A company fronted by Homes Under The Hammer presenter Martin Roberts has gone into administration with around £3m of debts.
Filing on Companies House shows that an administrator was appointed yesterday for Asset Academy, which has laid off all its staff.
The Mirror reports that a number of potential customers could lose money after they paid out cash and got nothing in return.
Roberts, 59, and his wife Kirsty had shares in the firm which offered training sessions for aspiring property investors.
Organisation bosses promise on their website to help students of the academy learn how to ‘invest in property the right way’ and ‘thrive in today’s market’ during a three day intensive learning course.
They offer online courses, Zoom meetings and support groups via social media, although they state they are no longer taking on new students.
Roberts is familiar to many having appeared on property shows, helping people to purchase homes at auction before renovating them.
In a YouTube video for Asset Academy, he said: “The great thing about property investing is, with the right training and the right guidance, anyone can do it.
“You don’t need to be some prima ballerina, you don’t need to be some God-given talent.
“Anybody from any walk of life, I believe, with the right training and right support, can become a successful property investor.”
Unimpressed customers left negative reviews on website TrustPilot before the company went into administration.
One person wrote: “After I had booked in and paid for a course, they cancelled and moved it to a date that I couldn’t do, so I asked for the money back guarantee and have been chasing them for five weeks with no reply.
“Save your money and go for someone better.”
Another person wrote: “I registered to attend [online] training on the 22nd February 2023, paying the booking fee. It is now over one month later and I have still not been provided with details.”
A spokesperson for Roberts told the press that the TV presenter’s involvement with Asset Academy was as a brand ambassador, an auction trainer and a minority shareholder, and that he did not receive any dividends.
They added: “He had no involvement in the financial operation of the company. He stopped his association several months ago. Martin himself is currently owed a considerable amount of money.”
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