
“Further a number of DHR's contractual partners have failed to secure development funding to commence planned developments and have either been forced to postpone developments indefinitely or been placed into liquidation. This has recently resulted in the write off of significant funds paid as deposits by DHR.
“DHR has done everything in its power to try and ensure delivery of all its developments but following the financial loss of significant deposits paid to now insolvent developers is no longer viable as a going concern.
“Within the Administration process DHR will propose a Company Voluntary Arrangement (CVA), which in broad terms will seek to ensure that all unsecured creditors of DHR are given the opportunity to realise the value of monies paid to DHR within the formal process.
Looks like its going to be a struggle to get the cash back now
http://www.manchestereveningnews.co.uk/news/s/1130134_investors_anger_over_collapsed_firm
Could someone tell me why were Dylan Harvey selling apartments for Zararchie,as from what i can see the only development on that site was called GRAVITY.
Browns Construction and Time tide homes were the developers,all literature called GRAVITY.
Am i missing something.
hope you all succeed in your action.i to have had dealings with toby whittaker,this zurich insurance scam sounds interesting,anyone got any more details?
still no info regarding Dylan Harvey Residential Ltd (DHR) going into administration?
http://www.crainsmanchesterbusiness.co.uk/apps/pbcs.dll/article?AID=/20090804/FREE/908049981/1049
I have the email address for the person at BBC Watchdog. If you wish to put your points across please post your experiences and I will collate them into a mass email.
I have spoken to this person at the BBC before, hopefully now with all this news there might be something they can do. At the very least it will give the directors mass unwanted exposure.
Right, here's where we stand: Dylan Harvey Residential has gone into administration. According to the administrators, Dylan Harvey 'employees' (i.e all the Whittaker’s and scammers) won't be putting in claims for salaries and wages. Instead they are pursuing the commercial ventures that include:
http://www.dylanharveycommercial.com/
&
http://www.b1.co.uk/
B1 seems to have been set up to avert all the bad press, although we can all tell it's got DH written all over it.
So, if you invested in Dylan Harvey Residential Ltd you stand a chance of getting some money back as there are few preferential creditors – according to early reports from the administrators.
If you were moved to commercial then unfortunately as it stands the Whittaker brothers and co are still draining our deposit money through their lavish lifestyle, false promises and pipe dreams.
However, recent reports and allegations of fraud should get BBC's Watchdog interested in our story again. Especially now as DH residential has gone under.
What does this mean? Exposure through the best media channel available. Exposure to ensure that DH commercial and B1 come under mass scruitiny. Soon there won’t be many umbrella companies left for them to hide under.
There is another full page article on Dylan Harvey Group in today's Times Bricks and Mortar section, available in London and online.
http://timesonline.newspaperdirect.com/epaper/viewer.aspx
Toby Whittaker
The Burnley businessman has formed a new company selling timeshares in a Turkish hotel. Whittaker founded Harley Scott Asset Management in April and is looking for investors in the Oludeniz Boutique Hotel and Spa in Fethiye on the Mediterranean coast.
The business is run out of Dylan Harvey Group's Shuttleworth Mead Business Park in Padiham, and co-directors include John Turner, also a director at Dylan Harvey Residential. Michael Talbot, sales executive at Dylan Harvey Group, is also an appointed asset manager at Harley Scott, according to the company's website.
Investors are being asked to buy a 26th share of a hotel suites of either 942 sq ft or 1,477 sq ft, priced at £4,998 for a two-bed or £6,998 for a three-bed. They are promised returns of up to 271 per cent, although investors can only use the suites between November and April. A “major tour operator” would book the hotel from May to October each year, according to the 22-page sales brochure.
The website says Harley Scott's primary focus is to “develop boutique hotels and resorts in highly desirable locations worldwide”.
Has anyone heard anything from the receivers?
The receivers are currently gathering info from all creditors and it is likely this will take a while to document. We will then be informed of what we can expect to receive, in proportion to what we each paid (I mean were robbed of). We all must maintain to update eachother on the various business ventures/schemes that these lot of crooks are involved in, and keep the pressure on the media to run stories and features. The public must be warned, and eventually this will catch up on the scum running around Shuttleworth Mead. Hopefully we will hear good news relating to a certain court case, and a well known naughty boy that tried to fry a fish that was just a tad too large for him...good old Zurich Insurance for slapping his wrists and bringing in PC plod to sort him out. Sweating are we?
My receipts for all payments made for an apartment in Zararchie tower were to Dylan Harvey Ltd and NOT to Dylan Harvey Residential! Surely this is fraudulent?
I am so relieved to find this blog and that I am not alone in this depressing situation. With DH in administration now, I guess not much hope in getting deposit back.
I wonder if anyone out there has any information containing a completion date or proposed start date for the Clippers Quay development. I am desperate to get anything with this information on. Please if anyone can help, please can you send me an email.
I have seen the comments re cobbetts etc but they are charging £ 500 upfront, I also got a phone call from a company saying they were trying to take action for customers but they wanted £ 1000 when I said are you confident of winning, they said Yes. I therefore said in that case do it on a No win No fee basis but they wouldn't. They said if we don't win we'll give you £ 500 back, but this seems a nice way to make either £ 1000 or £ 500. Has anyone else been contacted by these ???
INVESTORS who lost money with the collapse of Dylan Harvey Residential have been invited to a creditors meeting in Liverpool next month.
Around 600 buyers who paid a total of £6.5m in deposits to the Manchester-based property sales company have been given notice of the meeting at the BT Conference Centre on Friday, October 9.
