Warning : Do Not Deal with Mawdsley

Posted on May 21, 2013

1. Alistair Mawdsley is back in business promoting an EIS investment to IFAs;

2. We suggest that IFAs should not deal with him as he has a history of misleading them, notably his gross misrepresentations concerning the financial position of the Connaught Income Fund,
Series 1;

3. We are given to understand that Mawdsley is not connected to the management of Sapphire Building Services and but IFAs and investors should conduct their own due diligence;

4. Members of the public should note that the EIS investment memorandum for Sapphire Building Services has not been approved as a financial promotion under Section 21 of the Financial Services and Markets Act 2000 and therefore it should only be made available to very narrowly focussed categories of investors, notably persons who are sufficiently sophisticated to undertake due diligence on investment in a private limited company and who can appreciate the risks involved of investing in a small unquoted company.

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