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  • Entrepreneurs

    Coyne Group - anyone had any dealings?

    Hi.  As an investment opportunity I have been recommended investing a project(s) administered by The Coyne Group. 

    I am attempting to do some DD on the Group, but I am not finding any reviews or references. 

    Has anyone had any dealings with them, or have any information to pass on, good or bad? I live in the Channel Islands, but am prepared to travel to the UK to check things out if it is worth pursuing.

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    I am in the process of writing a detailed report on my dealings with The Coyne Group, specifically, proposed student accomodation in Canterbury. What I can share now is I was lucky to exit this deal (a planning gain flip) on par after 20+ months, against a stated ROI of circa 40% after 6-months.

    When I conducted my DD on TCG I did not come across any negative reviews or information, however, neither did I find anything positive about them. As a matter of fact, I was not able to find any reviews from previous investors - this should have rung alarm bells at the time.

    Personally, I would not go anywhere near TCG again.

    If you decide to pursue an investment opportunity with TCG I would advise you to proceed with caution, especially given these types of investments are unregulated. This means you have little to no recourse. Have your lawyer and accountant scrutinise every piece of documentation they provide to you, and then have them scrutinise it again. Good luck!

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    Hi Leslie,

    Out of interest, who recommended the Coyne Group to you?

    There is a lot of due diligence contained in this thread.

    The Coyne Group 

    @Mark-Bean 

    Thanks for sharing your experience.  I you saying you just broke even i.e. did not make any profit?

    There appear to be two Coyne Groups - one with registered offices in Bristol and one with registered offices in Liverpool.  Which company did you have dealings with?

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    Hello Vanessa

    I dealt with Coyne Group in Bristol: https://www.coynegroup.co.uk/.

    On their Facebook page Coyne Group state, "Earn a minimum 20% ROI across Student, Retirement & Residential property with The Coyne Group". I can confirm after 20+ months, and a lot of stress and worry, I only broke even, I did not make any profit! Coyne Group once described this as armchair investing, believe me, it was anything but! 

    As per my initial post, tread very carefully.

    Best...


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    Thanks for sharing your feedback Mark.  The Coyne Group being discussed on the other thread is also the one in Bristol.

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    Hi Mark,

    Thought this might interest you.  Coyne Group looking to raise £900K on the Canterbury Development via Simple Crowdfunding:


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    Hi Vanessa

    Thank you for your input. Much appreciated.

    I met an investor locally who has invested in Coyne Group, so just doing some DD.

    Regards

    Missnoma

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    My pleasure Vanessa.

    For what it is worth, most of my co-investors were as disgruntled as me, further, I have also communicated with Coyne Group investors in other deals who were also disgruntled.

    Best

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    Hello all

    I was doing some due diligence on Coyne and found these brochures.

    https://pdfhost.io/v/vXGFHSQ7L_Coyne_Broc...018pdf.pdf

    https://pdfhost.io/v/owqLFJl0R_Coyne_Broc...019pdf.pdf

    Needless to say the numbers are completely different in them. Which begs the question, of which one is true or are they both false?

    Maybe an old investor could confirm the figures as the ROI seems very impressive for the timescales.? Or is this simply a paper exercise?

    I also checked the companies house filings for Coyne and they have massive liabilities, how can this be if they state such large profits?

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    Hi I invested in a CG project - a planning flip.  It came in just over the timescales and we did make a profit - but not the ROI that was advertised.  As investors we had to push them a lot for info but it all got sorted,   So i would suggest you take the ROI with a pinch of salt - nearer 10-20 % is what we got and be prepared to check all the details - twice.  You also need one investor to be prepared to take the lead and push back to them.  I know another investor who has done well on one deal, ok on another and less well on another. 

    Its not armchair investing as its advertised.

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    Hi Ross, you can email me on fredrichvilkmann@gmail.com the site doesnt let me PM

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