Foolishly, they decided to try their hand at a bit of high-end property speculation and Chelsea boat moorings ownership
According to the Times and the Daily Mail one of their little projects in Chelsea has got holed below the waterline.
You can read about their welcome plight HERE
They have now had to reduce the price from £40 million to £20 million and the lenders now want their money back so have appointed receivers.
|French Brothel Style|
According to the Mail "Cresswell House failed to sell after it was first put on the market through Knight Frank and Savills in 2016.
Independent expert Richard Stanley was appointed receiver to the Jersey-based company when Moffat's lenders ran out of patience"
The Moffats-very keen social climbers and eager to mix with "The Royalty"-ring-fenced the property in Cresswell House Finance Limited.
Let's hope other lenders are getting nervy....
The Islamic bank BLME and financier Christian Candy held shares, according to the Land Registry.
It is unclear whether the bank put the property into receivership.