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Post by mrclondon on Nov 7, 2013 22:41:57 GMT
For the benefit of anyone that plugs the dentist's trading address into google streetview, the premises appear to be above the Britannia with the narrow entrance between them and the McDonalds. I visited Kingston semi-regularly a few years ago, and Eden Street is a busy high street in a busy London surburb.
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debeast
(o)(o)
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Post by debeast on Nov 10, 2013 17:43:30 GMT
Ah,
Cheers for the lowdown. My worry is will he get to keep that property locattion after the last issue with his landlord?
Someone has asked this on Q&A but no answer from him yet?
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agent69
Member of DD Central
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Post by agent69 on Nov 10, 2013 19:03:43 GMT
My worry is that if he falls ill the security goes out the door.
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Post by andrewholgate on Nov 11, 2013 9:25:41 GMT
The value in the business is the customer list. If he falls ill, he gets in a locum. Any dentist taking home £175k from their list would be suicidal to let that go.
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Post by mrclondon on Nov 15, 2013 22:45:56 GMT
Big increase in % funded today, presumably some of the returned Aberystwyth money has found its way onto this one. Could fill quite quickly from this point.
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agent69
Member of DD Central
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Post by agent69 on Nov 16, 2013 11:08:58 GMT
I was luke warm when I first saw the loan, but having looked at the details again I think I might have a small punt.
This is another re-financing deal that I an struggling to understand. If the practice is making £150k a year profit, why don't they pay off the bank loan in full?
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pikestaff
Member of DD Central
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Post by pikestaff on Nov 16, 2013 12:07:02 GMT
Better get your skates on, it's now 84% funded.
I suspect he's not got the cash to pay off the bank now, but may well repay our loan early.
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alison
Member of DD Central
Sanctuary!!
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Post by alison on Nov 16, 2013 12:23:15 GMT
Looks a lot smarter place than my dentist based on the pics!!
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agent69
Member of DD Central
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Post by agent69 on Nov 16, 2013 13:16:41 GMT
I suspect he's not got the cash to pay off the bank now, but may well repay our loan early.
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agent69
Member of DD Central
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Post by agent69 on Nov 16, 2013 13:18:04 GMT
Better get your skates on, it's now 84% funded. I suspect he's not got the cash to pay off the bank now, but may well repay our loan early. Try again. So what did he do with the £150k profit from last year?
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pikestaff
Member of DD Central
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Post by pikestaff on Nov 16, 2013 17:54:47 GMT
Don't know exactly. A fair chunk will have gone to pay off the IVA, another on tax. Then he has to live, and there is mention of improvements to his house; maybe those were during the year.
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bugs4me
Member of DD Central
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Post by bugs4me on Nov 16, 2013 18:27:08 GMT
Better get your skates on, it's now 84% funded. I suspect he's not got the cash to pay off the bank now, but may well repay our loan early. Try again. So what did he do with the £150k profit from last year? Why don't you post that question on the Q & A section of the loan at Assetz. Every other question has been answered.
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agent69
Member of DD Central
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Post by agent69 on Nov 16, 2013 20:16:36 GMT
Try again. So what did he do with the £150k profit from last year? Why don't you post that question on the Q & A section of the loan at Assetz. Every other question has been answered. Too late, already had a (modest) punt
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Post by brummiefred on Nov 17, 2013 11:54:41 GMT
Just ticked over to 100% funded as I watched !!!
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Post by jevans4949 on Nov 17, 2013 17:19:01 GMT
The auction has been crowned with success!
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