However, the Queen's Park project suffered serious mismanagement and fraud and in 1877 the company secretary William Swindlehurst and two others were found guilty of defrauding £9,312 (approximately £ today) from the project. The company was forced to raise rents and tenants were no longer permitted to buy their houses; by 1880 the company's finances had recovered sufficiently to allow further expansion.Welch, p. 10 A third estate, Noel Park, was built near Wood Green north of London between 1883 and 1929, followed by a fourth in Streatham at Leigham Court.
