Eden Land Planning - Case Study

I have presented the Directors of Eden Land Planning Ltd with nine statements that I consider to be irrefutable. I have promised to withdraw, with a full apology, any statement that they can factually refute. They have responded by protesting their innocence and accusing me of defamation, but have not yet addressed a single one of my nine statements. The reason is simple - the statements are true. Here are the statements: 1) The Investors Presentation stated: Acquisition cost, £2,200,000. That was a misrepresentation or, in plain English, a lie. 2) The true purchase price was £1,475,000 and the acquisition cost was £1,538,250. ELP inflated this figure by 43%, or £661,750. 3) The investors most probably believed the Investors Presentation figure, because no-one who thought they were being lied to would have invested money in the project. 4) Until Feb 2023 when I learned the true figure, I believed it too, which is why I invested £100,000. 5) The effect and purpose of the lie was t...

For those who like their information presented graphically, here are two diagrams. The first shows the Redruth Eden project using the figures and timescales given in the contractual Investors Presentation document. The second shows the project as actually conducted by Eden Land Planning Ltd.  The Promise: 22 Investors raise a fund of £2.24m It is used to purchase land for £2.1m The land is sold for £3.1m Investor profit, £584,500  ELP profit, £250,500 As per Shareholders Agreement, ELP's profit is taken after completion of sale. The Reality: 22 Investors raise a fund of £2.24m It is used to purchase land for £1.475m but ELP conceals the purchase price. The surplus funds of £661,750 are covertly transferred from Redruth Eden to ELP. Eden's secret retention of 30% of the equity breeches the Entire Agreement between the Parties.  The land is unsold after more than 6 years. The investors have had no returns. Shareholders' Agreement, Schedule 3 states: No Business Plan can be...

UPDATE: August 08, 2024 Eden Land Planning Ltd now has a  Sales & Marketing address:  Mortimer House, 37-41 Mortimer Street, London, W1T 3JH, Telephone: +44 (0) 203 858 7874 Mortimer House is an up-market office and leisure premises operated by Maslow hospitality group. UPDATE: March 09, 2024 Eden Land Planning Ltd was 'advised to move their registered office' and duly did so early in March 2024.   ELP has also moved the registered office of the SPV, Redruth Eden Ltd, (and presumably the SPVs of all their current projects). The new registered address filed at Companies House is: 124 City Road, London, EC1V 2NX  Capital Office is a company that provides virtual offices at 124 City Road. ELP will have no physical presence there. The rest of this page is out of date but may be useful for reference. The registered office address of both Eden Land Planning Ltd. and Redruth Eden Ltd. is:  201 Haverstock Hill, Second Floor, C/O FKGB, London, England, NW3 4QG...