Hydrology Water Bonds Investment Claims Guide
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Hydrology PLC – previously known under the names of Water Bonds PLC, Nexus Water Bonds before finally settling on Hydrology in March 2016, originally proposed a CVA – a Creditors Voluntary Arrangement due to “financial difficulties” experienced by the company.
Now it’s gone into Administration
But should have investors have been pointed towards a Hydrology PLC investment in the first place?
Many appear to have been mis-sold via SIPP pensions, and may be able to make a claim for losses.
Can You Claim For Hydrology Mis-Selling Compensation?
Several financial advisers and the FSCS have been paying out compensation for the mis-selling of Hydrology water bonds and similar investments via SIPPs and SSASs for a few years, with Spencer Churchill Claims Advice often leading the claim on a No Win – No Fee* basis.
If you:
- Transferred your pension to a SIPP
- Invested in Hydrology Plc or other high-risk investments
- Aren’t earning over £100k per year
- Aren’t a Sophisticated Investor
Then you may have been mis-sold, and you could be able to make a claim for negligent SIPP advice.
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Let’s Rewrite Your Financial Story
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We are here to rewrite the book for you. And luckily we are pretty damn good at creating happy endings.
When you get let down by someone you thought you could trust, it can leave its mark on you, emotionally and physically.
We are committed to transparency and fairness in the way we conduct with clients, including how we charge for our claims services.
Hydrology PLC’s “Financial Difficulties”
Hydrology PLC was created to “enter commercial water markets by financing and developing facilities” that treat water, purifying it for use in industrial purposes.
So far so good, and as of late 2016, Hydrology PLC was operating two projects in Brazil and the US, while listed on the Cyprus Stock Exchange.
But the reasons for financial difficulty were stated in their proposal to enter a Creditor’s Voluntary Agreement:
- Both projects require further finance for development and maintenance
- US project suffered from collapse of oil and gas prices – 73% drop in the price of water treatment and disposal
- Substantial legal fights with local partners
- Considered “toxic” by the investment community [sic]
This has meant that Hydrology PLC has DEFAULTED on interest payments to debenture holders between March and Sept 2016, and again from October 2016 though to 1 March 2017, as the company is not able to pay.
For most SIPP investors, the question might not be what happened to Hydrology? so much as can I make a claim?
Hydrology PLC Timeline Of Events
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Company Formed
2013
What is now Hydrology Plc formed as Water Bonds PLC back in 2013, before renaming to Nexus Water Bonds PLC, and finally Hydrology PLC.
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Toxic Investments
2017
Update released: investment is now considered to be “toxic”
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Liquidation
2018
In July 2018, Hydrology Plc entered into liquidation – a type of insolvency proceeding.
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Updates
2018
The updates from the administrator and later the liquidator shed more light on what happened with Hydrology PLC:
“Hydrology has financed two projects to date”: Brazil for a facility that treats brackish water from the Sao Joao River, and USA for a Commercial oilfield water disposal facility.
Both facilities required further investment for maintenance and expansion.
As a result of a changing US market, there was a 73% drop in the price of water treatment and disposal.
Hydrology Plc Related Claims
Do you know how people complained about mis-sold investments and pensions in the last year?
A lot. Over twenty thousand complaints were made about mis-sold pensions and investments in 2020/21, a figure which had doubled since the year before.. It’s no secret how serious this problem is, and it just seems to keep getting worse.
Have You Been A Victim Of Financial Mis-Selling?
Reaching out for help is never easy,
especially if you’ve been misled in the past.
But getting in touch with us won’t commit you to anything. We want to toss you a lifeboat and guide you through the choppy waters of the financial ocean, not leave you struggling to stay afloat. Our experts are here to offer advice and support on financial claims. We know what we’re doing and you can trust that if you’ve got questions, we’ve got answers.
Spencer Churchill Claims Advice featured on:
Spencer Churchill Claims Advice Will:
- Speak to you in plain English
- Provide you with a dedicated claims specialist
- Pay attention to the small details of your case
- Keep you up to date with the status of your claim
- Make sure you understand our charges
- Do absolutely everything we can to win your claim
How does our claims process work?
Our claims process is dead easy, so we can sum it up in the four simple steps below:
What Types Of Claims Do We Handle?
Speak to an expert today
We have decades of experience in helping people claim back money that is rightfully theirs. Whether you want to make a mis-sold pension claim, have questions about a mis-sold investment, or you’re just looking for some advice you can trust – we’ve got you covered. Reach out to our team today for a no-obligation, completely free chat.
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