N5 Ltd / Nigel Botterill
False Claims / Mis-sold business
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Peel2Save was sold to us a very, very part-time business that could generate enormous earning potential for both us and local charities and good causes. The concept is a 4 panel credit card style sticker card with 64 special offer vouchers on it which are peeled off and redeemed, the cards were to be sold by charities who kept £5 of the £10 selling price thereby 'raising lots of money for good causes'. The concept started in America and Nigel Botterill based his UK version on a pilot scheme run in Solihull that had apparently already secured many national brands.
Firstly, this is not a part-time business, it took me weeks to get my card filled and I put in a lot of hours every day in order to achieve this.
Secondly, contrary to what N5 told us, almost no national brands will be associated with Peel2Save.
Thirdly, Nigel Botterill told us in his sales video that local good causes, schools, sports clubs, charities etc. would be so grateful for this fantastic opportunity to make lots of money and it would be so easy for them to sell the first 1,000 cards. Had he trialed the concept properly before launching it in the UK, he would have discovered that local charities and good causes would not have jumped at this opportunity and those that did, would only manage to sell a handful of cards at best.
The result is that having followed Nigel Botterill's business model in detail, most Peel2Save owners have run at a considerable loss, I myself have lost £1,000's and it was not from lack of trying and putting in the hours.
The card sales have been non-existent and N5 subsequently changed the business model and introduced an affiliate scheme which means good causes raise virtually nothing, this was not what we signed up for originally.
Truth is, this business concept was rushed, not enough due diligence was spent on it and the entire franchise has been mis-sold. The only person to make money from this is Nigel
Botterill and his N5 business.
If he had a conscience, cared about his franchisees, admitted that this business does not work in the UK and refunded the franchisees in whole or part, we would accept with goodwill.
But instead Nigel tells us to pay the annual renewal fee or lose the area that we bought!
We have lost so much money, the concept isn't working and he asks us for more money....and this from a man who markets himself as a business guru/entrepeneur, one who is out there to
help people like us become successful business owners!! Is he for real??
Please Nigel, can we have our money back?
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