If you arrived at this site expecting it to be the official site of PDC Prosperity Management (Cyprus) Ltd or any of the projects it has been promoting to investors, you are in the wrong place. This site is not associated with that company. If it was your intention to visit their site you should immediately navigate away from this site. This website publishes information for and by investors who have bought properties through this company and who would like to have a greater understanding of what is a confusing and complex investment structure. We hope this website will help to explain some of the issues which have affected investors before investing and which continue to cause them problems now that they have become owners of the properties.
We are Safe Or Scam and we act on behalf of concerned investors.
We review investment products and advise on recovery options. We work with legal teams to investigate all aspects of an investment with the aim of prosecuting those involved and recovering an investor’s money.
We challenge developers, project owners, sales agents and third parties involved in a project to justify the claims made in correspondence and promotional material.
We are currently working with a group of investors who bought properties at Bentley Court and Parkwood Court in Keighley, West Yorkshire. These investors are taking action to recover their investment.
The aim of this website is to help explain to investors what has happened and to enable them to share their experiences with other investors.
If you are an investor or have any information on the companies mentioned in this website or the people involved, we would like to hear from you.
Investors bought apartments in derelict tower blocks at Keighley, West Yorkshire. There were two tower blocks which have been renamed as Bentley Court and Parkwood Court. There are 192 apartments in total and investors are spread around the world.
The tower blocks were sold by Incommunities Ltd to ALB Investments Ltd. They were then sold to investors by PDC Prosperity Management (Cyprus) Ltd.
Incommunities Ltd was the original seller according to the promotional material. ALB Investments Ltd incorporated in the UK was the developer.
PDC Prosperity Management (Cyprus) Ltd incorporated in Cyprus was the primary sales company.
Lamont Estates Ltd was the primary rental agency (owned by the man who owns nine UK companies with the word ‘Prosperity’ in the title).
PDC Prosperity Investments (Cyprus) Ltd was the party which entered into a Pre-Emption Agreement with the investors. Note that this is a different company to the one which was the primary sales company.
ALB Investments Ltd has two directors. They are Arran Bailey and Christopher Bailey. In October 2015 the company shares were owned 50% each between them. In October 2016 the company’s Confirmation Statement declared that Christopher Bailey owns “more than 25% but not more than 50% of the shares”. That suggests his position has not changed. However, Arran Bailey is not mentioned which suggests that he must own less than 25% of the shares. The Confirmation Statement does not say who now owns those shares. The Confirmation Statement was filed annually in October 2017 and October 2018 with no changes.
Both PDC Prosperity Management (Cyprus) Ltd and PDC Prosperity Investments (Cyprus) Ltd are incorporated in Cyprus with nominee directors. This means the true director does not want his/her name to be known so is using a nominee service to hide his/her identity. We will report on the true ownership in later blogs.
Lamont Estates Ltd is incorporated in the UK. Its director is Jonathan Edward Billingham. He is also the director of another nine UK companies which have the word “Prosperity” in their names e.g Prosperity Wealth Group Ltd, Prosperity Investments and Developments Ltd and so on. It seems fair to assume at this stage that Mr Billingham is involved in the Cyprus companies. We will report on this further in future blogs.