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Post by dan1 on Apr 27, 2018 19:33:56 GMT
If you ever want to investigate the borrowers on Growth Street then take a look at CH, try googling:
site:beta.companieshouse.gov.uk "growth street provision"
I was surprised to see an Ablrate borrower (generator loans #71 & #93).
I guess it would be possible to analyse the data to extract number of active charges, satisfied charges, insolvency, etc.
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zlb
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Post by zlb on Jul 2, 2018 20:53:59 GMT
Is this the only way to tell whether they're the same as those used by BM? BM say they've found more reputable invoice discounting suppliers to work with, after losses.
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Greenwood2
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Post by Greenwood2 on Jul 3, 2018 7:34:56 GMT
If you ever want to investigate the borrowers on Growth Street then take a look at CH, try googling: site:beta.companieshouse.gov.uk "growth street provision"I was surprised to see an Ablrate borrower (generator loans #71 & #93). I guess it would be possible to analyse the data to extract number of active charges, satisfied charges, insolvency, etc. I can only see the usual Company information on that link, I must be missing something, where do you see this detail?
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puddleduck
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Post by puddleduck on Jul 3, 2018 7:48:31 GMT
If you ever want to investigate the borrowers on Growth Street then take a look at CH, try googling: site:beta.companieshouse.gov.uk "growth street provision"I was surprised to see an Ablrate borrower (generator loans #71 & #93). I guess it would be possible to analyse the data to extract number of active charges, satisfied charges, insolvency, etc. I can only see the usual Company information on that link, I must be missing something, where do you see this detail? You are probably looking at Growth Street themselves, you need to look at other companies that have that charge registered - eg S****DH**D****NG .C*M
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Post by dan1 on Jul 3, 2018 9:15:11 GMT
If you ever want to investigate the borrowers on Growth Street then take a look at CH, try googling: site:beta.companieshouse.gov.uk "growth street provision"I was surprised to see an Ablrate borrower (generator loans #71 & #93). I guess it would be possible to analyse the data to extract number of active charges, satisfied charges, insolvency, etc. I can only see the usual Company information on that link, I must be missing something, where do you see this detail? As puddleduck writes you maybe looking at Growth Street itself at the top of the search results. I should have been clearer in my OP but by Googling the following search term... site:beta.companieshouse.gov.uk "growth street provision"... will result in links to pages on CH that contain the exact term "growth street provision". The top results will all be from the company Growth Street Provision Limited (main page, offices, filing history, persons with significant control) and officers appointments followed by hits on other companies pages. It's these hits we're interested in because they're charges in favour of the Growth Street provision fund; the first company in my search results is R****** N** Limited with an outstanding charge registered on 31 Aug 2016. I suggested in my OP that someone could produce a list of borrowers that GS have registered charges together with the date of the charge, whether it has been satisfied or not, and note late filing or even insolvency proceedings. If I look at the Ablrate borrrower I can see the GS fixed charge was registered on 21 Apr 2017 and was followed by four charges in favour of Ablrate, two registered on 27 Apr 2017 (fixed charges) and two on 3 Jan 2018 (debenture and chattel mortgage). The Ablrate charges line up with the two loans currently outstanding so we can surmise this borrower began borrowing on GS around Apr/May 2017.
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Greenwood2
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Post by Greenwood2 on Jul 3, 2018 10:29:48 GMT
Thanks, I would never have thought of attacking it like that.  |
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Post by dan1 on Aug 19, 2018 20:42:22 GMT
I'm in the process of analysing Companies House for charges in favour of Growth Street Provision Limited. The chart below shows the number of companies with at least one outstanding charge from inception, 23 Aug 2015.  The growth in number of companies appears to tail off around June 2017. Rates for investors appear to have begun reducing on 27 April 2017 according to this thread. |
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jsmill
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Post by jsmill on Aug 20, 2018 9:12:14 GMT
I'm in the process of analysing Companies House for charges in favour of Growth Street Provision Limited. The chart below shows the number of companies with at least one outstanding charge from inception, 23 Aug 2015. The growth in number of companies appears to tail off around June 2017. Rates for investors appear to have begun reducing on 27 April 2017 according to this thread. Thanks dan1 much appreciated. It is a number I keep an eye on but I hadn't appreciated it had stagnated for so long. Still comfortable using GS for the time being but they do really need to scale this for me to remain invested longer term
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zlb
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Post by zlb on Nov 1, 2018 10:22:35 GMT
I'm in the process of analysing Companies House for charges in favour of Growth Street Provision Limited. The chart below shows the number of companies with at least one outstanding charge from inception, 23 Aug 2015. The growth in number of companies appears to tail off around June 2017. Rates for investors appear to have begun reducing on 27 April 2017 according to this thread. Thanks dan1 much appreciated. It is a number I keep an eye on but I hadn't appreciated it had stagnated for so long. Still comfortable using GS for the time being but they do really need to scale this for me to remain invested longer term when you say scale, you mean you want them to continue to increase companies worked with in order to reduce risk? Sorry, I know this is a basic question, a charge in favour of GS means that this is a company they're working with, rather than a company they've had to make a claim against? Thanks.
