withnell
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Post by withnell on Jun 9, 2018 15:22:52 GMT
There is no evidence at companies house that any of the property loans have refinanced.
There is also no official notice filed with Companies House about the change of administrator, despite the registered office being changed. I enquired with Co Ho and got this response yesterday (8-Jun): "According to our records Mr Gordon Craig was appointed as Administrator on 28 February 2018. If there has indeed been a change of Administrator we have not yet been informed of this fact."
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jun 9, 2018 16:00:52 GMT
There is no evidence at companies house that any of the property loans have refinanced.
There is also no official notice filed with Companies House about the change of administrator, despite the registered office being changed. I enquired with Co Ho and got this response yesterday (8-Jun): "According to our records Mr Gordon Craig was appointed as Administrator on 28 February 2018. If there has indeed been a change of Administrator we have not yet been informed of this fact." Fortunately the Gazette is up do date with the official notice m.thegazette.co.uk/notice/3020273. I'm sure CH will catch up at some point
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shimself
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Post by shimself on Jun 10, 2018 21:30:35 GMT
This thread has just reminded me of a thought I had a while ago , would anyone imagine the £100's of thousands in interest payments and repayments are going into an account that attracts interest ? I know we as Investors/Lenders are not entitled but it would be pretty depressing all round if the money just sits around month on month when there are big admin bills to be paid Even if there were say £10M sitting around it wouldn't be getting more than 1%pa, 10K per month tops.
That's why we're here because of low interest rates
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IFISAcava
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Post by IFISAcava on Jun 10, 2018 22:38:32 GMT
This thread has just reminded me of a thought I had a while ago , would anyone imagine the £100's of thousands in interest payments and repayments are going into an account that attracts interest ? I know we as Investors/Lenders are not entitled but it would be pretty depressing all round if the money just sits around month on month when there are big admin bills to be paid Even if there were say £10M sitting around it wouldn't be getting more than 1%pa, 10K per month tops.
That's why we're here because of low interest rates They could stick it in the AC QAA - would pay the admin costs.
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shimself
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Post by shimself on Jun 11, 2018 7:49:15 GMT
Even if there were say £10M sitting around it wouldn't be getting more than 1%pa, 10K per month tops.
That's why we're here because of low interest rates They could stick it in the AC QAA - would pay the admin costs. No they couldn't because they need a guaranteed account. Just suppose for a moment that AC had a hiccup ...
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jlend
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Post by jlend on Jun 11, 2018 8:04:28 GMT
This thread has just reminded me of a thought I had a while ago , would anyone imagine the £100's of thousands in interest payments and repayments are going into an account that attracts interest ? I know we as Investors/Lenders are not entitled but it would be pretty depressing all round if the money just sits around month on month when there are big admin bills to be paid Even if there were say £10M sitting around it wouldn't be getting more than 1%pa, 10K per month tops.
That's why we're here because of low interest rates I think it would be prudent to assume the business bank account(s) the money is in is paying zero percent interest and there are banking fees to pay for running the account(s)
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shimself
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Post by shimself on Jun 11, 2018 9:30:30 GMT
Even if there were say £10M sitting around it wouldn't be getting more than 1%pa, 10K per month tops.
That's why we're here because of low interest rates I think it would be prudent to assume the business bank account(s) the money is in is paying zero percent interest and there are banking fees to pay for running the account(s)
Having said which we share the same essential point that it's not a relevant amount in the scheme of things
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jlend
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Post by jlend on Jun 11, 2018 9:46:26 GMT
I think it would be prudent to assume the business bank account(s) the money is in is paying zero percent interest and there are banking fees to pay for running the account(s)
Having said which we share the same essential point that it's not a relevant amount in the scheme of things
Agreed. They may be able to put some of the money in an interest paying account. I would assume that any business current account they are running will be attracting fees due to the number of transactions going through the account. I doubt any of the p2p platforms have managed to negotiate free day to day banking, particularly one being run by administrators. Platforms are often going on about the cost and challenges with their banking systems and transactions costs.
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Godanubis
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Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Jun 11, 2018 9:58:30 GMT
Does anyone know if the £500 per hour is per man hour ? If so that is outrageous. Not really.
After tax etc, for a highly educated and experienced individual who works and lives in London it is reasonable IMO.
If Labour get into power we will be looking at £1000 per hour pre tax minimum otherwise it's not worth getting out of bed.
Sounds like average London Plumber's rate. Can we get a discount for cash ??
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IFISAcava
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Post by IFISAcava on Jun 11, 2018 11:20:57 GMT
They could stick it in the AC QAA - would pay the admin costs. No they couldn't because they need a guaranteed account. Just suppose for a moment that AC had a hiccup ... It was very much tongue in cheek - sorry if it wasn't obvious!
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