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Post by Deleted on Aug 31, 2019 8:22:11 GMT
This is the full list and the response. Non were flagged as arrears on the borrower page, repayments report or portfolio. I don't know if they are now. The little calendar thing is on the borrower page and if I remember correctly it showed only received payments but did not show the missing ones.
AC**SS INS***L LIMITED 2 Months late - We have a meeting scheduled on Friday with the director who has said they will make payment on Friday.
CHIL***N CIV**S AND INFRASTRUCTURE LTD 2 Months late - The direct debit mandate has been cancelled so we are chasing the director for payments.
ENG***N ENV******TAL CONSULTANTS LIMITED 3 Months late - We have not been able to get in contact with the director. We have sent chaser emails asking him to make payments to catch up.
M*G FAS***N LIMITED 2 Months late - The director has been making payments to catch up. The next payment that is due is 25th August (which we are awaiting)
ROB***T GOD***D Limited 1 _3 months late - We have been going back and forth with the director who said he had paid, turned out he hadn't and is only replying intermittently. If we do not hear back by the end of today we are going to be handing this over to our new third party recovery team.
THE MAR***E & PROP***Y GROUP Limited 1_2 months lare - Loan 1 - The director is looking to settle the loans but has yet to pay the catch up payments we have requested - we are waiting to hear back from him and are sending chaser emails. - Loan 2 - This is up to date. - Loan 3 - The director is looking to settle the loans but has yet to pay the catch up payments we have requested - we are waiting to hear back from him and are sending chaser emails.
T*M INTER****NAL Ltd 1 _2 months late - We had received 2 payments but were unable to process them, however the issue has been fixed and the payments processed. The next payment is due in the next week.
Wh**es Group 1 month late - Waiting to hear back from the director in order to catch up his payments
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zlb
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Post by zlb on Aug 31, 2019 9:00:24 GMT
Some worrying, others a little less so. Acc Ins had insolvency on companies house some time back. C2F offer the aim for 8% ish interest which accounts for defaults. They did say that their DD was being tightened after some recent new borrowers going into default too quickly - perhaps in a reply directly to one of my emails.
I presume that Chris Hancock wouldn't want a failed business. I think they should be reading this forum, to be honest. They've grown the business, if they've taken on a third party recovery agent then that indicates that they recognised that they needed to expand. Or, on the other hand, they didn't anticipate the level of default.
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macq
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Post by macq on Aug 31, 2019 9:14:54 GMT
@apprentice / macq I don't see a page with ticks and crosses. I have a colour coded calendar. I'm noticing on that, companies which are non-paying are either known defaults or they have an arrangement to pay on a different schedule. if you like, can you PM me the exact click route to the page? I sell most of mine at par so that they sell quickly - those below par tend to sit there for months and/or I very rarely buy on the exchange at less than par (if I take on a loan, I'm against taking on less risk, 2-10 months in, than the original investor). However - on another issue, even though I sell at par, or occasionally lower, my losses on the exchange are creeping up. Anyone here know why? doing this from memory - go your portfolio and you should see a page with just loans,revenue,bonds etc in a grid.Select One section i.e Loans that should then bring up all your loans,you can then pick One which brings up a status of that loan line if you hover over the calendar it brings up a box/grid with payments(ticks & crosses) plus last and next date. Never really bought on the exchange but could your losses be going up due to as you mention occasionally you sell lower plus if you buy any at a small premium that would also show as a loss?
