Asset Backed Management Limited was wound up on 7 May 2019 by Judge Barton at the High Court in London following an investigation by the Insolvency Service. The Official Receiver has been appointed as liquidator.
The court heard that Asset Backed Management, incorporated in January 2017, sold asset investment opportunities to members of the public, including corporate bonds and alternative bonds.
The company would contact prospective customers by cold-calling them, as well as promoting its business through the website www.assetbackedmanagement.com.
Asset Backed Management was paid commission by the issuers of the bonds, ranging between 27.5% and 40%, deducted from the customers investments.
Following complaints, however, the I…
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