The Financial Conduct Authority (FCA) has announced that the High Court has placed static homes investor, Concept Capital Group (CCG), into administration.
The regulator stated that in July 2025, the High Court began proceedings against CCG and others over an alleged unauthorised investment scheme.
Since then, the firm has been under a court order that froze its assets.
CCG had promoted investments in static homes, claiming they would be let to social housing tenants placed by local councils, collecting approximately £23m in investments.
Investors promised fixed returns and told the scheme was backed by the Government. The FCA considers these claims to be false or fake.
The regulator said that while it has not initiated the administration, it has put its High Court proceedings against CCG on hold.
The administrators will be supported by the FCA and will continue to communicate with them.
However, its claim against the other defendants, Ian Anthony Elliott, Adrian Felix, Ayub Swaibu, Edmund Brew, Ernest Kargbo (also known as Ernest Moore), Raymondip Bedi (also known as Martin Swann) and Gateridge Consulting Limited, will continue.
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