FCA takes action over £23 million static homes investment scheme

The FCA has begun High Court proceedings against Concept Capital Group (CCG), six individuals and two further companies over an alleged unauthorised investment scheme involving consumer investments of more than £23 million in static homes.

CCG has given undertakings to the Court which have the effect of freezing its assets, pending the outcome of the trial or further order of the Court. The FCA noted that proceedings are at an early stage, and no trial date has yet been set.

These undertakings also prohibit the promotion or sale of the scheme.

The FCA claims that CCG promoted investments in static homes, which were said to be let to social housing tenants placed by local councils. Investors were promised fixed returns and told the scheme was backed by the UK Government, claims the FCA considers were false or misleading.

The FCA alleges that the scheme operated as an unauthorised collective investment scheme with CCG carrying on regulated activities in the UK without the required authorisation or exemption.

The FCA also alleges that the firm issued unauthorised financial promotions and made false or misleading statements and/or impressions.

Alongside Ian Elliott, the FCA claims that Adrian Felix and his company Gateridge Consulting, Ayub Swaibu, Edmund Brew, Ernest Kargbo, and Raymondip Bedi and his company Riverrun Consulting were knowingly concerned in CCG’s breaches. Bedi was sentenced on 4th July 2025 for a separate fraud uncovered by the FCA.

The FCA is seeking restitution orders in favour of affected investors, alongside declarations of contraventions and injunctions to prevent further breaches.