justme
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Post by justme on Jun 18, 2018 13:44:34 GMT
Although we still far away from knowing what the outcome will be I think making a little bit more noise about it could potentially bring some attention to some authorities ? This is a fairly big issue/case in the whole P2P world so , yes. dont you mean Martin Lewis? Col were not authorised yet this would make all P2P seem like the wild west if covered on a mainstream channel to less informed viewers. So I think it would be terrible and serve no useful purpose in return I strongly disagree To a punter it looked as if it was authorised - I certainly do Not have enough expertise to tell one form of authorisation from another and one name of the company from another very similar one. As it looks it is not only me.
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dandy
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Post by dandy on Jun 18, 2018 14:37:43 GMT
dont you mean Martin Lewis? Col were not authorised yet this would make all P2P seem like the wild west if covered on a mainstream channel to less informed viewers. So I think it would be terrible and serve no useful purpose in return I strongly disagree To a punter it looked as if it was authorised - I certainly do Not have enough expertise to tell one form of authorisation from another and one name of the company from another very similar one. As it looks it is not only me. Yes there was clearly a big c**k up with Col. By FCA too. Just saying that this is not representative of P2P as a whole it is one big isolated mess. If you disagree then what are you doing on this forum?
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agent69
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Post by agent69 on Jun 18, 2018 15:16:15 GMT
Although we still far away from knowing what the outcome will be I think making a little bit more noise about it could potentially bring some attention to some authorities ? This is a fairly big issue/case in the whole P2P world so , yes. this would make all P2P seem like the wild west if covered on a mainstream channel to less informed viewers. I think you have this the wrong way around. P2P is the wild west of the finance industry, but the less informed (along with some more experienced investors) look on it as copper bottomed 12% returns.
For anyone who is unhappy with the report which is due out at the end of the week, my suggestion would be to complain to your local MP, and whichever MP is responsible for the governance of the FCA.
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macro
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Post by macro on Jun 18, 2018 16:01:35 GMT
this would make all P2P seem like the wild west if covered on a mainstream channel to less informed viewers. I think you have this the wrong way around. P2P is the wild west of the finance industry, but the less informed (along with some more experienced investors) look on it as copper bottomed 12% returns.
For anyone who is unhappy with the report which is due out at the end of the week, my suggestion would be to complain to your local MP, and whichever MP is responsible for the governance of the FCA.
John Glen is the Man
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IFISAcava
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Post by IFISAcava on Jun 18, 2018 16:31:31 GMT
Isn't the Huddle Capital new loan one of the COL Newcastle ones?
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snowmobile
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Post by snowmobile on Jun 18, 2018 16:38:08 GMT
Isn't the Huddle Capital new loan one of the COL Newcastle ones? Yes it looks like it to me. Same road but I can't remember for sure which number it was. Same valuation and wording of report looks familiar. Originally discussed here p2pindependentforum.com/thread/10228/bl00056-newcastle-bungalow-roadHopefully a good sign that another loan is being refinanced. I wonder what is happening with the other two COL Newcastle ones.
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IFISAcava
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Post by IFISAcava on Jun 18, 2018 16:41:23 GMT
Isn't the Huddle Capital new loan one of the COL Newcastle ones? Yes it looks like it to me. Same road but I can't remember for sure which number it was. Same valuation and wording of report looks familiar. Originally discussed here p2pindependentforum.com/thread/10228/bl00056-newcastle-bungalow-roadHopefully a good sign that another loan is being refinanced. I wonder what is happening with the other two COL Newcastle ones. Can only be a good sign if loans getting refinanced. Huddle says more coming soon - I reckon we know what they may be.
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Post by stevel on Jun 18, 2018 16:42:21 GMT
Isn't the Huddle Capital new loan one of the COL Newcastle ones? Yes it looks like it to me. Same road but I can't remember for sure which number it was. Same valuation and wording of report looks familiar. Originally discussed here p2pindependentforum.com/thread/10228/bl00056-newcastle-bungalow-roadHopefully a good sign that another loan is being refinanced. I wonder what is happening with the other two COL Newcastle ones. Companies House says Col are charge holders so looks like it
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IFISAcava
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Post by IFISAcava on Jun 18, 2018 17:19:22 GMT
Now, before I invest, and on the basis of once bitten twice shy, I seem to remember Huddle used another company's FCA permissions, which has an unpleasantly familiar ring to it. Are we sure Huddle has full permissions for the things it is doing?
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mason
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Post by mason on Jun 18, 2018 17:56:45 GMT
Now, before I invest, and on the basis of once bitten twice shy, I seem to remember Huddle used another company's FCA permissions, which has an unpleasantly familiar ring to it. Are we sure Huddle has full permissions for the things it is doing? The issue with "authorised representatives" is (like firms with interim permission) you can't cross-check their FCA register entry by companies house number. FCA really needs to sort that out.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jun 18, 2018 18:44:15 GMT
Now, before I invest, and on the basis of once bitten twice shy, I seem to remember Huddle used another company's FCA permissions, which has an unpleasantly familiar ring to it. Are we sure Huddle has full permissions for the things it is doing? Huddle's parent company have full permissions, the platform provider & part share holder have full permissions & the principal have full permissions via their parent so if it goes pear shaped there are plenty of options
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Post by mrclondon on Jun 18, 2018 19:01:02 GMT
I think you have this the wrong way around. P2P is the wild west of the finance industry, but the less informed (along with some more experienced investors) look on it as copper bottomed 12% returns.
For anyone who is unhappy with the report which is due out at the end of the week, my suggestion would be to complain to your local MP, and whichever MP is responsible for the governance of the FCA.
John Glen is the Man Oversight of the FCA is the responsibility of the Treasury Select Committee (headed by Nicky Morgan)
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bigfoot12
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Post by bigfoot12 on Jun 19, 2018 8:53:54 GMT
Is it possible that Col's email server was with a different provider than the database, or backed up to a different location, or that one of the office PCs has a local copy of it? I don't know, but it isn't unusual to use a different email provider to the database server. If it is available and they sent out information about investments to all investors it might be possible to recreate the loan book from that.
I have been following this thread to some extent, but I won't claim to have read every post, so I apologise if someone has mentioned this. I am not a lender, but it might be worth contacting BDO to make sure that they have considered this.
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jlend
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Post by jlend on Jun 19, 2018 9:27:38 GMT
Just a thought... It might be worth someone taking the lead and creating a standard letter (that could be tweaked) that all COL lenders could send to their own local MP to raise awareness prior to meeting up with their MP in one of their local MP surgery meetings. You may well find several MPs are more willing than others to support you in any way they can going forward. It does feel like it is a bit early to do this at the moment? Perhaps wait until the creditors committee is formed and had a chance to question the administrators then write to the MPs with the remaining big things or decisions you are not happy about?
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amanda373
Anyone downloaded the full transcript of the Court Session with the FCA. .?
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Post by amanda373 on Jun 19, 2018 9:29:04 GMT
Would be a huge benefit if so....
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