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Insolvency Service announces investors lost of £8m in care home scheme

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Published on: 01 December 2022

Published by LNB News

LNB News 01/12/2022

Document Information

Issue Date: 01 December 2022

Published Date: 01 December 2022

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Insolvency Service has announced Sean Murray, aged 56, director of CHF Limited banned for ten years, effective in May 2022, after securing investments to fund a scheme to build care apartments despite not having planning permission. This led to investors losing £8.1m to build 51 care studios after seeing marketing collateral, which included plans for 45 studios in the existing building and a further 40 on the surrounding land.

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