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SELF CERTIFY
Joint Ventures are our best returning investments, but they are not right for everyone.
South North Group provide comprehensive Joint Venture investments in the North utilising our own construction, architects and fitted furniture companies right the way through to managing tenants and properties with our own Management Company.
Our clients are typically looking for high returns on their capital or to acquire property
assets year-on-year recycling their capital between projects. The FCA recommends spreading your money across different investments to make you less dependent on any one investment to do well. Putting all your money into a single business or type of investment can be risky. We can enable investors to spread their investments over a range of investments.
To access our current opportunities, you will need to self-certify.
Why the need for certification?
The FCA was becoming concerned by companies selling investments, many of which were linked to TV personalities, which were not being run right and investors losing money. The FCA reacted by creating a process for property companies to follow called the Unregulated Collective Investment Schemes (UCIS).
This prevents investment being sold and marketed to retail investors without any knowledge of property investments.
Individuals wanting to take part in these schemes must certify, this is to prevent the greater public being targeted by unscrupulous companies and scams.
The forms are simply signed and retained by the property company and made available to the FCA in case of an audit. The forms are never shared with any third party.
To qualify, you must certify yourself as per the FCA rules.
There are 3 categories, you only need to qualify for 1 out of the 3. Each section has the respective FCA statement associated with the investor type.
A High-Net Worth Individual is someone who, A or B apply to, in the last financial year, did you have:
- An annual income of £100,000 or more? Income does NOT include any one-off pension withdrawals.
- Net assets of £250,000 or more? Net assets do NOT include: your home (primary residence), your pension (or any pension withdrawals) or any rights under qualifying contracts of insurance.
A Sophisticated Investor is someone who in the last 2 years have done one of the following:
- Worked in private equity or in the provision of finance for small and medium enterprises?
- Been the director of a company with an annual turnover of at least £1 million?
- Made two or more investments in an unlisted company?
- Been a member of a network or syndicate of business angles for more than six months
A Restricted Investor (An investor looking to invest 10% or less of their assets) Putting all your money into a single business or type of investment is risky. Spreading your money across different investments make you less dependent on anyone to do well.
- In the past twelve months, have you invested less than 10% of your net assets in a high-risk investment (as defined above)?
- In the next twelve months, do you intend to limit your investment in high-risk investments (as defined above) to less than 10% of your net assets?