About Rocksure

ABOUT US | OUR DIRECTORS | OUR PARTNERS | PRIVACY POLICY & LEGAL

Rocksure Property Ltd., a UK company based in Oxfordshire, was founded in 2005 by David Rogers and Desmond Patrick-Smith who had met while working in a joint-venture with premier travel company, Abercrombie & Kent.

They created a completely new - and, indeed, unique - model in which those writing the cheques would own 100% of the real estate by investing in a holding company which owned all the houses directly or through subsidiary vehicles.

Since the investors would own the houses, it was not unreasonable that they should be allowed to use them. The model allows them to do so whenever they wish up to an average of about 4 weeks a year each. This accounts for about 60% of the total weeks available; a small proportion (about 15%) is normally used by third party renters to obtain a contribution towards the running costs of the houses, and the balance is low season for maintenance, staff holidays etc.

The first fund, the Rocksure Property Alpha Fund, was launched in late 2006 and reached its target of 36 investors and just under £6 million in investment in 2007. The Fund then closed and six properties around the world were purchased with the money. These houses are being enjoyed by the Shareholders and will continue to be until the end of the Fund's life in 2014 when they will all be sold and the proceeds returned to Shareholders. It should be added that the Shareholders use their houses free of charge, although there is a modest annual contribution towards their maintenance.