This is my second review of X1 Developments regarding Manchester Waters Tower D. My first review was posted in March 2025; it is now February 2026, and my situation remains unresolved.The Facts:1. I invested in this development in 2022 with a deposit of over £86,0002. The contractual Longstop Date of December 31, 2025 has passed - the project has not even commenced construction and has no plans to do so3. My deposit has NOT been returned despite the breach4. X1 has confirmed i that they are in breach of contract, but unable to pay due to no sufficient cash liquidity to refund investors and that repayment is not possible at this timeLegal Action Update: I instructed solicitors in March 2025. Nearly one year later, X1's legal team has failed to meaningfully engage, resulting in:1. No resolution or progress toward deposit return2. Substantial legal costs continuing to accumulate3. Significant financial and emotional distressWarning to Potential Investors: The highly positive reviews on this platform do not reflect the reality faced by investors like myself who are owed substantial deposits after missed longstop dates. X1 has admitted breach of contract and inability to pay, yet continues to operate and potentially take new investments.I strongly urge extreme caution and thorough independent due diligence before investing with X1 Developments. Consider whether you can afford to lose your entire deposit with no recourse.
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