Have I been Conned?

[spud5706]

Can you name and shame?

If its not resolved this coming week i.e I get a full refund then yes for sure.

Might be worth checking if you can use this:

https://www.moneyclaim.gov.uk/web/mcol/welcome

Thanks, appreciate it.

[Wanderer]

Fees for closing company = £6000
Fees for setting up new llp with ltd company as a partner = £6000

Have you actually closed your company then? If not then this advisor hasn't done all the work and you could at least claim a partial refund?

[spud5706]

Have you actually closed your company then? If not then this advisor hasn't done all the work and you could at least claim a partial refund?

Nope, got approval to do it but haven't closed it yet because it won't save me any money by the looks of it I've sent him an email quoting the figures and asked for a full refund, ill see what he says first to decide what i'll do next.

[Clippy]

I just advised him to go ahead which was stupid but it was all very clear when he explained it to me (everything out of my account at 10%) which was a blatent lie.

No it wasn't.

Telling him to go ahead, regardless of what advice he gave you, without you doing any due diligence was.

[spud5706]

No it wasn't.

Telling him to go ahead, regardless of what advice he gave you, without you doing any due diligence was.

I assumed most people are decent and not out to rip you off, seems like I was wrong, either way its bad news for him.

[northernladuk]

Can you name and shame?

He has named and shamed by posting his predicament on a public board... Oh sorry, you mean the financial advisor?? Sorry.

[SueEllen]

He has named and shamed by posting his predicament on a public board... Oh sorry, you mean the financial advisor?? Sorry.

[SueEllen]

I assumed most people are decent and not out to rip you off, seems like I was wrong, either way its bad news for him.

I hope you haven't signed any documents from him otherwise it's bad news for you.

[Clippy]

I assumed most people are decent and not out to rip you off, seems like I was wrong, either way its bad news for him.

As I suspected, you are one of the trolls we seem to acquire at the weekend.

I'll leave you to your 'predicament'.

[xoggoth]

Troll? Why? Spud etc was far too trusting and paid over an absurdly large sum without looking into it properly but that doesn't mean being ripped off is ok or legal.

It seems to me that a professional advisor asked to advise how to to save money, especially when paid that sum, should reveal the full costs of any course of action that he proposes. Any decent advisor should surely ask if unpaid taxes were due, but even if that is supposed to be obvious, this LLP thing wasn't. Sounds like incompetence or rippoff to me.