Thursday, August 13, 2009

Property Secrets Calls Time

We're interrupting our annual summer hols, unfortunately to inform you of another overseas property agent that has bitten the dust. Those of you who have visited the Property Secrets website since August 11th will have noticed that the company is no more. You'll be greeted by the following message:

Dear Property Secrets members,

I regret to inform you that Visium Group, the owner of, has closed its doors for further business and ceased trading as of Tuesday 11th August. In the end the recession has been too deep and too long to survive.

It is intended, however, that the Property Secrets website publishing business will continue as unaffected as possible, ensuring all advertising and membership commitments are met during this process.

This includes continually updated property investment advice, research and services currently available on the Property Secrets website, but does not include support for any previous investment property sold through Property Secrets.

i-PropertyAssets clients are advised to contact their letting and management partners directly or make alternative arrangements.

Notices to creditors will be issued over the next few days, notifying them of a meeting to be held on 8th September at the offices of the proposed insolvency practitioner, Walletts (click to download a pdf of the letter of notification of the creditor meeting).

In the meantime, a core team will remain to continue to provide a live website and collect outstanding payments such that amounts owing to staff and creditors can be met as best as possible, and that the value of the website and publishing business can be maintained should a potential purchaser be found by the insolvency practitioners.

Any statements of interest in purchasing some or all of the business assets of Visium Group Ltd should be directed to Walletts using the contact details on the letter of notification of creditor meeting.

On behalf of the directors of Visium Group I'd like to say thank you to all our customers, partners and staff for the last 10 years, and we wish you all the best of luck with your investments.

Best wishes

Neil Lewis, Peter Bennett, Simon Shepherd, Jez Touch
Visium Group Ltd

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