shimself
Member of DD Central
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Post by shimself on May 23, 2018 10:01:27 GMT
I am corrected, sorry. Mind you I wonder if the others are actually full time employees.
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withnell
Member of DD Central
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Post by withnell on May 23, 2018 11:46:28 GMT
BDO aren't impressing me so far. Nearly 4 weeks in and the insolvency isn't on Companies House, and the registered address is still "C/O Refresh Rovery Limited". Not that I have confidence in the original Administrator who couldn't spell their own name...
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averageguy
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Post by averageguy on May 23, 2018 11:59:35 GMT
BDO aren't impressing me so far. Nearly 4 weeks in and the insolvency isn't on Companies House, and the registered address is still "C/O Refresh Rovery Limited". Not that I have confidence in the original Administrator who couldn't spell their own name... It’s their way of keeping costs under control ..do nothing 
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tomp
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Post by tomp on May 23, 2018 14:31:06 GMT
Not sure if it was already mentioned -have a look at Companies House -> Registered office address changed
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ptr120
Member of DD Central
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Post by ptr120 on May 23, 2018 14:32:01 GMT
Notification just received from CH that the address has been updated to 55 Baker Street London - the BDO offices
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DeafEater
Member of DD Central
Extremely Moderate
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Post by DeafEater on May 23, 2018 14:50:00 GMT
It's almost like BDO are reading this thread...
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withnell
Member of DD Central
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Post by withnell on May 23, 2018 15:23:23 GMT
It's almost like BDO are reading this thread... In which case we'd like to know:
1. how much has been achieved to date
2. what are the admin costs to date
3. how are these costs projected to be met.
Not much to ask really?
Ignoring the costs, I'd like to know if the assets actually exist, and therefore which loans are secured and what amount is unsecured! Then access to the interest payments from the "real" contracts
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Post by beepbeepimajeep on May 23, 2018 16:14:08 GMT
Notice of appointment received to my email address this evening.
In short : investors need not do anything at the moment, website FAQ will be updated soon.
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jj
Member of DD Central
Jolly Jammy
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Post by jj on May 23, 2018 16:21:09 GMT
Unless you didn't receive the email you don't need to do anything.
If you didn't receive the email I would suggest you email "investorcollateral@bdo.co.uk" to be in the loop.
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TFTO
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Post by TFTO on May 23, 2018 16:27:33 GMT
One month and not a lot done - making a meal of it as expected.
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GeorgeT
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Post by GeorgeT on May 23, 2018 16:28:50 GMT
It's a relief to know they have the investors' contact details.
The important bit for many -
"Once all of the Companies’ books and records have been recovered and the various legal and contractual positions ascertained, the Joint Administrators will seek to reconcile the position of all investors, other creditors and borrowers. It is recognised that, without access to the Companies’ online platform, many investors will not presently be able to confirm the amounts that they consider are owed to them. At this stage, the Joint Administrators do not, therefore, require investors to provide a proof of debt form."
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agent69
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Post by agent69 on May 23, 2018 17:30:41 GMT
One month and not a lot done - making a meal of it as expected. How do you know how much has been done?
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rgog
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Post by rgog on May 23, 2018 17:44:16 GMT
It's a relief to know they have the investors' contact details. The important bit for many - "Once all of the Companies’ books and records have been recovered and the various legal and contractual positions ascertained, the Joint Administrators will seek to reconcile the position of all investors, other creditors and borrowers. It is recognised that, without access to the Companies’ online platform, many investors will not presently be able to confirm the amounts that they consider are owed to them. At this stage, the Joint Administrators do not, therefore, require investors to provide a proof of debt form."Received an e-mail about an hour ago but it had non of that in it? Are they sending different e-mails to different people? Forget that, have now seen and read the attachment!
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TFTO
Member of DD Central
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Post by TFTO on May 23, 2018 17:47:35 GMT
One month and not a lot done - making a meal of it as expected. How do you know how much has been done? A read of the email "Once all of the Companies’ books and records have been recovered and the various legal and contractual position is ascertained, the Joint Administrators will seek to reconcile the position of all investors, other creditors and borrowers" Collateral is small beer and this should have been done by now.
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ptr120
Member of DD Central
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Post by ptr120 on May 23, 2018 18:03:07 GMT
Collateral is small beer and this should have been done by now. It is and it should have done, but if the directors are not playing nicely there is a chance that they might need to be compelled via legal action.
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