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zlb
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Post by zlb on Aug 31, 2019 11:44:15 GMT
@apprentice / macq I don't see a page with ticks and crosses. I have a colour coded calendar. I'm noticing on that, companies which are non-paying are either known defaults or they have an arrangement to pay on a different schedule. if you like, can you PM me the exact click route to the page? I sell most of mine at par so that they sell quickly - those below par tend to sit there for months and/or I very rarely buy on the exchange at less than par (if I take on a loan, I'm against taking on less risk, 2-10 months in, than the original investor). However - on another issue, even though I sell at par, or occasionally lower, my losses on the exchange are creeping up. Anyone here know why? doing this from memory - go your portfolio and you should see a page with just loans,revenue,bonds etc in a grid.Select One section i.e Loans that should then bring up all your loans,you can then pick One which brings up a status of that loan line if you hover over the calendar it brings up a box/grid with payments(ticks & crosses) plus last and next date. Never really bought on the exchange but could your losses be going up due to as you mention occasionally you sell lower plus if you buy any at a small premium that would also show as a loss? thanks - I finally found it and came here to say... Over all I should not have a loss on the exchange, but I do - losses 33% higher than profit. When you sell a part, the window has sliders, but the figures below the sliders don't change. e.g. I've got £45.23 loan part to sell. I click 'sell. The pop up window says: "Buyer will receive £48.05" No matter whether I change the interest rate%. So the buyer receives £48.05, when I leave the % at par (eg 10%) and the "offer price" is £44.99 Even if I put the "offer price" at £46.18 (%=therefore 6.01%) the window still says: "buyer will receive £48.05" I would have thought that if I sold at par £45.23, then that is what I would receive, rather than £44.99
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macq
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Post by macq on Aug 31, 2019 14:51:56 GMT
doing this from memory - go your portfolio and you should see a page with just loans,revenue,bonds etc in a grid.Select One section i.e Loans that should then bring up all your loans,you can then pick One which brings up a status of that loan line if you hover over the calendar it brings up a box/grid with payments(ticks & crosses) plus last and next date. Never really bought on the exchange but could your losses be going up due to as you mention occasionally you sell lower plus if you buy any at a small premium that would also show as a loss? thanks - I finally found it and came here to say... Over all I should not have a loss on the exchange, but I do - losses 33% higher than profit. When you sell a part, the window has sliders, but the figures below the sliders don't change. e.g. I've got £45.23 loan part to sell. I click 'sell. The pop up window says: "Buyer will receive £48.05" No matter whether I change the interest rate%. So the buyer receives £48.05, when I leave the % at par (eg 10%) and the "offer price" is £44.99 Even if I put the "offer price" at £46.18 (%=therefore 6.01%) the window still says: "buyer will receive £48.05" I would have thought that if I sold at par £45.23, then that is what I would receive, rather than £44.99 Not quite sure i'm on the right track (which could make my answer wrong ) But the buyer receive figure will stay the same as that's whats on offer - so in your example it stays the same @ 10% as that's what the borrower is paying and the buyer makes £3.06 taking it off you at par.But if you sell @ 6% the buyer pays you more at a premium so agrees to only make only £1.87 As for the difference in £45.23 and you receiving £44.99 is that changing every day? as maybe its accrued interest
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zlb
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Post by zlb on Sept 12, 2019 10:14:25 GMT
I've had payments from R**etc **ard now.
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macq
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Post by macq on Sept 30, 2019 22:56:27 GMT
just noticed that they have on their home page yet another funding round.But is it me or is One of the Three pictures that scroll through at the top of the pitch after selecting the offer not from a well known tv program? (Just answered my own question by looking at the programs iPlayer page)
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zlb
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Post by zlb on Oct 1, 2019 16:36:29 GMT
just noticed that they have on their home page yet another funding round.But is it me or is One of the Three pictures that scroll through at the top of the pitch after selecting the offer not from a well known tv program? (Just answered my own question by looking at the programs iPlayer page) they didn't raise enough last time. Be interesting to see whether EIS makes a difference.
