mary
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Post by mary on Dec 5, 2017 14:01:55 GMT
Completely agree.
And the reason/objective of each company?
ie. after the success of Cowes Week, is Lendy branching out into Events Marketing with Lendy Marketing Ltd.?
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keith
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Post by keith on Dec 5, 2017 20:37:19 GMT
All of this pours petrol on the fire of my disquiet with this bunch. I cant get my money out fast enough. No, wait, forget the last two words there.....
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withnell
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Post by withnell on Dec 6, 2017 7:02:57 GMT
All of this pours petrol on the fire of my disquiet with this bunch. I cant get my money out fast enough. No, wait, forget the last two words there..... Why does the fact they've reorganised their corporate structure cause you concern? It's in line with pretty much every large company in the country, eg look at the J Sainsbury accounts and you'll see tens of subsidiary companies (it is highly common to have an overall ownership entity and multiple operating entities for different business segments)
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Post by GSV3MIaC on Dec 6, 2017 8:56:59 GMT
Also (too) common to have various bits of the puzzle in far flung places like BVI, which Ly seem to have avoided so far. 8>.
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keith
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Post by keith on Dec 6, 2017 13:57:27 GMT
All of this pours petrol on the fire of my disquiet with this bunch. I cant get my money out fast enough. No, wait, forget the last two words there..... Why does the fact they've reorganised their corporate structure cause you concern? It's in line with pretty much every large company in the country, eg look at the J Sainsbury accounts and you'll see tens of subsidiary companies (it is highly common to have an overall ownership entity and multiple operating entities for different business segments) In most cases it wouldn’t. However, one always should be aware that restructuring can involve a bit of shuffling of assets, liabilities, cash flows and payments which may, of course, be entirely innocent and convenient for a host of reasons but which, should the music stop, have implications. Without more information one can’t say more but I tend to err on the side of caution in this sector in general...........
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blueninja
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Post by blueninja on Dec 6, 2017 15:27:37 GMT
Interesting stuff.
I notice that bank transfers when withdrawing from Lendy and still recorded as Saving Stream on by bank statement. So as well as registered companies, there are also they also have trading names.
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copacetic
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Post by copacetic on Dec 10, 2017 13:22:08 GMT
I wonder what the purpose of "Lendy Special Opportunities Ltd" company is. This is speculation but from the name it sounds as if it could be:
1. a vehicle for Lendy to put their own capital into loans on the platform loans in a segregated way to keep the FCA happy
2. particular loans held back from the platform for investment by Lendy themselves or selected investors (presumably better loans or loans which the borrower doesn't want to end up publically scrutinised here which would cause Lendy to miss out on the business)
3. the company which the underwritters pay into to fund platform loans
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