Bondholders left carrying losses after attempts to restructure Kevin McCloud investment
A fresh crisis looms for the Grand Designs presenter Kevin McCloud after attempts to restructure property bond investments in his housing empire failed.
Hundreds of investors – who were told last month they could face losing up to 97% of their money – were in effect warned that if they did not back the restructuring, one of the firms in McCloud’s empire was at risk of being wound up or falling into insolvency.