I am sorry that you are disappointed with the recovery situation for this business, however ArchOver are doing all that they can to recover the outstanding funds. We are wary that this process has taken longer than first expected, but we have made sure we have kept Lenders up to date throughout the duration.
As a Lender to the S&I projects, you have already received 17.4% back of your original capital investment, we are expecting more capital repayments to be made in the near future. ArchOver has always been very cautious in the recovery forecasts and there is always a chance that the recovery amount could be greater than the figure forecast in the email updates.
As you will have seen in the most recent update there are many avenues that ArchOver are chasing, but due to the nature of this business and the industry in which it sits, there are always disputes and delays.
Disappointing. Jan 2018 to September 2021 25.58% recovery.
Estimated recovery in email from Archover dated 27-Nov-18 was ~75% and this figure was confirmed on 2-May-19 and again on 8-Aug-19, sadly reduced to "no more than 70%" on 24-Oct-19.
Is the recovery still on-going?
I've still got two on-going with nothing returned so far worth mentioning. I know there were more defaults from around that time, don't know what's happened since then. I exited asap at the time of the defaults and won't be returning for a fresh look until I see the recovery outcomes. I find it hard to make an objective assessment. It's good that they haven't given up but only results will determine their competence level.