applets
Member of DD Central
Posts: 125
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Post by applets on Jul 15, 2017 22:00:50 GMT
Assuming this is the company shown at Companies House with Collateral as a creditor, it is worrying that Collateral did not know about the situation until yesterday afternoon. Even if the liquidator did not contact Collateral, a document is posted at Companies House on 7 July and dated 14 June. If Collateral were aware before yesterday afternoon, it is odd that secondary market trades were permitted to continue in that knowledge. I dont think you are talking about the same company. There is not charge for Collateral registered, they are listed as an unsecured creditor If it is not the same company then it is a coincidence that Collateral are an unsecured creditor for over £140,000 in another car dealer that went into liquidation on 26 June. I am however pleased to be corrected. It presumably means another Collateral loan has defaulted that is yet to be made public.
Alternatively, of course, this could be the correct company and Collateral have no charge over any of the assets.
In any event, it seems odd that the liquidators appointed on 26 June did not contact Collateral until the afternoon of 14 July and that Collateral did not get any inkling of a problem when they were trying to establish if the loan was going to be redeemed or renewed.
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applets
Member of DD Central
Posts: 125
Likes: 227
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Post by applets on Jul 15, 2017 12:37:03 GMT
Assuming this is the company shown at Companies House with Collateral as a creditor, it is worrying that Collateral did not know about the situation until yesterday afternoon. Even if the liquidator did not contact Collateral, a document is posted at Companies House on 7 July and dated 14 June. If Collateral were aware before yesterday afternoon, it is odd that secondary market trades were permitted to continue in that knowledge.
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