Hunter Jones and HJ Collection: the FCA case explained for loan note holders

If you hold loan notes sold by Hunter Jones, you may be worried by news of the FCA’s High Court case or by a payment that has not arrived. This guide explains what the FCA alleges, which HJ Collection companies exist, how to tell which one issued your notes, who holds security, and what has happened at HJ Collection 2 Ltd. Every fact comes from the FCA, the FSCS, the Financial Ombudsman, Companies House or a named press report, and we say which.

What is the FCA case against Hunter Jones?

The FCA case against Hunter Jones is a High Court claim, begun on 21 September 2026, against Osborne Baldwin Limited, the company that trades as Hunter Jones and Hunter Jones Group.

The FCA alleges that “Hunter Jones, which sells loan notes, carries out regulated activity without authorisation”. It asks the court to stop Hunter Jones carrying out regulated activity and to order money to be returned to investors.

The FCA states that the proceedings are at an early stage, that the court has not determined the claim and that no trial date has been set. Hunter Jones Group is a trading name, not a separate company.

Which companies are HJ Collection?

HJ Collection is a group of separate companies registered at One Oaks Court, Warwick Road, Borehamwood, all with Reece Robert George Mennie as a director, according to Companies House. The companies and their numbers are:

Each company is a separate legal entity, so check the number on your documents.

Which HJ Collection company issued my loan notes?

The public record does not show which HJ Collection company issued any one investor’s loan notes, so the issuer’s name and number on your own documents is the answer.

Who holds security over the HJ Collection companies?

Charges over the HJ Collection companies are held by a mix of lenders and other companies, according to the charge registers at Companies House.

Other charges are held by property lenders. Osborne Baldwin Limited has no charges. We found no shareholding or directorship link between Equity for Growth, Blue Water Capital or Blue Water Trustees and the HJ Collection companies.

What has been reported, and what is confirmed?

Official records confirm the FCA’s claim, the companies, their charges and the receivers. The figure for money raised comes from the company itself.

What the company says: Press Association (21 September 2026) reports that the company “claims it has helped raise more than £300 million for property investments”. This is the company’s own claim.

The FCA’s claim is an allegation that the court has not decided. Receiver action is a legal status. It is not a finding of wrongdoing.

What does receivership mean for HJ Collection 2 Ltd?

Receivership is not administration or liquidation, but it means a lender has stepped in. A receiver is appointed by a lender that holds a charge over a company’s property. The receiver takes control of the property covered by that charge and uses the money to repay the lender that appointed them. The receiver acts for that lender, not for the company or all of its creditors.

Companies House shows that receivers were appointed to HJ Collection 2 Ltd (13016830) on 17 August 2026 under two charges. They are David Keith Foskett and Navneet Singh Bagga, of 105 Piccadilly, London. Earlier receivers acted from 18 February to 31 March 2025.

What this means for loan note holders depends on which charges the receivers were appointed under. If a charge is held by a security trustee for noteholders, money the receivers recover can go towards the notes. If it is held by a property lender, that lender is repaid first. The charge register for HJ Collection 2 Ltd shows each charge and who holds it.

A receivership can end once the property is sold and the lender repaid, and the company can later go into administration or liquidation. Any change appears on its Companies House insolvency page.

What happens next?

What happens next in the FCA’s case against Osborne Baldwin Limited is for the High Court to decide.

• Osborne Baldwin Limited is active at Companies House and is not in an insolvency process.
• Whether any FSCS protection applies to business arranged through Equity for Growth is decided by the FSCS.

The public record does not show when this will happen, or what any investor will receive.

What can you do now?

You can find the company named on your loan notes, keep your papers together, contact any office holder of that company, check the FSCS page, and be careful with offers of help.

• Find your company. Check your agreement and note which company and company number it names.
• Gather your papers. Keep your agreement, proof of payment, emails and statements together.
• Contact the office holders of that company, where there are any. Send your name, the amount invested and the date of your agreement. Osborne Baldwin Limited and HJ Collection Ltd are not in administration or liquidation. The receivers of HJ Collection 2 Ltd are named on its Companies House insolvency page.
• Check the FSCS page. If you dealt with Hunter Jones between May 2018 and April 2020, read the FSCS page for Equity for Growth (Securities) Limited, which the FSCS declared in default on 15 July 2026.
• Be careful with offers of help. People who have lost money are often approached by firms offering to recover it for a fee. Do not pay anyone upfront for a promise to get your money back.

How can you check the status yourself?

You can check the status of Osborne Baldwin Limited yourself on its Companies House page.

• Go to the Companies House page for Osborne Baldwin Limited.
• Check the company status. It currently reads “Active”. HJ Collection 2 Ltd reads “Receiver Action”.
• Open the Insolvency tab to see the case start date and the practitioners. Osborne Baldwin Limited has no insolvency case; for HJ Collection 2 Ltd, this tab shows the receivers.
• Open Filing history to read the latest reports.

The Gazette also publishes formal insolvency notices. Companies House does not check the accuracy of what companies file, but it is the official public record and the best place to start.

Stay ahead of Hunter Jones and HJ Collection updates

The FCA is suing the company that sold the loan notes, while your notes name the HJ Collection company you hold them in, so that is the company to watch. You can follow each change on our Hunter Jones and HJ Collection record. Want to keep track of Hunter Jones and HJ Collection? Register with InteliCo to be told when this record changes.