Latest updates and investor news

Stay informed about ongoing developments, community findings, and current actions regarding Smudgy Developments Ltd and the failed property investment scheme in New Plymouth. Here we consolidate answers to key questions and outline our shared progress.

Frequently asked questions

Find clear, up-to-date information on the current situation, documentation needed, and how we are working together to achieve transparency and accountability.

What happened with Smudgy Developments Ltd?

Smudgy Developments Ltd was involved in a property investment scheme based in New Plymouth that failed to deliver on its planned developments, resulting in significant losses for individual investors. We are bringing affected parties together to share information and determine potential legal and regulatory remedies.

What is the latest status of our collective inquiry?

Our investor group is currently collating contracts, bank statements, and correspondence from all affected investors to build a comprehensive dossier. This information is being reviewed to assess options for formal complaints and collective representation.

Where can I view the detailed chronology of events?

To review key dates, transaction milestones, and project filings from the inception of the New Plymouth scheme to its collapse, please visit our Case Timeline page.

Does joining the group cost anything?

No. Connecting with our investor network is completely free. We are an informal group of fellow investors based across Auckland and wider New Zealand seeking shared clarity and accountability.

Connect with fellow investors today

If you invested in Smudgy Developments Ltd in New Plymouth, you do not have to navigate the aftermath alone. Reach out to our organising team to join our network and participate in collective next steps.