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macq
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Post by macq on Oct 1, 2019 17:18:18 GMT
just noticed that they have on their home page yet another funding round.But is it me or is One of the Three pictures that scroll through at the top of the pitch after selecting the offer not from a well known tv program? (Just answered my own question by looking at the programs iPlayer page) they didn't raise enough last time. Be interesting to see whether EIS makes a difference. At Three people after 2 days i do wonder but just noticed that an in an answer to a question on the offer page that they claim they are looking in the future to raise £20 million after EIS to value the company at £1 billion. To me personally i am finding all the funding rounds plus the Block chain One and all the purple prose & figures given(only my view) more of a turnoff then any defaulted loan and i have started to run down the small amount i had left I also think the use of what looks like a publicity shot from what looks like a well known show which i will not name but also deals with small businesses is a poor touch ( i will assume its not deliberate ) P.s - Just noticed 4th way who i am not sure how much faith to put stock in (but i know others do) have done a feature about them but
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zlb
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Post by zlb on Oct 1, 2019 18:34:46 GMT
they didn't raise enough last time. Be interesting to see whether EIS makes a difference. At Three people after 2 days i do wonder but just noticed that an in an answer to a question on the offer page that they claim they are looking in the future to raise £20 million after EIS to value the company at £1 billion. To me personally i am finding all the funding rounds plus the Block chain One and all the purple prose & figures given(only my view) more of a turnoff then any defaulted loan and i have started to run down the small amount i had left I also think the use of what looks like a publicity shot from what looks like a well known show which i will not name but also deals with small businesses is a poor touch ( i will assume its not deliberate ) P.s - Just noticed 4th way who i am not sure how much faith to put stock in (but i know others do) have done a feature about them but I don't mind the association with the tv prog, I think it's reasonable that they depict that model on the tv show - except we don't get shown the pitch.
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macq
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Post by macq on Oct 1, 2019 19:44:45 GMT
my reference to the tv show was more in the context of there being press coverage earlier in the year about fake ads pushing bonds,bitcoin etc using reviews falsely linked to stars of the show.So the use of a picture from the show by a genuine finance company seems a bit of a misstep and tends to put me off (not that i could afford the minimum buy-in anyway!)
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zlb
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Post by zlb on Oct 8, 2019 11:19:24 GMT
my reference to the tv show was more in the context of there being press coverage earlier in the year about fake ads pushing bonds,bitcoin etc using reviews falsely linked to stars of the show.So the use of a picture from the show by a genuine finance company seems a bit of a misstep and tends to put me off (not that i could afford the minimum buy-in anyway!) maybe they have friends in such places - but I'd imagine that would be down to BBC licensing dept, and it's in bad taste anyway. I'm useless at reading accounts but their last one 2018 seems ok - not sure what that indicates though. I am displeased by their lack of communication with 4thway.
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Post by Deleted on Oct 8, 2019 12:00:52 GMT
Yes, if they had anything good to say you would have thought they would take the opportunity to say it. I have put everything up for sale (and that was a job and half) and I have been impressed with the liquidity, selling in days mostly. Do you know if the smart invest system purchases from the secondary market? If it is, it is purchasing some duds and I feel a bit bad......
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macq
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Post by macq on Oct 8, 2019 12:19:28 GMT
my reference to the tv show was more in the context of there being press coverage earlier in the year about fake ads pushing bonds,bitcoin etc using reviews falsely linked to stars of the show.So the use of a picture from the show by a genuine finance company seems a bit of a misstep and tends to put me off (not that i could afford the minimum buy-in anyway!) maybe they have friends in such places - but I'd imagine that would be down to BBC licensing dept, and it's in bad taste anyway. I'm useless at reading accounts but their last one 2018 seems ok - not sure what that indicates though. I am displeased by their lack of communication with 4thway. assume you mean the article last week on 4th way (and not the general review) which was no exactly glowing
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zlb
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Post by zlb on Oct 8, 2019 22:15:43 GMT
maybe they have friends in such places - but I'd imagine that would be down to BBC licensing dept, and it's in bad taste anyway. I'm useless at reading accounts but their last one 2018 seems ok - not sure what that indicates though. I am displeased by their lack of communication with 4thway. assume you mean the article last week on 4th way (and not the general review) which was no exactly glowing the article and the review. And why take that stance of not replying to a review site? No one should consider themself above replying to emails. 4thway are hardly representative of gutter press. Is this intentional lack of transparency; under staffing; lack of respect for lenders?
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