Investors in an eco-friendly property venture launched by Grand Designs host Kevin McCloud have said they fear they may never see their money again.
McCloud launched Happiness Architecture Beauty (HAB) in 2007 “to make homes that lift the spirits”. But the Guardian reported on Friday that an email sent by McCloud to HAB Housing investors said that accountancy firm KPMG had attempted to call in money owed by HAB Housing. “HAB Housing cannot pay and could yet be forced into a formal insolvency process,” the email was reported as saying, adding: “I am determined that investors should see their investment as not entirely lost.” McCloud resigned as a director of HAB Land Ltd in 2018 and control of the company was acquired by another firm, BAH
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