Hermay Limited has been accepting deposits from consumers without our authorisation and we suspect it has operated a scam property fund claiming to offer guaranteed returns of up to 51.47% from investments made tangible property funds after a one year investment.
The High Court wound up Hermay on 15/04/2015 at our request and a liquidator has been appointed to investigate Hermay’s activities. The liquidator will contact affected investors to confirm if any money can be returned to them once this investigation is complete.
Our experience with this type of scheme is that consumers only receive back a small fraction of what they invested.
Unfortunately, these consumers will not have access to the Financial Services Compensation Scheme if they suffer losses as Hermay is not an FCA-authorised firm.
Address: 1 Cornhill, London, EC3V 3ND
Tel: 020 7764 0725
Fax: 020 7764 0725
Email: [email protected]
How to protect yourself
We strongly advise you to only deal with financial firms that are authorised by us, and check the Financial Services Register to ensure they are. It has information on firms and individuals that are, or have been, regulated by us.
If a firm does not appear on the Register but claims it does, contact our Consumer Helpline on 0800 111 6768.
There are more steps you should take to protect yourself from unauthorised firms.
You should also be aware that if you give money to an unauthorised firm, you will not be covered by the Financial Ombudsman Service or Financial Services Compensation Scheme (FSCS) if things go wrong.
Report an unauthorised firm
If you think you have been approached by an unauthorised firm or contacted about a scam, you should contact our Consumer Helpline on 0800 111 6768. If you were offered, bought or sold shares, you can use our share fraud reporting form.
You can see more ways to report an unauthorised firm and find out what to do if you have been scammed.