pounds: It has now emerged that the proposals were not approved, with the directors considering their next steps . One investor who put in several thousand pounds said The whole thing is a shambles, according to The Guardian. She added Obviously I would never have invested if I'd known that Kevin McCloud would bail out early and bondholders would be left carrying huge losses. Hundreds of investors who were told last month they could face losing up to 97% of their money were in effect warned that if they did not back the restructuring, one of the firms in McCloud's empire was at risk of being wound up or falling into insolvency. The star of Channel 4's Grand Designs previously said he would do everything in my power to improve the current situation, and may now face pressure to use his own cash to help make up investors' losses. Between 2013 and 2017 he wooed investors with a string of fundraising schemes that offered returns of up to 9% a year from his Happiness Architecture Beauty HAB homes businesses. The Guardian last month revealed the problems that have beset McCloud's property empire.
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