New 10% loan

Unimpressed by their website. It looks like free to use website building software that I sometimes use to whack up a quick site. It's full of smiling faces and buzzy claims of being innovative and client focused etc, but if I was on this site looking for someone to satisfy my grievance, I would want to know what the process would be after I submitted the online form. You have to put in your phone number (asterisk) and email address (asterisk) but page down and there is no explanation of the asterisks and no indication if they will phone you, email you or spam you to death.

Apparently you have to guess you are supposed to fill in your problem in a box called "comment". 
Not encouraging.

As a rule I don't lend to accountants or lawyers (or consultants) for that matter.

If borrower was to get into difficulty down the line then how would the several tranches of loans be dealt with?  All treated equally as far as lenders concerned, first one prioritised and then rest get the scraps, etc.

Not for me - I am another who does not invest in lawyers or accountants - experience has taught me to avoid them. Quite often any security is based on WIP which, to have any value needs to be billed and paid.

I am not invested in this, but for what it is worth, there are a couple of good things this company is doing. I have some experience from the investigation side of how claims management firms work and have worked with many solicitors firms. 

The company recognised that the law was changing for claims management (mostly road traffic collisions). Like several other firms is seeking new income streams away from what the public see as the seedy end of the industry. They say as much in the pitch. From experience I think there is some justification for the publics views. 

One big hit to the industry will be the UK adopting more stringent data rules in May (GDPR). Some of the practices used to generate 'leads' will stop. Some should never have occurred in the first place, such as insurance company staff selling details of RTC participants. In any event H*** Str*** S********rs are ahead of some of their colleagues who are flogging the old system before it expires in an attempt to get some income.

They are also ditching a lead generation company that they seem to have been contracted to. That is a good thing in my view.

I am unsure about the £900k repayment to N*****s L***ns. This is a litigation lending company. Normally, as part of the paperwork, clients may sign up for such a loan or take out a policy of insurance I
(also in the case papers). This indemnifies them against legal costs in the event of an unsuccessful claim. So I don't see where this fits and perhaps I am missing something. Possibly it was factoring against future income.

I liked the phrase "the new areas are not subject to any forseeable reform..." Translate - we can get away with this grey area for a while.