SteveT
Member of DD Central
Posts: 6,875 
Likes: 7,924
|
Post by SteveT on Feb 15, 2018 9:53:57 GMT
I said please do not insult our intelligence, Moore Stephens could have completed the work within two weeks, a month at the outside, not four and a half months (or possibly six and a half months counting from the resignation of the previous auditors). Before you gainsay me you should note that I was a partner in a "top 10" accountancy firm and know this type of delay only occurs if there is a problem. Also why has it taken two and a half months for you to notiify us of these "reasons" for the delay? Seriously? You were a "top 10" accountancy firm partner, yet expect Lendy to wash their dirty laundry on a public forum (let alone this one)? Is that what you'd have advised your clients to do? Get real.
|
|
reinvestor
Member of DD Central
Posts: 194
Likes: 224
|
Post by reinvestor on Feb 15, 2018 10:01:17 GMT
Hi all, just to let you know that we expect to be filing our 2016 Report and Accounts to Companies House this week. All the best, Paul64 Is this a Gregorian calendar week or a Lendy week?
|
|
|
|
Post by dualinvestor on Feb 15, 2018 10:33:59 GMT
I said please do not insult our intelligence, Moore Stephens could have completed the work within two weeks, a month at the outside, not four and a half months (or possibly six and a half months counting from the resignation of the previous auditors). Before you gainsay me you should note that I was a partner in a "top 10" accountancy firm and know this type of delay only occurs if there is a problem. Also why has it taken two and a half months for you to notiify us of these "reasons" for the delay? Seriously? You were a "top 10" accountancy firm partner, yet expect Lendy to wash their dirty laundry on a public forum (let alone this one)? Is that what you'd have advised your clients to do? Get real. Yes, in the best light possible with maximum "PR spin" (something which they have shown themselves more than capable of in the past) much better than total silence leabing people tó speculate on the worst. Then again none of my clients handling hundreds of millions of pounds of other people's money were ever late filling acccpunts,let alone four and a half months late.
|
|
warn
Member of DD Central
Curmudgeon
Posts: 638
Likes: 659
|
Post by warn on Feb 15, 2018 10:41:06 GMT
Seriously? You were a "top 10" accountancy firm partner, yet expect Lendy to wash their dirty laundry on a public forum (let alone this one)? Is that what you'd have advised your clients to do? Get real. Yes, in the best light possible with maximum "PR spin" (something which they have shown themselves more than capable of in the past) much better than total silence leabing people tó speculate on the worst. Then again none of my clients handling hundreds of millions of pounds of other people's money werenotever late filling acccpunts let alone four and a half months late. None were not late? Ever? Tut tut.
|
|
|
|
Post by dualinvestor on Feb 15, 2018 11:07:20 GMT
Yes, in the best light possible with maximum "PR spin" (something which they have shown themselves more than capable of in the past) much better than total silence leabing people tó speculate on the worst. Then again none of my clients handling hundreds of millions of pounds of other people's money werenotever late filling acccpunts let alone four and a half months late. None were not late? Ever? Tut tut. None that handled nine figure sums of other peoples money. In fact it was my firms practise to coplete financial services companies accounts audits within three months of the year end, mainly to comply with regulators. In fact Lendy's and their associated company's own affairs are in such a shambles, late accounts, laye filings, striking off notices, failure to disclose conflicts of interests, failing to notify change of registered office, no full FCA authorisation, a third of the loan book in default etc, I am surprised anyone has any money left on the platform.
|
|
|
|
Post by da2279 on Feb 15, 2018 11:40:53 GMT
Latest Companies House for Lendy Ltd...
"15 Feb 2018 Full accounts made up to 31 December 2016
This document is currently unavailable, a copy can be ordered from the Contact Centre. Telephone +44 (0)303 1234 500. There is a £3.00 charge per document."
|
|
|
|
Post by dualinvestor on Feb 15, 2018 11:53:44 GMT
Latest Companies House for Lendy Ltd... "15 Feb 2018 Full accounts made up to 31 December 2016 This document is currently unavailable, a copy can be ordered from the Contact Centre. Telephone +44 (0)303 1234 500. There is a £3.00 charge per document." Wait a gew days and you can have them for free, after all whats a few days when the accounting date was13 and a half months ago and they are 135 days late being published 
|
|
warn
Member of DD Central
Curmudgeon
Posts: 638
Likes: 659
|
Post by warn on Feb 15, 2018 19:35:05 GMT
None were not late? Ever? Tut tut. None that handled nine figure sums ... etc. etc. Yes but if none were not ever late, then all were Oh, never mind. At least it gave you the chance to let those of us who hadn't quite got it yet know your opinion of Lendy's accounting again.
|
|
stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
Posts: 1,447
Likes: 945
|
Post by stub8535 on Feb 15, 2018 21:05:57 GMT
Is it not good during Lent for Paul to come out and admit Lendys sins and offer such prayers of penance to the GOD of spin?
Shame it wasn't out Tuesday or we could have had pancake fun too😁
|
|
|
|
Post by dualinvestor on Feb 16, 2018 11:18:04 GMT
None that handled nine figure sums ... etc. etc. Yes but if none were not ever late, then all were Oh, never mind. At least it gave you the chance to let those of us who hadn't quite got it yet know your opinion of Lendy's accounting again. Congratulations on your degree in pedantic semantics, apart from you and SteveT it was obvious to everyone what the original post meant.
|
|
|
|
Post by da2279 on Feb 16, 2018 11:39:45 GMT
Accounts now available to download on CH
|
|
warn
Member of DD Central
Curmudgeon
Posts: 638
Likes: 659
|
Post by warn on Feb 16, 2018 16:48:39 GMT
Yes but if none were not ever late, then all were Oh, never mind. At least it gave you the chance to let those of us who hadn't quite got it yet know your opinion of Lendy's accounting again. Congratulations on your degree in pedantic semantics, apart from you and SteveT it was obvious to everyone what the original post meant. Oh, it was obvious to me (and, I'm sure, to SteveT) what you meant -- Zeus knows we've been harangued with it often enough . I merely wanted to show that there are, against the odds, those who still actually read your output. Even if you don't. And I did consider putting a smiley at the end, but decided to give you the benefit of having a sense of humour. Point now taken.
|
|
registerme
Member of DD Central
Posts: 6,624
Likes: 6,437
|
Post by registerme on Feb 16, 2018 17:03:21 GMT
Play nice please. There's important material in this thread, it would be a shame to have to go through and prune it, not to mention take somebody's time.....
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on Feb 16, 2018 18:04:22 GMT
Out of interest, as I’m limited to a small mobile phone screen and dodgy WiFi currently, are there any material differences between the CH-filed accounts and the draft accounts Lendy posted on their website several months ago?
|
|
jjc
Member of DD Central
Posts: 414
Likes: 632
|
Post by jjc on Feb 16, 2018 18:09:16 GMT
Not personally read them yet SteveT , but I gather profit has gone up £600k in the new accounts. Due to higher reported turnover (+£1.7m on prior) iws. |
|
