Alderley Group (2019) Limited, a company that raised millions through loan notes linked to affordable housing developments, is facing growing investor concern following delayed repayments and the filing of winding-up petitions.
Alderley Group loan notes were marketed as fixed-return debt products linked to affordable housing developments in northwest England. Investors are now seeking clarity regarding repayment delays, redemption extensions, and winding-up petitions involving several group entities.
The company promoted fixed-rate loan notes offering returns of up to 17% per annum through introducers, including New Capital Link. We have previously written about New Capital Link and unregulated loan note promotions here.
According to the company’s Information Memorandum, the Alderley Group loan notes were marketed as secured debt products backed by debentures over company assets. Blue Water Trustees Limited acts as security trustee.
Winding-up Petitions
Public court records show a series of winding-up petitions involving Alderley Group entities during 2025 and 2026. Entities facing petitions include Alderley Group (2019) Limited, Alderley Group Holdings (2019) Limited, and Alderley Partnerships (2019) Limited.
A petition involving Alderley Group (2019) is understood to remain active. Likewise, a petition against Alderley Group Holdings (2019) was advertised in The Gazette and is listed for hearing on 20 May 2026.
No winding-up order or insolvency order has been made against the companies referred to in this article. The existence of a winding-up petition does not necessarily mean a company is insolvent. However, such petitions often raise concerns among creditors and investors.
Accounts Overdue and a Weakening Balance Sheet
Companies House records show that Alderley Group (2019)’s latest unaudited accounts are overdue. The most recent filed accounts cover the year ending 30 April 2024. Those accounts suggested the company’s short-term debts were significantly higher than its available cash and assets.
At the time, the company reported around £876,000 in current assets, but approximately £1.4 million due within 12 months. Cash reserves also reduced sharply during the year. Cash at the bank fell from around £603,000 in 2023 to approximately £150,000 in 2024.
Overall, the company reported net liabilities of approximately £486,000. In simple terms, the accounts appeared to show growing pressure on short-term cash flow before the winding-up petitions and repayment delays emerged.
Alderley Group Loan Note Repayment Delays
Documents reviewed by Insolvency & Law show that Alderley Group acknowledged delays affecting payments and redemptions. Investors were informed that redemption dates could be extended under clauses within the loan note instrument. Understandably, this has caused concern among investors.
High Risk and High Returns
Alderley Group positioned itself as an affordable housing developer working alongside housing associations in the northwest of England. The company offered annual returns ranging from 12% to 17%, depending on the product structure.
The Information Memorandum states that up to 20% of investor funds could be used for marketing commissions. A further 20% could be allocated for working capital. The document also states that the products were unlisted, illiquid, and speculative.
Wider Scrutiny of High-Yield Social Housing Investments
A 2024 investigation by Which? examined several high-yield social housing investment schemes operating in the sector, including Alderley Group.
According to the article, Alderley Group advertised returns of up to 17% and disclosed that portions of investor funds could be used for marketing and working capital costs.
Blue Water Trustees
Companies House filings show that a charge was registered in favour of Blue Water Trustees in September 2024. The charge includes fixed and floating security over company assets.
Security trustee structures are commonly used within unlisted loan note arrangements. The trustee typically holds security on behalf of investors collectively.
Blue Water Trustees states on its website that security trustee services “…are NOT covered by the Financial Services Compensation Scheme.” It also notes that the trustee does not provide guarantees or asset valuations.
Questions for Alderley Group Loan Note Investors
Investors may reasonably ask a number of questions following the recent petitions and reported repayment delays. Questions may include:
Whether coupon payments remain up to date?
How many investors have experienced redemption extensions?
Whether projects remain on schedule?
What practical protections exist for loan note holders if enforcement action occurs?
Investors may also seek further clarity regarding communications, liquidity timing, and the recoverability of underlying assets.
Did You Invest in Alderley Group?
We’re interested in hearing from investors experiencing payment or redemption delays, introducers involved in the promotion of the notes, and anyone with information concerning Alderley Group and related entities. All correspondence will be treated in confidence.
Disclaimer: Insolvency & Law Ltd is not a firm of solicitors or licensed insolvency practitioners. We do not conduct any regulated legal or financial activities as defined under the Legal Services Act 2007 or the Financial Services and Markets Act 2000. We do not offer legal advice, financial advice, debt counselling, or conduct of litigation. All blogs, podcasts, reports, and other published content by I&L are provided solely for general information and educational purposes. They should not be interpreted as a substitute for regulated or professional advice and must not be relied upon as such. For matters that require regulated legal or financial advice, we recommend seeking guidance from an appropriately authorised and regulated professional.
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