Hi,
Please avoid this so called respected company that has a royal warrant from Queen Elizabeth II !!!!!!
Their main activities are:-
trading in stamps and other philatelic items, coins, medals and banknotes;
auctioneering, valuing (for sale, auction, purchase, insurance and/or probate) the above;
development and operation of collectibles websites, online trading and auctioneering;
philatelic and collectibles publishing including catalogues, albums and magazines in hard copy and electronic media;
retail and mail order;
manufacturing of albums and accessories.
They have many ring fenced limited companies trading around the global arena.
Sadly the Guernsey subsidiary has gone into administration with debts exceeding £70 million.
Consumers invested in a scheme that promised 75% of the market value of stamps, or 100% of original amount invested on sale.
The poor people who invested will not get their money back as the other companies successfully trading are ring fenced.
https://www.thetimes.co.uk/article/stanley-gibbons-guernsey-subsidiary-goes-into-administration-glkdblgw5
Any ideas what can be done?
If everybody took ownership of their portfolios, and tried to sell, this would have the worst outcome, as it would drive down the price of all the portfolios.
Thank you.
Brian