shimself
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ThinCats/ BLN (TC) in Administration
Tax Statement
Apr 21, 2024 16:54:06 GMT
Post by shimself on Apr 21, 2024 16:54:06 GMT
So I've just observed that something happened end Aug 2023
And now I'm trying to work out what my tax declaration needs to say I think it says that no interest received (bitter laugh) I think it says that some money has been held back (retention) to cover liquidators costs I think it says that we have received some dribbles back on loans (mainly to that aristo bastard). I can't find and would want to find some schedule of write offs, anybody know?
The transaction list looks like this 01/09/2023 Payment Received(#2 Periodic principal payment (Somerset Community Housing Loan 3 [R1])) BLN00419 BLN-P01745 retention -£1.48 Open 01/09/2023 [Reconciled PR 7015]Payment Received(#2 Periodic principal payment (Somerset Community Housing Loan 3 [R1])) £5.91 Reconciled 01/09/2023 Payment Received(#2 Periodic principal payment (SCTBL Loan 2 [R1])) BLN00529 BLN-P01745 retention -£2.96 Open 01/09/2023 [Reconciled PR 7014]Payment Received(#2 Periodic principal payment (SCTBL Loan 2 [R1])) £11.82 Reconciled
So what do Open and Reconciled mean?
Yours glumly (doubly so, Port Vale were relegated yesterday)
Steve
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shimself
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General EUR P2x Discussion
Flender
Jan 10, 2024 14:03:26 GMT
Post by shimself on Jan 10, 2024 14:03:26 GMT
FLENDER WINDING DOWN
Dear Lenders,
As most of you will be aware, new EU crowdfunding regulations came into effect in November.
The Flender management team and board, after careful consideration, have decided for strategic reasons not to apply for this crowdfunding authorisation.
This means Flender will no longer offer new crowdfunding opportunities on its marketplace.
Flender will however continue to operate and we will continue to collect and service all existing crowdfunded loans on behalf of you, our lending community.
As lenders can no longer invest in new loans, we encourage you to withdraw your funds off the platform as your loans are collected.
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shimself
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Post by shimself on Jan 10, 2024 14:01:02 GMT
I've dabbled for a couple of years now
SME lending, 50€ minimum. The info is pretty poor really, a rating which doesn't make sense to me, a bit of blurb, often ludicrously favourable to the borrower, a potted 2 year P&L and BS (often quite old), and a Q&A which never gets timely answers. But here's the thing 1 default and 1 delayed out of my 119 investments
I don't get it, how do they do it?
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shimself
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Post by shimself on Jan 2, 2024 18:42:59 GMT
I made a formal complaint about the very sketchy data from Quantuma, no figures about the property sold for X, no narrative whatsoever. I then got some accounts which started with the cash in bank, still missing the sale price, still missing any narrative. Really poor show. Unfortunately Ablrate have appointed Quantuma
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shimself
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Post by shimself on Apr 28, 2023 10:34:31 GMT
My first officially defaulted loan on KUF, Front St.
I've noticed it's nowhere near Gravesend. I'll take care to stick to their home turf in future. LTV supposedly 45pc, here's hoping
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shimself
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Post by shimself on Nov 14, 2022 13:38:02 GMT
Can't get refinancing at the same rate they got 6 months ago with Kuflink......Kuflink think we can charge them more for months and not pass the increase on to investors.... Investors think they have been screwed over.... again! kuflink at some point the worms will turn......I hope you are planning ahead to try to prevent that happening. Do we know that they are paying an increased rate?
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shimself
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Post by shimself on Nov 14, 2022 13:36:08 GMT
I asked Kroll what they have done for the money and they tell me
As at 14 October 2022, the Joint Administrators had collected £13,718,381 of principal and £907,906 of interest on behalf of lenders.
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shimself
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Post by shimself on Nov 13, 2022 11:21:26 GMT
Does anyone have an idea of what the problem is? Oct 27, 2022 14:05:14 We have been advised by our client that they do not expect the loan to redeem as expected on 02/11/2022. We have requested a full update and this will be provided no later than the 02/12/2022.
Aug 30, 2022 15:51:40 We have now agreed a 3 month extension to allow the clients to exit as originally planned. For reference the original loan end date was 02/08/2022 and this is now 02/11/2022.
Aug 2, 2022 17:35:49 Our clients have advised us that they will not be able to exit this loan by the current end date. We are therefore considering whether a loan extension can be offered, we will update you on progress by 30/08/2022.
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shimself
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Post by shimself on Jun 6, 2022 10:08:56 GMT
Question (31/05/2022) (re Epping) "We understand that the valuer is now in liquidation and it is not known whether there is a notified insurer."What does NOTIFIED mean, and surely you always verify that the valuer has sufficient liability insurance as part of standard due diligence?
Answer (06/06/2022) Thank you for your question. Please note that as a result of its complexity, the AC team is unable to provide an immediate answer. We aim to have an answer or, at the very least, a further update on progress within the next five working days.
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shimself
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Post by shimself on Apr 21, 2022 12:35:48 GMT
Can some kind person help me to understand my tax reports, I can norma;;y cope but not this time, and I have asked and their answer isn't helping
By PM if you like
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shimself
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Post by shimself on Apr 11, 2022 12:36:23 GMT
Forgive my ignorance but rather than incur a bill for us all I'll ask here
I want to have some idea of where the money is at for HCPs 105 123 124 141 151
All I can find is the timetables for distributions (end 2022)
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shimself
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Post by shimself on Mar 31, 2022 12:29:30 GMT
The impressive bit is that the accounts to end 2021 were filed on 19 jan 2022, which gives me considerable comfort that they had no reason to mangle the accounts into giving a misleading picture, and that they keep the accounts bang up to date. You have 9 months to do this, they did it in under 3 weeks
But I wish I could interpret them
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shimself
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Post by shimself on Mar 21, 2022 17:31:31 GMT
Loanpad are filing their accounts at Companies House very promptly.
But I can't interpret them, can anyone else?
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shimself
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Post by shimself on Mar 21, 2022 16:53:34 GMT
To whom should complaints about the Complaints Commissioner be addressed? Quis
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shimself
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Post by shimself on Mar 11, 2022 12:53:11 GMT
Thanks very much for this Being somewhat spooked by inflation I think I need to increase my risk tolerance. I came here wondering if Bondora had reformed. And you gave me the answer
I worked at Bondora nearly 2 years and quit at the end of 2015, when it became clear that the company had chosen a path I did not want to participate in...... I do have a Bondora referral link if you want the €5 bonus, but I don’t recommend investing your money there.
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