Thats 60% of my exposure to this Platform now in default. Most of my defaulted loans were the “Secured and Insured” type, so really hoping that one or both come to the rescue! No word on that likelihood from ArchOver though.
Inf***** Sec***** was a sound and profitable company with an existing overdraft from Bibby. Following the draw down the business suffered from a significant event, and BTG have been sent in to review the situation with the business. Until this review has been finalised I am afraid we are unable provide more information, however we will be informing all affected lenders with more details as soon as we can.