Inside Track Seminars placed into administration

Inside Track Seminars - the company that offered people the chance to become millionaire property investors - has been placed into administration.

A message on the company’s answer phone confirms that due to the continued sustained difficulties arising from the credit crunch, the company was placed into administration on Monday April 28.

The message states that Jeremy French, managing director of Vantis, and Glyn Mummery, a director at Vantis, have been appointed joint administrators.

The message adds: “Due to our position, we are unable to make any further comment whatsoever.”

Inside Track Seminars, which branded itself as one of Britain’s biggest property investment companies, was set up in 2002.

It specialised in holding workshops at hotels across the country where people were educated on property investment.