Eden Land Planning - Case Study

For those who like their information presented graphically, here are two diagrams. The first shows the Redruth Eden project as set out in the Investors Presentation document. The second shows the project as actually conducted by Eden Land Planning Ltd.  The Promise: 22 Investors raise a fund of £2.24m It is used to purchase land for £2.1m The land is sold for £3.1m Investor profit, £584,500  ELP profit, £250,500 The Reality: 22 Investors raise a fund of £2.24m It is used to purchase land for £1.475m but ELP conceals the purchase price. The surplus funds of £661,750 are quietly transferred from Redruth Eden to ELP. The land is unsold after nearly 6 years. The investors have had no returns. Shareholders' Agreement, Schedule 3 states: No Business Plan can be materially varied without Majority Shareholder Consent. Not only did Eden conduct a completely different project from the contractual Investors' Presentation version without seeking Shareholders' Consent, they did it cove

UPDATE: March 09, 2024 Eden Land Planning Ltd was 'advised to move their registered office' and duly did so early in March 2024.   ELP has also moved the registered office of the SPV, Redruth Eden Ltd, (and presumably the SPVs of all their current projects). The new registered address filed at Companies House is: 124 CITY ROAD  LONDON  ENGLAND  EC1V 2NX Capital Office is a company that provides virtual offices at 124 City Road. ELP will have no physical presence there. The rest of this page is out of date but may be useful for reference. The registered office address of both Eden Land Planning Ltd. and Redruth Eden Ltd. is:  201 Haverstock Hill, Second Floor, C/O FKGB, London, England, NW3 4QG   However, Eden Land Planning does not have a physical presence there. 201 Haverstock Hill has three floors of offices above Kavanagh's, a very fine food outlet: But the office space is wholly assigned to three companies, one per floor, thus: The receptionist for AEL Markhams Ltd (se