Q: Is this a collective investment scheme?
A: No. The main requirements of a collective investment scheme are that investors have no day-to-day involvement, and the investors money is pooled to pay their returns. Anyone who runs a collective investment scheme in the UK without authorization from the Financial Conduct Authority is commiting a criminal offence.
We use the terms investment and investor to better explain to clients what our products is, but our clients are better described as homeowners. They purchase the ownership of a park home that comes fully managed. They return they receive is the rental income from their tenant. At no point do investors returns come from other investors money or tenants other than those in their park home.
Q: Have you been in contact with FCA?
A: In November 2020, the FCA contacted us and after explaining the investment opportunity and our business practices, the final communication we had from the FCA was to thank us and say that they had no further questions.
You have invested in more than one unlisted company, been a director of a company with an annual turnover of at least £1m OR worked in private equity in the last 2 years OR been a member of an angels investment network for at least the last 6 months.
Your income is in excess of £100k per annum OR your net worth is £250k and above.