SteveT
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Post by SteveT on Jun 16, 2017 11:14:27 GMT
Although there may be no other loans to this SPV, the company director is well known to Ablrate (and Huddle) lenders! Think themed bars...
(Companies House don't seem to have linked this appointment to his other Directorships, but same name and birth month)
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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 16, 2017 11:14:58 GMT
the company is stated dissolved on companies house. (link redacted) There are two of the same name, ours is the Leeds one with the ISTM very familiar director ablrate do you think the name of the director and presumably one of the shareholders should be mentioned in the details given how many loans he has a finger in (Is this the new corporate yacht?)
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Post by elephantrosie on Jun 16, 2017 11:16:49 GMT
leeds based company is stated as dormant on companies house.
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Post by ablrate on Jun 16, 2017 11:17:58 GMT
I think you may be looking at the wrong company. There is one that is dissolved, it is the other one.
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ianj
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Post by ianj on Jun 16, 2017 11:20:16 GMT
the company is stated dissolved on companies house. (link redacted) M********* LIMITED 0******5 - Dissolved on 17 June 2014 M********* LIMITED 1******2 - Incorporated on 28 March 2017 No connection by address or named officers.
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treeman
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Post by treeman on Jun 16, 2017 11:24:05 GMT
leeds based company is stated as dormant on companies house. As a recently formed SPV, the company hasn't done anything - bought the boat - yet.
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Post by ablrate on Jun 16, 2017 11:25:41 GMT
the company is stated dissolved on companies house. (link redacted) There are two of the same name, ours is the Leeds one with the ISTM very familiar director ablrate do you think the name of the director and presumably one of the shareholders should be mentioned in the details given how many loans he has a finger in (Is this the new corporate yacht?) Page 11 - disclosures. Regards Ablrate
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Post by elephantrosie on Jun 16, 2017 11:36:40 GMT
leeds based company is stated as dormant on companies house. As a recently formed SPV, the company hasn't done anything - bought the boat - yet. i havent got a lot of experience in directorships of limited companies; but for my limited company, once it was formed, it was never stated dormant on companies house. it will only be dormant if you request so.
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kaya
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Post by kaya on Jun 16, 2017 11:39:53 GMT
Although there may be no other loans to this SPV, the company director is well known to Ablrate (and Huddle) lenders! Think themed bars... (Companies House don't seem to have linked this appointment to his other Directorships, but same name and birth month) Now let me get this straight. Up to the neck with various company debts, and now buying a luxury yacht? No, that just don't sit right with me at all.
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ilmoro
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Post by ilmoro on Jun 16, 2017 11:43:16 GMT
There are two of the same name, ours is the Leeds one with the ISTM very familiar director ablrate do you think the name of the director and presumably one of the shareholders should be mentioned in the details given how many loans he has a finger in (Is this the new corporate yacht?) Page 11 - disclosures. Regards Ablrate Ah yes, thanks. Trying to read very, very small print - taken me several attempt to spot it even now youve told me and Adobe search is useless. Perhaps it should be slightly more obvious, ie mentioned in the main loan particulars - seems a little opaque buried down there.
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Post by ablrate on Jun 16, 2017 11:47:14 GMT
Hi Il moro - we are updating the doc.
As for the small writing.. The borrowing proposals have been redesigned and the first draft (this one) is not great on resizing etc (it was designed in Photoshop etc).. It will be replaced soon with a proper pdf one that will work better going forward.
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Jun 16, 2017 11:49:03 GMT
Although there may be no other loans to this SPV, the company director is well known to Ablrate (and Huddle) lenders! Think themed bars... (Companies House don't seem to have linked this appointment to his other Directorships, but same name and birth month) Now let me get this straight. Up to the neck with various company debts, and now buying a luxury yacht? No, that just don't sit right with me at all. My sentiments exactly, living the high life on Credit. I'm out. The Platforms must loathe this site, but I suppose the upside is that there's always plenty of lemmings to replace us if the Loan doesn't float. (Sorry, couldn't help it!)
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Post by ablrate on Jun 16, 2017 12:03:53 GMT
Now let me get this straight. Up to the neck with various company debts, and now buying a luxury yacht? No, that just don't sit right with me at all. My sentiments exactly, living the high life on Credit. I'm out. The Platforms must loathe this site, but I suppose the upside is that there's always plenty of lemmings to replace us if the Loan doesn't float. (Sorry, couldn't help it!) Everyone is entitled to their opinion... so its not an issue... I just wish that people would be more fact and less opinion. Describing investors who are in this loan as 'Lemmings' is not really helpful, adds nothing to the discussion and frankly is a little insulting to them.. The loan and security is what lending in this space is about. 14% amortising, 71% LTV, against an asset depreciating at a much, much lower rate with a PG (not AH) worth over £1mn also... and the group companies in which AH is involved have never missed a payment on any loan, AND we have security in the multiples of loan values against those loans.. Like I say, happy with all feedback,.. but let's keep it sensible.
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Jun 16, 2017 12:23:41 GMT
Fair enough.
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macq
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Post by macq on Jun 16, 2017 12:33:58 GMT
Fair enough. don't think you will get an invite for the first "jolly boys outing"
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