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Ashbrookes Group Limited Update and Why Loan Note Holders Should Be Worried
This update dives into the latest developments at Ashbrookes Group Limited and the John Street student accommodation scheme in Sunderland. Loan note holders were told planning had “approval in principle” in spring 2025. That approval has now been refused outright.
We unpack what that means for planning, funding, repayment timelines, and most importantly, loan note holders’ recovery prospects.
Key points covered:
- Why “approval in principle” was never full consent and how refusal resets the planning process
- The immediate financing consequences: senior lender paused, valuations restated, and tougher credit conditions ahead
- How timelines have shifted, with earliest repayment now projected to April 2027, subject to multiple “ifs”
- The critical role of the security trustee, Alpha Trustee Services, and the questions loan note holders should be asking now
- Practical steps for investors: demanding documents, verifying independently, organising collectively, and taking specialist advice
Why it matters:
Loan note holders are not just investors. They are creditors. Acting like creditors: coordinated, evidence-led, and ready to escalate, is the only way to protect recovery prospects in schemes like Ashbrookes.
Next steps:
If you hold Ashbrookes loan notes, don’t wait passively. Seek clarity now and coordinate with others.
Contact Insolvency & Law’s investigations team today:
[email protected]
Disclaimer: Insolvency & Law Ltd is not a firm of solicitors or licensed insolvency practitioners and does not provide legal advice, investment advice, or any regulated services under the Legal Services Act 2007 or the Financial Services and Markets Act 2000. All content published by I&L relating to companies mentioned therein, including blogs and podcasts, is provided free of charge for general information and educational purposes only. Therefore, it must not be relied upon as professional advice.
Where appropriate, I&L may take legal assignment of loan notes issued by companies in its own name, for the purpose of enforcement and recovery. In such cases, I&L bears all associated costs and risks, and the original loan note holder is fully insulated from legal expense and liability.
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By Insolvency & Law
This update dives into the latest developments at Ashbrookes Group Limited and the John Street student accommodation scheme in Sunderland. Loan note holders were told planning had “approval in principle” in spring 2025. That approval has now been refused outright.
We unpack what that means for planning, funding, repayment timelines, and most importantly, loan note holders’ recovery prospects.
Key points covered:
- Why “approval in principle” was never full consent and how refusal resets the planning process
- The immediate financing consequences: senior lender paused, valuations restated, and tougher credit conditions ahead
- How timelines have shifted, with earliest repayment now projected to April 2027, subject to multiple “ifs”
- The critical role of the security trustee, Alpha Trustee Services, and the questions loan note holders should be asking now
- Practical steps for investors: demanding documents, verifying independently, organising collectively, and taking specialist advice
Why it matters:
Loan note holders are not just investors. They are creditors. Acting like creditors: coordinated, evidence-led, and ready to escalate, is the only way to protect recovery prospects in schemes like Ashbrookes.
Next steps:
If you hold Ashbrookes loan notes, don’t wait passively. Seek clarity now and coordinate with others.
Contact Insolvency & Law’s investigations team today:
[email protected]
Disclaimer: Insolvency & Law Ltd is not a firm of solicitors or licensed insolvency practitioners and does not provide legal advice, investment advice, or any regulated services under the Legal Services Act 2007 or the Financial Services and Markets Act 2000. All content published by I&L relating to companies mentioned therein, including blogs and podcasts, is provided free of charge for general information and educational purposes only. Therefore, it must not be relied upon as professional advice.
Where appropriate, I&L may take legal assignment of loan notes issued by companies in its own name, for the purpose of enforcement and recovery. In such cases, I&L bears all associated costs and risks, and the original loan note holder is fully insulated from legal expense and liability.