Creditors will be given an update on DHR's financial position by administrators CLB Coopers, including a report detailing the background to the insolvency and the possible options.
I predicted that this would happen earlier this year, as soon as DH moved out of their Manchester offices. Dont be taken in by other companies trying to fight your case for you, or by solicitors with high fees, stick by what the creditors are saying..make sure you attend this meeting.
Creditors meeting in Liverpool October 9,creditors will be given an update,and possible options.
Update from CLB COOPERS,have a look on their web site ,Dylan Harvey,if you have not recieved info in post.
From what i have seen of the administrators report on Dylan Harvey its accounts have next to nothing left in them ,it looks like Coopers have to do a lot more digging ,and if they cannot find where all the money of depositors have gone they better pass the file on to some who can.
Dylan Harvey had £23 in the bank - depositors unlikely to see cash
By Simon Binns
Investors who paid deposits to property firm Dylan Harvey Residential (DHR) are unlikely to receive anything unless “substantial assets can be recovered”, according to a newly-filed administrators' report.
Around 600 investors are listed in the 61-page report, with deposits handed over to the Padiham-based firm ranging from £2,000 to £66,000.
CLB Coopers, administrators appointed to run the company. said the firm only had one asset, a car park in Manchester, expected to recover £150,000.
The firm, run by managing director Toby Whittaker, had £23.65 in its HSBC bank account when administrators were appointed.
Several inter-company transactions are being probed by administrators, including a £1.6m dividend payment to DHR's parent company, Dylan Harvey Group, made in February 2008, and the apparent write-off of a £7.3m debt from the same firm.
The liquidation of a firm called Fresh Manchester Developments Ltd, which built a residential tower near the Lowry Hotel called Fresh Manchester, cost DHR £1.7m, the report said. SHR had pre-sold 170 apartments in the second and third phases of the scheme to investors and when it collapsed, administrators were called in and Dylan Harvey's losses included a £1.1m deposit on the two unbuilt phases.
DHR also had to write off a £966,000 deposit paid to City South (Ardwick) Ltd, the developer of a residential scheme at Bengall Mill in Manchester, when it became clear it would not go ahead due to a lack of funding.
The report also said that deposits taken on the City Lofts scheme in Manchester were never paid to the company that owned the development, City Lofts Ltd, and neither was the £2.6m the firm collected in deposits for Clippers Quay, A Manchester scheme being developed by Ask Developments.
DHR also had more than £300,000 tied up in the Zararchie Tower scheme on Store Street, also known as Gravity, which stalled when the developer went into administration.
Overall, DHR lost £6m on failed schemes around the North West.
DHR is considering a creditors' voluntary arrangement (CVA) but so far legal representatives for 175 creditors, or 29 per cent, have said they are not prepared to support the proposal.
For those that paid a deposit on a Credit Card is anyone able to explain if this would be of any use to these people
http://www.financial-ombudsman.org.uk/publications/ombudsman-news/31/creditcards-31.htm
Cheers
Why are Dylan Harvey Group sending letters to investors of DYLAN HARVEY RESIDENTIAL,about CVA when the affairs of the company is now in the hands of CLB COOPERS.
If a CVA is voted in at the creditors meeting is it binding to all investors if they want it or not.
Has the blog owner gone to sleep, on hol,paid off,or working too hard.
Did anyone go to the creditors meeting who can give us a update was unable to make it.
I have came across this site today while trying to contact Dylan Harvey in relation to two investments that I have with them. Can anyone here give me any update on the Century Buildings Development in St Helens. The only dealings I have had with Dylan Harvey on this property is that they basically gave me 4 weeks to complete the purchase even though they informed their financial advisors (Clarity) not to give out any mortgages on the property - disgraceful. I done all that was required of me throughout the process and they basically pulled the rug out from under my feet at the last minute.
I also am unsure what the situation is with the St Petersfield Development - I have called and e-mailed numerous time to get an update but I have received no update from them what so ever. Therefore starting to get nervous once again.
I guess that I have a legal case with them - would I be best to contact Pannone or Cobbetts solicitors to progress?
Thanks
Did anyone notice that DYLAN HARVEY has started another project? A lovely Boutique Hotel in Turkey. One that offers 8% ROI per year in the first 2 years, and a prognosis of 10% for the next years.
Check www.YesInvest.co.uk
Whether you get your money back or not, Dylan Harvey has already started a new project in Turkey (far away enough).
Their sales agent in the UK is a company called Yes Invest Ltd. (0845 4094548, info@YesInvest.co.uk) claim that the people behind this "fantastic resort is one of the most renowned UK developers. Harley Scott Asset Management, a subsidiary of Dylan Harvey. The Dylan Harvey Group is one of the North of England’s most dynamic and successful companies" etc etc etc
Asking CLB Coopers weather this was the same company, their response was:
Mark Getliffe and Diane Hill were appointed as Joint Administrators of the Company on 4 August 2009. The Dylan Harvey Group of companies is unaffected by the Administration and they continue to operate. The Joint Administrators are unable to provide any comment in respect of the financial position of the Dylan Harvey Group.
The Joint Administrators are not able to provide investment advice. Therefore, it is in your interests to seek your own independent legal and accountancy advice."
Even when they are technically two different companies, they are very much related. When hundreds of people have lost their money for whatever reason, and the holding company cheerfully starts a new project, under yet another
'new' company, instead of first sorting out their 'problems', then there are clearly a few things very wrong with those companies.
Ethics and serious mismanagement are just a few of them.
Are the Chartered Accountants not supposed to get as much cash from the holding as possible?
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