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the high street group
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Founded in 2006, The High Street Group was a property development firm based in Newcastle upon Tyne, UK. The company specialized in high-end residential projects, including high-rise apartment buildings, most notably the "Hadrian's Tower" in Newcastle. Its primary business model involved raising capital directly from retail investors by issuing unregulated, high-interest "loan notes" or "mini-bonds" to fund these developments. Following significant financial difficulties and the failure to repay investors, major entities within the group collapsed into administration in late 2021, leading to substantial investor losses and a formal investigation by the UK's Financial Conduct Authority (FCA).
United Kingdom
Industry
Financial