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liso
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Post by liso on Nov 1, 2018 10:48:01 GMT
zlbYes, you are correct that the chart shows the number of companies that GS has lent to. The charge allows GS to make a claim against any of them if they default on the loan, but that is not what the chart shows.
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Post by dan1 on Nov 1, 2018 13:17:07 GMT
The last time I checked CH (early October I think) the breakdown of the Company status (go and look at the summary page of any company on CH to see what I mean) of the companies with at least one active charge was as follows... 134 Active 2 Dissolved 2 In Administration 1 Insolvency Proceedings 3 Liquidation Obviously do your own research and all that (my data may not be 100% accurate because I can't search CH directly) but some of the information on charges may be out of date and displayed incorrectly (error on manual entry, for example), some of the liquidations may be voluntary, and other reasons that I don't understand! By the way, in the last month or so there has been another claim on the Loan Loss Provision of £100,453, if my calculations are correct. In the same period additional receipts (to the Loan Loss Provision) from borrowers totaled £38,721. I'll try and post on this later but tagging nesako who has done some good work on this is the past. |
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jsmill
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Post by jsmill on Nov 2, 2018 11:21:51 GMT
The last time I checked CH (early October I think) the breakdown of the Company status (go and look at the summary page of any company on CH to see what I mean) of the companies with at least one active charge was as follows... 134 Active 2 Dissolved 2 In Administration 1 Insolvency Proceedings 3 Liquidation Obviously do your own research and all that (my data may not be 100% accurate because I can't search CH directly) but some of the information on charges may be out of date and displayed incorrectly (error on manual entry, for example), some of the liquidations may be voluntary, and other reasons that I don't understand! By the way, in the last month or so there has been another claim on the Loan Loss Provision of £100,453, if my calculations are correct. In the same period additional receipts (to the Loan Loss Provision) from borrowers totaled £38,721. I'll try and post on this later but tagging nesako who has done some good work on this is the past. I noticed the additional claim as well. If you strip out founder contributions the loss provision fund would be short £45k on a year to date basis (i.e deducting claims from investor contributions and recoveries)
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Post by nesako on Nov 6, 2018 13:18:18 GMT
The last time I checked CH (early October I think) the breakdown of the Company status (go and look at the summary page of any company on CH to see what I mean) of the companies with at least one active charge was as follows... 134 Active 2 Dissolved 2 In Administration 1 Insolvency Proceedings 3 Liquidation Obviously do your own research and all that (my data may not be 100% accurate because I can't search CH directly) but some of the information on charges may be out of date and displayed incorrectly (error on manual entry, for example), some of the liquidations may be voluntary, and other reasons that I don't understand! By the way, in the last month or so there has been another claim on the Loan Loss Provision of £100,453, if my calculations are correct. In the same period additional receipts (to the Loan Loss Provision) from borrowers totaled £38,721. I'll try and post on this later but tagging nesako who has done some good work on this is the past. I noticed the additional claim as well. If you strip out founder contributions the loss provision fund would be short £45k on a year to date basis (i.e deducting claims from investor contributions and recoveries) Yes, but the year is not yet over... it may just break even by the end of December (assuming no more claims are made this year)
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benaj
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Post by benaj on Apr 8, 2019 19:18:28 GMT
Quoting figures from 14th March 2019Borrowers: 164 Live borrowers Average utilisation: 75.85% Loans outstanding: £24,689,404 Loans outstanding in January:-p2pindependentforum.com/post/313351/thread£75,442,652 outstanding balance of loans. Does it suggest lenders have withdrawn money from the platform as outstanding balance have been significantly reduced? 50Mil???
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Post by dan1 on Apr 8, 2019 19:41:25 GMT
Quoting figures from 14th March 2019Borrowers: 164 Live borrowers Average utilisation: 75.85% Loans outstanding: £24,689,404 Loans outstanding in January:-p2pindependentforum.com/post/313351/thread
£75,442,652 outstanding balance of loans.
Does it suggest lenders have withdrawn money from the platform as outstanding balance have been significantly reduced? 50Mil??? The £75m was for Lending Works. Extract of the post (my bold)... GS Provision Fund is too low I agree... but let's look at Lending works. Latest statistics (Jan 2019), they have: (Shield) Cash: £1,450,165 and £75,442,652 outstanding balance of loans.
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