TUNGKOL SA EPISODE NA ITO
- Missed redemptions: Loan note holders in Armstrong Infrastructure & Property Finance (AIPF) and Armstrong Bridging International (ABI) left unpaid.
- Liquidation begins: ABI has entered Creditors’ Voluntary Liquidation, with AIPF expected to follow.
- Asset transfers: Operations moved to Rivington Energy, now linked to Federated Hermes - raising concerns about continuity and accountability.
- Financial red flags: Directors admitted ABI could not meet liabilities; shortfall estimated at over £20m.
- Vanishing history: Director Andrew Newman rebranded under Rivington Energy, omitting Armstrong ties.
- Trustee concerns: Loan Note Debentures Ltd offered little real protection, no FCA regulation, no action when defaults hit.
- Key risks: CVL may shield directors while investors face heavy losses.
- Next steps for creditors:
- Liquidator contact: Michael Durkan, Durkan Cahill, Cheltenham (details provided).
- Contact Insolvency & Law at investigations@insolvencyandlaw.co.uk
to report experiences or seek confidential support.
Final thought: Armstrong investors face familiar warning signs, disappearing websites, asset transfers, unpaid loan notes, and directors moving on.
Disclaimer: Insolvency & Law Ltd is not a firm of solicitors or licensed insolvency practitioners and does not provide legal advice, investment advice, or any regulated services under the Legal Services Act 2007 or the Financial Services and Markets Act 2000. All content published by I&L relating to companies mentioned therein, including blogs and podcasts, is provided free of charge for general information and educational purposes only. Therefore, it must not be relied upon as professional advice.
Where appropriate, I&L may take legal assignment of loan notes issued by companies in its own name, for the purpose of enforcement and recovery. In such cases, I&L bears all associated costs and risks, and the original loan note holder is fully insulated from legal expense and liability.
