Richardson Hartley Law is looking to help investors who lost money to Empire Special Situations 1 and Empire Special Situations 2.
Empire Special Situations ran into significant financial problems in 2024 and the High Court appointed administrators to take control of the companies and manage their affairs.
The company had professional looking materials which promised secure and sophisticated investment opportunities. As a result it took in millions of pounds of investment which has since been lost.
Investors were told that could buy 2-year fixed income corporate bonds with guaranteed returns which they claimed were asset backed.
A central theme of Empire Special Solutions promotions was the idea of “special situations” investing. This is a term borrowed from hedge‑fund strategies involving distressed or undervalued assets. The company claimed that it was able to take advantage of the decline of the British high street to create an effective investment opportunities. The reality is that it bought and sold assets in a standard way.
In 2023 investors started to claim that they could not access their funds and it soon became apparent that all was not as it seemed.
Many investors have lost significant savings and it appears that they are unlikely to receive any substantial funds via the administration.
The scheme was introduced by a network of introducers. Many of these introducers were unregulated and now have collapsed their firms. This makes it incredibly difficult to make claims against them for mis-selling.
We believe that UK investors could, however, qualify under the banks’ reimbursement schemes. Richardson Hartley Law has a proven track record of recovering money in this way for similar investment schemes.
As part of our no win, no fee agreements we are able to offer capped fees. See our fee structure.
Richardson Hartley Law is keen to speak to anyone who has lost money in Empire Special Situations.