Bu****g N***t Group loan on Crowdstacker

Anyone know anything about the BN loan with crowdstacker and the selling of the assets to another company that funded BN. All a bit worrying as I invested money in it. It's seems all security has went up in smoke

I don't know what has happened but it's not good.

sas100 - I'm not on Crowdstacker so I'm not sure what info they've provided but if you haven't already then search companies house for BN and download the Statement of administrator's proposal from the filing history.  There was talk on DD Central of a complete write-off but the likes of hazellend or IFISAcava might be able to provide further info.  Finally, there are related companies, either directly or indirectly, to BN Group who have loans on Huddle Capital and Ablrate, so it may be worth having a look on those boards.

I'm in the BN loans for a medium sum. Don't think I can share the info Crowdstacker have sent investors but a) there's a complex interrelationship between the various companies and b) it looks bad for much (if any) recovery in the BN loans on CS.

Its all a big risk but authentic ######## accounts are also

Hi, I'm a series 6 cybernautic agent from the year 2087, not "the guy", but, we future-kind take a forgiving view of humanity so I'll answer your question.

I refer you to the first table in Appendix 2 "statement of affairs" in the administrator's proposal for the group. The stated book value of BN's assets subject to fixed charge is £2.694m, and just under that there is crowdstacker's debt of £7.53m.  Something like £2.5m of return on a something like £7.5m debt is where I'm getting 2/3 from.

Now -

a) I'm not an expert, in fact I'm a total amateur who had 20 minutes to spare inbetween some truly dreadful Polish Satellite television programming enforced upon me by having the flu at the moment.
b) I'm not a crowdstacker investor and so not party to any additional sources of recovery.
c) Even if entirely right, this is an estimate and so could go up or down for various reasons. 
d) Frankly, I've really not looked into it that much because a) + b) 
e) I was curious to know the answer, and the best way to elicit the real answer is to have a stab yourself so that someone who knows better can flaunt their superior knowledge on here in full glory. As nobody did, I can only assume that I'm permitted to flaunt myself, or perhaps everyone else had a better Saturday evening than I did.

What have Crowdstacker communicated themselves to BN investors?

.....Actually, I quite like 'the guy' now. It's growing on me.

Edit: Looking again at the proposal - to be perfectly honest, I really would take my interpretation with a gigantic catering pack of salt. The BN group is complex, and there are debts between the subsidiaries and all sorts of financial bells and whistles. For now, I think the only view that I can have full faith in is that it is indeed looking 'bad'.