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Old 17th Oct 2023, 16:57
  #356 (permalink)  
slast
 
Join Date: Jan 2010
Location: Marlow (mostly)
Posts: 374
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Asquith's other business...

A bit more research into Asquith's other business “Holiday Swap Group Limited” to amplify what I said on the Times article BTL.
Compared to its direct competitors it claims to have grown much faster without leaving any visible traces in consumer records. E.g. t
he claim on his website is that since starting in 2017 it has 250k "active users" at the beginning of 2020, 500k 2021, 1m+ 2022 and 10m+ projected Q4 2023. This is astonishingly faster than direct competitors like Homeexchange, started 1992 now claims 100k users . HHS claims 10 tiomes as many after only 5 years. Lovehomeswap (LHS), started in 2009, claims only 10k users. HHS doesn't have any "real world" contact information on its website but is registered as a UK company. "Customer reviews" give some clues as to what is is happening - Homeexchange (claimed 100k users) has about 5100 reviews on Trustpilot, of which 88% are 4 or 5 star. The smaller LHS has 1800 of which 83% are 4 or 5 star. With its "I million plus" in 2022. HHS itself has a grand total of 57 (fifty seven) from its million plus users, of which 54 are 5 star, the other three are 1 or 2 - no 3 or 4 - and NONE earlier than 14 September 2022, when there's a pattern of several of the same generic "praise" on the same day, all from Turkish name users and looking like bot-generated text.

The holidayhomeswap Android app shows "500k+ downloads" which is probably where the only justification for the claimed active users numbers) and has the same pattern. Few prior to autumn 2022 - mostly a mix of fake-looking 5 and genuine 1 stars. Then from September 2022 a flurry of 5 stars, for example 38 5 stars from Turkish names on a single day!

There's then very little recent comment: last 6 months it was mostly 1 star, one in August had the comment "A clunky Airbnb type app for renting, not house swapping. Appears to be nearly abandoned as well. App was last updated almost 1 yr ago."
The Apple app reviews is similar, again not updated for a year.

On the website I didn't find one property that did not show 100% availability in the future. Descriptions are generic and certainly don't look as if they'd been posted by genuine owners. Strangely, a huge number seem to have been put up by "Kevin", who joined in February 2023! For example, London flats with an address of "Romford, Birlesik Krallik" - which is Turkish for United Kingdom!
So it looks to me like HHS was a very unsuccessful startup by Asquith in Turkey in 2017, which was been revived with a load of fake data scraped from other websites last winter, to provide cover as the Global Airlines backer.

The board of HHS was changed a few months ago and now consists of Asquith, Tom Stokely -see Essex family behind OnlyFans profit from pornography boom | Pornography | The Guardian and Matt Davey - see Runaway CEO behind failed ticketing company who owes $3.8m loses appeal | Stuff.co.nz

Sirens, red lights......




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