Can I make a claim against Hydrology PLC?

Hydrology PLC was incorporated in 2013 and was previously known as Water Bonds Plc, Nexus Water Bonds and eventually changed their name to Hydrology Plc in 2016.

What was Hydrology PLC and what happened to it?

Hydrology Plc was an investment into financing and developing commercial water facilities. They raised capital from investors by issuing Debenture bonds on the Cyprus Stock Exchange. Debentures are unsecured by nature and subject to the company performance.

Hydrology Plc started projects in Brazil and the US, but quickly started to face liquidity issues due to the low demand. Hydrology were suspended from trading on the Cyprus Stock Exchange and entered administration in 2017.

Some investors invested into Hydrology Plc after being cold called by a representative of St Paul’s Marketing Limited, who were subsequently then advised to transfer their private pension into a SIPP to facilitate the investment.

It was not made clear to investors by St Paul’s Marketing that Hydrology PLC was a high-risk investment into a newly incorporated company and was not suitable for the average consumer to invest all their pension.

I invested in Hydrology PLC. Can I make a claim?

If you were advised by St Paul’s Marketing Limited to transfer your personal pension into a SIPP which has now lost money; or  you weren’t made aware of the risk associated to the investment, you may be entitled to compensation.

This investment was advertised by different introducers, among them was St Paul’s Marketing Limited, who were authorised to carry out financial activities under the umbrella of City One Securities Limited. This means that any liability of St Paul’s Marketing is City One Securities Limited responsibility.

City One Securities Limited have recently been declared in default by the Financial Service Compensation Scheme (FSCS). The FSCS is a body that was introduced to protect customers of financial services firms that have failed and can award compensation for a company that has been declared in default.

The FSCS are working closely with the joint administrators and investigate whether there are any claims that qualify for compensation. The FSCS’s investigation surrounds whether City One Securities Limited (principal firms of St Paul’s Marketing) are responsible for the unsuitable advice received by investors that has led to leave the consumers investment loss and loss of their pensions pot.

Have you been affected?

If you have been affected by Hydrology Plc investments or St Pauls Marketing, contact Oakwood Solicitors free of charge today.

We will assess your claim over the phone and provide you with an immediate decision on whether we can assist you in making a claim.

Further reading

Mis-sold pensions – Oakwood Solicitors

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