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Post by jackpease on May 29, 2014 11:41:18 GMT
Yes i'd forgotten that one so if i update my list of three to become four - is that now a complete list?
The Huddersfield dry cleaner £50k loan, late payment and chasing with warnings on selling loan parts
We have £25k S....s advertising with it 'highly unlikely' all the loan will be repaid
We have Cl..... the waste firm £100k and a further £50k looking very poorly
Bedfordshire based moped dealer (all details removed) from website.
Jack
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alison
Member of DD Central
Sanctuary!!
Posts: 356
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Post by alison on May 29, 2014 12:24:00 GMT
Yes i'd forgotten that one so if i update my list of three to become four - is that now a complete list? The Huddersfield dry cleaner £50k loan, late payment and chasing with warnings on selling loan parts We have £25k S....s advertising with it 'highly unlikely' all the loan will be repaid We have Cl..... the waste firm £100k and a further £50k looking very poorly Bedfordshire based moped dealer (all details removed) from website. Jack So this doesn't include the road builders who are listed in debt recovery on my dash?
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Post by jackpease on May 29, 2014 12:51:18 GMT
>>>So this doesn't include the road builders who are listed in debt recovery on my dash? I guess not - its not on my dashboard and i've completely forgotten that one. Quite worrying that these are not left 'on the record' either to those with and without exposure to those particular loans.
Surely all these must mean we are knocking on 5% default on £6m total FK lending?
Jack
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Post by batchoy on May 29, 2014 13:15:45 GMT
Surely all these must mean we are knocking on 5% default on £6m total FK lending? Quite possibly, but as a new customer to FK (or someone who does not happen to have the doubtful/defaulted loans) you would not know it as the Loan book data and thus the default numbers are over a month and a half out of date. Which does not exactly sit will with the need for disclosure by the FCA.
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on May 29, 2014 15:16:07 GMT
We may be moving towards discovering how effective the "personal guarantees" FK "secures" from borrowers. Bedford moped dealer's was worthless, hence the write off. The latest Cl...waste firm has a PG and "cross guarantee" from another company. I wonder when (or even if) the wriggling will start.
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Post by batchoy on May 29, 2014 15:42:47 GMT
The latest Cl...waste firm has a PG and "cross guarantee" from another company. I wonder when (or even if) the wriggling will start. It will be interesting to see what the Liquidator makes of the £700k of assets (monies owed by the parent company and cross guarantor) that investors weren't meant to consider.
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